Asia and the Pacific Rim - Page 2

Fortescue signs MoU for Australia's Iron Valley project
Wednesday, February 15, 2012 Fortescue Metals Group (FMG) has signed a memorandum of understanding (MoU) with Iron Ore Holdings (IOH) for the Iron Valley project in Pilbara region, Western...

Stanmore Coal submits lease applications for transport corridor
Friday, February 03, 2012 Stanmore Coal has submitted two new mining lease applications for a new coal transport corridor in Queensland,...

BHP Billiton approves funding for iron ore port in Australia
Friday, February 03, 2012 BHP Billiton has approved spending of $917m in pre-commitment funding for expansion of its iron ore export harbour at Port Hedland in Western...

Guildford Coal wins licence for South Gobi project
Wednesday, February 01, 2012 Guildford Coal has received a mining licence for the South Gobi project located in Mongolia and plans to begin first production by the first half of...

L&L to acquire 51% stake in the Weishe coal mine
Tuesday, January 31, 2012 US-based L&L Energy has acquired a 51% stake in the Weishe coal mine located in China’s Guizhou province for a total consideration of...

Fortescue Metals resumes mining at storm-hit Pilbara mines
Monday, January 16, 2012 Fortescue Metals Group has resumed operations at its cyclone-hit mines located in Pilbara, Australia, the company has...

Exxaro plans to acquire African Iron for $349m
Friday, January 13, 2012 South African mining firm Exxaro Resources has made an offer worth up to A$338m ($349m) to buy a controlling stake of African Iron, targeting the latter's Mayoko iron ore project in the Republic...

Karara Mining awards tailings management contract to Bis Industries
Thursday, January 12, 2012 Karara Mining (KML) has awarded a 15-year contract to logistics group Bis Industries to provide a complete tailings management system for its iron ore project in Western...

P&H Joy Mining to set up manufacturing unit in India
Thursday, January 12, 2012 P&H Joy Mining Equipment is planning to set up a $25m manufacturing and servicing facility in West Bengal,...

NLC to invest $7.6bn in increasing mining production
Wednesday, January 11, 2012 India-based Neyveli Lignite Corporation (NLC) said it will invest $7.6bn in ramping up its mining production capacity to 45Mtpa by...

Moly Mines enters strategic alliance with China Development Bank
Thursday, January 05, 2012 Moly Mines has inked a preliminary deal with China Development Bank (CDB) for a strategic alliance to finance its new mining...

Sino Prosper to acquire stake in Chinese gold mining firm
Wednesday, January 04, 2012 Sino Prosper State Gold Resources has signed an agreement with Guizhou Qianxi'nan Prefecture Longyu Mining to acquire a majority stake in the...

Zhaojin Mining to acquire majority equity interest in Baicheng Xian Dishui
Tuesday, January 03, 2012 Zhaojin Mining Company has unveiled plans to acquire the majority equity stake in Baicheng Xian Dishui Copper Mine Development...

Turkish mine accidents killed 79 miners in 2011, reports the MMO
Tuesday, January 03, 2012 According to a new mining report by the Chamber of Mining Engineers (MMO), 79 miners died, including two mining engineers, and 117 were injured in 86 mine accidents in Turkey over the last...

Leighton Contractors wins contract extension at Australian coal mine
Thursday, December 22, 2011 Leighton Contractors has been awarded a one-year contract extension for providing mining services at the Dawson Mine in Central Queensland,...

Peabody Energy completes acquisition of Macarthur Coal
Wednesday, December 21, 2011 Coal miner Peabody Energy has completed the acquisition of Macarthur Coal for a total value of...

Kangaroo moves towards direct ownership of Pakar coal project in Indonesia
Wednesday, December 21, 2011 Kangaroo Resources has executed a deeds of transfer agreement with PT Bayan Resources, granting it direct ownership of five key concessions and one asset-holding company at Pakar Thermal...

Nalco to acquire 25% stake in MEC Coal
Tuesday, December 20, 2011 Aluminium producer National Aluminium Company (Nalco) has said that it plans to acquire around a 25% equity stake in MEC Coal by March...

Yanzhou, Gloucester Coal in merger deal
Tuesday, December 20, 2011 China-based Yanzhou Coal Mining is in talks with Australian miner Gloucester Coal for a proposed merger deal to create an A$8bn ($7.9bn) coal mining...

Peabody Energy increases production at Australian coal mines
Friday, December 16, 2011 Peabody Energy is increasing seaborne coal volumes at its Wilpinjong and Millennium mines in Australia, following expansion of the...