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October 2014

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De Beers selects HCL for IT infrastructure overhaul
24 October 2014 Diamond mining company De Beers has selected Indian-based IT services company HCL Technologies to transform its IT...

UK gives $1bn loan guarantee to Chilean copper miner Codelco
24 October 2014 The UK has offered a $1bn loan guarantee to Chile's state-owned Codelco with the intention of attracting business deals from the copper...

African Minerals chairman to buy Marampa in Sierra Leone from London Mining
24 October 2014 Chairman of African Minerals Frank Timis is seeking to acquire London Mining's Marampa mine in Sierra Leone through his privately owned...

Rio Tinto misses $4.2bn financing deadline for Oyu Tolgoi expansion in Mongolia
23 October 2014 Mining giant Rio Tinto has deliberately missed the 30 September deadline of financing $4.2bn for the underground expansion of the Oyu Tolgoi copper-gold mine in...

Kinross Gold to sell Ecuador assets to Fortress for $240m
23 October 2014 Canada-based Kinross Gold has signed a deal with Fortress Minerals, a division of the Lundin Group, to sell its 100% stake in Aurelian Resources and the Fruta del Norte (FDN) project in Ecuador...

Ivanhoe Mines to cut 325 jobs at South African mine
23 October 2014 Ivanhoe Mines is preparing to lay off 325 workers at its South African unit after keeping them in standby paying full compensation for the last four...

Chatham Rise mining in New Zealand could affect whales and dolphins, expert says
22 October 2014 Chatham Rock Phosphate's proposal to mine the Chatham Rise on New Zealand's continental shelf could affect marine mammals such as whales and dolphins, University of Otago assistant professor...

New South Wales rejects two coal project proposals
22 October 2014 The Planning Assessment Commission (PAC) of New South Wales has rejected Anglo American's Drayton South coal mine and Coalpac's Cullen Bullen coal mine projects in the Blue...

TECO Energy exits the coal mining industry
22 October 2014 TECO Energy has entered into a deal to sell its wholly owned TECO Coal plus subsidiaries to Booth Energy Group's Cambrian Coal for...

Royal Bafokeng delays expansion of $992m Styldrift mine in South Africa
21 October 2014 South Africa-based Royal Bafokeng Platinum (RBPlat) said the $992m expansion of its new Styldrift mine could be delayed by six months due to issues with shaft...

Glencore’s Koornfontein coal miners strike over inadequate compensation
21 October 2014 Around 500 mine workers at Glencore's Koornfontein coal mine in South Africa have gone on a strike due to inadequate compensation offered by the company for the planned job...

India to e-auction 74 coal mining licences
21 October 2014 The Indian Government plans to issue an ordinance to allow an e-auction for 74 coal mining licences to private mining companies in the next three to four...

Mexican mine spill releases 11,000t of toxic material in rivers
20 October 2014 Another mine spill has been reported in Mexico, which has poured around 11,000t of toxic material into the country's...

Vale to lower stake in Indonesian mining unit to extend operations
20 October 2014 Brazilian mining giant Vale's Indonesian subsidiary PT Vale Indonesia has signed a Contract of Work (CoW) with the Indonesian Government to extend its operations in the country to...

Australian Greens urge Rex Minerals to reveal uranium deposit information
20 October 2014 Australian green political party The Greens has demanded Rex Minerals to release documents related to uranium deposits at its open pit copper mine in York...

Deals this week: Alcoa, Prophecy Coal, Dominion Diamond and more
17 October 2014 Through Alcoa World Alumina and Chemicals (AWAC) Alcoa has entered into an agreement to sell its stake in the Jamalco bauxite mining and alumina refining joint venture to Noble Group for...

Allied Nevada’s Hycroft mine mill expansion in US to cost additional $66m
17 October 2014 US-based metals miner Allied Nevada Gold has revealed the results of the prefeasibility study (PFS) carried out in May which found that the Hycroft mine's mill expansion would cost an...

London Mining hit by Ebola outbreak and goes into administration
17 October 2014 UK-based London Mining, which had been operating the Marampa mine in Ebola-hit Sierra Leone, has gone into administration after being hit by falling prices of iron ore, rising debts and the...

MMX Mineracao seeks bankruptcy protection in Brazil
16 October 2014 Brazil-based iron ore producer MMX Mineracao & Metalicos' subsidiary, MMX Sudeste Mineracao, has filed for bankruptcy protection from creditors in a Belo Horizonte...

MMG to invest $3bn in Las Bambas copper mine construction in Peru
16 October 2014 China-based mining firm MMG is planning to invest between $2.7bn and $3.2bn in completing the construction of its Las Bambas copper mine in...

X2 Resources secures a further $1bn of funds to expand mining business
16 October 2014 A new mining venture started by former Xstrata CEO Mick Davis, X2 Resources, has secured another $1bn from...