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October 2014

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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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

Weir to expand mining services through $220m acquisition of Trio
15 October 2014 Scotland-based engineering firm Weir Group has signed a deal with Kuala Lumpur-based private equity firm Navis Capital to purchase Trio Engineered Products, a Chinese-American mining services...

Local authorities in Kenya plan new mining taxes despite government opposition
15 October 2014 Local authorities of Kwale, Lamu and Taita Taveta located along the coastal areas of Kenya have proposed to levy new mining taxes, despite opposition from central...

The mining industry needs more automation to be competitive: survey
15 October 2014 The mining industry needs to automate much of its operations in order to be competitive in the market, according to a survey by Hall & Partners Open...

Burundi Government opens new nickel mine
14 October 2014 The Government of Burundi has opened a new nickel mine in the Musongati region of the...

Freeport to resume operations at Indonesian mine after fatal accident
14 October 2014 Freeport-McMoRan has received approval from the Indonesian Government to resume operations at its Grasberg mine in Indonesia, where four workers died in a vehicle collision on 27...

Lanco looks to sell stake in Australia’s Griffin coal mine to reduce debts
14 October 2014 Lanco Infratech is reportedly in talks with investors to sell a stake in its Griffin coal mine in Australia and some road projects, with an aim to reducing its debt of around...

Zambian Government to increase mining royalties in 2015
13 October 2014 The Zambian Government will increase the royalties for open pit copper mines from 6% to 20% and to 8% for underground mines in January 2015, Finance Minister Alexander Chikwanda said in the...

GVK Hancock gets clearance for $10bn Alpha coal project in Queensland
13 October 2014 GVK Hancock has received environmental approval from the Australian authorities for its Alpha coal project in the Galilee Basin in Central...

BHP-Mitsubishi alliance opens Caval Ridge coal mine in Australia
13 October 2014 A 50:50 joint venture between BHP Billiton and Mitsubishi Development, BHP Billiton Mitsubishi Alliance (BMA), has opened its new $3.4bn Caval Ridge metallurgical coal mine in central...