News Archive
Archive of industry news from the global mining industryNews By Date
February 2012
Top
Rio Tinto to spend $3.4bn on iron ore expansion in Australia
Rio Tinto will spend an additional $3.4bn to expand its iron ore operations in Western Australia's Pilbara...
Glencore may pay double premium for Xstrata merger
Glencore International may need to double the premium it agreed to pay the owners of Xstrata, to complete the mining industry’s biggest...
Thiess wins $1bn mining contract for South Australian project
Thiess, a wholly owned subsidiary of Leighton Holdings, has received a $1bn mining contract from OZ Minerals to extend mining operations at its Prominent Hill Copper and Gold Mine in South...
Glencore-Xstrata deal opposed by shareholders
Two shareholders in Xstrata are planning to vote against a planned takeover by commodities trader...
Rio Tinto report shows potential of automation in mining
A new research report commissioned by Rio Tinto has outlined the benefits and costs of autonomous technology in the mining...
Downer EDI wins mining services contract in Australia
Engineering firm Downer EDI Limited has received a contract to provide mining services for Karara Iron Ore Project in Western...
Glencore to offer 8% premium for Xstrata merger deal
Commodities trader Glencore is set to pay a larger premium than expected to finalise its proposed $88bn merger with global miner...
Claude Resources completes acquisition of St. Eugene Mining
Canadian gold exploration and mining company Claude Resources has completed the acquisition of St. Eugene Mining...
Glencore Xstrata deal could create mining super giant
Glencore, the world's biggest commodities trader, is in talks to buy Swiss mining giant Xstrata in a move that could create a mining group worth...
Deals this week: BHP Billiton, Claude Resources and more….
BHP Billiton has completed its acquisition of the HWE Mining subsidiaries from Leighton...
BHP Billiton approves funding for iron ore port in Australia
BHP Billiton has approved spending of $917m in pre-commitment funding for expansion of its iron ore export harbour at Port Hedland in Western...
Stanmore Coal submits lease applications for transport corridor
Stanmore Coal has submitted two new mining lease applications for a new coal transport corridor in Queensland,...
Vale uncertain about restart of nickel mines in Canada
Brazilian miner Vale said it has not yet decided upon a specific date to restart production at eight mines in Ontario, Canada, following temporary closure of mining...
BHP Billiton divests stake in Richards Bay Minerals
BHP Billiton has exercised an option to sell its 37% interest in Richards Bay Minerals (RBM) to partner Rio Tinto for an undisclosed...
Westmoreland coal completes Kemmerer mine acquisition
Westmoreland Coal Company has completed the acquisition of Chevron Mining’s Kemmerer coal mine located in Wyoming, US for a total consideration of...
Guildford Coal wins licence for South Gobi project
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...
January 2012
Top
Coalspur completes BFS on Vista coal project in Canada
Coalspur Mines has completed a bankable feasibility study (BFS) at its Vista Coal Project in Alberta,...
L&L to acquire 51% stake in the Weishe coal mine
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...
Gold Dynamics Corp forms alliance with Thomas Mining
Gold Dynamics Corp has formed an alliance with Thomas Mining Properties (TMP) to evaluate potential gold and precious metal projects in...
Sirius to raise funds for UK potash drilling project
Sirius Minerals will raise £50m through a share placing to speed up the drilling programme at a new potash mine between Whitby and Scarborough in the...
GoldSands signs JV agreement with Mineros
GoldSands Development Company has signed a mineral rights option as well as a joint venture agreement with Colombia-based...
Liberty Silver begins drilling at US silver prospect
Liberty Silver Corp has begun its drilling programme on the Trinity Silver property located in Nevada,...
Deals this week: Global Advanced Metals, Dalradian Resources, Bear Mining Corp and more….
Global Advanced Metals (GAM) has completed its $400m acquisition of the tantalum processing arm of Cabot Corp, which was first announced in August...
Kinder Morgan and Arch Coal to expand US coal terminal network
Kinder Morgan Energy Partners (KMP) said it will invest a total of $140m to expand its coal-handling facilities along the US Gulf...
Rio Tinto acquires majority stake in Ivanhoe Mines
Rio Tinto has acquired a majority stake in Ivanhoe Mines for a total consideration of C$302m...
Pan American Silver to acquire Minefinders Corp for C$1.5bn
Canada-based Pan American Silver Corp has agreed to acquire Minefinders Corporation for a total consideration of C$1.50bn...
London Mining launch equity offering to develop Marampa mine
London Mining plans to raise $90m through an ordinary share offering to increase development and production at the Marampa iron ore project in Sierra...
Peabody Energy to extend its Colorado coal mine
Peabody Energy is planning to extend its Twentymile Coal Mine in Colorado,...
NBR signs JV for Canadian gold-platinum property
North Bay Resources (NBR) has formed a joint venture (JV) with Devlin's Bench Mining and P Wright Contracting (PWC) to jointly operate the Monte Cristo Property in British Columbia's Lillooet...
FAM gets positive metallurgical results for Bolivian project
Ferrum Americas Mining has received positive results from preliminary magnetic separation metallurgical test work at its Cerro Rojo iron ore project in eastern...
Newmont Mining plans to expand gold mines in Canada
Gold producer Newmont Mining Corp is going to expand new gold mines located in the Kitikmeot region of Nunavut,...
Deals this week: Rio Tinto, Ferrous Resources, Glencore and more…
Global miner Rio Tinto is free to take control of Ivanhoe Mines, after Ivanhoe recommended scrapping its shareholder rights...
Finning acquires Caterpillar distribution business unit
Finning International has reached an agreement with Caterpillar to acquire part of its distribution and support business functions for...
Comstock Mining secures permit for US drilling programme
Comstock Mining has received a reclamation permit for an exploration drilling programme in the...
Navaho Gold intersects gold assays at US mine
Navaho Gold has discovered elevated gold intercepts at the Rose mine project in Nevada,...
Visualization Sciences Group launches core analysis software
Visualization Sciences Group (VSG) has released version 7 of Avizo Fire, a 3D visualization and analysis software for digital rock physics and core...
Franklin Mining, Bolser sign agreement for Bolivian mine project
Franklin Mining has finalised a six-month agreement with Bolser to provide civil and mechanical works for the Escala mine project located in Potosí,...
Afferro Mining to divest iron ore project in Liberia
Afferro Mining has received final approval from the TSX Venture Exchange to divest its stake in the Putu iron ore project, located in...
Capstone awards contract for feasibility study to AMEC
Capstone Mining's subsidiary has awarded a contract to AMEC for the preparation of a feasibility study for its Santo Domingo Iron Oxide-Copper-Gold project located in...
AXG Mining signs options agreement with Lara Exploration
AXG Mining has signed option agreements with Lara Exploration for the exploration of copper, gold and molybdenum porphyry projects in the Andahualyas Yauri mineral field located in south...
Fortescue Metals resumes mining at storm-hit Pilbara mines
Fortescue Metals Group has resumed operations at its cyclone-hit mines located in Pilbara, Australia, the company has...
Rio Tinto completes Hathor Exploration acquisition
Rio Tinto, through an indirect wholly owned subsidiary, has acquired uranium mining company Hathor...
Deals this week: Teck Resources, Sinofert Holdings and more…
Canadian diversified mining company Teck Resources has agreed to acquire SilverBirch Energy Corp for about...
Exxaro plans to acquire African Iron for $349m
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...
KPMC buys 20% stake in Inmet's Copper project
Korea Panama Mining Corp (KPMC) will buy a 20% equity interest in Cobre Panama copper project located in...
Karara Mining awards tailings management contract to Bis Industries
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
P&H Joy Mining Equipment is planning to set up a $25m manufacturing and servicing facility in West Bengal,...
Amarc Resources expands gold discovery area in Canada
Amarc Resources has confirmed that Newton bulk tonnage gold discovery in south-central British Columbia, Canada, is open to expansion in several...
NLC to invest $7.6bn in increasing mining production
India-based Neyveli Lignite Corporation (NLC) said it will invest $7.6bn in ramping up its mining production capacity to 45Mtpa by...
Gold One completes acquisition of Rand Uranium
Gold One International has completed the acquisition of Rand Uranium for...
Goldcorp gains approval for $3.9bn El Morro project in Chile
Goldcorp's board of directors have approved the construction of the El Morro Project in northern...
US mines killed 21 coal miners in 2011, reports MSHA
The Mine Safety and Health Administration (MSHA) have reported that 21 coal miners died in various mine accidents across the country last...
US to levy mining ban near Grand Canyon
The US Interior Secretary Ken Salazar is expected to finalise a 20-year ban on new mining claims made on public land surrounding the Grand...
Deals this week: Codelco, Eurasian Natural Resources, Xinergy and more...
Codelco has exercised an option to purchase a 49% equity interest in Anglo American's mining assets in south Chile for...
NMDC drops bid to acquire US coal mine
Indian state-controlled mineral producer NMDC has dropped its bid to acquire the Tacoa coal mine in the...
Moly Mines enters strategic alliance with China Development Bank
Moly Mines has inked a preliminary deal with China Development Bank (CDB) for a strategic alliance to finance its new mining...
Adroit Resources and Forage Perfection sign diamond drilling contract for Canadian prospect
Adroit Resources has signed an agreement with Forage Perfection for a 4,000m diamond drill contract at Little Pigeon Lake section prospect in northern Ontario,...
Zuari-Mitsubishi JV buys 30% stake in Fospac
MCA Phosphates, a Singapore-based joint venture (JV) between Zuari Industries and Mitsubishi Corporation of Japan, has acquired a 30% stake in Fosfatos del Pacifico (Fospac) of Peru for a...
Sino Prosper to acquire stake in Chinese gold mining firm
Sino Prosper State Gold Resources has signed an agreement with Guizhou Qianxi'nan Prefecture Longyu Mining to acquire a majority stake in the...
Turkish mine accidents killed 79 miners in 2011, reports the MMO
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...
Zhaojin Mining to acquire majority equity interest in Baicheng Xian Dishui
Zhaojin Mining Company has unveiled plans to acquire the majority equity stake in Baicheng Xian Dishui Copper Mine Development...
December 2011
Top
Perseus Mining increases resource estimate at Ghanaian gold mine
Perseus Mining have announced a 954,000oz increase in measured and indicated (M&I) mineral resources at its Edikan Gold Mine (EGM), located in...
Season's Greetings from the editorial team
We will be taking a short break over the holiday season. Our daily news service will return in full on 3...
Leighton Contractors wins contract extension at Australian coal mine
Leighton Contractors has been awarded a one-year contract extension for providing mining services at the Dawson Mine in Central Queensland,...
Anglo American commissions iron ore mine in South Africa
Anglo American has commissioned its new 9Mtpa Kolomela iron ore mine in South Africa's Northern Cape and the mine has shipped its first product of 100,000t of iron ore lump from the port...
Peabody Energy completes acquisition of Macarthur Coal
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
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...
Yanzhou, Gloucester Coal in merger deal
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...
Nalco to acquire 25% stake in MEC Coal
Aluminium producer National Aluminium Company (Nalco) has said that it plans to acquire around a 25% equity stake in MEC Coal by March...
Eldorado Gold to acquire European Goldfields for $2.4bn
Eldorado Gold Corp has agreed to buy European Goldfields for about C$2.5bn...
Xstrata Copper completes base metal mine expansion in Canada
Xstrata Copper has completed the expansion of Kidd Mine in Northern Ontario, Canada, at an estimated cost of C$120m...
Peabody Energy increases production at Australian coal mines
Peabody Energy is increasing seaborne coal volumes at its Wilpinjong and Millennium mines in Australia, following expansion of the...
Glencore buys 80% stake in Rosh Pinah Zinc
Glencore International has acquired an 80.08% stake in Rosh Pinah Zinc Corporation, a zinc and lead miner in Namibia, for an undisclosed...
Deals this week: Caterpillar, Shandong Gold, Hecla Mining and more...
US-based heavy machinery maker Caterpillar will sell part of its Bucyrus distribution business for about $360m to the industrial division of Malaysia's Sime...
Rio Tinto wins arbitration ruling against Ivanhoe Mines
Rio Tinto has won an arbitration ruling against Ivanhoe Mines, which took a poison pill defence to prevent an unwanted...
Bridon’s new UK rope manufacturing unit to open next year
UK-based Bridon International’s new manufacturing unit, which will produce multi-strand ropes for the mining industry, is expected to be operational by the end of...
Mining Technology launches major mining survey
To understand what our readers view as the most important business issues for 2012–2013, mining-technology.com is launching a major industry survey covering all its readers...
Kalgoorlie Mining ramps up production at Australian gold mine
Kalgoorlie Mining Company has ramped up production at the Bullant Gold Mine located northwest of Kalgoorlie in Western Australia, as it moves into the next phase of...
BHP to divest stake in South African coal mine
Global mining company BHP Billiton said it will sell an 8% stake in its South African coal unit to a consortium led by the Pembani Group for an undisclosed...
Coal India to complete GPS system installations this month
State-controlled Coal India has announced that it will complete the installation of GPS-based movement tracking systems at 11 Indian mines later this...
Affero Mining to divest stake in Liberian iron ore project
Affero Mining has unveiled plans to divest its 38.5% stake in the Putu iron ore project located in Liberia to Lybica Holdings for...
Whitehaven Coal to acquire Aston and Boardwalk for $2.77bn
Whitehaven Coal has agreed to buy Aston Resources and Boardwalk Resources in a deal valued at...
FDG Mining begins drilling at Nicaraguan concession
Canadian based FDG Mining has begun the first phase of the drilling programme on its Topacio concession located in east central...
Peabody Energy acquires equity stake in Winsway Coking
Peabody Energy has acquired a 5.1% stake in China-based Winsway Coking Coal for an undisclosed...
Deals this week: Vedanta Resources, Kalahari Minerals, Zhong Zhu Holding and more
Diversified mining company Vedanta Resources has completed the acquisition of a majority stake in Cairn India for a total value of...
REM shortage to 'seriously' affect manufacturing industry
The shortage of minerals and metals is expected to affect seven core manufacturing industries and disrupt the entire supply chain, according to a new research report by...
Glencore completes Umcebo stake sale
Glencore International has completed the acquisition of a 43.66% equity interest in South Africa-based coal mining business Umcebo...
Vedanta to complete $11.67bn smelting expansion project in 2012
Vedanta Resources subsidiary Vedanta Aluminum has unveiled plans to complete its smelting capacity expansion project by...
Ormonde Mining JV begins expansion work at Zamora gold project
Ormonde Mining and its joint venture (JV) partner Aurum Mining have commenced its expanded drilling programme at its Zamora gold project in western...
KGHM Polska Miedz to buy Quadra FNX Mining for $2.84bn
Polish copper miner KGHM Polska Miedz will acquire Canada's Quadra FNX Mining for about...
Hiap Teck subsidiary wins iron ore mining concession in Malaysia
Hiap Teck Ventures (HTV) subsidiary Eastern Steel has unveiled a 600ha mining concession for iron ore in the Bukit Besi area of Terengganu,...
Universal Bioenergy signs deal for coal mine acquisition
Universal Bioenergy has signed an agreement to acquire the Whitesburg Friday Branch Mine for an undisclosed...
Ruby Creek completes mining asset acquisition in Tanzania
Gold exploration and mining company Ruby Creek Resources has completed the acquisition of Gold Standard Tanzania’s assets, which are located adjacent to its Gold Plateau...
Kinross Gold reaches agreement with Ecuador Government
Canada-based Kinross Gold Corporation has reached a non-binding agreement with the Government of Ecuador for the Fruta del Norte (FDN) deposit located in Zamora Chinchipe...
Padbury Mining JV begins drilling at Australian prospect
Padbury Mining and joint venture (JV) partner Aurium Resources has commenced drilling at Peak Hill Iron Project’s Mt Padbury prospect in Western...
Xanadu Mines reports initial maiden coal estimate at Mongolian prospect
Xanadu Mines has reported an initial indicated and inferred resource of 170Mt of coal at its Galshar Coal project in Dornogovi province of eastern...
Evolution Mining wins mining lease for Mt Carlton project in Australia
Evolution Mining has received a 25-year mining lease for its Mt Carlton gold-silver-copper project in...
Whitehaven and Aston plan merger
Australia-based coal mining companies Whitehaven Coal and Aston Resources are currently negotiating a planned corporate...
London Mining begins production at Sierra Leone mine
London Mining has started production of iron ore from its Marampa operation in Sierra...
Marcventures Holdings subsidiary signs nickel ore sales contract
Philippines-based Marcventures Holdings' subsidiary Marcventures Mining and Development Corp has signed an agreement to sell nickel laterite ore to Dunfeng...
Rio Tinto wins bid to acquire Hathor Exploration
Rio Tinto has won a 70.21% stake in uranium exploration company Hathor Exploration, based in Vancouver, Canada, for a total sum of $A627m...
Xanadu Mines wins mining licence for Mongolian coal project
Xanadu Mines has secured a mining licence for the Khar Tarvaga Coal Project in the Tov Province, Eastern...
Atacama Minerals to raise funds in private placement
Atacama Minerals Corp has signed an agreement with a syndicate of underwriters led by Cormark Securities to raise $50m in private placement...
TNG secures copper exploration licence in Northern Territory
Australian firm TNG has secured a new exploration licence in the Northern Territory, expanding its copper exploration...
Deals this week: BHP Billiton, Rio Tinto, Glencore and more
BHP Billiton plans to sell all or part of its diamond assets, which include the Ekati mine in Northern...
Putra Perkasa bags mining contract for Indonesian coal project
Kangaroo Resources' subsidiary PT Mamahak Coal Mining has signed a five-year mining contract with PT Putra Perkasa Abadi for the Mamahak project in...
Liberty Mines to renovate TSF at Canadian project
The Ontario Ministry of Natural Resources has approved a proposal from Liberty Mines to renovate its Redstone Mill tailing storage facility (TSF) in Ontario,...
Extract Resources' subsidiary bags mining licence for Namibian project
Extract Resources' subsidiary Swakop Uranium has received a mining licence for the Husab uranium project from Ministry of Mines and Energy of...
Vale to invest $21.4bn for 2012 operations
Vale's board of directors has approved a $21.4bn investment budget for its operations in...
K+S to invest $3.1bn for Canadian potash project
German firm K+S Aktiengesellschaft has approved capital expenditure of C$3.25bn ($3.1bn) for the Legacy potash project in the Saskatchewan province of...
Highland Gold receives construction permit for processing plant
Highland Gold has received approval for the construction of a stand-alone gold processing plant at the Belaya Gora project from the Russian...
Pan African starts platinum production at South African project
Pan African has produced first platinum group metal (PGM) concentrate from its chrome tailings retreatment plant (CTRP) at the Phoenix platinum project in South Africa, two months ahead of...
November 2011
Top
Chinese province to invest $2.81bn for mineral exploration
The government of the Qinghai province in northwest China is planning to invest about CNY18bn ($2.81bn) to explore its mineral resources over the next five...
Amarillo Gold completes PFS for Brazilian gold deposit
Amarillo Gold has completed a pre-feasibility study (PFS) on its Posse gold deposit in the Mara Rosa gold project in Goias,...
Ma'aden to receive $1bn financing for Saudi Arabian aluminium project
Ma'aden subsidiary Ma'aden Bauxite and Alumina, has signed a financing agreement worth $1bn with the Public Investment Fund (PIF), for the second phase of its aluminium project in Saudi...
Canadian, Indian firms to develop iron ore deposits in Afghanistan
The Government of Afghanistan has awarded mining rights to Canadian and Indian firms for the development of blocks of the Hajigak iron ore concession in central...
Nautilus Minerals increases resources at PNG project
Nautilus Minerals has increased its resource estimate at its Solwara 1 project located in the Bismarck Sea of Papua New Guinea (PNG), through completion of an exploration drilling...
CRTX to start operations in China
Chinalco Rio Tinto Exploration (CRTX) has received approval from the Industrial and Commercial Administration of China to explore mineral deposits in the...
Madhucon bags EPC contract for Indian project
Bharat Coking Coal has awarded an engineering, procurement and construction (EPC) contract worth INR4.22bn ($79m) to Madhucon Projects for an Indian coal...
MMK to acquire Flinders Mines
Magnitogorsk Iron and Steel Works (MMK) will acquire 100% shares of Flinders Mines for a total value of A$554m...
Dundee Precious Metals receives EIA approval for Bulgarian project
Dundee Precious Metals has received environmental impact assessment (EIA) approval from the Bulgarian minister of environment and waters for the Krumovgrad gold project in...
WDR and Xstrata Zinc sign MoU for iron ore export option
Western Desert Resources (WDR) has signed a memorandum of understanding (MoU) with Xstrata Zinc to investigate the feasibility of gaining access to Xstrata Zinc's McArthur River mine...
SANY to supply mining equipment to DTEK
Ukraine-based DTEK has signed a memorandum of understanding (MoU) with Chinese firm SANY Heavy Equipment to supply mining equipment and coal extraction technologies to...
Anglo American delivers first copper production from Chilean project
Anglo American has delivered the first copper production from its Los Bronces expansion project in central...
Goldplat receives mining lease for Kenya project
UK-based Goldplat has received a 21-year mining lease for its Kilimpesa gold mine from the Kenyan Minister for Environment and Mineral...
TNG completes PFS on Mount Peake project
Australian firm TNG has completed a pre-feasibility study (PFS) on its Mount Peake iron-vanadium-titanium project in Northern Territory,...
Deals This Week: MMK, Mitsubishi, PTBA and more...
Magnitogorsk Iron & Steel Works (MMK) has made an offer to acquire all the shares of Australian firm Flinders Mines for A$554m...
Canwealth, ICBS and Bayport form new mining venture in the US
Canwealth Minerals, ICBS and Bayport Corporation have formed a mining joint venture named Goldshore Mining to drill for gold and rare earth elements in the US state of...
Lonrho recovers 53.25 carat diamond at Angola project
Lonrho Mining has recovered a 53.25 carat diamond from its Lulo project located about 150km west of the Catoca diamond mine in...
Vale to invest $6bn for Mozambique coal mine expansion
Vale's board has approved the expansion of the Moatize coal project in Mozambique, with an investment of...
Siburan Resources enters JV to acquire PNG mining assets
Australian gold and uranium exploration company Siburan Resources (SBU) has entered into a joint venture (JV) agreement with RH Resources to acquire mineral exploration and mining tenements...
Hastings completes scoping study of Australian rare earth project
Hastings Rare Metals has completed scoping study on its Hastings Heavy Rare Earth project located in the Kimberley region of western...
Silver Falcon Mining seeks bids for drilling at Sinker Tunnel
Silver Falcon Mining is seeking bids for its planned underground exploration drilling programme, which will begin early next year at its Sinker Tunnel in Idaho,...
Royal Energy secures US consent for rare earth property
Royal Energy Resources has secured consent from the state board of Wyoming for an all-out lease of 2,100 acres of the Crook County Rare Earth...
ABB secures mine hoist order from Xstrata Zinc
Power and automation technology group ABB has secured a $24m contract from Xstrata Zinc to design, supply and commission ore hoisting equipment for its George Fisher Mine (GFM) located...
ICVL plans JVs for US mining companies
International Coal Ventures (ICVL) has discussed forming alliances with small and medium-sized mining companies to explore the mineral-rich region of Virgina in the...
Outotec bags contract for Chinese copper plant
Guangxi Jinchuan Non-Ferrous Metals has received a contract from Outotec to design and deliver a copper production plant to be built in the Fangchenggang port area near Bei Hai in southern...
China signs contract to explore the Indian Ocean
The China Ocean Mineral Resources Research Development Association has signed a 15-year contract with the International Seabed Authority (ISA) to conduct exploration activities in the Indian...
Guyana Goldfields receives mining licence for Guyana gold project
Canadian firm Guyana Goldfields has signed a mineral agreement with the Government of Guyana and has received a mining licence for its Aurora gold...
AuRico starts pre-production work at Canadian mine
AuRico Gold has started pre-production development work at the Young-Davidson open pit mine in Ontario,...
Rio Tinto to close aluminium smelter in north-east England
Rio Tinto's subsidiary Rio Tinto Alcan is planning to close its Alcan Lynemouth aluminium smelter in Northumberland,...
India and British Columbia sign MoU for mining cooperation
The Indian Ministry of Mines has signed a memorandum of understanding (MoU) with the Ministry of Energy & Mines of British Columbia Province for the promotion of mining and geoscience...
MACA's subsidiary secures mining contract for Australian project
MACA's subsidiary Mining & Civil Australia has received a 21-month mining services contract from Kimberley Diamonds for the Ellendale project in Western...
SKM selects Intergraph's enterprise solutions for mining projects
Engineering and project delivery firm Sinclair Knight Merz (SKM) has selected Intergraph's SmartPlant Enterprise solutions to provide integrated engineering and project delivery capability...
Deals this week: NMDC, Rio Tinto, ENK and more...
Indian firm NMDC is planning to acquire mines in Brazil and the US by using its cash reserves of Rs190bn...
Shandong Gold eyes Jaguar Mining for $1bn
Shandong Gold Group has made an offer to acquire Brazilian firm Jaguar Mining for $1bn by paying $9.30 per share in...
BHP approves investment to develop Australian mine
BHP Billiton's board has approved an $822m investment for the development of the Orebody 24 mine, located about 10km north-east of Newman, Western...
Firestone selects AmmLeach process for Guatemala project
Firestone Ventures has selected Alexander Mining's AmmLeach processing method for its Torlon Hill project in...
Dumas and Monnis form strategic alliance in Mongolia
Canadian firm Dumas Contracting and Mongolia-based Monnis International have entered into a strategic alliance to carry out mining contracts in...
SML completes drilling at Australian magnetite prospect
Strategic Minerals (SML) has completed 3,588m of reverse circulation and 864m of diamond drilling at the Iron Glen magnetite prospect in Queensland,...
Burnstone receives drilling permit for US copper-moly project
Burnstone Ventures has received the necessary permits to conduct a drilling programme on the Tomichi copper-moly project in south-central Colorado,...
General Moly completes PFS on Liberty project
General Moly has completed an updated pre-feasibility study (PFS) on its Liberty project located in Nevada,...
Gold Corp to begin construction of $1.4bn Canadian gold project
Gold Corp has received a certificate of authorisation from the Quebec Minister of Sustainable Development, Environment and Parks for the construction of the $1.4bn Éléonore gold project in...
Riedel Resources receives exploration licence in Western Australia
Riedel Resources has received the Charteris Creek exploration licence 45/2763 located in the Pilbara region of Western...
Gowest Gold completes PEA on Canadian project
Gowest Gold has completed the preliminary economic assessment (PEA) on its Frankfield East Gold deposit located in the North Timmins gold project in...
Orion Metals identifies rare earth targets at Australian project
Orion Metals has received the preliminary results of the aeromagnetic-radiometric survey conducted on the Killi Killi rare earth project in the Northern Territory,...
JSPL to develop Bolivian Iron ore mines
Jindal Steel & Power (JSPL) plans to invest $600m in the development of the El Mutun iron ore mines in Bolivia over the next six...
Caterpillar to expand operations in Indonesia and the US
Caterpillar is planning to build a new mining truck facility in Indonesia and invest $640m in the expansion of its facilities in the...
Noble Minerals receives environmental permit for Ghana project
Noble Mineral Resources has received an environmental permit from the Ghana Environmental Protection Agency for the Bibiani gold mine in western...
IVRCL secures contract for copper project in India
IVRCL Consortium has received a Rs11.76bn ($235m) contract from Hindustan Copper for the development of an underground mine at Malanjkhand copper project in Madhya Pradesh,...
Caterpillar to acquire mining machinery firm in Hong Kong
Caterpillar has made a preconditional offer to acquire all issued shares of ERA Mining Machinery of Hong Kong for an estimated value of HK$6.8bn...
Gustavson to conduct scoping study at US rare earth project
Texas Rare Earth Resources has contracted Gustavson Associates to conduct a scoping study at the Round Top rare earth project in Texas,...
Mitsubishi acquires stake in AAS for $5.39bn
Mitsubishi has completed the acquisition of Anglo American's 24.5% interest in Anglo American Sur (AAS) for...
Denham Capital and Pangea form new African mining firm
US-based private equity firm Denham Capital has committed $200m to start a new African mining venture in partnership with South Africa's Pangea...
Great Western, TKS to develop Tanzanian copper project
Great Western Exploration has entered into a head of agreement with Kazakhstan's national mining firm Tau-ken Samruk (TKS), to develop the Spasskaya copper...
M3 Engineering bags EPCM contract for US copper project
M3 Engineering has received a engineering procurement and construction management (EPCM) contract from Curis Resources for the first phase of a production test facility (PTF) at its Florence...
Vanadio secures loan facility for Brazilian project
Largo Resources' subsidiary Vanadio de Maracas has received a loan facility of $150m for the development of its Maracas vanadium project in...
Deals This Week : Glencore, Dragon Mountain Gold, Zijin Mining and More...
Glencore has signed a deal to acquire Mercuria's 15% stake in South African firm Optimum Coal Holdings in its drive to acquire the whole company, worth around...
Alcoa approves second phase of Canadian aluminium project
The Quebec Government and aluminium producer Alcoa have approved the next phase of the five-year, $2.1bn investment plan for the overhaul of the Baie-Comeau, Deschambault and Becancour smelters...
Stanmore Coal completes PFS on Australian project
Stanmore Coal has completed a pre-feasibility study (PFS) on its Range project located in Surat Basin in Queensland,...
Outotec to provide process solution to Chilean project
Quadra FNX Mining has awarded a €26m contract to Outotec for the design and delivery of a process solution for the new copper-molybdenum concentrator at the Gorda project in Sierra Gorda,...
Hambledon Mining commences mining at Kazakhstan project
Hambledon Mining has commenced underground mining operations at the Sekisovskoye gold project in eastern Kazakhstan, one month ahead of...
Kazakhstan to start gold refinery construction in 2012
Kazakhstan is planning to start construction of the third gold refinery in 2012, in order to process the precious metals in the...
Padbury and Aurium receive drilling approval for Australian prospect
Padbury Mining and joint venture partner Aurium Resources have received approval for drilling of iron mineralisation targets at the Peak Hill iron project"s Mt Padbury prospect in Western...
Origo and Trafigura form JV for Mongolian operations
Origo Partners and Trafigura Beheer have formed a joint venture (JV) to invest in coal and iron ore operations in...
Scotia bags EPCM contract for US vanadium project
Scotia International has received an engineering, procurement and construction management (EPCM) contract from American Vanadium for its Gibellini vanadium project in Nevada,...
Hitachi to set up mining equipment plant in Japan
Hitachi Construction Machinery is planning to build a mining equipment factory in...
Anglo American to acquire stake in DB Investments and De Beers
Anglo American has entered into an agreement with CHL and Centhold International to acquire its 40% interest in DB Investments and De Beers for a total value of...
Gujarat NRE receives approval for Wongawilli mine expansion
Gujarat NRE has received approval from the New South Wales Planning Assessment Commission for its $62m upgrade and expansion plans at the NRE Wongawilli mine west of...
Sandfire to supply direct shipping ore to MRI Trading
Sandfire Resources has entered into a sales contract with MRI Trading to purchase 50% of direct shipping ore from the DeGrussa copper-gold project in Western...
Chalice Gold and Eritrean Government sign mining agreement
Chalice Gold Mines' joint venture firm Zara Mining Share (ZSMC) has signed a mining agreement with the Government of Eritrea for the financing and development of the Koka gold mine at the...
Katanga SPRL secures mining services contract for DRC project
Katanga SPRL has received a mining services contract for the development of the pit cut-back at the Dikulushi copper-silver project in the Democratic Republic of the Congo...
RCR secures EPC contract for Solomon iron ore project
RCR Tomlinson has received an engineering, procurement and construction (EPC) contract from Fortescue Metals Group for the Solomon iron ore project in Western...
Aurcana receives all permits for Shafter silver mine
Aurcana has received the final water discharge permit for its Shafter Silver mine in Texas, US, allowing the mine to increase operations from 900t a day to 1,500t a...
Chinese consortium to build zinc smelters in Bolivia
Chinese consortium Henan Yuguang International Economic & Technical Cooperation will construct two zinc smelters in the regions of Oruro and Potosi in...
Rio Tinto to purchase mining trucks from Komatsu
Rio Tinto has signed a deal with Japanese firm Komatsu to purchase a 150-strong fleet of driverless trucks over the next four...
Norilsk Nickel to expand exploration activities
Russian firm Norilsk Nickel is planning to invest $300m in its exploration activities around the...
Deals this week: Anglo American, Bakrie & Brothers, Marubeni and more...
Anglo American has entered into an agreement with CHL and Centhold International (CIL) to acquire their 40% interest in DB Investments and De Beers for a total cash consideration of...
BHP to develop and expand Australian coal mines
BHP Billiton's board has approved the development of the Caval Ridge mine project and the expansion of the Peak Downs mine located in the Bowen Basin of Queensland,...
Borneo Lumbung to acquire stake in Bumi for $1bn
Indonesian firm Bakrie & Brothers is planning to sell a 23.8% stake in coal producer Bumi to Borneo Lumbung Energi for...
CEPT JV secures EPC contract in Australia
The Cloudbreak Enhancement Project Team (CEPT) joint venture (JV), comprising AMEC and KAGC, has received a £160m engineering, procurement and construction (EPC) contract for the ore handling...
FCX approves second phase expansion of DRC project
Freeport-McMoRan Copper & Gold's (FCX) board has approved the second phase of expansion at the Tenke Fungurmue project in the Democratic Republic of Congo...
Aveng Moolmans bags mining contract for South African mine
African firm Aveng Moolmans has been awarded an open pit mining contract worth R1.35bn ($167m) for the Tshipi Borwa manganese mine project in South...
Bid Co to acquire Grand Cache Coal
Japanese firm Marubeni and China's Winsway Coking Coal's joint venture Alberta Corporation (Bid Co) has entered into a definitive agreement to acquire all the shares of Canadian firm Grande...
Western Potash completes PFS on Canadian project
Western Potash has completed a prefeasibility study (PFS) on the Milestone project in southern Saskatchewan,...
Sudan signs contracts for gold exploration
The Government of Sudan has signed contracts with 50 firms to explore for gold in the...
Solid Energy to develop Reddale mine
New Zealand-based Solid Energy is developing the Reddale opencast mine near Reefton, to start coal supply to West Coast and upper South Island customers in early...
Nantou Mining receives exploration permits renewal in Burkina Faso
Blackthorn Resources subsidiary Nantou Mining has received a three year renewal for its Seboun and Sepaogo exploration permits in Burkina...
Anglo American to invest $15bn for Australian coal operations
Anglo American is planning to expand its coal operations in Australia over the next eight years with an investment of up to...
Codelco to acquire stake in Anglo American Sur for $9.76bn
Corporación Nacional del Cobre de Chile (Codelco)'s board has agreed to exercise its right to acquire up to 49% of Anglo American Sur in January 2012 for about...
October 2011
Top
Chinese coal mine explosion kills 29 miners
A gas explosion at Xialiuchong coal mine in China has killed 29...
TRE JV to develop Buckreef project in Tanzania
Tanzanian Royalty Exploration (TRE) has signed a joint venture (JV) agreement with the Tanzanian federal government to develop the Buckreef gold mine...
Foster Wheeler and GE Energy to provide mining solutions to South America
Foster Wheeler Chile and GE Energy have signed a memorandum of understanding (MoU) to provide mining solutions to the South American mining...
Energy Fuels receives EPA approval for uranium mill
Energy Fuels has received approval from the US Environmental Protection Agency (EPA) to construct tailings impoundment and evaporation pond facilities for the Piñon Ridge uranium and vanadium...
Mechel launches ferronickel production complex in Russia
Mechel’s subsidiary Southern Urals Nickel Plant has started construction of an experimental industrial complex in Orsk, Russia, to produce ferronickel through electric...
EDB to provide funds for Kazakhstan project
The Eurasian Development Bank (EDB) has allocated $150m to fund Altynalmas Gold’s gold production project in the Akbakai ore field, Zhambyl Oblast,...
Deals this week: JSW Steel, Bumi Resources, Riverstone and more...
Indian firm JSW Steel is planning to acquire Australian coal miner New Hope, which has been valued at A$5bn...
AMAK to commence Saudi mine operations next month
Saudi Arabian firm Al Masane Al Kobra Mining (AMAK) is expected to commence operations at its new mine next month, following completion of the construction...
Colt Resources receives mining licence for Portugal project
Canada-based Colt Resources has received a mining licenxe from the Portuguese Secretary of State for Energy and Mining for its Boa Fé gold...
UK and South African firms to inject $1bn into Nigerian mining activities
UK-based Savannah Mining, South African firms Equator Minis and VML Resources will invest $1bn to improve mining production in...
Largo Resources receives installation licence for Brazilian project
Largo Resources' subsidiary Vanadio de Maracas has received a final installation licence to begin construction at the Maracas project in...
AGC bags contract for Australian iron ore mine
AusGroup's subsidiary AGC Industries has received a contract to build a low-grade pilot plant at Rio Tinto's Brockman 4 iron ore mine in the Pilbara region, Western...
Faisal Resources secures debt facility for Australian project
Fair Star Resources has secured conditional approval for an A$300m (US$310m) debt facility to speed up the development of the Steeple Hill iron project in Western...
Nimrodel Resources commences scoping study on Botswana project
Australian firm Nimrodel Resources has selected Nightingale Africa Partnership to conduct a scoping study at the Taklamakan project in...
Ur-Energy receives mining permit for US project
Ur-Energy has received a mining permit from the Wyoming Department of Environmental Quality for an in-situ recovery uranium project at Lost Creek, Sweetwater County, Wyoming in the...
Royal Boskalis secures bauxite mining contract in Suriname
Netherlands-based Royal Boskalis Westminster has received a €125m contract from Suralco for bauxite mining in Lelydorp near Paramaribo in the Republic of...
Molycorp provides investment for rare earth processing facility
Rare earth oxides producer Molycorp will invest an additional $114m for the rare earth processing facility, which is under construction at Mountain Pass in California,...
Indo Mines to start construction of iron ore project in Indonesia
Australian firm Indo Mines is planning to start construction of its $1bn iron ore project, located in Java, an island of Indonesia, in December...
Astra Resources to develop Nigerian thermal coal license
Astra Resources has signed a memorandum of understanding (MoU) for a joint venture development of a thermal coal exploration license in...
Macmahon bags contract from Glencore
Macmahon Mining Services has received a contract from Glencore International for a hoisting shaft extension and upgrade at the CSA copper mine in Cobar,...
Rio Tinto to acquire Hathor Exploration
Rio Tinto, through its Canadian subsidiary, has made an all-cash offer to acquire all the common shares of Hathor Exploration for C$578m...
ERAMET and Variscan sign MoU for development of European projects
PlatSearch's subsidiary Variscan Mines has signed a memorandum of understanding (MoU) with ERAMET to assist in the development and construction of new projects in...
Codelco to invest $875m for Chuquicamata mine in Chile
Corporación Nacional del Cobre de Chile (Codelco) will invest $875m in initial works to transform Chuquicamata open-pit mine into an underground...
Eco Ventures and Broken Hills sign exploitation agreement
Eco Ventures Group (EVGI) has signed a mineral exploitation agreement with Broken Hills to recover the precious metals from mine claims in Nevada,...
Rio Tinto to provide $1.3bn fund for Guinean iron ore project
Rio Tinto will provide an additional $1.3bn for the development of the Simandou iron ore project in...
Deals this week: Gunvor Group, New Gold, Karaga and more...
Gunvor Group's subsidiary Pinesdale has acquired one third interest in Signal Peak coal mine, which is jointly owned by FirstEnergy and Boich Companies subsidiaries, for...
Coal of Africa to resume operations at Vele Colliery
The South African Minister of Water and Environmental Affairs has lifted suspension of the integrated water use licence for Coal of Africa's Vele Colliery in the Limpopo...
Mansfield Minerals receives environmental permit for Argentinian mine
Mansfield Minerals has received an environmental permit from the Salta Provincial Government for the development of the Lindero open pit, heap leach gold mine in Salta Province,...
CiDRA bags contract for Anglo America's Chilean mine
Anglo American has awarded CiDRA Minerals Processing a contract to supply SONARtrac process monitoring systems to its Los Bronces development project in...
Sandvik and Shandong Energy form coal mining equipment JV
Swedish firm Sandvik has completed the establishment of a coal mining equipment joint venture (JV) with Chinese firm Shandong Energy...
North Bay to form JV to develop Canadian platinum project
North Bay Resources has signed a memorandum of understanding (MoU) with Devlin's Bench Mining and P. Wright Contracting (PWC) to enter into a joint venture (JV) in order to develop the Fraser...
Gujarat NRE recives approval for Australian mine upgrade
Gujarat NRE has received approval from the New South Wales (NSW) Planning Assessment Commission (PAC) to upgrade its existing infrastructure at the NRE No.1 mine at Russell Vale in NSW,...
IronClad Mining receives MLP approval for Australian project
IronClad Mining has received approval for a mining lease proposal (MLP) from the South Australian Government for its Wilcherry Hill iron ore...
Ma'aden concludes aluminium project second phase funding agreement
Alcoa and Ma'aden's subsidiary Ma'aden Bauxite and Alumina has signed financing agreements worth $991.5m with 13 local and international banks for the second phase of the Ma'aden Alcoa...
Zimplats to invest $1bn in Zimbabwe mine expansions
Zimbabwe platinum miner Zimplats will invest $1bn in the expansion of its mines throughout the...
Rio Tinto to sell its aluminium assets
Rio Tinto is planning to divest its 13 aluminium assets in different countries to allow Rio Tinto Alcan to concentrate on its strategy to grow the value of its tier one assets and improve...
Trevali Mining and Xstrata sign toll milling agreement
Trevali Mining and Xstrata Canada's Xstrata Zinc Canada division have entered into agreements for toll milling and a metal concentrate purchase...
Macmahon and Operta JV secures Mongolian coal mine contract
Macmahon Holdings and German firm Operta's joint venture (JV) has won a contract for coal mining operations at the Tavan Tolgoi mine in...
PT Antam to refine PTAR's gold and silver bullion
G-Resources Group's Indonesian subsidiary PT Agincourt Resources (PTAR) has entered into an agreement with PT Antam to refine gold and silver...
Mitsui to invest in Australian coal mine extension
Japanese firm Mitsui & Co is planning to invest 9.6bn yen ($124m) in the Kestrel mine extension in Queensland, Australia, due to a recent increase in development...
BHP to provide $1.2bn for Olympic Dam project in Australia
BHP Billiton will provide $1.2bn to develop an open pit mine, as part of the first phase of the Olympic Dam project in South...
Peabody and ArcelorMittal receive approval for Macarthur Coal acquisition
Peabody Energy and ArcelorMittal have received clearance from the Ministry of Commerce of the People's Republic of China (MOFCOM) to proceed with the acquisition of Macarthur Coal for...
Codelco to receive $6.75bn in debt finance from Mitsui
Corporación Nacional del Cobre de Chile (Codelco) has entered into an agreement with Mitsui & Company to receive debt finance of up to $6.75bn, which will be utilised for the acquisition of up...
Astra and CRCDS to develop iron sand deposits in Philippines
Astra Resources has signed a memorandum of understanding (MoU) with Cagayan River Construction & Development (CRCDC) to form a joint venture...
Astra Resources receives trading licence for Indian port
Astra Resources has received a trading licence to trade and transport self-mined and third party mined iron ore to Paradip Port in Orissa, India, where it can be...
Nyota Minerals discovers gold in Ethiopia
Nyota Minerals has made three new gold discoveries at the 3,200km2 Northern Blocks, located about 100km north of Tulu Kapi gold project in Western...
Deals this week : ENRC, China Nickel, B2Gold and more...
Eurasia Natural Resources (ENRC) is planning to acquire two million common shares of Shubarkol Komir from Eurasian Industrial for an aggregate value of US$600m and assumed debt of about...
Thor Mining completes feasibility study on Australian project
Thor Mining has completed a definitive feasibility study (DFS) on the Molyhil tungsten and molybdenum project in the Northern Territory,...
Lydian subsidiary receives exploration and mining licence in Georgia
Lydian International's subsidiary Georgian Resource Company has received an exploration and mining licence foran area of gold mineralisation in Guria province of western...
ENRC to acquire stake in Kazakh coal mine
Eurasia Natural Resources (ENRC) is planning to acquire two million common shares of Shubarkol Komir from Eurasian Industrial (EIC) for an aggregate value of $600m and assumed debt of about...
American Bonanza acquires mining fleet for US gold mine
American Bonanza Gold has acquired a mining fleet for the transition to owner-mining at its Copperstone gold mine in Arizona,...
CDB to provide $1.43bn financing for Russian aluminium smelter
China Development Bank (CDB) has signed a deal with Russian state bank VEB to provide $1.43bn project financing for the first stage of UC RUSAL's Taishet aluminium...
Lonrho Mining recovers high-grade diamonds from Angola project
Lonrho Mining has recovered its highest-ever grade of diamonds, ranging up to 6.2 carats, after processing alluvial gravels from the BLK_06 bulk sample of the Lulo project in...
BHP receives EIS approval for Olympic Dam project
The Australian federal government has conditionally approved BHP Billiton's environmental impact statement for the proposed Olympic Dam project in the state of South...
EDMS to merge with Hughes Drilling
Australian firm Everyday Mining Services (EDMS) has entered into a binding agreement to merge with Hughes...
Sudan and Saudi Arabia to start exploration in Red Sea
Sudan and Saudi Arabia are planning to produce large quantities of gold, silver and copper from the Red Sea within three...
Vale launches iron ore distribution centre in Malaysia
Vale has launched its iron ore distribution centre in Perak, Malaysia, and will invest $1.4bn for the first phase of the...
Pisces Exim to expand operations in Asia
Pisces Exim India is planning to expand its operations in India and other Asian countries with an investment of Rs10bn ($199m) over the next two...
UBK Resources to develop Bolivian assets
UBK Resources has entered into a share exchange agreement with UBK Resources S.R.L. Bolivia to jointly explore and develop natural resources in Bolivia, including silver, manganese, zircon...
Selwyn Resources receives environmental approval for Canadian mine
Selwyn Resources has received an environmental permit to reopen the ScoZinc mine near Gays River in Canada from the Environmental Department of Nova...
Delta SBD bags drivage development contract for Australian mine
Delta SBD has been awarded a drivage development contract by Whitehaven Coal for its Narrabri mine in New South Wales,...
Comstock Mining receives drilling permit for US County prospect
Comstock Mining has received a special use permit from the Storey County Board of Commissioners to further develop its exploration drilling in the southern portion of Storey County in Nevada,...
AKR to expand operations in Indonesia
Indonesian firm AKR Corporindo is planning to invest $100m to expand its operations in the country and acquire a coal-mining plant in...
Dia Brass starts mill operations at Mexican property
Dia Bras Exploration has started operations at its new Piedras Verdes mill at the Bolivar Property in Chihuahua,...
Carpathian Gold receives loan to develop Brazilian project
Carpathian Gold has received a project loan facility of $75m from the Macquarie Bank for the construction and development of Riacho dos Machados gold project in...
Deals this week: Sundance Resources, Xstrata Zinc, WPG and more...
International iron ore company Sundance Resources has accepted a $1.47bn takeover bid from Chinese firm Hanlong...
Industrea Mining secures contract from Rio Tinto
Industrea's subsidiary Industrea Mining Services has won a $100m contract from Rio Tinto to supply more equipment to Mt Thorley Warkworth in the Hunter Valley region of New South Wales,...
Essal Mining wins contract for Indian coal mine
Essal Mining has received a contract to carry out mining operations at the Bhubaneswari open cast mine in India from Coal India's subsidiary Mahanadi Coalfields...
Philex Mining to invest $1bn in Philippines project
Philex Mining is planning to invest $1bn in the development of the Silangan project in Surigao del Norte, the...
Santa Barbara Resources receives drilling permit for Peruvian project
Santa Barbara Resources has received a drilling permit for its Sancos project in the Ayacucho Region of...
Sundance Resources accepts $1.47bn offer from Hanlong
International iron ore company Sundance Resources' board has accepted a $1.47bn takeover bid from Chinese firm Hanlong...
URS to conduct environmental study on Twin Metals project
Twin Metals Minnesota has retained URS as the lead environmental consultant for the Twin Metals underground copper, nickel and platinum metals mine project in northern Minnesota,...
Indian Cabinet approves new mining bill
The Union Cabinet of India has approved a new mines and mineral development and regulation (MMDR) bill, which force mining companies to compensate people affected by mining...
Bandanna Energy to start coal export terminal construction at Gladstone
Bandanna Energy is planning to start the construction of the first stage of the Wiggins Island coal export terminal (WICET) at Gladstone, Australia, following completion of its financing...
Shanduka to conduct feasibility review of Lonmin's Limpopo assets
Lonmin, Western Platinum (WPL), Messina and Messina Platinum Mines (MPML) have entered into a conditional share subscription agreement with Shanduka...
European Goldfields secures loan for Greek projects
European Goldfields (EG) has entered into talks with Qatar Holdings for a $600m loan to develop its Skouries and Olympias gold projects in...
CaNickel Mining receives Environment Act licence for Canadian nickel mine
CaNickel Mining has received an Environment Act licence from the Manitoba Government to construct and operate a land-based tailing management area (TMA) at its Bucko Lake mine in Manitoba,...
Thiess bags contract extension for Indonesian coal mines
Bayan Resources has awarded a $500m contract to Thiess Group subsidiary PT Thiess Contractors Indonesia, extending its existing contract by three years for the further development and operation...
EPA to clean up uranium mine in New Mexico
The US Environmental Protection Agency (EPA) has approved a plan to clean up the Northeast Church Rock uranium mine located in the Navajo Nation, New...
Hindustan Copper to expand mining capacity by 250%
Hindustan Copper will invest Rs18.56bn ($367m) to expand its mining capacity by 250% in...
Grande Portage to conduct water baseline studies for US project
Grande Portage Resources has contracted Admiralty Environmental of Alaska to conduct pre-permitting water baseline studies at the Herbert Glacier gold project in Alaska,...
Minmetals to acquire Anvil Mining for $1.28bn
Chinese firm Minmetals Resources has entered into a binding agreement to acquire all common shares of Anvil Mining for a total value of...
Atlantic to conduct study on bauxite exploration in Vietnam
Australian firm Atlantic has signed an agreement to carry out a development study on bauxite exploration in Central Highlands,...
GolfGear International and Mission Holdings sign JV agreement
GolfGear International has signed a joint venture (JV) agreement with Mission Holdings to place the Silver Cord mine into...
September 2011
Top
GolfGear and EnviroXtract sign licence agreement for processing technology
GolfGear International has acquired a sub-licence to utilise EnviroXtract's ore processing...
Deals this week: Wesfarmers, Detour Gold, Silver Standard and more...
Wesfarmers has agreed to sell its Premier Coal business to Yancoal Australia's subsidiary Austar Coal Mine for...
Cortona Resources receives approval for Australian project
Cortona Resources has received environmental approval from the federal government for the Dargues Reef gold mine at Majors Creek in New South Wales,...
South Africa's Anglogold Ashanti to increase gold production in Brazil
South Africa-based Anglogold Ashanti will increase its gold production in Brazil by investing $250m a year until...
ArcelorMittal starts Liberian iron ore production
ArcelorMittal has started commercial iron ore production at its mining operations in Liberia, West...
TSJV secures construction contract for Australian coal mine plant
Macarthur Coal has awarded Theiss Sedgman (TSJV) an A$85m ($84.5m) contract for the construction of a new coal handling and preparation plant (CHPP) in...
Tombstone receives US exploration permits
Tombstone Exploration has received approval from the Arizona State Land Department for four new state permits, which cover an 8km² area at the eastern edge of the Tombstone Mining...
Rio Tinto and North Atlantic Potash to form JV
Acron Group subsidiary North Atlantic Potash has signed a joint venture (JV) agreement with Rio Tinto to carry out potash exploration activities in...
Orvana Resources submits mine permit application for US copper project
Orvana Minerals' subsidiary Orvana Resources has submitted a mine permit application for the Copperwood copper project to the Michigan Department of Environmental Quality...
New World Resources to explore coal deposit in Czech Republic
Netherlands-based New World Resources is planning to explore the hard coal deposit at the Frenštát Mine site, north-east of the Czech...
ActivEX granted exploration permit in Queensland
The state government of Queensland has granted Australian firm ActivEX an EPM permit for exploration of Selwyn...
Rio Tinto acquires additional stake in Ivanhoe Mines
Rio Tinto, through its subsidiary Rio Tinto International, has acquired additional common shares in Ivanhoe Mines for C$73m...
Mongolia seeks greater control of Oyu Tolgoi project
The Mongolian Government may increase its interest in the Oyu Tolgoi project from 34% to...
Alliance Resource and White Oak sign agreement for US coal mine development
Alliance Resource Partners (ARP) has signed an agreement with White Oak Resources and related entities for the development of a longwall mining operation in Illinois,...
Silver Standard completes sale of Australian project
Silver Standard Resources has completed the sale of its Bowdens project in New South Wales,...
Anglo American to develop iron ore project in Australia
Anglo American will invest $51m ($49.3m) to develop the Earaheedy iron ore project near Wiluna in Australia and earn a 75% stake in the...
Goldgroup commences tunnel operations at Mexico project
Goldgroup Mining has started blasting and tunnel construction operations at the La Paila mineralised zone at the Caballo Blanco project in Veracruz,...
Teck Resources to expand Canadian operations
Teck Resources will invest $685m in expansion projects at two of its facilities in British Columbia,...
Bechtel to conduct prefeasibility study for Twin Metals project
Twin Metals Minnesota has awarded a contract to Bechtel Mining & Metals as the lead consultant for the prefeasibility study on the Twin Metals underground copper, nickel and platinum group...
Sichuan Hongda to invest $3bn in Tanzania mining operations
Chinese firm Sichuan Hongda will invest $3bn to carry out coal and iron ore mining operations in...
Vale's subsidiary starts up pig iron demonstration plant in Brazil
Vale's subsidiary Tecnored Desenvolvimento Tecnológico has started up the first pig iron demonstration plant in São Paulo state, Brazil, in partnership with BNDES Bank of Brazil and Logos...
Deals this week : Agnico-Eagle, Franco-Nevada, Roxgold and more...
Agnico-Eagle has agreed to acquire all outstanding common shares of Grayd Resource for $275m, or $2.80 a...
Minotaur, CSIRO to conduct trials for gold extraction process
Minotaur Exploration has entered into a collaborative research agreement with the Commonwealth Scientific Research Industrial Organisation (CSIRO), to conduct field trials for CSIRO's new...
Lunsin to develop polymetallic ore deposit in Siberia
Zijin Mining Group's subsidiary Lunsin is planning to invest about RUB9b ($285m) for the development of a Kyzyl-Tashtyg polymetallic ore deposit in...
First Majestic completes first stage of Mexican mine expansion
First Majestic Silver has completed the first stage of expansion at the processing plant near the La Parrilla silver mine in...
Thiess bags contract for Solomon Hub iron mine in Australia
Leighton Holdings subsidiary Thiess has received a $100m contract from Fortescue Metals Group for phase one development works at the Solomon Hub iron ore mine in the Pilbara region, Western...
IGE to increase diamond production at South African diamond mine
IGE Resources has entered into a contract mining agreement with Frontier Mining Projects for its Bakerville diamond mine in South...
Rio Tinto increases resources at copper mine in the US
Rio Tinto has increased its mineral resources at its Kennecott Utah Copper Bingham Canyon mine in the US by 20 million tons, the company has...
Victory Nickel to start development of Canadian nickel mine
Victory Nickel has received approval from its board of directors for the development of the Minago sulphide nickel mine located on the Thomson Nickel Belt in central Manitoba,...
Sino-Sindh Resources signs MoU to develop Pakistani coal mine
Chinese Global Mining subsidiary Sino-Sindh Resources has signed a memorandum of understanding (MoU) with the provincial government of Sindh in Pakistan to mine in Block-I of the Thar Coal...
GWMG to supply rare earth alloys to German firm
Great Western Minerals Group (GWMG) has entered into a long-term agreement with German firm Vacuumschmelze (VAC), to supply rare earth alloys and...
GVK to acquire Australian coal assets for $1.2bn
Indian firm GVK Power and Infrastructure has entered into a transaction to acquire a majority stake in Hancock Coal's assets in Queensland, Australia, for...
Brazil Gold and SSC to develop mineral exploration technology
Brazil Gold has signed a memorandum of understanding (MoU) with Software Sciences Corporation (SSC) to launch a new exploration technology initiative. According to the MoU, both the firms...
De Beers and Botswana Government sign sales agreement for diamond production
De Beers Group and the Government of the Republic of Botswana have signed a ten-year agreement for the sorting, valuing and sale of diamond production from Debswana, a joint venture between...
China to expand Indian Ocean activities
China is planning to expand its mineral exploration activities in the seabed of the Indian Ocean. The nation received approval from the International Seabed Authority (ISA) to...
Carpathian Gold receives approval for construction of Brazilian gold mine
Carpathian Gold has received approval from the Brazilian Government for the construction of its Riacho dos Machados (RDM) gold project in the state of Minas Gerais. The project is expected...
Quadra and Sumitomo form JV to develop Chilean project
Quadra FNX Mining, Sumitomo Metal Mining and Sumitomo Corporation have formed a joint venture (JV) to develop the Sierra Gorda copper-molybdenum project in Chile. Sumitomo will hold a 45%...
CNEC WorleyParsons secures Brazilian contract
MMX Mineração e Metálicos (MMX) has awarded a $150m contract to Australian firm CNEC WorleyParsons to provide professional services for the expansion of the Serra Azul iron ore mining unit in...
Frontier Rare Earths receives new prospecting rights in South Africa
The South African Department of Mineral Resources has granted Frontier Rare Earths a new prospecting right near its Zandkopsdrift project. The new prospecting right covers a total area...
Rio Tinto to increase iron ore production in Western Australia
Rio Tinto is planning to invest $833m in power and fuel supply projects to increase iron ore production capacity in Western Australia. Rio Tinto will invest $520m to upgrade its integrated...
Barrick to expand mining operations at Peruvian mines
Barrick Gold is planning to invest $550m to expand the mining operations at its gold mines in Peru by 2013. The funds will be used to expand the Lagunas Norte mine, which produced 808,000oz...
Deals this week: Banpu Minerals, Petra Diamonds, ENK and more...
Banpu Public's subsidiary Banpu Minerals has entered into a bid implementation deed to acquire all the shares of Hunnu Coal for an estimated value of A$477m (US$498m). Thailand-based Banpu...
Xstrata Copper to begin production from Antapaccay mine in 2012
Xstrata Copper is planning to start production from its $1.47bn Antapaccay copper project in Peru in the second half of 2012. The project, located in the Cusco region, has resources...
Trapped worker found dead in Welsh mine
A miner who was trapped in the flooded Gleision Colliery in Swansea Valley, Wales, has been found dead, police have confirmed. The unidentified worker was found dead this morning as...
MBMI Resources to expand nickel production in the Philippines
Canadian firm MBMI Resources is planning to invest $180m in nickel production in Palawan, the Philippines. If approval is granted by the government, the firm will invest about $80-100m...
HudBay Minerals to invest $1bn in Peruvian copper project
HudBay Minerals is planning to invest about $1bn in the development of Constancia copper project in Peru. The project is expected to produce about 85,000t of red metal per year starting in...
Galaxy Resources commences DFS on Canadian project
Galaxy Resources has started a definitive feasibility study (DFS) on the James Bay Spodumene project in Quebec, Canada. According to the memorandum of understanding signed with Lithium...
Outotec to provide iron pelletising plant to NLMK
Finland-based Outotec will supply an iron ore pelletising plant to NLMK Novolipetsk Metallurgisk Kombinat for its Stary Oskol project in Moscow, Russia for €150m. The company will...
MDM bags EPCM contract for Ghana project
Gold Fields Ghana (GFGL) has awarded an engineering, procurement, construction and management (EPCM) contract to MDM Engineering for its Tarkwa project in Ghana. Under the contract, MDM...
Midway Gold receives expanded drill permit at US project
Midway Gold has received regulatory approval for an expanded drilling permit at its Pan Project in Nevada, US. The expanded permit will enable the firm to increase the drill roads and drill...
American Vanadium completes feasibility study for Gibellini project
American Vanadium has completed a feasibility study on its Gibellini vanadium project located in Eureka County, Nevada, US. The feasibility study, prepared by AMEC E&C Services, has reported...
Peruvian mining sector to invest $50bn
Peruvian mining firms are planning to invest $50bn for new mines and expansion projects in the country. Major projects include Xstrata's $4.2bn Las Bambas copper project in Apurimac region...
Guinea adopts new mining code
Guinea has adopted a new mining code that will double the country's stake in mining projects to 35% and toughen the procedures for acquiring development permits. The new code would give Guinea...
Metalloinvest to supply iron ore to MMK
Russian firms Metalloinvest and Magnitogorsk Iron & Steel Works (MMK) have signed a long-term iron ore supply agreement for a period of three years. Under the terms of the...
Rio Tinto and OMC to invest $2bn in Indian iron ore mining
Rio Tinto India and Orissa Mining Corp (OMC) are planning to invest up to $2bn to develop three iron ore mines in Keonjhar district of the Indian state of Orissa. Rio Tinto India is a...
Banpu Minerals to acquire Hunnu Coal
Banpu Public's subsidiary Banpu Minerals has entered into a bid implementation deed to acquire all the shares of Hunnu Coal for an estimated value of A$477m (US$498m). Thailand-based Banpu...
Lundin Mining completes feasibility study for Portuguese project
Lundin Mining has completed a feasibility study for the Lombador Phase I project near Neves-Corvo mine located in Portugal. According to the feasibility study, the total initial capital cost...
VINCI to build tunnels for Chilean mine
Chile's Codelco has awarded a $400m contract to VINCI for the design and construction of two tunnels at the El Teniente mine in Chile. VINCI will carry out the project through its...
Compliance Energy receives exploration permit for Canadian project
Compliance Energy has received an exploration permit from the Ministry of Energy and Mines of British Columbia, for the Camp Lake project. The Camp Lake project, which covers 34.42km²...
SEMAFO to increase plant capacity in Burkina Faso
SEMAFO is planning to increase the processing capacity of its plant at Mana property in Burkina Faso by 6,000t a day. The aim of the expansion project is to increase the capacity of the plant...
Barrick Gold discovers gold deposits at US project
Barrick Gold has made two gold discoveries at Red Hill and Goldrush on the Cortez property in Nevada, US. The discoveries are located on highly prospective ground, 6km south-east of the...
Eramet to invest $6bn in Indonesian nickel project
France-based Eramet is planning to invest about $6bn on the Weda Bay nickel project located in Maluku province, Indonesia. Earment CEO Patrick Buffet said that the firm will have spent...
Chinese firms to invest $14bn in Filipino mining sector
The Philippine mining sector will receive an investment of $14bn from Chinese firms for mining activities in the next five years. Philippines Chamber of Mines president Philip Romualdez said...
Deals this week: Rio Tinto, Major Drilling, Nautilus Minerals and more...
Rio Tinto and Anglo American are planning to sell their stakes in Palabora Mining Company Limited and have initiated a commercial process to sell its shareholding. Anglo American currently...
Venezuela signs cooperation agreements with Chinese firms
The Government of Venezuela has signed three cooperation agreements worth $470m with Chinese firms to increase iron ore production and transportation of Ferrominera del Orinoco. The government...
Ercosplan to conduct feasibility study on Ethiopian potash project
Ercosplan Ingenieurgesellschaft Geotechnik und Bergbau (ERCOSPLAN) has received a feasibility study contract from Allana Potash for their Ethiopian potash project. Currently additional...
GTSO and NWE to explore and develop Indonesian gold resources
Green Technology Solutions (GTSO) has signed a definitive agreement with New World Energy (NWE) to explore and develop gold resources in Indonesia. GTSO and NWE will jointly secure the...
Rio Tinto and Anglo American to sell stake in Palabora Mining
Rio Tinto and Anglo American are planning to sell their stakes in Palabora Mining Company Limited and have initiated a commercial process to sell its shareholding. Anglo American currently...
Xstrata Copper increases resources at PNG project
Xstrata Copper has increased its mineral resource estimate at the Horse-Ivaal-Trukai (HIT) deposit at the Frieda River copper-gold project in Papua New Guinea (PNG). The new resource...
Botswana Diamonds receives exploration licence in Cameroon
UK-based Botswana Diamonds has been granted a 430km² exploration licence near Libongo in Cameroon. Botwana Diamonds has received the licence for an initial period of four years and it...
China Niobium acquires stake in CBMM for $1.95bn
Chinese consortium China Niobium Investment Holdings has acquired a 15% stake in Brazilian firm Companhia Brasileira de Metalurgia e Mineração (CBMM) for $1.95bn. The consortium consists...
Washpool Coal completes DFS on Australian coal project
Aquila Resources' subsidiary Washpool Coal has completed the definitive feasibility study (DFS) for the Washpool hard coking coal project in Bowen Basin, Australia. The DFS proposed an...
Glencore offers $1.2bn for Optimum Coal
Glencore International is planning to acquire a controlling interest in Optimum Coal Holdings of South Africa for a total value of £750m ($1.2bn). According to the terms of the offer,...
Lynas to supply production of rare earths to BASF
Lynas Corporation has signed a new long-term supply agreement with BASF for the supply and production of rare earths at the Lynas advanced materials plant (LAMP) in Malaysia. Under the terms...
DRA Pacific to build processing facility for Cortona's Australian project
Cortona Resources has entered into a memorandum of understanding (MoU) with DRA Pacific to construct a processing facility at its Dargues Reef gold project in New South Wales,...
Minera Alumbrera JV to acquire stake in Argentina project
Xstrata Copper has entered into a definitive agreement with Goldcorp and Yamana Gold, by which Minera Alumbrera will have the option to acquire Yamana's 100% interest in the Agua Rica project...
Pluton Resources signs term sheet for Cockatoo Island assets
Pluton Resources has signed a term sheet to divest its interests in the mining tenements and certain infrastructure of its Cockatoo Island joint venture located in the Kimberly iron ore hub...
Aecom secures contract for mine expansion in Australia
Aecom Technology Corporation has received a $20m service contract for the $1.4bn Ravensworth North mine expansion project in New South Wales, Australia. Under the terms of the contract,...
Golden Star resumes mining at Ghanaian prospect
Golden Star Resources has resumed mining activity at the Pampe Deposit on the southern end of the Akropong Trend in Ghana. The company has also commenced an exploratory drilling programme...
MMX to expand Brazilian iron ore mining unit
Brazilian firm MMX Mineracao e Metalicos has received a preliminary licence from the Minas Gerias state environmental authority for its Serra Azul iron ore mining unit in Minas Gerais...
Deals this week: AuRico Gold, Glencore International, Bird Construction and more
Canadian gold mining company AuRico Gold will acquire Northgate Minerals Corp for $1.49bn. The deal is expected to close in October, following approval from Northgate and AuRico shareholders. ...
Mawson West completes feasibility study on DRC project
Mawson West has completed a feasibility study for the development of a pit cut-back at its Dikulushi copper-silver project in the Democratic Republic of the Congo (DRC). According to the...
TransAmerican bags mining permit in Colombia
TransAmerican Minerals has received a mining permit from the Colombian Government for the development of surface coal. With the receipt of the permit, the firm has now secured all of...
Cimeco bags EPC contract for Solomon project
Fortescue Metal Group Solomon has awarded a $200m engineering, procurement and construction (EPC) contract to Forge Group's subsidiary Cimeco for primary crushing hubs. The scope of work...
Buller Coal receives environmental approval for New Zealand project
Bathurst Resources subsidiary Buller Coal has received environmental approvals for its Escarpment mine project in Westport, New Zealand. Buller Coal gained approval for its 24 resource...
Sweco bags project management contract for expansion project
Sweco has been awarded a consulting contract to help expand Boliden's ore production in Garpenberg, Sweden. The scope of work will include structural engineering, land planning and...
Cameco to acquire Hathor Exploration
Canadian mining company Cameco is planning to acquire all the outstanding shares of Hathor Exploration for about C$520m ($531m), with a cash consideration of C$3.75 ($3.80) per share. ...
AuRico Gold to acquire Northgate Minerals and form new entity
AuRico Gold has entered into a definitive acquisition agreement with Northgate Minerals to create a new intermediate gold producer. The new firm will own five operating gold mines and a...
August 2011
Top
Alstom secures air quality control equipment contracts
Alstom has bagged €100m contracts for air quality control equipment from Emirates Aluminium (EMAL) and Hanwa Engineering and Construction. Under the first contract, Alstom will provide...
GVK to acquire Australian coal mines for $2.2bn
Indian firm GVK Power & Infrastructure has made a deal with Hancock Coal to acquire two coal mines in Australia for $2.2bn. GVK will pay $1.3bn for the Alpha Coal mine and Kevin's Corner mine...
Conquest Mining secures financing for Australian project
Conquest Mining has received a $100m financial package from Macquarie Bank to fund construction of the Mt Carlton gold-silver-project in North Queensland, Australia. The finance package...
Macmahon and BBM JV bags contract for Mongolian mine
Macmahon Holdings and BBM Operta Group's joint venture (JV) has been awarded a mining contract from Erdenes Tavan Tolgoi for its Tavan Tolgoi coal mine in Mongolia. Under the contract, the...
Rio Tinto increases stake in Ivanhoe Mines
Rio Tinto has exercised its right to subscribe for and acquire additional common shares in Ivanhoe Mines for $536m. Rio Tinto has paid $19.2 per share to acquire 27 million additional shares...
IEC to develop Tanzanian coal mine
Australia-based Intra Energy Corporation (IEC) is planning to invest $116m for the development of the Mbalawala coal mine in Tanzania. The project is expected to increase the coal output...
Venuzuela to nationalise its gold mining sector
Venezuela has signed a decree to formalise the nationalisation of its gold mining industry, which will give the government total control over the gold produced in the country. ...
Victory Nickel receives environmental licence for Canadian nickel project
Victory Nickel has received an Environment Act licence for the construction, operation and subsequent decommissioning of the Minago sulphide nickel project in central Manitoba, Canada. With...
Deals this week: Glencore, Sigdo Koppers, OneSteel and more...
Glencore International's subsidiary Glencore Investment has made an off-market cash takeover offer to acquire all the shares of Minara Resources for A$1bn (US$1bn). According to the...
Caterpillar to build new manufacturing unit in China
Caterpillar has signed an agreement with Xitong Technical Industrial Park Administrative Committee to build a proving ground and large wheel loader manufacturing facility in Jiangsu...
Murray & Roberts bags contract for Zambian mine
Murray & Roberts Cementation Zambia has bagged a $320m shaft sinking and equipping contract from Mopani Copper Mines for the Nkana copper and cobalt mine near Kitwe, Zambia. The main shaft...
MMC Norilsk offers $8.7bn to acquire stake in UC Rusal
Russian firm MMC Norilsk Nickel is planning to acquire a 15% stake in UC Rusal Investment Management for $8.7bn. MMC Norilsk has offered to purchase 28.5m ordinary shares from UC Rusal...
Tancoal receives mining licence in Tanzania
Tancoal Energy has received a mining licence for the initial mining area of the Mbalawala mine at the Ngaka Coalfields in south-west Tanzania. With the receipt of the mining licence,...
Rio Tinto awards two JV contracts for Australian project
Rio Tinto has awarded two indigenous joint venture (JV) contracts, collectively worth $184m, for to its Hope Downs 4 mine site located in the Pilbara region of Western Australia. The mining...
Glencore offers $1bn for Minara Resources
Glencore International's subsidiary Glencore Investment has made an off-market cash takeover offer to acquire all the shares of Minara Resources for A$1.01bn (US$1.06bn). According to...
Sigdo Koppers to acquire Magotteaux Group
Chilean firm Sigdo Koppers has signed a deal to acquire Belgian company Magotteaux Group for total value of €550m. According to the deal, Sigdo Koppers will pay about €470m in cash...
NALCO to invest $12bn in expansion projects by 2020
The National Aluminium Company (NALCO) is planning to invest Rs579bn ($12bn) in expansion projects in India and Indonesia by 2020. NALCO will spend $3.6bn to set up a 5Mt aluminium smelter...
Republic Gold commences drilling at Bolivian project
Republic Gold has commenced the first phase of a 10,000m drilling programme at the Amayapampa gold project in Bolivia. The 60 drill-hole programme is expected to expand and optimise the...
Endeavour and Adamus merge to form new entity
Endeavour Mining and Adamus Resources have entered into a definitive merger implementation agreement to form a new West African gold producer. The newly merged entity has a forecasted...
Siemens and Outotec to build pellet plant in Russia
NLMK Group's subsidiary Stoilensky has awarded a €280m contract to a consortium of Siemens VAI and Outotec for the construction of an iron pellet plant at Stoilensky, Russia. The...
Eldorado Gold completes feasibility study on Turkish mine
Eldorado Gold has completed a feasibility study on its Kisladag gold mine in western Turkey and is now making detailed plans to expand the project. According to the study, the project...
China to introduce national standards for coal mining safety
China's state administration of work safety (SAWS) is planning to introduce national standards for safety technologies used in the country's coal mines. The four standards will relate to...
Aquila Resources receives mining lease for Australian project
Aquila Resources has been granted a mining lease for the Eagle Downs hard coking coal project in Central Queensland, Australia. The project, approved by the Queensland Government, involves...
NALCO receives coal mining lease for Indian coal block
The National Aluminium Company (NALCO) has received a mining lease from the Union Coal Ministry for the Utkal coal block in Orissa, India. The block covers an area of 0.8km² and...
Macmahon bags Australian copper mine contract
Macmahon Holdings has bagged a $110m underground engineering construction contract from Cobar Management for the CSA copper mine in New South Wales, Australia. Under the two-year...
Nemex encounters iron ore mineralisation at Guinea project
Nemex Resources has encountered high iron ore mineralisation from the 17 ironstone samples collected at its Coastal project in Guinea, West Africa. These samples were collected from...
BHP, Xstrata and Anglo to invest $1.3bn in Colombian mine
BHP Billiton, Xstrata and Anglo American have formed a joint venture to invest $1.3bn in the expansion of the Cerrejón coal mine in La Guajira, Columbia. The expansion is expected to...
Evraz begins construction of Russian coking coal mine
Russian firm Evraz Group has started construction of a new coking coal mine, Yerunakovskaya-VIII, in the mining division of Yuzhkuzbassugol in Russia. The firm will invest R17bn ($590m) in...
Mount Gibson to supply iron ore to Glencore
Mount Gibson Iron has entered into a life of mine agreement with Glencore International, for the sale of iron ore from the Extension Hill Hematite deposit in Western Australia. Under the terms...
Deals this week: Petra Diamonds, Anglo Coal, Zijin Mining and more...
Petra Diamonds has received approval from the South African Government to acquire the Finsch diamond mine from De Beers for a total value of $210m. Anglo Coal Canada has entered into an...
IOC to conduct a study into operations expansion
Iron Ore Company of Canada (IOC) is planning to carry out a study to assess the feasibility of expanding its mining and infrastructure assets in Newfoundland, Labrador and Quebec, Canada. ...
Aben resources commences drilling on Canadian project
Aben Resources has commenced the first phase of its diamond drill programme at its Justin gold project in Western Yukon, Canada. The 16km² Justin gold project has the potential to...
Detour Gold Secures More Funds for Mining Fleet
Detour Gold has executed a term sheet with Caterpillar Financial Services for additional funding for its mining fleet. Cat Financial will provide $40m to fund the company's acquisition...
Murchison Metals Receives EPA Approval for Australian Project
Murchison Metals has received approval from the Environmental Protection Authority of Western Australia (EPA) for the Jack Hills expansion project (JHEP) at the Jack Hills iron ore mine in...
Royal Bafokeng to Expand South African Platinum Project
Royal Bafokeng Platinum is planning a R10bn ($1.4bn) expansion of the Styldrift II project in South Africa to increase its platinum production. The expansion follows the rise in demand...
EVGI to Commercialise Mineral Recovery Technology
Eco Ventures Group (EVGI) and Raptor Technology have signed a joint venture agreement to commercialise mineral recovery technology. EVGI will use separation and leaching technology to...
SNC-Lavalin Secures EPCM Contract from EMAL
Emirates Aluminium (EMAL) has awarded an engineering, procurement and construction management (EPCM) contract to SNC-Lavalin for the second phase of its smelter project in Abu Dhabi, UAE. ...
LIM to Supply Iron Ore to Canadian Firm
Labrador Iron Mines Holdings (LIM) has entered into an agreement with the Iron Ore Company of Canada (IOC) for the sale and shipping of its iron ore production in 2011. Under the terms of...
Capstone Completes Pre-feasibility Study for Chilean Project
Capstone Mining has completed a pre-feasibility study (PFS) on its Santo Domingo iron oxide-copper-gold project in Region III, Chile. The PFS, completed by engineering firm Ausenco,...
Ormonde Receives Permits for Spanish Mining Project
Ormonde Mining's subsidiary Ormonde Espana has received four investigation permits in the Huelva Province of southern Spain, from the provincial mining authority. The permits cover a total...
Macmahon Awarded Several Australian Mining Contracts
Contract mining and construction firm Macmahon Holdings has secured various Australian mining contracts worth $90m. The first contract involves predevelopment work adjacent to current...
GMR Energy to Acquire Stake in Indonesian Mine
GMR Energy has entered into a definitive agreement to acquire a 30% stake in Indonesia's Golden Energy Mines (GEMS) for $450m to $550m. As part of the deal, GMR Energy will purchase coal for...
Anvil to Start Copper Production from DRC Mine
Anvil Mining is planning to start commercial production of copper at its newly constructed plant at the Kinsevere copper mine in the Democratic Republic of Congo (DRC) in the current quarter. ...
Molycorp to Produce Rare Earth Materials for Hitachi Metals
Rare earth oxides producer Molycorp has agreed to supply rare earth magnetic materials, including didymium metal and alloy, to Japanese firm Hitachi Metals. Under the three-year...
Adani Group Forms JV to Develop Coal Block in India
Parsa Kante Collieries (PKC), a new joint venture (JV) company, has been formed to develop Parsa and Kante Basan coal blocks in Chhattisgarh, India. Adani Group's Adani Enterprises holds a...
Argentina in Talks with China to Build Copper Refinery
Argentina is in negotiations with Chinese investors regarding the construction of a $750m copper refinery in the South American country. The project includes the construction of a plant to...
Nautilus Secures Exploration Licences in Fijian Tenements
Nautilus Minerals has secured 14 special prospecting licences covering a total of approximately 60,000km² in offshore Fiji and has become the first private company to receive...
Alcoa and Ma'aden Begin Alumina Refinery Construction
Alcoa and Saudi Arabian Mining firm Ma'aden have commenced the construction of an alumina refinery at Ras Al Khair, Saudi Arabia, as part of their $10.8bn integrated aluminium JV. The...
Peabody Energy to Install LTCC Technology at Australian Coal Mine
Peabody Energy has entered into a new licensing agreement with Yanzhou Coal to install Longwall top coal caving (LTCC) technology at the Goonyella mine in Australia in order to...
Elenilto and Sesa Goa to Invest $2.6bn for Western Cluster
Indian firm Sesa Goa and Elenilto Minerals & Mining are planning to invest more than $2.6bn in Liberian iron ore firm Western Cluster. Elenilto Minerals & Mining will invest $77m while Sesa...
Xstrata to Commence Pre-feasibility Study on Australian Mine
Xstrata will commence a pre-feasibility study this month on the Mount Isa mines in Australia, in preparation for the development of a large multi-commodity open pit mine. The firm has...
Deals This Week: Rio Tinto, BHP, Sesa Goa and More...
Mitsubishi subsidiary Mitsubishi Development and Rio Tinto have proposed acquisition of all the remaining shares in Coal & Allied Industries for A$1.49bn ($1.55bn). Coal & Allied's...
Aquila Receives EPA Approval for Australian Iron Ore Project
Aquila Resources has received environmental approval for the mine and rail facilities at the West Pilbara iron ore project in Western Australia. The Environmental Protection Authority (EPA)...
Votorantim to Conduct Tests on Search Minerals' SALT Process
Votorantim Metais Níquel and Votorantim Novos have secured a contract to conduct test work on Search Minerals' starved acid leaching technology (SALT) process. Votorantim will carry out the...
BHP to Acquire Contract Mining Services Unit
BHP Billiton has signed an agreement with Leighton Holdings to acquire HWE Mining subsidiaries for $735m. HWE Mining subsidiaries provide contract mining services to BHP's Western Australia...
Cockatoo Coal to Sell Thermal Coal Project
Australian firm Cockatoo Coal is planning to sell its Taabinga thermal coal project located in Queensland. The firm has appointed RFC Corporate Finance to handle the sale of the project, which...
SARCO to Supply Alumina to NFC
Sino Australian Resources (SARCO) has signed a memorandum of understanding (MoU) with China Non-Ferrous Metal Industry's Foreign Engineering & Construction (NFC) for the sale of alumina from...
Australia to Invest $1.9bn in Indian Mining Sector
Australia has announced plans to invest INR90bn ($1.9bn ) to set up mineral-based mining projects in the Indian state of Orissa. Australian High Commissioner to India Peter Varghese...
Buenaventura to Open Peruvian Gold Mine
Compañía de Minas Buenaventura has received permits from the Ministry of Energy and Mining of Peru to start its metallurgical operations at Tantahuatay gold mine. Buenaventura holds a...
Rio Tinto, Mitsubishi to Acquire Coal & Allied
Mitsubishi's subsidiary Mitsubishi Development and Rio Tinto have proposed to acquire all the remaining shares in Coal & Allied Industries for A$1.49bn ($1.55bn). Coal & Allied's...
Silver Falcon to Supply Bullion Dore to IPMR's Abu Dhabi Refinery
Silver Falcon Mining (SFMI) has entered into a three-year toll refining agreement with International Precious Metal Refiners (IPMR) for the refining and sale of its bullion dore. In the...
BCMJV Bags EPCM Contract for Canadian Mine
British Columbia Mining Joint Venture (BCMJV) has reached a final agreement with Terrane Metals to provide mining services at Mt. Milligan copper-gold project in Canada. A joint...
Rio Tinto Profit Rises to $7.8bn in Q1
Rio Tinto has posted a 35% rise in profit to $7.8bn during the first half of 2011 when compared with the same period last year. The firm has also invested $5.1bn to develop its...
Mechel, Somani Group Form JV for Coal Operations
Russian mining firm Mechel has formed a joint venture with India-based Somani Group to meet the growing demand of coal. The JV, Mechel Somani Carbon, will receive coal from Mechel's mines...
CIL to Invest $6bn in Indian Mining Projects
Coal India is planning to invest about INR280bn ($6.2bn) in 68 coal mining projects in India, which have a production capacity of 230 million tonnes per annum. The investment will fund...
Outotec Bags Contract from EMAL
Outotec has received two contracts worth €100m from Emirates Aluminium (EMAL) to expand an aluminium smelter in Abu Dhabi, UAE. Under the contract, Outotec will deliver aluminium...
Mesa Acquires Potash Lease in the US
Mesa Exploration has acquired a 2.5km² potash lease from the US state of Utah, through a competitive lease offering. The lease will now be combined with the company's Whipsaw...
Essar Africa and Zimbabwe Form Mining Joint Venture
Essar Africa Holdings and the Government of Zimbabwe have set up a new mining entity called NewZim Minerals (NZM). The new firm will explore and develop Zimbabwe Iron and Steel Company...
Deals This Week: Essar, Atlas Consolidated, Yanzhou Coal and More...
Essar Group has completed the acquisition of Zimbabwe Iron and Steel Company (ZISCO) with a commitment of $750m and will take over all liabilities of the firm and Zimbabwe Government. Under...
Lanco Secures Coal Contract for Indian Project
Lanco Infratech has been selected by Maha Tamil Collieries (MTC) as the developer and operator of the Gare Pelma II Coal block in Chhattisgarh state, India. Under the contract, Lanco...
American Power Receives Permit for US Coal Project
American Power has received approval of a prospecting permit for its Pace coal project in Montana, US, from the Montana Department of Environmental Quality. With the receipt of the permit...
Ten Killed in Helicopter Crash Near Indonesian Mine
Ten people were killed when a helicopter en route to the Gosowong Mine on Halmahera Island, Indonesia, crashed near Manado at around 2.30pm local time on Wednesday. Nusa Halmahera Minerals...
Platinum Group to Secure Loan for South African Mine
Platinum Group Metals has sought a $260m loan to develop the Western Bushveld joint venture project in South Africa. The company will receive the loan from Barclays Capital, Standard Bank...
Xstrata to Develop Nickel Projects in Canada
Swiss-based mining company Xstrata will spend $649m to develop two nickel projects in Canada. The company's nickel unit will invest $530m in the expansion of the Raglan project in...
Metso Acquires Copperstate Industrial Services
Metso has acquired US-based mining services provider Copperstate Industrial Services for an undisclosed amount. With the acquisition, Copperstate's team will be intergrated into the...
Woulfe Mining Receives Permit to Develop South Korean Mine
Woulfe Mining has received permit approval for the production adit at its Sangdong tungsten / molybdenum mine in South Korea. The production adit, which will be located near to the crusher...
Centrex Receives Approval for Australian Iron Project
The South Australian Government has approved Centrex Metal's environmental protection and rehabilitation programme in Eyre Peninsula. With this approval Centrex will mine the Wilgerup...
Caterpillar to Expand US Remanufacturing Facility
Caterpillar is planning to invest $50 million in an expansion of its remanufacturing facility in North Dakota, US. The expansion will add 225,000ft² to the facility with the aim of...
Uranerz Starts Uranium Mine Construction in the US
Uranerz Energy has started the construction of an in-situ recovery uranium mine at its Nichols Ranch ISR uranium project in Wyoming, US. The construction work will include building the...
SISG to Invest $1.5bn in Sierra Leone Iron Ore Project
Shandong Iron & Steel Group has signed agreements with African Minerals to invest $1.5bn in the Tonkolili iron ore project in Sierra Leone. Under the terms of the agreement, SISG will acquire...
VDM Secures Service Contract for Nickel Mine
Australia-based contracting group VDM Group has secured a $40m contract from BHP Billiton to provide haulage services at its nickel operations in Kambalda. VDM's subsidiary Cape Crushing...
BHP Billiton Secures Approval for GEMCO Expansion
BHP Billiton has received approval from its joint venture partner Samancor Manganese to expand the GEMCO operation in the Northern Territory of Australia. The $279m expansion is set to...
Chinalco to Build $2.2bn Toromocho Mine in Peru
Investment management firm Aluminum Corporation of China (Chinalco) has received a permit to build a new $2.2bn Toromocho copper mine in Peru, the company has announced. The permit will allow...
Erdenes to Supply Coal to East Asian Firms
Erdenes Tavan Tolgoi has signed agreements with Chinese, Japanese and South Korean firms to supply coal from its Tavan Tolgoi coking coal project in Mongolia. Erdenes will supply a total of...
Ukraine Coal Mine Accidents Kill 37
37 miners have been been killed in two coal mining accidents in Ukraine. A methane explosion is suspected to have caused a blast at the Suhodilska-Eastern mine in the Luhansk region, which...
CSIRO Creates Mining Research Centre in Chile
Commonwealth Scientific and Industrial Research Organisation (CSIRO), in collaboration with the University of Chile and other industry and research partners, has created a new mining...
Wing Hing to Acquire Stake in Taung Gold
Chinese firm Wing Hing International is planning to acquire an 87% interest in South Africa-based Taung Gold for HK$4.5bn (US$580m). Taung Gold assets include Jeanett and Evander...
EPS to Receive EBRD Loan to Enhance Coal Mines
Serbian firm Elektroprivreda Srbije (EPS) will receive a loan of €80m from the European Bank for Reconstruction and Development (EBRD) to enhance its coal mines. EPS will use the loan,...
July 2011
Top
Buenaventure to Develop Peruvian Copper Project
Peru-based Buenaventura has approved full funding for the development of the Conga gold and copper project in Peru. The Conga project has a mine life of about 19 years, with an estimated...
Deals This Week: Xstrata, G-Resources, King Stone and More...
Xstrata Coal has made proposal to acquire 100% of First Coal Corporation for a total value of C$147m ($153m) by paying C$1.75 ($1.83) per share. The acquisition will provide Xstrata Coal...
NovaGold Completes PFS for Canadian Project
NovaGold Resources has completed the prefeasibility study (PFS) for its Galore Creek copper-gold-silver project in British Columbia, Canada. The Galore Creek project is owned by a...
Xstrata Starts Construction of Australian Mine
Xstrata Zinc has started construction work in Queensland, Australia, to develop the high-grade zinc-lead-silver Lady Loretta deposit as a new greenfield underground mine. The work will...
Downer Bags CHPP Contract for Australian Project
Xstrata Coal has awarded a contract to Downer EDI for the development of a coal handling and preparation plant (CHPP) at the Ravensworth North coal project in Hunter Valley, New South...
Formation Metals Starts Construction at US Cobalt Project
Formation Metals has commenced the construction of mine site earthworks at its cobalt project, located in east-central Idaho, US. The firm has started portal bench mine site earthworks,...
Highlands Pacific Gets Clearance to Start Papua New Guinea Nickel Project
Highlands Pacific has received clearance from the National Court of Madang to commence operations at its fully constructed $1.5bn Ramu nickel project in Papua New Guinea. The National Court...
Newmont Selects ApplyIT to Tighten Safety Procedures
Newmont Mining has selected ApplyIT's IntelliPERMIT software for its Boddington gold mine in Australia, to tighten and streamline safety procedures. IntelliPERMIT, the computerised...
NALCO Receives Forest Clearance for Bauxite Mining in India
India-based National Aluminium Company's bauxite mining lease for the Panchpatmali South Block in India has been renewed for 20 more years. This will require the diversion of 1.1km²...
KBR Secures EPC Contract for US Project
Molycorp's subsidiary has awarded an engineering, procurement and construction contract to KBR to construct a new chlor-alkali plant at its $781m Project Phoenix in California, US. The...
Ausdrill Secures Mining Services Contract from FMG
Ausdrill has been awarded a mining services contract from Fortescue Metals Group (FMG) for its Solomon iron ore project, in the Pilbara region of Western Australia. Under the $75m...
GWMG to Build Rare Earth Separation Plant in South Africa
Great Western Minerals Group (GWMG) has entered into a heads-of-terms agreement with Chinese firm Ganzhou Qiandong Rare Earth Group (GQD) to build a rare earth separation plant in South...
TOML Receives Exploration Licences in Eastern Pacific
Nautilus Minerals subsidiary, Tonga Offshore Mining (TOML), has been granted exploration licences in the Clarion Clipperton Zone (CCZ) of the Eastern Pacific region from the International...
EMAL to Invest $4.5bn to Increase Aluminium Smelter Capacity
Emirates Aluminium (EMAL) will invest $4.5bn to double its aluminium smelter's annual capacity, as part of its phase two expansion programme. On completion, the aluminium smelter's annual...
Grande Cache Receives Permit for Canadian Coal Mine
Grande Cache Coal has received an amended mine permit and a new mine licence from the Alberta Energy and Resource Conservation Board (ERCB) to develop its new No. 12 South B2 underground...
Coal India to Invest $6.6bn to Boost Capacity
Coal India (CIL) is planning to invest about Rs300bn ($6.6bn) in new mining projects, washeries machinery and equipment to increase its capacity over the next five years. The firm has set...
US EPA Releases Surface Coal Mining Guidance
The US Environmental Protection Agency (EPA) has released final guidance on Appalachian surface coal mining, to ensure a consistent and timely review of surface coal mining permits under the...
Pathfinder Bags Mining Licence in Mozambique
The National Directorate of Mines has issued a new mining concession licence to Pathfinder Minerals for its Moebase mineral sands deposit in Mozambique. Pathfinder has received the...
MSHA Approves Lockheed's New Wireless Communication System
The US Mine Safety and Health Administration (MSHA) has approved a new wireless communication system, which can be used by trapped miners during an accident. The new MagneLink...
Cornerstone Receives Environmental Licence for Ecuador Project
Cornerstone Capital Resources has been granted an environmental licence from Ecuador's Ministry of Environment for its Cascabel gold-copper project in northern Ecuador. Cornerstone has...
Peruvian Mining Sector Investment Rises by 68% in Q1
Mining companies in Peru have invested about $2.43bn during the first five months of 2011, a 68% rise compared with the same period last year. According to the Mines and Energy Ministry,...
Deals This Week: Glencore, Zijin, Cuervo and More...
Glencore International has agreed to buy a 70% interest in CST Mining Group's subsidiary Marcobre for a total value of $475m. Marcobre is the sole owner of the Marcona copper property and the...
Firestone Recovers Diamonds at Lesotho Project
Firestone Diamonds has recovered high-quality diamonds from a 3,000t sample of K5 material at its Liqhobong mine located in Lesotho, Africa. The results have confirmed that 33 carat white,...
Uranerz Receives Material Licence for US Uranium Project
The United States Nuclear Regulatory Commission (NRC) has issued Uranerz Energy with a materials licence for its Nichols Ranch ISR uranium project located in the Central Powder River Basin...
Minera IRL Encounters Gold Mineralisation at Peru Project
Minera IRL has encountered high grade gold mineralisation at the Ollachea project in Peru, according to a prefeasibility study undertaken at the site by engineering firm AMEC. The Minapampa...
ENRC Completes Expansion of Kazakh Alumina Refinery
Eurasian Natural Resources (ENRC) has completed the expansion of its alumina refinery Aluminium of Kazakhstan in Kazakhstan, with a expenditure of $305m. The refinery has reached its...
CGM Secures Mining Contract for Saudi Arabian Mine
Arabian American Development has awarded a $79m contract to China National Geological & Mining (CGM) for the operation, management and maintenance of the surface works of the Al-Masane...
DAE Discovers Huge Uranium Mine in India
The Department of Atomic Energy (DAE) of India has discovered a uranium mine in the Tumalapalli area of Andhra Pradesh state. The mine has close to 49,000t of uranium, which is three times...
UCIL Gets Go Ahead for Uranium Processing Unit in India
The state Government of Karnataka has approved a proposal by the Uranium Corporation of India (UCIL) to set up a uranium mining and processing unit at Yadgir district in Karnataka. The...
Hunnu Coal Receives Mongolian Mining Licence
Hunnu Coal has received mining licence MV-016872 from the Mineral Authority of Mongolia for its Tsant Uul project. The mining licence has been granted for an initial term of 30 years with...
Hanlong Mining to Acquire Sundance for $1.5bn
Hanlong Mining has made a conditional proposal to acquire 100% of Sundance Resources for a total value of A$1.4bn (US$1.5bn). According to the transaction, Hanlong will acquire all the shares...
NRW Secures Contracts from FMG
Australia-based Fortescue Metals Group (FMG) has awarded two contracts worth $190m to NRW Holdings for its projects and port facilities in Australia. The first contract, valued at $80m,...
Joy Global to Acquire Stake in IMM
Joy Global has entered into a share purchase agreement to buy TJCC Holdings' stake in International Mining Machinery Holdings for a total value of $585m. Under the terms of the agreement,...
MDM Receives Contract for South African Project
Taung Gold has awarded a contract to MDM Engineering Group (MDM) for its Evander 6 shaft project in South Africa. Under the contract, MDM will provide process and engineering design services...
Xinergy to Supply Coal to J.P Morgan Ventures
Xinergy Corporation has signed a long-term coal supply agreement with J.P. Morgan Ventures Energy for the delivery of coal from Raven Crest/Brier Creek mines in West Virginia, US. Under the...
Macmahon Bags Contract for Western Australian Project
Macmahon Holdings has received a $900m contract from a joint venture between AngloGold Ashanti Australia and Independence Group to develop the Tropicana gold project in Western Australia. ...
Cokal, EMEM to form Joint Venture
Australian coal group Cokal has signed a cooperation agreement with Empresa Mocambicana de Exploracao Mineira (EMEM), a Mozambique mining exploration company, to form a joint venture to explore...
Peabody Energy, Xinjiang to Develop Surface Coal Mine
Peabody Energy has entered a framework agreement with the Government of the Xinjiang Uyghur Autonomous Region to develop the 50 million tonnes-per-year surface coal mine in Xinjiang, China. ...
MDM Awarded ECPCM Contract for South African Project
MDM Engineering Group has secured a contract from Kalagadi Manganese to provide services for its Umtu project, which is under construction in Hotazel, South Africa. Under the contract, MDM...
Fortune Coal, POSCO to Develop Canadian Coal Project
Fortune Coal, a subsidiary of Fortune Minerals, has entered a definitive agreement with POSCO Canada (POSCAN) and its subsidiary POSCO Klappan to form a joint venture to develop the Mount...
Metso to Supply Minerals Processing Equipment to Chinese Firm
Metso has received an order to supply minerals processing equipment to Taigang Group Lanxian Mining's Yuanjiacun iron ore processing plant in Lan county, China. Metso will supply seven units...
Deals This Week: Peabody Energy, Northgate, Stillwater and More...
Peabody Energy and Arcelor Mittal's joint venture has made an offer to acquire all the shares of Macarthur Coal for a total value of A$4.7bn (US$5bn) in an off-market takeover. Under the...
Frontier and Kores to Develop South African Rare Earth Project
Frontier Rare Earths has signed an agreement with Korea Resources (KORES) to form a strategic partnership for the development of Frontier's Zandkopsdrift rare earth project in South...
Fluor Bags $1bn EPCM Contract for Chile Project
Fluor Corporation has been awarded a contract by Quadra FNX Mining's subsidiary Minera Quadra Chile, to perform work at its Sierra Gorda copper / molybdenum project in Chile. Under the...
Peabody Energy and Arcelor Mittal Offer A$4.7bn to Acquire Macarthur Coal
A joint venture between Peabody Energy and Arcelor Mittal has made an offer to acquire all the shares of Macarthur Coal for a total value of A$4.7bn (US$5bn) in an off-market takeover. The...
Standard Gold to Process Gold from Activated Carbon
Standard Gold has entered into agreement with mining firm in Central America to process gold from activated carbon. Activated carbon is a form of carbon that has been processed to make...
Atlas Copco Wins Mining Equipment Contract from Penoles
Atlas Copco has been awarded an underground mining equipment contract worth Skr420m ($63m) from Mexican mining firm Penoles. Under the contract, Atlas Copco will deliver a total of 87...
Vicstar to Build Tin Processing Plant in Bolivia
Chinese firm Vicstar Union Engineering has been awarded a $50m contract to build a new tin processing plant near the Huanuni Mine in Bolivia. Vicstar Union Engineering is a joint venture...
European Goldfields Receives EIS Approval for Greek Project
European Goldfields has received environmental impact study (EIS) approval from the Greek Ministry of Environment, Energy and Climate Change for the development of its assets in Greece. ...
SMM Restructures Zinc Operations
Japan's Sumitomo Metal Mining (SMM) has unveiled plans to restructure its business and will now concentrate its operations on recycled zinc oxide ore, starting from 1 April 2012. SMM...
Fast Cooper Receives Patent for Electro-Mining Technology
The China Patent Office has granted a patent for Fast Cooper's electro-mining technology. The technology extracts copper directly from crushed raw material using an electrical and...
'World's Highest' Carbon Tax to Hit Australian Mining Sector
Australia's mining sector has opposed the carbon tax package released by the Australian Government that requires polluters to pay A$23 (US$24.5) in tax for a metric ton of carbon from...
Amex Resources Exercises Lease Option for Fiji Project
Amex Resources has exercised its option for a 45-year lease at Lautoka Port, after receiving positive results from the pre-feasibility study of the MBA Delta Ironsands Project in Fiji. The...
Gold Standard to Explore Russian Mineral Deposits
Gold Standard Mining has entered into an agreement with GPK Umlekan and its subsidiary Umlekan MC to explore gold, copper and other mineral deposits in the Amur region of Russia. Under...
FMX and Tolima to Develop Colombian Properties
FMX Ventures has entered into a letter of intent with Tolima Gold to form a new combined business unit that will explore and develop gold mineral properties in Colombia. The transaction will...
WPG Receives Approval for Peculiar Knob Project
WPG Resources has received mining and rehabilitation programme approval from the state government for its Peculiar Knob project in Coober Pedy, South Australia. The government has...
BioteQ Signs Agreement for Regeneration Project
BioteQ Environmental Technologies has signed an agreement with an unnamed European engineering firm to advance a cyanide regeneration and recovery project at a gold mine site in central Asia. ...
SouthGobi Receives Mining Licence for Mongolia Deposit
SouthGobi Resources subsidiary SouthGobi Sands has received a mining licence for the Soumber deposit in Mongolia. Mongolia's mineral resource authority granted the licence for the...
Aston Resources Completes DFS on Australian Coal Project
Aston Resources has completed a definitive feasibility study (DFS) for the Maules Creek project in New South Wales, Australia. According to the DFS, the project has a mine life of 30...
Quadra FNX Receives EIA Approval for Chile Project
Quadra FNX Mining has received environmental impact assessment (EIA) approval for its Sierra Gorda project in Region II, northern Chile. Sierra Gorda project is a joint venture between...
Caterpillar and WesTrac to Provide Mining Solutions to Australian Mine
Caterpillar and WesTrac have signed a memorandum of understanding (MOU) with Fortescue Metals Group (FMG) to implement an autonomous mining solution at FMG's Solomon iron ore mine in...
Deals This Week: Lynas, Bradken, Arab Mining and More...
Japanese Bank Mitsubishi UFJ Financial Group has acquired a 9.99% stake in Australia's rare earth developer Lynas Corp for a total value of $324m. The shares acquired by Mitsubishi will...
Mozambique to Revise Mining Law
State-owned Empresa Moçambicana de Exploraçäo Mineira is expected to gain stakes in several strategic mining projects, following the unveiling of the Mozambique Government's plans...
CoAL Receives Environmental Go-ahead for South African Project
Coal of Africa (CoAL) has been granted environmental authorisation for its Vele coking coal project in the Limpopo Province, South Africa. The authorisation has been granted by the...
American, Chinese and Russian Firms to Develop Mongolia Coal Deposit
A Russian-led consortium, Peabody Energy and a joint venture (JV) between Shenhua and Mitsui have been selected to jointly develop the Tavan Tolgoi coal deposit in Mongolia. Tavan Tolgoi...
Mawson West Completes Feasibility Study at DRC Project
Mawson West has received positive feasibility study results for the development of open cut mine at its Kapulo copper project in the Democratic Republic of the Congo. According to the study,...
HudBay to Build Ore Concentrator at Canadian Project
HudBay Minerals is planning to invest $144m in the construction of a new ore concentrator at Lalor zinc-copper-gold project in Manitoba, Canada. An optimisation study has supported an...
Sydvaranger to Supply Iron Ore to Tata Steel UK
Northern Iron's subsidiary Sydvaranger Gruve has signed a long-term offtake agreement with Tata Steel UK to supply iron ore concentrate from its mining operations in northern Norway. Under...
Mantra Resources to Build Uranium Mine in Tanzania
Australia-based Mantra Resources is planning to build a uranium mine worth $400m in Tanzania in the next three years. The Tanzania Government will allocate about 345km² of land in...
Mineral Resources Secures $1bn Contract for Australia Project
Fortescue Metals Group has awarded a $1bn contract to Mineral Resources for the design, construction and operation of the second ore processing facility and related infrastructure at...
Japanese Scientists Discover Rare Earth Minerals in Pacific Ocean
Japanese scientists have discovered vast deposits of rare earth minerals in the Pacific Ocean seabed, which can be used in high-tech appliances. About 100 billion tons of rare earth...
Bissa Gold Gains Mining Licence for Burkina Faso Project
High River Gold Mines' subsidiary Bissa Gold has received a mining licence from the government authorities of Burkina Faso for its Bissa gold project in West Africa. The mining license has...
Eldorado Gold Starts Operations at Turkey Gold Mine
Eldorado Gold has started operations at Efemcukuru gold mine in Izmir, Turkey, with all necessary permits to carry out full mining and processing operations in place. Currently, low grade...
BHP Receives EIS Approval for Jansen Project
BHP Billiton has been granted environmental impact statement (EIS) approval from the Saskatchewan Ministry of Environment for the development of the Jansen potash project in Saskatchewan, Canada. ...
AMEC to Conduct Feasibility Studies for Namibian Uranium Projects
Engineering and project management firm AMEC has secured two contracts to carry out definitive feasibility studies for uranium projects in Namibia. The work will be carried out by the...
Outotec Secures Iron Pelletizing Plant Contract in Brazil
Finland-based Outotec has received a €200m contract from Samarco Mineração to deliver an iron ore pelletizing plant in Brazil. The plant will be installed at Samarco's iron ore port...
Proto Resources Receives Mining Lease in Tasmania
Proto Resources & Investments has received a mining lease from the Tasmanian Government for the firm's Barnes Hill project near Beaconsfield, Tasmania, for an initial period of 15 years. ...
China Hit by Two Coal Mine Disasters
Heavy flooding in China has led to two separate coal mine accidents, which killed three people and trapped more than 40 on Saturday. In the first accident, heavy rains caused part of a coal...
Nordex to Supply Explosives to Canadian Mine
Nordex Explosives has entered into a supply agreement with First Nickel for the supply of explosive products to their Lockerby Mine in Ontario, Canada, for six years. Under the terms of...
Vale Increases Coal Production at Mozambique Mine
Vale has increased its initial coal production target at the Moatize mine in Mozambique by 76% and is planning to quadruple that result in 2012. Vale sales manager Marcelo Matos said Moatize...
Northland Resources and Peab form JV for Iron Ore Transportation
Northland Resources has signed a letter of intent with civil and construction engineering company Peab to form a joint venture to manage transportation of iron ore from Northland's Kaunisvaara...
Moly Mines Signs Loan Agreements for Spinifex Ridge Mine
Moly Mines has signed project debt agreements valued at $494m with the China Development Bank Corporation (CDB) for the construction of the Spinifex Ridge molybdenum/copper mine in...
Deals This Week: NMDC, Xstrata, Avocet and More...
Indian firm National Mineral Development Corporation (NMDC) is in negotiations to acquire a controlling stake in Brazil's Greystone Mineracao do Brasil, which is owned by Zamin Ferrous, for...
Woulfe Mining Sets Date for Production at South Korean Project
Woulfe Mining is planning to start production from its Sangdong tungsten and molybenum project in South Korea in 2012, the company has announced. Woulfe has completed a 19-hole...
June 2011
Top
Cassidy Gold Receives Exploration Permit in Guinea
Cassidy Gold has received an exploitation permit covering all gold resources identified to date at its Kouroussa gold project in Guinea, West Africa. The exploitation permit covers a total...
Rio Tinto Awards CiDRA Supply Contract for Mongolian Project
Rio Tinto has selected CiDRA Minerals Processing's SONARtrac flow monitoring systems for its slurry lines at its Oyu Tolgoi project in Mongolia. CiDRA will install 30 lines at the...
Nuinsco and Ocean Partners Gain Approval to Access Chibougamau Assets
Nuinsco Resources and Ocean Partners have received approval from the Quebec Superior Court in Canada to acquire all exploration, mining and processing assets previously owned by Les...
Wallbridge Delivers Material to Xstrata's Mill for Processing
Wallbridge Mining has completed the delivery of 30,500t of material from its Broken Hammer platinum-palladium-copper deposit to Xstrata's Strathcona mill in Sudbury, Canada for processing. ...
White Tiger Commissions Crusher for Siberian Gold Project
White Tiger Gold has commissioned a new CH 430 Sandvik cone crusher for its Savkino heap leach gold operation at Savkino gold project in south Siberia, Russian Federation. The firm expects...
Bellzone Mining Completes Studies on Guinea Project
Bellzone Mining has announced the completion of the socioeconomic and environmental studies for the Kalia mine project in the Republic of Guinea. The studies were conducted by...
Orvana Completes Prefeasibility Study at US Copper Project
Orvana Minerals' subsidiary Orvana Resources US has completed the prefeasibility study for its Copperwood copper project in Michigan, US. The cost of pre-production capital is estimated...
Peru Cancels Concession for Bear Creek Mine
The federal government of Peru has cancelled the concession for Bear Creek Mining's Santa Ana silver project in the Puno region, following protests against the development last week. ...
BHP to Invest in Canadian Potash Project
BHP Billiton will invest an additional $488m in the development of the Jansen potash project in Saskatchewan, Canada, which will be used to fund site preparation and the procurement of long...
UC RUSAL to Explore Low Iron Bauxite in Komi
Russian firm UC RUSAL has started a project for the extraction of low iron bauxite in the Republic of Komi through its subsidiary Timan Bauxite. UC RUSAL is expecting to extract bauxite...
NMDC Considers $1bn Stake in Brazilian Firm
Indian firm National Mineral Development Corporation (NMDC) is in negotiations to acquire a controlling stake in Brazil's Greystone Mineracao do Brasil, which is owned by Zamin Ferrous, for...
Collahuasi to Commence Prefeasibility Study for Chilean Copper Project
Compania Minera Dona Ines de Collahuasi SCM's board has given approval for the commencement of a prefeasibility study for the third phase of the Collahuasi copper project in Chile. ...
Orbit Garant Renews Drilling Contract with Newmont Mining
Orbit Garant Drilling has renewed a diamond core drilling services contract with Hope Bay Mining at the Hope Bay gold mining project in Nunavut, Canada. The company, which was...
Joy Global Acquires LeTourneau Technologies for $1.1bn
Mining solutions provider Joy Global has completed the acquisition of LeTourneau Technologies for $1.1bn in cash. Joy Global concluded the transaction with Rowan Companies, a provider...
IMG Signs Iron Ore Sale Contract
Iron Mining Group subsidiary IMG Iron Ore Trading (IMG Trading) has entered into a contract for sale of iron ore to an undisclosed global physical commodities company. Under the terms of the...
Solid Energy to Reopen Ohai Mine in New Zealand
Coal mining company Solid Energy will reopen its Ohai mine in Western Southland, New Zealand, after discovering a new 50,000t coal deposit. The company said it would continue exploration...
WorleyParsons Secures Tailings Management Contract
WorleyParsons' subsidiary WorleyParsonsCord has received a contract to engineer and build tailings treatment facilities at the Syncrude Aurora Mine in Alberta, Canada. The contract is valued...
Mercator Minerals Acquires Creston Moly
Mercator Minerals has completed acquisition of Creston Moly Corp, for an undisclosed sum. Creston will become a wholly owned subsidiary of Mercator following the transaction, which has...
Kalimantan Gold Gets Extension on Gold Mining Permit
Kalimantan Gold Corporation has extended its mining permit at the Jelai Gold project in East Kalimantan until 2 June 2015. The extension fulfils one of the two conditions of the option...
Deals This Week: Nyrstar, Orosur, Guangdong Rising Assets Management and More...
Nyrstar subsidiary Nyrstar Resources Canada has agreed to purchase Canadian mineral resource company Breakwater Resources for C$663m (US$677.4m). The offer will expire on 29 July 2011,...
Strike Action Planned at BHP Coal Mines in Australia
Union workers plan to strike later this week at six BHP Billiton- and Mitsubishi-owned coal mines in Queensland, Australia. The strikes will occur during the night shift at mines from 24 June...
Prosperity Goldfields Receives Drilling Permits for Gold Project
Prosperity Goldfields Corp has received drilling permits for its 100%-owned Kiyuk gold project located in Nunavut, Canada. The company plans to undertake 3,500m of diamond drilling to test...
NRW Holdings and Rio Tinto Sign Agreement for Pilbara Expansion
Civil and mining contractor NRW Holdings’ subsidiary NRW has signed a framework agreement with Rio Tinto's iron ore business for its Pilbara expansion programme in Western Australia. ...
Gold Fields Receives Approval for IAMGOLD Acquisition
Gold Fields has received approval from its stakeholders to acquire IAMGOLD's 18.9% stake in the Tarkwa and Damang gold mines in Ghana for $667m. The acquisition, first announced on 15 April...
Baja Mining Breaks Ground at Mexican Mining Project
Baja Mining has broken ground at its 70% Boleo copper-cobalt-zinc project in Baja California Sur, Mexico. The company has invested $1.2bn in the construction project, in which a Korean...
Dingli to Acquire Majority Stake in Xinbao Mining
Shanghai Dingli Technology Development has unveiled plans to acquire a 51% interest in Guilin Gongcheng Xinbao Mining for 178m yuan ($27.5m). Shanghai Dingli also intends to invest an...
US Extends Ban on Uranium Mining Near Grand Canyon
The US government has extended a temporary ban on new uranium mine stakes around the Grand Canyon in Arizona by six months. The extension will give officials time to study the impact of a...
Portage Signs LOI to Buy Peruvian Mining Assets
Portage Resources (Portage) has signed a letter of intent (LOI) with Airon Peru and Albroock Gold Peru to purchase Wukakuy properties located in Peru, for an undisclosed sum. The company...
G&M Wins Permit for Selib North Project in Saudi Arabia
Gold & Minerals has received a grant from KEFI Minerals for the first mineral exploration licence at Selib North project in Saudi Arabia. The licence, which is renewable for five years,...
China Plans to Create Heavy Rare Earth Reserve
China plans to create a strategic heavy rare earth reserve in its effort to protect key resources and ensure supplies for the domestic market. The plan, if approved by the government, would...
Adex to Evaluate Mount Pleasant Mine Development
Canada-based Adex Mining is in the process of evaluating the feasibility of developing the Mount Pleasant Mine in New Brunswick, Canada. The company will take about a year to decide whether...
Rusoro and Vittoria Sign Service Agreement for Venezuelan Mine
Rusoro Mining has entered into an agreement with Vittoria to provide mining services at its Choco Mine in Venezuela. Vittoria will provide loading, hauling and dumping of material as part of...
Tata Steel to Sell Riversdale Mining Stake for $1.6bn
Indian firm Tata Steel will sell its stake in Riversdale Mining to Rio Tinto for a total value of A$1.06bn (US$1.12bn). Tata Steel holds a 26.27% stake in Riversdale Mining through...
Catalpa and Conquest to Merge and Acquire Newcrest Mining
Catalpa Resources and Conquest Mining have entered into a binding transaction agreement to form a merged entity that will purchase Newcrest Mining's interests in the Cracow and Mt Rawdon gold...
Cimeco Secures Iron Ore Contracts in Australia
Forge Group's subsidiary Cimeco has been awarded new contracts worth $102m for iron ore projects in Australia. Cimeco will provide mine buildings and support facilities for Rio Tinto's...
ITOCHU to Invest $1.5bn in Drummond JV Stake
Drummond Company has reached an agreement with ITOCHU to form a new entity that will own and operate coal mining operations and transportation infrastructure in Colombia. Drummond will own an...
NNT Secures Loan to Expand Indonesian Project
Indonesian firm PT Newmont Nusa Tenggara (NNT) has secured a $600m credit facility to fund its expansion plan at its Batu Hijau gold and copper mine in West Nusa Tenggara, Indonesia. NNT...
Rio Tinto Speeds Up Iron Ore Expansion in Pilbara Region
Rio Tinto is investing $676m in early works and procurement at the Pilbara region of Western Australia, to speed up its iron ore expansion programme. With this investment, the firm will raise...
Deals This Week: Arch Coal, Gloucester Coal, Glencore, Kangaroo and More...
Arch Coal has completed its acquisition of International Coal Group (ICG), through a merger with ICG for a total value of $3.4bn. Prior to the merger, Arch acquired about 92% of ICG's...
Nyrstar to Acquire Breakwater Resources for $636m
Nyrstar has entered into a binding agreement with Breakwater Resources to acquire all of the issued and outstanding shares of Breakwater via a friendly takeover bid for a total value of...
OceanaGold Commences Construction at Philippines Project
OceanaGold Corporation has started construction activities at its Didipio project located in northern Luzon, the Philippines. The firm has identified opportunities through further...
First Quantum to Increase Copper Production in Zambia
First Quantum Minerals' subsidiary Kansanshi Mining may spend about $900m on increasing production at its Kansanshi mine in Zambia over the next three years. Kansanshi general manager...
Xstrata Copper to Export First Shipment of Magnetite to Asia
Xstrata Copper is planning to export the first shipment of magnetite concentrate to Asia, from its A$79m (US$84m) magnetite project at Ernest Henry Mining in Queensland, Australia. The export...
Catalyst Resource Constructs Metals Facility in California
Metals recovery and technologies firm Catalyst Resource Group has completed construction of its laboratory and recovery facility in California, US. The facility consists of commercial...
Kazakhmys Secures $1.5bn Loan for Copper Project
Kazakhmys has signed a memorandum of understanding (MoU) with the China Development Bank Corporation (CDB) to secure a $1.5bn loan that will be used to develop the copper project at...
Canada Lithium Completes Feasibility Study for Québec Project
Canada Lithium has completed the updated feasibility study for the development of a mine and lithium carbonate processing facility at its lithium project in Québec. The study was carried out...
Eldorado Receives Key Permits for Turkey Projects
Eldorado Gold’s subsidiary Tuprag Metal Madencilik Sanayi ve Ticaret has received key permits for its gold projects in Turkey. The firm has received a trail operating permit for its...
Xstrata to Begin Prefeasibility Study on Chilean Project
Xstrata Copper's executive committee has given approval for a prefeasibility study to begin evaluating the development of a copper sulphide deposit at the Lomas Bayas project, northern Chile. ...
Santa Teresa Signs Agreement to Acquire Stake in Chilean Gold Mine
Santa Teresa Minerals, a wholly-owned subsidiary of Casablanca Mining has signed an agreement to acquire interests in a hard rock gold mine in Rancagua, Chile. Post transaction, the company...
Ethiopia to Achieve Mining Export Target Early
Ethiopia is expected to double the mining exports to an annual $1bn earlier than planned. Ethiopian Mining Minister Sinkenesh Ejigu told Reuters that the country is expected to earn...
Australia Issues Mining Tax Draft Legislation
Australia has issued a draft mining tax law which is expected to raise A$7.7bn ($8.2bn) in the first two years of implementation. The tax will be introduced on 1 July next year, if the...
Tanzania Plans to Levy Super-Profit Tax on New Entrants
Tanzania will discuss with mining companies how a super-profit tax will be implemented if the parliament approves the proposed plan. Tanzanian Mines Minister William Ngeleja said new entrants...
Alexis Initiates Lac Herbin Mine Turnaround Plan
Alexis Minerals Corporation has initiated a turnaround plan for the Lac Herbin mine to improve recoveries, make significant near mine exploration and carry out intensive underground development. ...
Profit Margins of Top Miners Shrink on Rising Costs
The profit margins of the 40 top mining companies globally have decreased compared to 2006 and 2007 levels due to higher costs, according to PricewaterhouseCoopers. The companies recorded a...
Workers at Six Queensland Coal Mines Plan Strike
Over 2000 workers at Queensland coal mines in north-eastern Australia operated by BHP Billiton are planning to go on strike. BHP has been notified that workers at six mines owned by...
Sumitomo Discovers Gold and Silver, Antimony Zone at Alaskan Mine
Sumitomo Metal Mining (SMM) and Sumitomo Corporation (SC) have discovered a gold, silver and antimony zone in the Monte Cristo area of the Stone Boy project in Alaska, US. The discoveries...
Ok Tedi Losing $5.5m a Day from Production Halt
The Ok Tedi mine in Papua New Guinea is losing $5.5m every day after a pyrite concentrate waste pipeline rupture halted production. Four localised ruptures occurred in a small section of...
Indian Firm Awarded Zambian Copper Refinery EPC Contract
India-based Hindustan Dorr-Oliver has been awarded a contract by Zambian Konkola Copper Mine for the expansion of its copper refinery at Chingola. The $85m contract involves residual...
Uranium One Completes Acquisition of Mantra Resources
Canadian mining company Uranium One has announced that its 51% shareholder, JSC Atomredmetzoloto (ARMZ), has completed the acquisition of Mantra Resources (Mantra). Uranium One has now become...
Deals This Week: Polyus, MRC Allied and More
Russia-based Polyus Gold has begun merger negotiations with Newmont Mining, Newcrest Mining and AngloGold Ashanti. The merged company is expected to be placed in the top four gold...
Meijin Plans Thermal Coal Mine in Australia
China-based coke producer Meijin Energy has unveiled plans to build a thermal coal mine in Queensland, Australia, at an estimated cost of A$3bn (US$3.2bn). Meijin said it found a coal...
Copper Mountain to Start Full Production at Canadian Mine
Copper Mountain Mine Corporation has completed the construction of the processing plant at Copper Mountain Mine in British Columbia, Canada, and will begin full production later this...
Massey Report Contradicts Federal Investigations into Virginia Mine Blast
A report released by the former chairman of Massey Energy said that the explosion at the Upper Big Branch mine in West Virginia, US, that killed 29 men in April last year was caused by natural...
ArcelorMittal Starts Production at Liberian Iron Ore Project
ArcelorMittal has begun production at its $1.5bn Mount Nimba iron ore project in Liberia, after work was halted last year. The company first shipment is scheduled for this month,...
Thiess Receives $237m Contract Extension
Thiess has received a A$222m ($237.1m) contract extension from Peabody Energy Australia to continue mining operations at the Wilpinjong Coal Mine in New South Wales, Australia. Mine owner...
Kinross Gold Commissions Third Ball Mill at Paracatu Mine
Canadian-based gold mining company Kinross Gold Corp has commissioned the third ball mill at its Paracatu expansion plant in Minas Gerais, Brazil. The mill has been recently installed and...
Wesgold Minerals to Obtain 51% Stake in Colombian Mineral Project
Canada-based mineral exploration company Wesgold Minerals has entered into an agreement pursuant to which it may obtain a 51% stake in the Cordoba Property, Colombia, from Minatura International. ...
Sable Buys Interest in Liberation Mining
Sable Mining Africa has bought 49% interest in Liberation Mining for an undisclosed sum. Liberation Mining is the owner of the Lubimbi Coal Project in the Gwaai area of the Kariba coal basin...
ICVL to Buy Stake in Mozambique Coal Project for $1bn
India-based International Coal Ventures (ICVL) is considering an option to acquire a 59% stake in Mozambique's Minas de Revuboé for an estimated $1bn from the Talbot Group. Minas de...
Ecuador Expects $3.5bn Investment in Mining Sector
Ecuador's minister for non-renewable natural resources Wilson Pastor has said the nation's mining sector is expected to receive $3.5bn in foreign investment. Currently, international...
SNC-Lavalin to Develop Feasibility Study for Scandium Project
EMC Metals Corp (EMC) has selected SNC-Lavalin to develop a feasibility study on the Nyngan Scandium project in New South Wales, Australia. The company is currently in the process of...
Alpha Natural Resources Acquires Massey Energy
Alpha Natural Resources has completed the acquisition of Massey Energy, creating a coal company in the US, the company has announced. Massey stockholders received 1.025 shares of common stock...
True North Gems Completes PFS on Greenland Project
True North Gems has completed a pre-feasibility study (PFS) for the Aappaluttoq ruby and pink sapphire project in south-west Greenland. According to the PFS, the project will require an...
Rio Tinto and Chinalco Form JV
Rio Tinto and Chinalco have signed a contract to form a joint venture (JV) company to explore mineral deposits, including copper, coal, potash, in mainland China. Rio Tinto will hold...
Minemakers and NMDC to Develop Australian Phosphate Deposit
Australia-based Minemakers has signed a non-binding memorandum of understanding (MoU) with Indian-firm NMDC to develop the Wonarah phosphate deposit in Northern Territory, Australia. Under...
Peab Secures Civil Works Contract for Swedish Iron Ore Project
Northland Resources has awarded a SEK800m ($125m) contract to Norway-based Peab to construct all civil works for the industrial area of the Kaunisvaara iron ore project in northern...
Osisko Mining Starts Work on Canadian Malartic Gold Mine
Osisko Mining has officially inaugurated the Canadian Malartic gold mine located in Abitibi, Canada. The Canadian Malartic mine, which is Osisko's first mine to go into production, covers...
Deals This Week: Mongolian Mining, Talvivaara Mining and More...
Mongolian Mining is to acquire the Baruun Naran mine in Mongolia from QGX Holdings for a total value of $464.5m. QGX Holdings will receive $379.5m in cash and $85m in convertible bonds...
NIER to Develop Safer Mining Technology
The Newcastle Institute for Energy and Resources (NIER) in Australia is to develop new technology to make mines more efficient, sustainable and safer. NIER will develop mathematical...
Erdene Awarded Mining Licence for Mongolian Project
Erdene Resource Development has received a mining licence from the Government of Mongolia for its Zuun Mod molybdenum-copper project. The Zuun Mod mining licence covers an area of...
Ferrominera Orinoco Receives $900m Loan from China
Venezuela-based iron firm Ferrominera Orinoco has received a $900m loan from China, to increase its iron output capacity. Ferrominera Orinoco will use half of the loan to build a second...
Whitehaven Extends Tarrawonga JV with Boggabri Coal
Whitehaven Coal (WHC) has entered into an agreement with Idemitsu Australia Resources subsidiary Boggabri Coal to extend its existing Tarrawonga joint venture (JV). Under the terms of...
Ausenco Bags EPCM Contract for Brazilian Gold Project
Beadell Resources has awarded a A$75m (US$80m) engineering, procurement, construction and management (EPCM) contract to Ausenco for its CIL plant at the Tucano gold project in...
Brierty to Provide Mining Services to Karara Iron Project
Gindalbie Metals has awarded a contract to Briety to supply haematite mining and associated services at its Karara iron ore project in Western Australia. Under the $185m contract, which...
Jake Mining to Develop $2bn Gold-Copper Project in the Philippines
The Philippines' Jake Mining will develop a gold and copper prospect in southern Philippines at an estimated cost of $2bn. The firm is in negotiations with seven to eight foreign groups...
Antioquia Discovers Two Gold Mineralised Zones at Colombian Project
Antioquia Gold has discovered two new mineralised zones at its initial drilling programme at the Cisneros project in Colombia. The results include an assay of 7.27g/t gold over a length...
Metso Secures Contract for Russian Copper Project
Global Engineering firm Metso has won a €200m contract to supply minerals processing equipment and services to Russia's ZAO for its Mikheevsky GOK copper project in...
Venus Metals Acquires Processing Plant for Diamond Project
Venus Metals Corporation has purchased a containerised, modular diamond processing plant for its alluvial diamond project located at Smoke Creek, Western Australia. The processing plant...
May 2011
Top
Apogee Silver Receives Mining Permit for Bolivian Silver Project
Apogee Silver has received an environmental mining permit approval from the Bolivian authorities for its Pulacayo project. The permit will allow the firm to conduct underground exploration...
Aura Energy Discovers Uranium Mineralisation at Sweden Project
Aura Energy has identified extensive uranium mineralisation from an initial drilling programme on its Kallsedet uranium project in Sweden. The firm has conducted 419m of drilling on four...
CIL Eyes Stake in Indonesian Coal Assets
State-run Coal India (CIL) is planning to submit a bid next month to buy a 40% stake in Indonesia-based Golden Energy Mines for an estimated $1bn. CIL is in the process of completing the...
SARCO Receives Loan Proposal for Alumina Refinery
China Minsheng Banking (CMBC) has offered to finance a $600m proposed alumina refinery built at Laos by Sino Australian Resources (SARCO). CMBC said it will provide 70% of the finance for...
Caterpillar Opens New Remanufacturing Facility in Singapore
Mining equipment manufacturer Caterpillar has opened a new 20,000m² remanufacturing facility in Singapore, which aims to reduce waste and the need for raw materials. The new...
Terra Firma Gains High-Grade Mineral Yield from Indonesian Project
Terra Firma Resources has received high-grade copper and silver mineralisation from the first reconnaissance sample results of the initial exploration programme at Malawa property in...
Deals This Week: Gold One, Exxaro, Hunnu Coal and More...
Gold One International has signed a sale of shares agreement to acquire 100% of Rand Uranium, which is expected to potentially boost the company's gold production to 300,000oz a year. Gold...
Cobar Receives Approval for Silver Project in Australia
Cobar Consolidated Resources has received development approval from the Western Region Joint Regional Planning Panel for the Wonawinta Silver project in New South Wales, Australia. The...
GTSO, Ar Erkhes to Work on Rare Earth Project
Green Technology Solutions (GTSO) has signed a letter of intent with Mongolia's Ar Erkhes to excavate and ship rare earth ore from three mining sites in Mongolia to South Korea. Both firms...
Australian-American Mining to Begin Drilling at US Project
Australian-American Mining has approved a major drilling programme at the Rio Puerco uranium project located in New Mexico, US. The firm has planned a 7,700m drill programme with 35...
NMDC to Acquire 50% Stake in Legacy Iron Ore
Indian firm NMDC has signed a memorandum of understanding with Australia-based Legacy Iron Ore to acquire up to a 50% stake in the company. NMDC chairman and managing director Rana Som said...
Indonesia to Audit Thousands of Existing Mining Permits
Indonesia is to audit over 8,000 existing mining permits, to check if they are in line with the mining and environmental laws of the country. Last week, Indonesia President Susilo...
RUSCAL Eyes Cameroon Metal Projects
Russia's largest aluminium producer RUSAL has signed a memorandum of intent with Cameroon's Ministry of Industry, Mines and Technology Development to undertake a wide-ranging feasibility study...
SAIL to Open Tenders for Iron and Coal Developments
Steel Authority of India (SAIL) is planning to open a global tender to outsource the mining of its 2bn-ton iron ore reserves at Chiria mines in Chattisgarh, India. The firm will appoint...
Moly Mines Awards EPC Contract to CACS
Moly Mines' subsidiary Moly Metals Australia (MMA) has awarded an engineering, procurement and construction (EPC) contract to CACS Corporation of China for its Spinifex Ridge...
National Union Demands Pay Rise for South African Miners
The National Union of Mineworkers has demanded a pay rise for gold and coal miners in South Africa. The union has demanded an increase of 25% to the monthly minimum wage, and a 14% increase...
BHP Terminates JV with Blackthorn Resources
BHP Billiton will withdraw its direct involvement in the Mumbwa Project in Zambia, Blackthorn Resources has been advised. The company will assign its interest in the JV to Blackthorn...
Arcelor Mittal to Invest $2.1bn in Canadian Mining Complex Expansion
Arcelor Mittal is planning to invest C$2.1bn (US$2.15bn) to expand its Mont-Wright mining complex and additional construction at Port-Cartier in Canada. The firm is planning to increase its...
MSC to form JV with DRC for Tin Development
Malaysia Smelting Corporation (MSC) has entered into a confidentiality agreement with the Ministry of Mines of the Democratic Republic of Congo (DRC), regarding a possible joint venture (JV)...
Avanco Resources Makes New Copper Discovery at Brazilian Project
Avanco Resources has confirmed a new copper discovery at its Serra Verde project located in Carajas Mineral Province, Brazil. The new discovery, located about 300m south-east of the...
Easternwell Secures Drilling Services Contract from Fortescue Metals
Transfield Services' subsidiary Easternwell has received a contract from Fortescue Metals Group to provide drilling services and associated equipment to its mining operations in Western Australia....
Namibia to Increase Stake in De Beers Marine
The Government of the Republic of Namibia (GRN) has signed an agreement with the De Beers Group to increase its shareholding in De Beers Marine Namibia (DBMN) from 15% to 50%. Shareholders...
Wolf Minerals Receives Positive DFS for UK Tungsten Project
Wolf Minerals has received a positive definitive feasibility study (DFS) for its Hemerdon tungsten and tin project in the UK. The project consists of a two-stage open pit, along with a...
Kalagadi Manganese Project Secures €150m Loan
The African Development Bank (AfDB) has approved a €150m loan to finance the Kalagadi manganese mining project in South Africa. The work will include mining and processing operations in...
Xstrata to Expand Mining Operations at Mount Isa
Xstrata is planning to sustain its Mount Isa mine operations by expanding mining and concentrate production, and phasing out copper smelting and refining by the end of 2016. The Mount Isa...
Deals This Week: Joy Global, St Barbara, Gloucester Coal and More...
US-based high productivity mining solutions provider Joy Global has entered into a definitive agreement to acquire a 100% ownership interest in Rowan Companies' LeTourneau Technologies for...
Nautilus Completes Drilling at Solwara Project in PNG
Nautilus Minerals has completed its 2010-11 seafloor drilling programme at the Solwara Project located in Bismarck Sea, Papua New Guinea (PNG). During the drilling programme, Nautilus completed...
Reliance to Invest up to $10bn in Indonesian Mining Infrastructure
Indian firm Reliance ADA Group is planning to invest between $5bn and $10bn in the development of the coal mining infrastructure in Indonesia. The firm has acquired a coal mine on Sumatra...
Australia Addresses Skills Policy for Mining Sector
The Chamber of Minerals and Energy of Western Australia (CME), Queensland Resources Council (QRC) and SkillsDMC have signed a memorandum of understanding (MoU) to identify strategies to source...
La Mancha Receives Positive DFS for Sudan Gold Mine Project
La Mancha Resources has received a positive definitive feasibility study (DFS) for the upgrade of its heap leach plant, which uses carbon-in-leach (CIL) technology at the Hassai gold mine...
Extorre Receives EIA Approval for Argentinian Gold-Silver Mine
Extorre Gold Mines has received a positive environmental impact assessment (EIA) for its Cerro Moro gold-silver mine from the Santa Cruz provincial government, Argentina. With receipt of...
CIL May Form JV with Peabody to Develop Australian Coal Mine
Coal India (CIL) is in talks with US-based Peabody Energy to form a joint venture (JV) to develop the $600m Wilkie Creek coal mine in Queensland, Australia. Peabody Energy will hold 85% stake...
Vale Starts Nickel Operations at Brazilian Plant
Vale has started nickel production operations at its $2.48bn Onca Puma ferronickel plant in south-east Para, Brazil. The plant will use deposits of lateritic nickel from areas in the...
Platinum Group Receives Mining Rights for South African Mine
Platinum Group Metals has received mining rights for its WBJV Project 1 platinum mine from the South African Department of Mineral Resources (DMR). With the receipt of mining rights, the...
Joy Global to Acquire LeTourneau for $1.1bn
US-based high productivity mining solutions provider Joy Global has entered into a definitive agreement to acquire 100% ownership interest in Rowan Companies' LeTourneau Technologies for $1.1bn...
Quadra FNX to Develop Chilean Project
Sumitomo Metal Mining (SMM) and Sumitomo Corporation (SC) have signed an investment agreement with Quadra FNX Mining for the development of the Sierra Gorda project in Chile. Under the terms...
Sundance Resources Seeks Chinese Partner to Develop Mbalam Project
Sundance Resources is set to develop its Mbalam project in Cameroon, and may sell half of the development to a Chinese partner to help fund construction. Sundance completed a study of the...
Gloucester Coal to Acquire Two Australian Coal Assets
Gloucester Coal has entered into an agreement to acquire Noble's 100% interest in Donaldson Coal Holdings for a total value of A$585m ($618m). Donaldson Coal's assets include one open-cut...
BHP Billiton Releases Environmental Impact Statement for Australian Project
BHP Billiton has released the final supplementary environmental impact statement (SEIS) for the expansion of its Olympic Dam project in South Australia. The firm submitted the SEIS for...
St Barbara to Merge with Catalpa Resources
Australian firms St Barbara and Catalpa Resources are planning to merge to form a mid-tier gold company. The A$865m ($914m) merged company will have four Australian production assets,...
Heirro IMG to Explore Mineral Concessions in Mexico
Iron Mining Group's (IMG) subsidiary Heirro IMG Mexico has signed an exclusive iron ore development agreement with Minera BarraNava to explore mineral concessions in Mexico. According to...
Aquila Resources Completes PFS on Hardey Deposit
Aquila Resources has completed the pre-feasibility (PFS) study for its Hardey iron ore project, which is located near the West Pilbara iron ore project in Western Australia. The total cost...
Venture Minerals Sets 2013 Start Date for Tasmanian Tin Production
Venture Minerals is planning to start tin production, from its Mount Lindsay project in Tasmania in 2013, as increased tin prices have resulted in market demand. Venture Minerals...
Aurium Receives Drilling Permit for Telecom Hill
Aurium Resources has received drilling approval from the Department of Mines and Petroleum for Telecom Hill, which is part of the Peak Hill Iron joint venture (JV) in Australia. The Peak...
Yanzhou Coal Offers $3.74bn for Whitehaven Coal
Yanzhou Coal Mining of China has offered more than $3.74bn to acquire Australian coal miner Whitehaven Coal. Last year, Whitehaven Coal put itself up for auction, and was seeking offers of...
Deals This Week: Cloud Peak, Newmont Mining, Severstal, Brilliant Mining and More...
Cloud Peak Energy has acquired the lease of West Antelope II North Coal Tract from the Bureau of Land Management (BLM) for a total value of $297.7m. According to BLM, the tract...
Barminco is Awarded $500m Renewal Contract for Sunrise Dam Project
AngloGold Ashanti has awarded a mining services contract worth about $500m to Barminco for its Sunrise Dam project, located 56km south of Laverton, Western Australia. Under the...
Metinvest to Invest $619m for Modernisation of Ukrainian Iron Ore Works
Ukraine's Metinvest is planning to invest about UAH5bn ($619m) for the modernisation of iron ore enrichment works (GOKs) at its mining sites in the country. Metinvest will spend...
Ledcor Secures Mining Services Contract for US Gold Project
Golden Phoenix Minerals has awarded a mining services contract to Ledcor CMI for its Mineral Ridge Gold heap leach project in Nevada, US. Ledcor has begun mobilisation of equipment and setup...
BHP Approves Misery Project in Canada
BHP Billiton has announced the approval of the Misery open pit project at its EKATI diamond mine in the Northwest Territories, Canada. The firm expects stripping operations at the Misery...
Quebec to Invest $33bn in Mining Sector
The Quebec Government has launched 'Plan Nord' to develop its frozen northern reaches into a powerhouse of mining and renewable energy. The 25-year plan covers about 1.2 million km#&179 and...
Xstrata and Vale to Expand Canadian Fraser Mine
Xstrata Nickel and Vale have entered into a partnership agreement to expand Xstrata's Fraser mine in Ontario, Canada. Xstrata Nickel will mine copper ore from Vale's ore deposits, which...
Anvil Starts Copper Cathode Production at DRC Mine
Anvil Mining has started production of copper cathode at its Kinsevere stage two solvent extraction and electro-winning (SX-EW) mine in the Katanga province of the Democratic Republic of...
Vale Commences Operations at Mozambique Coal Mine
Vale has started mining operations at its $1.6bn Moatize coal project in the Tete province of Mozambique. The coal from the Moatize project will be transported through 600km of Sena...
Lonmin to Invest $2bn in Platinum Expansion
UK-based platinum firm Lonmin is planning to invest about $2bn to restart its mines in South Africa and increase its production. The firm will spend about $400m a year to increase...
FAST JV Wins BHP Contract for Iron Ore Expansion
Flour and SKM's joint venture FAST JV has received a contract from BHP Billiton for an iron ore expansion programme in Western Australia. FAST JV is a joint venture between Flour Australia...
Iberian Minerals Awarded Exploration Concessions in Spain
Iberian Minerals has received 17 exploration concessions for the underground copper-zinc Sotiel mine in Spain from Junta de Andalucia government. The firm will conduct a work...
Nautilus Secures Subsea Equipment for Papua New Guinea Mining Project
Nautilus Minerals has ordered a subsea slurry lift pump (SSLP) from GE Oil & Gas, as part of the next step to construct its seafloor production system at the Solwara 1 project in Papua New Guinea....
Sterlite Industries to Commission Coal Berth in South India
Vedanta Group's subsidiary Sterlite Industries is planning to commission a coal-handling facility worth $150m at Visakhapatnam in South India by July 2012. The coal berth will consist of a...
Ausenco Bags EPCM Contract for GDP3 Project
Ausenco Minerals has received an engineering procurement and construction management (EPCM) contract from Taseko Mines for the Gibraltar Development Plan 3 (GDP3) project in British...
Coal Mine Blast in Mexico Officially Kills 14 Miners
Rescue teams in Mexico have recovered the body of the last of the 14 miners who were killed in a gas explosion at a coal mine in Coahuila last week. The explosion, which occurred on 3 May,...
Rio Tinto Terminates JV with First Bauxite
Rio Tinto Mining and Exploration has terminated its option and joint venture (JV) agreement with First Bauxite Corporation. In 2008, Rio Tinto Exploration signed a letter of understanding...
Caterpillar Receives EU Approval for Bucyrus Acquisition
Construction equipment manufacturer Caterpillar has received approval from European Union (EU) antitrust regulators to buy Bucyrus International for $8.6bn. The European Commission said in...
Akara Mining Secures $100m Loan for Thai Mine
Kingsgate Consolidated's Thailand subsidiary Akara Mining has secured a $100m syndicated loan facility for the expansion of Chatree gold mine in Central Thailand. The loan facility will be...
Deals This Week: Arch Coal, Aquarius Platinum, Lake Share Gold and More...
Arch Coal has signed a definitive agreement with International Coal Group (ICG) to acquire all the outstanding shares of ICG for $14.60 per share, in an all-cash transaction valued at...
Mundra Acquires Australian Coal Terminal for $2bn
Indian firm Adani Enterprises' subsidiary Mundra Port & Special Economic Zone has won a $2bn bid to operate the Abbot Point X50 Coal Terminal in Queensland, Australia, for 99 years. The...
Spartan Discovers New Gold Mineralisation at Ziggurat Property
Spartan Gold has discovered a new Carlin-style gold mineralisation, alteration and felsic dike at Ziggurat property in Nevada, US. The new 'Whitehorse' discovery occurs in a window of...
Sandvik Secures Materials Handling Contract in Latin America
Sandvik Mining and Construction has signed a major materials handling contract worth SKr1.2bn ($197m) with an unnamed mining company in Latin America. Under the contract, Sandvik will design...
Monadelphous Wins $200m Contracts
Australia-based engineering group Monadelphous Group has received various maintenance and construction contracts worth $200m and contract extensions worth $140m. Under the contract the...
Mexican Coal Mine Blast Kills Five
Five trapped miners out of 14 are dead as a result of a gas explosion that occurred on 3 May 2011 at a small coal mine at Coahuila, Mexico. Authorities had to wait until toxic gases...
Century Mining to Expand Lamaque Mine
Century Mining has received approval to expand operations of the Lamaque mine in Val d'Or, Québec, from the Québec Ministry of Durable Development, Environment and Parks (MDDEP). Century...
CiDRA to Install Flow Meters at Argentina Mine
AngloGold Ashanti has awarded CiDRA Minerals Processing a contract for the installation of three flow meters at its Cerro Vanguardia mine in Patagonia, Argentina. CiDRA will install two of...
Vale Begins Operations at Oman Pelletising Plant
Vale has begun production at its $1.35bn pelletising plant in the coastal city of Sohar, Oman. The pelletising plant and distribution centre will serve as a hub for the growing demand of...
SKKGM Bags Exploration Concessions in Poland
The government of Poland has granted an exploration concession to Slasko Krakowska Kompania Górnictwa Metali (SKKGM), it has been announced. The licence is valid for six years, allowing the...
Arch Coal to Acquire ICG
Arch Coal has signed a definitive agreement with International Coal Group (ICG) to acquire all the outstanding shares of ICG for $14.60 per share, in an all-cash transaction valued at...
Seabridge Completes PFS for KSM Project
Seabridge Gold has completed an updated preliminary feasibility study (PFS) for its Kerr-Sulphurets-Mitchell (KSM) project located in northern British Columbia, Canada. According to the PFS,...
Mexican Blast Traps 14 Miners
A gas explosion at a coal mine in the town of Sabinas, Coahuila, Mexico, has left 14 workers trapped. According to officials the blast occurred in the early hours of Tuesday morning at a...
Petaquilla to Increase Gold Production Capacity at Panama Facility
Petaquilla Minerals is planning to increase its grinding and processing capacity as part of the expansion of its production system at the Molejon gold mine facility in Panama. The firm...
Sandvik Mining forms JV with Shandong Energy
Sandvik Mining and Construction has signed an agreement with Shandong Energy Machinery of China to form a 50/50 owned joint venture (JV) for the production and sales of coal mining equipment. ...
BHP Billiton and Vale to Invest $3.5bn in Brazilian Expansion Project
BHP Billiton and Vale have approved the expansion of the fourth pellet plant project at Samarco in Brazil with a total investment of $3.5bn to increase production capacity. BHP will invest...
GWA Signs Rail Haulage Agreement with WPG Resources
Genesee & Wyoming Australia (GWA) has signed a rail haulage agreement to transport 3.3Mpta of hematite iron ore from WPG Resources' Peculiar Knob mine in South Australia. GWA will operate...
April 2011
Top
Deals This Week: Barrick Gold, Rio Tinto, Gold One and More...
Barrick Gold has entered into a support agreement to acquire all issued and outstanding common shares of Equinox Minerals in a takeover offer valued at C$7.3bn (US$7.6bn). Equinox...
African Queen Mines Begins Field Work for Kenya Gold Project
African Queen Mines is carrying out field work for the phase 1 exploration programme at the Ugunja gold project located on the shores of Lake Victoria in Western Kenya. The firm is...
Crowflight Resumes Operations at Canadian Nickel Mine
Crowflight Minerals has received permission from the Mine Safety Branch of the Manitoba Government to resume mining operations at its Bucko Lake nickel deposit in Manitoba, Canada. ...
Western Sierra Receives Exploration Permit for Gold Crown Project
Western Sierra Mining has received exploration permit approval from the US state of Arizona for its Gold Crown property located in Skull Valley. The firm has received the grant subject...
Karara Mining Receives Loan for Iron Ore Project
Australia-based Gindalbie Metals' joint venture Karara Mining has secured a loan of $336m for the next phase of the Karara iron ore project in Western Australia. The loan was provided by...
Rio Tinto Signs Settlement Agreement With Guinea
Rio Tinto's subsidiary Simfer has signed a settlement agreement with the Government of Guinea to secure the southern concession of the Simandou project in Guinea. Under the terms of...
Barrick Gold to Acquire Equinox for $7.6bn
Barrick Gold has entered into a support agreement to acquire all issued and outstanding common shares of Equinox Minerals in a takeover offer valued at C$7.3bn ($7.6bn). Equinox assets...
Norilsk Nickel to Develop Copper Nickel Deposits in Russia
Norilsk Nickel is planning to develop copper-nickel deposits in Russia's Voronezh Region nickel areas, the firm has announced. According to the company's geological exploration...
Selwyn Chihong Secures Water Licence for Canada Project
Selwyn Chihong Mining has received a type B water licence from the Yukon Water Board for its Selwyn project located in Yukon, Canada. Selwyn Chihong Mining president and CEO Harlan Meade...
Leighton Joint Venture Secures Service Contract for Botswana Mines
A joint venture between Leighton International, Basil Read Mining and Bothakga Burrow has received a $586m mining service contract for Debswana diamond mines in Jwaneng, Botswana. Debswana...
Geovic Mining Approves Feasibility Study for African Project
Geovic Mining has accepted the final feasibility study for its Nkamouna cobalt-nickel-manganese project in Cameroon. The feasibility study has been prepared by Lycopodium Minerals and...
Xstrata to Acquire Exco Resources' Copper Assets
Xstrata Copper has entered into an agreement with Exco Resources to acquire the E1 and Monakoff copper tenements in north-west Queensland, Australia for a cash value of A$175m ($183m). El...
Regis Awards Mining Services Contract to MACA
Regis Resources has awarded a mining services contract worth $450m to MACA for its Garden Well gold project in Australia. Under the eight-year contract, MACA will provide various civil...
Alto Group Receives Environment Permit for West African Gold Project
Alto Group has received an environment permit from the Ministry of Mines of Mali for its Bogue gold project. With the receipt of this permit, the firm will begin production at the Bogue...
Nevado Resources and Neomet Sign Metal Extraction Agreement
Nevado Resources has signed an agreement with Neomet Technologies to apply the patented Neomet process to extract all valuable metals from its La Blache iron-titanium-vanadium project...
Metso to Supply Mineral Process Equipment to Swedish Project
Metso has secured a contract to supply mineral processing equipment and services to the two processing lines at Northland Resources's Kaunisvaara iron ore project in northern Sweden. Under...
L&L Signs Purchase Contracts with KISC
L&L Energy has entered into two purchase contracts with China-based Kunming Iron & Steel Group (KISC) to supply a total of 700,000t of coal. Under the first purchase contract, L&L will...
Ramelius Approves New Mine Plan for Australian Gold Mine
Ramelius Resources' board has approved a new mine plan for the Wattle Dam underground gold mine near Kambalda in Western Australia. The firm will mine a total of 216,000 tons of ore from...
Old Mining Law Threatens US Natural Treasures
An old mining law in the US is threatening the country's natural treasures, including the Grand Canyon National park, as mining claims on public lands increase, according a report by...
Capstone to Acquire Far West Mining
Capstone Mining has entered into a definitive agreement to acquire all of the issued and outstanding common shares of Far West Mining for a total value of C$725m ($755m). Far West owns...
Adamus Receives Mineral Licences in Liberia
Adamus Resources has been granted three mineral reconnaissance licences that cover an area of over 3,000km² in the Republic of Liberia. The licences are located in a highly...
Vale Begins Drilling at Brazilian Iron Ore Project
Vale has begun drilling at Avanco Resources' Trindade North iron ore project in Brazil. Currently, four rigs are operating on the project and the fifth rig will be mobilised in the...
NRW to Provide Mining Services for Australian Coal Project
NRW Holdings has received a five-year contract to provide mining services for the Middlemount coal project in Queensland, Australia for a total value of A$780m ($822.4m). NRW will...
Taurian to Build Manganese Plant in Zambia
Indian firm Taurian Manganese is planning to build a manganese processing plant in central Zambia with an investment of $150m. Taurian Manganese director Imran Merchant told Reuters...
Gold Fields to Acquire Stake in Ghana Gold Mines
Gold Fields Limited has entered into a binding agreement with IAMGOLD to acquire its 18.9% minority stake in the Tarkwa and Damang gold mines in Ghana, for a total value of $667m. With...
ICL to Expand Spanish Potash Unit
Israel Chemicals (ICL) is investing €160m ($231.6m) in the first stage of an expansion plan for its Iberpotash unit in Spain. Under the first stage, ICL will expand the...
Nautilus Minerals and Harren to Form JV for Seafloor Production
Nautilus Minerals has formed a strategic partnership with German shipping company Harren & Partner to form a joint venture company for its seafloor resource production. The new company...
M3 to Conduct Feasibility Study for US Copper Project
Curis Resources has awarded a contract to M3 Engineering to conduct a feasibility level study on final design, engineering, capital and operating costs for the Florence copper project in...
South Africa to Launch Online System of Minerals Rights Application
South Africa is set to launch an online system for mineral rights application this week that will ensure transparency and avoid administrative blunders. The Department of Mineral Resources...
RX Completes Decline at Drumlummon Mine in US
RX Exploration has connected a new decline to the current internal ramp system and existing historical workings of the Drumlummon mine in Montana, US. The new 'Gunsinger Decline' will...
ICL to Mine Polyhalite in UK Potash Mines
Israel Chemicals (ICL) is set to begin mining mineral salt polyhalite located at lower levels of its potash mines in the North Sea. According to geological studies conducted by ICL's...
Botswana Begins Exploration of Cameroon Diamond Field
Botswana Diamonds has started a 60 to 90-day exploration work programme on its diamond reconnaissance licence, located to the south of the Mobilong diamond field in Cameroon, to identify...
Deals This Week: Vale, Aquarius Platinum, GPIL and More...
Vale has made an offer to buy the total share capital of Metorex for a total value of R7.52bn ($1.12bn). Metorex's assets include Chibuluma mine in Zambia, which has an estimated...
Cortona and GBF Sign MoU for Australian Gold Project
Cortona Resources has entered into a memorandum of understanding (MoU) with underground mining services firm GBF Mining and Industrial Services to mine its high-grade Dargues Reef gold deposit...
NTPC to Begin Pakri Barwadih Coal Production Next Year
India-based NTPC is planning to start coal production from the Pakri Barwadih coal mine, located in Jarkhand, India, next year. NTPC's coal mining project general manager, Upendra Rao,...
Queensland Awards Legend Second Phosphate Mining Lease
Legend International Holdings has received a mining lease from the Queensland Government, Australia, for its Paradise North phosphate project. The mining lease ML90191 is the second...
MSHA Issues Violation Notices to Two US Coal Mines
The US Department of Labor's Mine Safety and Health Administration (MSHA) has issued a notice of a pattern of violations (PoV) to two coal mining operations under the federal Mine Safety and...
OceanaGold to Begin Construction of Philippine Mine
Australia-based OceanaGold is planning to start the construction of its Didipio gold-copper project in the Philippines within the next few months. The firm has awarded the engineering,...
Lu'an Group Tests Underground Mining Refuge Chamber
Lu'an Group has tested an underground refuge chamber at the Changcum coal mine in Jilin, China, which can be used during rescue operations. A group of 80 miners, rescue workers and...
Moly Mines Receives $500m Boost from the China Development Bank
Moly Mines has received $500m in funds from the China Development Bank (CDB) to develop the Spinifex Ridge molybdenum/copper mine in Western Australia. The CDB has increased its amount...
London Mining Completes PFS on Sierra Leone Project
London Mining has completed a prefeasibility study (PFS) for phase 2 of the Marampa project in Sierra Leone. Phase 2 will consist of three stages: low capex expansion will take place in...
Konkala to Invest in New Copper Project
Konkala Copper Mines (KCM) of Zambia is planning to invest $172m in a new copper treatment project. The project, located in the area of Nchanga mine plant will have as estimated lifespan of...
Barminco Gets Mining Services Contract for Australian Nickel Mine
Australia's Western Areas has awarded Barminco an underground mining services contract worth $60m for its Spotted Quoll nickel mine. The Spotted Quoll mine is a open pit mine located in...
Rio Tinto Increases Stake in Riversdale
Rio Tinto has acquired a majority interest in Riversdale Mining, the company has announced. Riversdale Mining assets include Benga and Zambeze coal mining and exploration projects in the...
Vale Offers $1.12bn to Acquire Metorex
Vale has made an offer to buy the total share capital of Metorex (Metorex) for a total value of R7.52bn ($1.12bn). Metorex assets include Chibuluma mine in Zambia, which has an estimated...
MACA Receives Crushing Services Contract for Australian Project
MACA subsidiary Mining & Civil Australia has won a crushing services contract from WPG Resources subsidiary Southern Iron for the Peculiar Knob iron ore direct shipping ore (DSO) project...
Anglo American to Begin Prefeasibility Study on Chilean Project
Anglo American is to begin a prefeasibility study on the Dona Ines de Collahuasi mine in northern Chile to investigate mine expansion and increasing copper output. Anglo American...
Vallar to Increase Stake in Bumi Resources
Vallar plans to increase its shareholding in Indonesia's Bumi Resources to 25% to gain an indirect controlling stake in Kaltim Prima Coal (KPC) mine operated by Bumi, in Kalimantan,...
Rio Tinto to Expand Copper Mine in US
Rio Tinto is to invest $238m in a feasibility study and long-lead time equipment for Kennecott Utah Copper's Bingham Canyon mine in Utah, US, to extend its mine life. The mine life will...
Nevada Copper to Begin Pumpkin Hollow Project
Nevada Copper has received all the state and county permits required to begin development of underground access to the Eastern deposits of the Pumpkin Hollow project in Nevada, US. The firm...
Sundance Resources Completes Feasibility Studies on Mbalam Project
Sundance Resources has completed the definitive feasibility study (DFS) for stage one, and the pre-feasibility study (PFS) for stage two of Mbalam iron ore project in Cameroon and the...
Deals this Week: GVK, New Gold, Kinross and More…
GVK has signed an exclusive agreement to continue negotiations for the acquisition of Hancock Coal for $8bn. Under the agreement, GVK must make an initial payment of $1.3bn or prove...
Minmetal Offers $6.5bn to Acquire Equinox
Minmetal Resources has made an offer to acquire all the common shares of Equinox Minerals for C$6.3bn (US$6.5bn) at C$7.2 a share. The acquisition will mark Minmetal's first investments...
Anglo American Awards Mining Services Contract to John Holland
Anglo American's Metallurgical Coal business has awarded a mining services contract worth $144m to John Holland Group. Under the three-year contract, John Holland Group will provide coal...
New Gold to Acquire Richfield Ventures for C$550m
New Gold is to acquire all outstanding common shares of Richfield Ventures for C$550m, under a definintive agreement. According to the agreement, each Richfield shareholder will receive...
Bralorne Gold Mines Receives Permits for Gold Production
Bralorne Gold Mines has received all necessary permits from British Columbia's Ministry of Environment to begin gold milling at the Barlorne mine in the Canadian state. With the permits,...
Extract Resources Completes Feasibility Study on Namibian Project
Extract Resources has completed its definitive feasibility study (DFS) on the Husab uranium project in Namibia. The DFS was based on indicated resources defined at zones 1 and 2 and...
Gindalbie Schedules Maiden Iron Ore Shipment from Karara
Gindalbie Metals has scheduled the maiden shipment of iron ore from its Karara iron ore project in Western Australia to China. The Karara haematite lump ore, along with ore from...
First Quantum to Increase Production from Kevitsa Project
First Quantum Minerals plans to increase the potential capacity at its Kevitsa nickel / copper / platinum-group-metals project in Finland and start the commercial production by mid-2012. ...
Kinross Gold and CUE Sign Share Purchase Agreement
Kinross Gold subsidiary Chikotka Mining and Geographical Company (CMGC) will repurchase 2.2 million shares, currently held by Chikotka Autonomous Okrug (CUE), for $350m, under a share...
GVK to Acquire Hancock Coal
GVK has signed an exclusive agreement to continue negotiations for the acquisition of Hancock Coal. Under the agreement, GVK must make an initial payment of $1.3bn or prove its capacity for...
BHP to Invest $554m for Chile Project
BHP Billiton has approved a $554m investment for the development of the Escondida Ore Access (EOA) project in northern Chile. Under the EOA project, the crushing and conveying...
Anglo American Produces Nickel from Brazilian Mine
Anglo American has produced the first nickel from its $1.9bn Barro Alto nickel project in Brazil on schedule. The project is one of four major Anglo American projects and is the first to...
Southern Copper to Increase Annual Production In Mexico
Southern Copper is planning to increase its production in 2011 and explore new operations in South America. CEO Oscar Gonzalez told Reuters that the firm will increase its copper production...
Resource Generation Gets Mining Rights for South African Project
Resource Generation's Ledjadja joint venture has received mining rights for a period of 30 years for the Boikarabelo mine from the South African Department of Mineral Resources. The...
Mining Firms to Invest $7bn in Ecuador
Ecuador is expecting a $7bn investment in gold and copper projects in the next seven years from mining firms including Kinross Gold of Canada. Ecuador's natural resources minister Wilson...
Lundin and Inmet Terminate Merger Deal
Lundin Mining and Inmet Mining have terminated an agreement made in January to merge and create a new international copper-producing entity, the companies have announced. Both firms have...
Molycorp Signs R&D Agreement with Ames
Molycorp has entered into a cooperative research and development agreement with the US Department of Energy's Ames Laboratory. Molycorp will team-up with Ames to develop new methods of...
BHP Billiton Starts Feasibility Study of ODP
BHP Billiton has begun the feasibility study phase for the Olympic Dam Project (ODP) in South Australia. The firm is planning to develop a new open-pit copper mine and related gold...
Deals This Week: Fronteer Gold, Belon, Kinross and More…
Fronteer Gold's shareholders have approved the proposed buyout of Newmont Mining Corporation for a total value of $2.3bn. According to the terms of the deal, Newmont agreed to give...
BHP Awards Iron Ore Infrastructure Contract to Thiess
BHP Billiton Iron Ore has awarded a $166m contract to Thiess to provide bulk earth works and selected infrastructure for the Jimblebar mine in Western Australia. Under the contract,...
Mining-technology.com Launches Major Mining Survey
Mining-technology.com is launching a major global mining industry survey, and we'd like to hear your opinions on the most important business issues for 2011-12. Participants will receive a...
Banpu to Increase Coal Production in Indonesia and Australia
Thailand-based Banpu is planning to increase its coal production in Indonesia and Australia to compensate its divestment of a suspended Chinese mine. Banpu's Indonesian unit, Indo...
Pon to Supply Mining Equipment to Swedish Project
Pon Equipment is to supply Caterpillar and Bucyrus mine mobile equipment to Northland Resources for the Kaunisvaara project in Sweden. Under the agreement, Pon will supply 23 machines...
March 2011
Top
BHP Billiton to Expand Australian Coal Projects
BHP Billiton has approved three key metallurgical coal projects in the Bowen Basin in Central Queensland, Australia for which it will invest $2.5bn of the total investment of $5bn. BHP...
Brigus Completes Underground Construction at Black Fox Mine
Brigus Gold has completed the construction of new underground infrastructure at Black Fox Mine in Ontario, Canada, and has begun underground ore production. The firm has completed a 1.1km...
Philippine MGB Clears Half of Mining Applications
The Mines and Geosciences Bureau (MGB) of the Philippines has cleared half of all pending mining applications filed it its various regional offices. The bureau has cleared total of 1,150...
MMG to Invest $100m to Expand Australian Mine
China's Minerals and Metals Group (MMG) is planning to invest $100m for expansion of the Golden Grove copper-zinc mine east of Geraldton, Australia. With this expansion, the Golden Grove...
BHP to Invest $6.6bn in Western Australian Iron Ore Operations
BHP Billiton plans to invest $6.6bn of a total approved capital investment of $7.4bn to increase the production of iron ore operations in Western Australia. The firm will invest $3.3bn out...
Japan's Zinc Production Falls by 60%
Over 60% of Japan's production capacity of zinc, used in automotive steel sheet and construction materials, has been suspended since the 11 March earthquake. Mitsui Mining and Smelting...
Anglo American to Begin Iron Ore Shipping from Brazil in 2013
Anglo American will begin shipping iron ore from its Minas Rio mine in Brazil in July 2013, according to port company LLX Logistica. LLX CEO Leonardo Gadelha said the company had made a...
FLSmidth to Supply Equipment to Indonesian Coal Mine
FLSmidth will supply material handling equipment to PT Adaro Energy subsidiary Adaro Indonesia coal mine in the Tanjung district of South Kalimantan, Jakarta, Indonesia for Kr700m ($135m). ...
BHP to Invest $400m for Hunter Valley Coal Expansion
BHP Billiton has approved an investment of $400m for the expansion of Hunter Valley Energy Coal in New South Wales, Australia. The expansion known as the RX1 project (RX1) will facilitate...
QRC to Restore Exploration Investments in Queensland
The Queensland Resources Council (QRC) has launched a new body called the Queensland Exploration Council (QEC) to place Queensland Australia as a minerals and energy exploration leader by 2020. ...
Yara to Construct TAN Plant in Australia
Yara International will construct a technical ammonium nitrate (TAN) plant on the Burrup Peninsula in Western Australia for Técnicas Reunidas for about $500m. The contract will...
Mining Firms Eye China's Iron Ore Market
Many major iron ore producers are eyeing the undeveloped western regions of China for future growth as the country's steel output is at its peak. Industrialisation and urbanisation of...
Leighton Receives $317m Gold Mining Contracts
Leighton Holdings has won two gold mining contracts in Australia for a total value of $317m. Newcrest Mining awarded a $200m contract to Leighton for the Telfer gold mine in Western...
Indonesia to Divert Japan Coal Exports
Coal exports to Japan from Indonesia are expected to be diverted to other Asian countries following damage by the 9.0-magnitude earthquake of 11 March 2011, which affected several coal-fired...
Tirex Resources, Ekin Maden to Establish New Company
Tirex Resources and Ekin Maden have signed a memorandum of understanding to organise and establish new operating company OpCo with a 50% stake each. Tirex will provide six mineral deposits...
China Gold Plans Acquisitions and Production Increases
China Gold International Resources is to increase its copper production and will acquire gold and copper mines outside China. The firm's executive vice-president Jerry Xie told Reuters that...
BHP Billiton Awards Hub Contract to SNC-Lavalin
SNC-Lavalin has signed a multiyear Hub contract with BHP Billiton to execute potash projects that are to be developed and built in Saskatchewan, Canada. SNC-Lavalin's work will...
Deals This Week: PTT, Gold Fields, Fortis and More…
Thailand-based PTT Mining has completed the acquisition of International Coal Holdings (ICL), which was formerly Straits Resources, for A$544.1m (US$545m). The Federal Court of...
Bostwana Diamonds Receives Exploration Licence in Cameroon
Botswana Diamonds (BOD) has received a diamond reconnaissance exploration licence for an 8,087km² area in the east of Cameroon, which is 85% held by BOD and 15% held by local...
EnviroGold Revises Scoping Study for Ecuador Project
Australia-based EnviroGold has revised the scoping study for its 65% owned Azuay gold project in Ecuador, as part of the proposed expansion of production from the Papercorp and Pinglio...
Xstrata Coal Receives Environmental Approval for Australian Coal Project
Xstrata Coal has received conditional environmental approval from the Commonwealth Government for the Wandoan coal project in the Surat Basin, Queensland, Australia. The approval covers...
PTT Acquires ICL
Thailand-based PTT Mining has completed the acquisition of International Coal Holdings (ICL), formerly Straits Resources, for a total value of A$544.1m (US$545m). PTT said the Federal Court...
Clean TeQ Develops New Process for Uranium Extraction
Clean TeQ Holdings of Australia has developed a patent-pending process for the extraction and recovery of uranium from high saline acidic solutions. The new process, U-HiSAL, which is...
Kentor Gold Receives Debt Facility for Andash Project
Kentor Gold has received a committed letter of offer for a $50m debt facility from the Macquarie Bank, which will be used to construct the Andash gold-copper project in the Kyrgyz Republic. ...
Rio Tinto Awards $101m Contract to NRW and NYFL
NRW Holdings, in a joint venture with the Ngarluma and Yindjibarndi Foundation (NYFL), has been awarded a $101m car dumper and bulk earthworks contract for the Cape Lambert Port B project. ...
Queensland to Develop New Shot-Firing Guidelines
The Mining Safety and Health Directorate of Queensland has established an industry steering group to examine post-blast fume events and develop steps to further minimise risk to workers. ...
Gindalbie Begins Scoping Studies on Karara Iron Ore Project
Gindalbie Metals has begun scoping studies for the proposed expansion of the Karara Iron Ore Project in Western Australia. The study will evaluate an expansion from the project's 10Mtpa...
Western Mining to Build Copper Smelter in China
Western Mining plans to build a 100,000tpa copper smelter in the north-western Chinese province of Qinghai at an estimated cost of 2.28bn yuan ($347m). The firm will require a partner to...
No Survivors at Collapsed Pakistan Mine
All 43 workers at the Sorrange coal mine in Pakistan have died following the methane gas explosions on Sunday, government officials have announced. The mine, located about 30km from Quetta...
New Gold Receives EIA Approval from Chile
New Gold has received environmental impact assessment (EIA) approval for its El Morro project in northern Chile. The El Morro copper-gold project is owned by New Gold (30%) and Goldcorp (70%)....
Murchison Executes $100m Finance Facility from Capital Fund
Murchison Metals has executed its agreement with Resource Capital Fund for a $100m bridge finance facility. The facility will provide Murchison the ability to fund bankable feasibility...
Selwyn Mobilises Mining Equipment for Canadian Exploration Project
Selwyn Resources has begun mobilising mining equipment supplies for an underground advanced exploration programme in Yukon, Canada. Selwyn Chihong Mining and its contractors will transport...
India and Canada Sign MoU to Develop Mineral Resources
The Indian Ministry of Mines and the Ministry of Energy and Resources of the Province of Saskatchewan, Canada, have signed a memorandum of understanding (MoU) to cooperate in the mineral...
Barrick Gold Receives SEIS Approval for Cortez Hills Mine
Barrick Gold has received a record of decision (ROD) approving the supplemental environmental impact statement (SEIS) for the Cortez Hills mine in Nevada, US. The mine was previously...
Mine Explosion in Pakistan Kills 19
A series of methane gas explosions at a coal mine in Pakistan has killed at least 19 and trapped more than 30 people. Three explosions occurred at a depth of 4,000m on Sunday, causing a...
White Tiger Signs Business Agreement with Century Mining
White Tiger Gold has entered into a binding agreement with Century Mining to form a 'business combination'. Under the terms of agreement, Century Mining shareholders will receive 0.40 of...
Indonesia Ready to Export More Coal to Japan
Indonesia is ready to provide more coal to Japan to meet a surge in demand following the 9.0-magnitude earthquake last week, the Indonesia Coal Mining Association has announced. Thousands...
Deals this Week: Rio Tinto, Aditya Birla, Baotou Steel and More...
Rio Tinto has increased its cash offer for Riversdale Mining, valuing the coal miner and its African operations at $4bn. Rio Tinto has increased the offer price from $16.00 to $16.50 a share,...
Capstone Completes Prefeasibility Study on Minto Mine
Capstone Mining has completed a prefeasibility study for the phase V expansion (phase V PFS) of its high-grade Minto copper-gold mine in the Yukon, Canada. According to the study, conducted...
PNG to Acquire Stake in Nautilus Solwara Project
The Government of Papua New Guinea is to acquire a 30% stake in the Nautilus Minerals Solwara 1 project in the Bismarck Sea in Papua New Guinea (PNG). PNG treasurer Peter Neill said that...
Shanxi Coal Receives Licence from Government
Puda Coal's subsidiary Shanxi Puda Coal Group has received a transitional business licence from the Shanxi Provincial Government of China for the operation of Shanxi Pinglu Dajinhe Coal...
Ivanhoe Mines Discovers New Mineral Zone at Mongolian Project
Ivanhoe Mines has discovered a new zone of shallow copper-molybdenum-gold mineralisation at Ivanhoe Mines-BHP Billiton joint venture licence in southern Mongolia. The new discovery, Ulaan...
JSPL to Begin Iron Ore Exports from Bolivian Mine
India-based Jindal Steel and Power (JSPL) will begin exporting iron ore from El Mutun mine in Bolivia in the coming months. JSPL vice-chairman and managing director Naveen Jindal said...
Queensland University Develops Green Technology for Mine Sites
The University of Queensland (UQ) has developed a new technology to support plant growth at mine sites previously unable to support any vegetation due to heavy metal soil contamination. ...
Castlemaine Begins Development of Underground Mine
Castlemaine Goldfields has begun underground mine development at its Ballarat Gold Project in Australia with the first development blast. Pybar Mining Services will provide mine...
Vale Starts Nickel Production from Brazilian Project
Vale has started nickel production from the Onca Puma nickel project in the Para State of Brazil. The project, consisting of a mine and a processing plant, will have a capacity of 53,000t...
Rambler Receives Construction Approval for Canadian Mine
UK-based Rambler Metals and Mining has received the final construction approval for its Ming copper-gold mine in Canada from the provincial government. With final construction approval for...
LIM Signs Rail Transportation Contract with QNS&L
Labrador Iron Mines Holdings (LIM) has signed a contract with Quebec North Shore Labrador Railway Company (QNS&L) for the transportation of iron ore from LIM's DSO iron ore projects in...
Zimbabwe Mineral Exports Increase to $1.3bn
Zimbabwe's mineral exports have doubled to $1.3bn in 2010, according to the latest figures from the country's Chamber of Mines. Platinum shipments have earned $409m, a third of the revenue...
Xstrata Explores A$900m Integrated Development Plan
Xstrata Zinc plans to increase capacity at McArthur River Mine (MRM) in the Northern Territory, Australia, and upgrade its smelters in Europe and Canada using A$900m (US$890m). The...
Power Cuts in Japan Lead to Shutdown of Copper Smelters
Two major copper smelters in Japan have been shut down due to power cuts, following the recent earthquake. Pan Pacific Copper, which is partially owned by JX Nippon Mining & Metals,...
Rio Tinto Increases its Offer for Riversdale Mining
Rio Tinto subsidiary Rio Tinto Jersey Holdings (RTJ) has made a new offer to increase its takeover bid for Riversdale Mining with further changes. According to the new offer, RTJ has...
Minera Alumbrera to Acquire Copper Gold Project in Argentina
Xstrata Copper and Goldcorp have signed a letter of intent (LoI) with Yamana Gold to grant Minera Alumbrera an option to acquire Yamana's Agua Rica copper gold project in the Catamarca province of...
Queensland Sets Stringent Mining Safety Standards
The Queensland Government has set stronger safety standards for its mining industry, as part of its changes to legislation. Queensland Mining Minister Stirling Hinchliffe said the...
Pike River Coal Resumes Control of Pike River Mine
Pike River Coal Company has resumed control of mine stabilisation operations at the Pike River mine in New Zealand. The firm will carry out a mine stabilisation plan by appointing a panel...
Australia Grants Export Permit to Energy Metals
Energy Metals subsidiary NT Energy has received governmental export permission to export uranium oxide concentrate (UOC) from Australia for ten years. Energy Metals is planning to acquire...
Energy Fuels Receives Licence for Uranium Mill in US
Energy Fuels has received the final radioactive materials licence to construct the Pinon Ridge uranium mill in Montrose County, Colorado, US. The licence, issued by the Colorado Department...
Deals This Week: Lanco, James River, OZ Minerals and More…
India's Lanco Infratech has agreed to acquire Griffin Coal of Australia for A$730m (US$739m) to fuel its power projects in India. The assets of Griffin Coal include thermal coal mines with...
CiDRA to Install Monitoring Technology at Australian Project
US-based CiDRA Minerals Processing is to install SONARtrac systems at CITIC Pacific Mining's Sino iron project in Australia. The Sino Iron project is being developed at Cape Preston in...
Tameralane to Develop Canadian Lead-Zinc Project
US-based Tamerlane Ventures has awarded two major contracts to develop its Pine Point lead-zinc project in the Northwest Territories of Canada. The firm has awarded a contract to...
Russia to Improve Coal Mining Safety
Russian coal mining firms need to allocate one-third of their combined profits from last year to increase their safety spending, Russian Energy Minister Sergei Shmatko has said. The...
China Guangdong Offers $1.2bn for Kalahari Minerals
State-owned China Guangdong Nuclear Power Group has made an offer of $1.2bn to acquire Kalahari Minerals. The Chinese Government is seeking uranium to boost its atomic generation. With...
Xstrata Gets Environmental Approval for Peru Copper Project
Xstrata Copper has received the Environmental and Social Impact Assessment approval from Peru's Ministry of Energy and Mines for its $4.2bn Las Bambas copper project in Apurimac. Las Bambas is...
Tata Steel to Develop New Millennium's Taconite Project
New Millennium Capital will develop the Taconite project, which comprises the LabMag and KéMag iron ore deposits in Canada, for Tata Steel Global Minerals. Under the terms of the...
Lanco Acquires Australian Coal Mine
India's Lanco Infratech has agreed to acquire Griffin Coal of Australia for a A$730m (US$739m) to fuel its power projects in India. The assets of Griffin Coal include thermal coal mines with...
US China Mining Launches Coal-Sorting Business at its Mine
US China Mining has launched a coal-sorting business at its Xing An mine that produces high-quality thermal coal in China in the Heilongjiang Province of China near the Russian border. ...
Japan to Restructure Mining Law
The Japanese Trade Ministry is planning to restructure a mining law, as part of a push to develop seabed resources within the country's exclusive economic zone. According to...
Firestone Receives Test Results from Guatemala Project
Firestone Ventures has received favourable results from the AmmLeach amenability test work on Firestone's Torlon Hill zinc oxide project located in Guatemala. The testwork conducted...
Sandfire Approves DeGrussa Project
Sandfire Resources has granted approval for the development of the DeGrussa copper-gold project in Western Australia, based on the results of a pre-feasibility study (PFS). The PFS conducted...
Norilsk to Reduce SO2 Emissions from Plants
MMC Norilsk Nickel is to reduce SO2 emissions from its metallurgical production facilities in Norilsk, Russia. As part of its air emissions programme, the firm has posted a tender for set...
Met-Chem to Develop Mine Plan for Mali Project
Robex Resources has appointed Met-Chem Canada to develop a mine plan for the feasibility of the Nampala project in Mali, Western Africa. Met-Chem will develop an open pit concept for...
Japanese and Korean Firms to Acquire Stake in Niobium Company
Japanese and Korean steel firms have entered into an agreement to acquire a 15% stake in Brazilian company Companhia Brasileira de Metalurgia e Mineração (CBMM) for $1.9bn. JFE...
Talison to Increase Production at Australian Lithium Project
Talison Lithium is set begin the Stage 2 expansion of production capacity of the chemical-grade plant at the Greenbushes Lithium Operations in Western Australia. The expansion, expected to...
Sandvik Signs Strategic Agreement with SKF
Sandvik Mining and Construction and SKF have signed a three-year strategic partnership agreement worth Skr335m ($53m) to strengthen their relationship Of the total amount, Skr70m ($11m) will...
Venture Minerals Completes PFS on Tasmania Project
Venture Minerals has completed a pre-feasibility study (PFS) on the Mt Lindsay tin / tungsten project in north-west Tasmania that confirms its 'robust economics'. The study concluded that...
ENRC to Invest $6.8bn in Kazakhstan and Brazil
UK-based Eurasian Natural Resources (ENRC) is planning to invest $6.8bn in Kazakhstan and Brazil to increase its iron-ore output in those countries. ENRC CEO Felix Vulis told Bloomberg that...
Deals This Week: Abcourt, Exeter, Puda Coal and More…
Abcourt Mines has acquired the Vendome property, comprising 15 half claims, located in range ten of Fiedmont township and range one of Barraute township in Canada, from Xstrata subsidiary...
Equinox to Offer $4.9bn for Lundin
Equinox Minerals is to make an offer to acquire Lundin Mining for about C$4.8bn (US$4.9bn) in cash and shares. Equinox has proposed the acquisition of all of the outstanding common shares...
Vale Concludes Aluminum Transactions with Norsk Hydro
Vale has completed the transactions related to aluminum assets with Norsk Hydro, subscribing to 447,834,465 Hydro shares or 22% of the 2,035,611,206 shares outstanding, valued at about...
Sinosteel to Supply Plant Components for Cudeco's Rockland Project
Sinosteel will supply components for a mineral processing plant for Cudeco's Rocklands Group copper project in north-west Queensland, Australia. Under the agreement, Sinosteel will source...
Merukh to Invest $48bn in Iron Ore Plants
Merukh Enterprises subsidiary PT Merukh Iron and Steel plans to invest €35bn ($48bn) to build two iron ore plants in Sumba Timur and Sumba Barat in East Nusa Tenggara, Indonesia. The...
Zambia Witnesses Increase in 2010 Copper Production
Zambia witnessed an increase in copper production in 2010, with the privatisation of the mining sector leading more revenues for local authorities on the copper belt. Chamber of Mines...
Fortescue Discovers High-Grade Iron at Nyidinghu Project
Fortescue Metals Group has discovered over a billion tons of high-grade Brockman iron formation at the Nyidinghu project in Western Australia. The Nyidinghu project, located 35km south...
Bear Creek Awards EPCM Contract for Peru Project
Silver producer Bear Creek Mining has awarded an engineering, procurement and construction management (EPCM) contract to GMI for its Santa Ana project in Southern Peru. The Santa Ana...
Rio Tinto Receives Exploration Extension for Guinea Project
Rio Tinto subsidiary Simfer has received a letter from the Guinean minister for mines confirming the extension of its exploration tenure for its Simandou iron ore project in Guinea, West Africa. ...
Vale's 2010 Profits Reach $17.3bn
Brazilian mining firm Vale has achieved net earnings of $17.3bn for 2010 and net earnings of $5.9bn in the fourth quarter. The firm has generated record operating revenue of $15.2bn in...
Victory West Begins USSU Nickel Project Development
Victory West Moly has begun construction and development activities at the USSU nickel project in Indonesia. Work on the project includes clearing and commencement of earthworks for the...
Swedish Firm to Invest $74m to Start Kankberg Mine
Sweden-based Boliden will invest Skr475m ($74m) to start up the Kankberg mine to extract gold and the rare metal, tellurium. In addition to the investment, the firm has hedged 80% of...
Ivernia to Resume Operations at Australian Mine
The Minister for Environment of Western Australia has lifted the temporary ban on Ivernia's transport operations at the Magellan mine in Western Australia. The firm's subsidiary,...
Nullagine to Ship Iron Ore to China
Nullagine Iron Ore Joint Venture, a 50:50 joint venture between BC Iron and Fortescue Metals Group, has loaded its first shipment of iron ore in Port Hedland, Western Australia, to be...
Brigus to Begin Production at Black Fox Mine
Brigus Gold is planning to start the production of over 250t of gold a day from its Black Fox underground mine in Timmins, Canada, by 15 March 2011. The underground ore production from...
Rio Tinto Awards EPCM Contract to SKM
Rio Tinto has awarded an EPCM contract to Sinclair Knight Merz (SKM) for the expansion of the Cape Lambert port facility in Pilbara, Western Australia. The award is a part of Rio...
February 2011
Top
China to Increase Overseas Iron Ore Assets
China plans to purchase overseas iron ore assets to obtain half of its iron ore imports from Chinese-invested overseas mines. With this target, the China Iron & Steel Association...
Caterpillar to Supply Equipment for Discovery’s Botswana Project
Discovery Metals will receive financing and mining equipment from Caterpillar Financial for the Boseto copper project in Botswana. As part of the Boseto Debt Syndicate, Caterpillar, along...
Raspadskaya Plans to Increase Coking Output
Raspadskaya plans to invest $1bn to increase its coking coal output to 18.5 million tons by 2015 and to combat the effect of the deadly methane explosions at the Raspadskaya-Koksovaya mine in...
ENRC Receives Loan from China
China Development Bank has granted a loan package of about $2bn to Kazakh state-owned Eurasian Natural Resources. The loan is granted in pursuance to the deals signed between the bank...
Vale's Guinean Iron Ore Mine to Start Production in 2012
Vale has said it will begin iron ore production at its Zogota mine in Simandou, Guinea, in 2012. Phase I of the project involves the development of the Zogota mine, a dry processing plant,...
Raptor Begins Construction Work on Mineral Facility
Raptor Technology has started the construction of a 10,000t mineral recovery facility in a joint venture with Eco Ventures. The firm has received high-capacity separation tanks and...
Coal India Awards $130m Supply Contract
Coal India has signed a contract with US-based mining equipment maker P&H for the procurement and supply of heavy mining equipment. The contract, worth INR5.9bn ($130m),...
Deals This Week: Polymetal, Denison, PanAust and More…
JSC Polymetal has entered into a binding letter of intent with Olsen Business to acquire a 100% interest in the mining and exploration licence for the Kutyn gold deposit in Russia. ...
Taseko Mines Submits New Project Plan to Canada
Taseko Mines has submitted a new plan for its Prosperity gold-copper project to the Canadian Government. The plan reduces the project's environmental impact and enables all mine operations...
London Mining Receives Study Results for Greenland Project
London Mining has received scoping study results for its Isua project, located 150km northeast of Nuuk in Greenland. According to the study, the estimated capital expenditure of the project...
Bathurst Resources to use Westport Harbour Facility to Ship Coal
Bathurst Resources has announced a deal with Westport Harbour for the exclusive use of a coal-handling facility to ship coal from its Buller project. Under the terms of the agreement, the...
Indonesian Ports to Clear Coal Backlogs in Three Months
The Indonesian Government will clear the bulk coal backlogs at its ports in the next three months, as the re-application process for exporters has been completed. A change in Indonesia coal...
OAO Severstal Proposes $2bn Investment Programme in 2011
OAO Severstal has announced its plans to invest $2bn to improve operating efficiency, overhaul its operational facilities and ensure that the company maintains industry-leading health and...
Cyclones Force Rio Tinto to Suspend Operations in Western Australia
Unfavourable weather conditions caused by the tropical cyclones Dianne and Carlos have forced Rio Tinto to suspend its coastal operations in the Pilbara region of Western Australia. ...
AMEC Awarded EPCM Contract for Chile Iron Ore Project
AMEC has received an engineering, procurement and construction management (EPCM) contract for the $574m Cerro Negro Norte iron ore project in Chile. Work will begin immediately...
Vale to Proceed with Coal Exports
Vale intends to proceed with exporting coal from its Mozambican project despite the delays in renovating the Sena railway line. The Sena line is the only existing railway line to transport...
Phillipines to Refrain from Issuing New Mining Permits
The Philippines Department of Environment and Natural Resources (DENR) has instructed all regional directors of the Mines and Geosciences Bureau (MGB) to refrain from accepting and processing...
Norilsk's Upgrade Works Reduce Emissions in 2010
MMC Norilsk Nickel's work to upgrade its production lines, implement new technologies and launch projects led to a dramatic reduction in harmful emissions in Russia last year. Sulphur...
Raptor and Eco to Commercialise Mineral Recovery Technology
Raptor Technology subsidiary, D&D Mining has signed a contract with Eco Ventures Group (EVG) to commercialise Raptor's mineral recovery technology. EVG will provide funding, management...
Taseko Mines to Increase Gibraltar Mine Production
Taseko Mines is implementing 'Gibraltar development plan 3' (GDP3) to increase the production capacity at the Gibraltar mine in British Columbia, Canada. As part of development, the firm...
Atlantic to Provide $335m for Windimurra Project
Australia-based Atlantic subsidiary Midwest Vanadium (MVPL) has raised funds of $335m for the construction and commissioning of MVPL's Windimurra vanadium project located in Western Australia. ...
Sumitomo Metal to Increase Nickel Production
Sumitomo Metal Mining plans to invest 14bn yen ($170m) to boost the electrolytic nickel production capacity of its Niihama Nickel Refinery over three years. The firm will increase...
Tahoe Resources Receives EIA Approval from Guatemala
Tahoe Resources has received approval from the Guatemalan Ministry of Environment and Natural Resources for an underground exploration programme at the Escobal project in Guatemala. The...
Sterlite Acquires Irish Zinc Mine
Vedanta Resources' Indian subsidiary Sterlite Industries has acquired the Lisheen zinc mine in Ireland from Anglo American's Taurus International for $546m. In 2010, Vedanta...
Metso to Supply Mineral Processing Equipment for Swedish Project
Northland Resources has signed a letter of intent with Metso Mining and Construction Technology, as part of which it will provide long-lead items for the Tapuli process line and basic...
NWT to Develop Mine Safety Training Standards
The Government of Northwest Territories (NWT) in Canada, the Northern Safety Association and three diamond mining companies in NWT will together develop new common standards for mine...
Deals This Week: AUX Canada, Sterlite, Independence Group and More...
AUX Canada Acquisition, a subsidiary of EBX Group, has entered into an agreement with Ventana Gold to acquire its shares for US$13.6 a common share, for a total value of US$1.56bn. With...
Spain Grants Leases for Edgewater's Corcoesto Project
Canada's Edgewater Exploration has been granted 90-year mining leases for the Corcoesto gold project in Galicia, Spain. Galician Government authorities have granted three central mining...
Colombia Closes 20 Mines for Safety Violations
Colombia has closed two thirds of the 30 mines where Colombian mining inspectors have run safety checks in recent days. The death of 26 miners in two separate accidents earlier this year led...
AUX Canada to Acquire Ventana Gold for $1.56bn
AUX Canada Acquisition has entered into an agreement with Ventana Gold to acquire its common shares for $13.60 a common share, for a total value of $1.56bn. Ventana rejected AUX Canada's...
Xstrata Temporarily Closes Australian Coal Mine
Xstrata has shut down its Ulan thermal coal mine in New South Wales, Australia due to heavy rain. Xstrata spokesman James Rickards told Reuters that the firm had declared force majeure on...
BHP Billiton Profits Rise 72% in 2010
BHP Billiton's net profits soared to $10.52bn, an increase of 72% in the six months ending December 2010, the firm has announced. The rise in profits could be put down to adverse...
Russia to Build $3bn Nickel Smelter in Indonesia
Russia is to invest $3bn to build a nickel smelter in Halmahera Island, eastern Indonesia, as part of its plan to increase revenue from the country's mining sector. Indonesian Chief...
Chilean Firm Awards Engineering Contract to Foster Wheeler
Chile's Corporación Nacional del Cobre (CODELCO) has awarded Foster Wheeler an engineering design contract for a copper concentrator plant in the country, as part of the improvement...
Kenya Approves Goldplat Project
The Government of Kenya has granted permission for Goldplat's subsidiary Kilimapesa Gold to commence operations at its mine in the Trans Mara District of SW Kenya. The mining lease...
Ausdrill Secures Contracts in Africa and Australia
Subsidiaries of Ausdrill, a mining and exploration company, have been awarded four contracts in Africa and Australia. Ausdrill's East African subsidiary, Ausdrill Zambia, has secured...
Norilsk Nickel Offers $12bn for UC Rusal's 20% Stake
Russia-based MMC Norilsk Nickel's subsidiary has made a new offer of $12.8bn to acquire a 20% interest in the company held by its UC Rusal's subsidiary United Company RUSAL Investment...
Grupo Mexico to Invest $1.9bn for Copper Expansion
Mexico's largest mining corporation, Grupo Mexico, plans to invest $1.9bn expanding its copper mining operations for 2011. The expansion includes an increase in overall output in the...
SNC-Lavalin Signs Contract to Develop Colombian Coal Mine
Canadian Engineering firm SNC-Lavalin has signed a contract with its 50/50 joint venture partner Sinclair Knight Merz (SKM) to develop phase I of the Cerrejon coal mine project in...
Rio Tinto's 2010 Profit Rises to $14bn
Rio Tinto's net profit increased to $14bn in 2010, a 122% increase from 2009 according, to the financial statement released by the company. With this increase, the company is proceeding with...
Brazil Launches 20-Year Plan to Guide Mining Sector
Brazil's Ministry of Mines and Energy has launched a national mining programme to guide the Brazilian mineral sector over the next 20 years. The 20-year mining plan, PNM-2030, will address...
Independence Group Acquires Jabiru Metals for $533m
Independence Group has signed a bid implementation agreement with Jabiru Metals, to acquire all the shares of Jabiru for A$532m (US$533m), A$0.96 a share. Under the agreement,...
SAIL Receives Forest Clearance for Iron Ore Mines
Steel Authority of India (SAIL) has received forest clearance from the Indian Ministry of Environment and Forests for its Chiria iron ore mines in Jharkhand, India. SAIL plans to develop...
Kalagadi Receives $480m Funding for South African Manganese Project
Kalagadi Manganese has received R3.5bn ($480m) fund from partner Industrial Development Corporation (IDC) for the on-going construction operations of new manganese mining project in South Africa. ...
Xstrata Exercises Option Agreement for Congo Project
Xstrata has exercised a call option agreement over Zanaga Iron Ore Company (ZIOC) subsidary Jumelles, which owns the Zanaga iron ore project located in the Republic of Congo. Under...
Deals This Week: Newmont, Sterlite, Rio Alto and More…
Newmont Mining has signed an agreement to acquire all of Fronteer Gold’s outstanding common shares for C$2.3bn (US$2.3bn). Under the agreement, Fronteer Gold shareholders will receive...
Rio Tinto to Expand Canadian Iron Ore Project
Rio Tinto will invest $277m in the second phase of its Canada-based Iron Ore Company (IOC), to increase its production capacity from 18 million tons to 22 million tons per annum. The...
Goldcorp Sells Interest in Osisko for $532m
Canada’s Goldcorp has sold its 10% equity interest in Osisko Mining Corporation, for a total value of C$530m ($532m). The transaction represents about 38.6 million common shares of...
Lanco to Increase Australian Coal Mine Production
Lanco Infratech is planning to increase the coal production of Griffin Coal Mines in Australia from five million tons to 18 million by 2015. The company will invest about $1bn in the mines...
Rio Tinto to Invest $933m in Australian Iron Ore Mine
Rio Tinto will invest $933m in the development of the Mrandoo iron ore mine in the Pilbara Region, Australia, to extend its life to 2030. The project will extend the mine's life by...
Xstrata Finds Increased Copper Reserves in PNG
Xstrata Copper has found increased mineral reserves and indicated resources at the Horse-Ivaal-Trukai (HIT) deposit in the Frieda River copper-gold project, Papua New Guinea. According...
Peru to Witness $41.9bn Mining Investments over Ten Years
Peru's National Society of Mining, Petroleum and Energy (SNMPE) said the country’s mining sector will see an investment of about $41.9bn over the next ten years. SNMPE president Pedro...
Gemcom Launches New Version of Mining Software
Mining software solutions supplier Gemcom Software has launched the latest version of its Gemcom InSite mine production management solution. The software helps mining firms to...
Jupiter Mines to Construct Manganese Mine in South Africa
Australia’s Jupiter Mines will construct a manganese mine at Tshipi Borwa in the Kalahari manganese field, South Africa. Jupiter Mines said in a statement that its joint venture firm, Tshipi...
Peru Discovers Large Volumes of Gold and Silver
Peru has discovered large volumes of gold and silver in the north of the Peruvian Andes, Cajamarca region, Lima, according to the country’s Ministry of Energy and Mines. The ministry...
Mechel to Develop Russian Coal Mine
Russia's Mechel OAO has signed a loan agreement to finance the construction of the second line at the Sibirginskaya mine, owned by its subsidiary Southern Kuzbass Coal. Under the agreement,...
Explosion Disrupts Xstrata’s Norwegian Copper Production
An explosion has disrupted Xstrata's copper production operations at its copper and nickel plant in Norway. The explosion at a roasting facility in Xtrata's Kristiansand plant, which killed...
Sterlite Acquires South African Black Mountain Mines
Sterlite Industries, part of Vedanta Resources Group, has completed the acquisition of a 74% interest in Black Mountain Mining in South Africa from Anglo American Group. Under the...
AfDB Funds Mining Projects in South Africa
The African Development Bank (AfDB) has launched New Africa Mining Fund's second Africa-focused junior venture capital fund, NAMF II, in Johannesburg. The NAMF II equity fund will invest...
WPG Awards $285m Mining Contract to MACA
WPG Resources' subsidiary Southern Iron has awarded a mining services contract to Mining & Civil Australia for the Peculiar Knob Iron Ore Direct Shipping Ore project in Australia. The...
POSCO to Set Up $7bn Steel Plant in India
South Korea's Pohang Iron and Steel Company (POSCO) is planning to set up a steel plant with an investment of INR320bn ($7bn) in Karnataka, India. The company will set up the six...
Newmont to Acquire Fronteer Gold for $2.3bn
Newmont Mining has signed an agreement with Fronteer Gold to acquire all of its outstanding common shares for C$2.3bn ($2.32bn). Under the arrangement, Fronteer Gold shareholders will...
Caterpillar to Fund Detour's Mining Fleet Acquisition
Caterpillar Financial has agreed to finance the proposed plans of Detour Gold to acquire mobile fleet mining equipment supplied by Toromont Industries for its Detour Lake gold project...
BHP Advances Development of Canadian Potash Project
BHP Billiton has advanced into the feasibility study phase for its Jansen potash project in Saskatchewan, Canada. The company has begun drilling and site preparation for the ground...
Jupiter Mines Raises $150m to Build Projects in South Africa and Australia
Jupiter Mines has raised $150m to fund its projects in South Africa and Western Australia. The company said that it successfully placed 142.9 million New Ordinary Shares (Tranche1)...
Mercator to Develop Indonesian Coal Mine
India's Mercator Lines is planning to develop a coal mine in the Batuah region of Kalimantan province in Indonesia. Mercator will form a joint venture with Indonesia's PT United Coal to...
Rio Tinto to Fund Exploration of BRC's Congo Project
BRC Diamond Core has entered into a new joint venture with Rio Tinto Mining and Exploration Limited, where Rio Tinto will fund the proposed new exploration programme for the DRC North...
Deals this Week: Alpha Natural, Paladin Energy, Silvercorp and More…
Alpha Natural Resources has signed a merger deal with Massey Energy to acquire all outstanding shares of Massey common stock, valued at US$8.5bn. Under the deal, Massey stockholders...
India Approves $12bn Steel Complex
South-Korea's Pohang Iron and Steel Company (POSCO) has obtained approval from India's Ministry of Environment and Forests for its proposed $12bn steel complex in Orissa. The approval...
Thiess Sedgman to Expand Australian Coal Plant
Thiess and Sedgman's joint venture firm, Thiess Sedgman, has received a contract to expand the coal handling and preparation plant at the Lake Vermont coal mine in central Queensland, Australia. ...
Xstrata Constructs Magnetite Plant in Australia
Xstrata Copper has completed the construction of a magnetite base plant at Ernest Henry Mining (EHM) in Queensland, Australia. The plant part of a A$589m (US$542m) project that aims...
Moly Mines to Get $250m Financing for Spinifex Mine
Moly Mines is to receive financing for up to $250m for the development of the Spinifex Ridge molybdenum-copper mine in Australia. The firm has received a financing commitment letter,...
Codelco Raises $1bn to Increase Copper Production
Chile's state-owned company, Codelco, has sold its stake in a Chilean electricity company for $1bn, to expand its copper production. The company sold 424 million shares in E-CL SA,...
Torvec Signs Contract with Eastern Mining & Industrial Supply
US-based Torvec has entered into a contract with Eastern Mining & Industrial Supply to develop, evaluate, manufacture and sell Torvec's IsoTorque differential technology in mining shuttle...
MSHA Proposes Rule to Revise POV Regulation
The Mine Safety and Health Administration (MSHA) of the US Department of Labor has proposed a rule to revise its pattern of violations (POV) regulation. The regulation will be published in...
Radar Iron Confirms High Reserves in Western Australia
The geophysical review of the aero-magnetic data covering Radar Iron's Johnston Range project in Western Australia has confirmed a five billion ton exploration potential. The review, conducted...
Minmetals Plans $2bn Mining Acquisition
China Minmetals Group subsidiary Minmetals Resources is planning to invest up to $2bn in copper, lead, zinc and nickel mining acquisitions. The news follows Minmetal's $1.85bn cash and...
Alpha Signs $8.5bn Merger Deal with Massey
Alpha Natural Resources has signed a merger deal with Massey Energy to acquire all outstanding shares of Massey's common stock, valued at $8.5bn Under the deal, Massey stockholders will...
POSCO to Expand African Operations
South Korea's Pohang Iron and Steel Company (POSCO) is planning to expand its operations in Africa to augment its resource self-sufficiency. The firm has agreed to develop a coal mine in...
Extract Gets Environmental Approval for Namibian Uranium Project
Extract Resources subsidiary Swakop Uranium has received environmental approval from Namibia's Ministry of Environment and Tourism for its Husab uranium project’s mining licence area. The...
January 2011
Top
Explosion Killed NZ Miners Within Minutes: Inquest
An inquest into New Zealand's Pike River mine explosion, which happened in November last year, has found that the 29 miners trapped in the mine were killed within minutes of the initial...
Ferro to Commission Ore Processing Plant in Brazil
Australia's South American Ferro Metals is set to commission an iron ore processing plant and mine operation in Minas Gerais, Brazil, next month. Once commissioned, the plant is expected...
Guinea to Increase Mining Stake
Guinea will boost its stake in mining projects to a third, according to its newly elected President, Alpha Conde. A mines ministry official told Reuters that Guinea's mining contract...
Colombian Mine Explosion Kills 20 Miners
An explosion at an underground coal mine in north-eastern Colombia has killed at least 20 miners and wounded six others. Colombia's mining regulatory agency, Ingeominas official...
West Virginia Introduces Mine Safety, EPA Bills
A West Virginia delegation has introduced two separate bills in the US Congress on mine safety and limiting the Environmental Protection Agency's (EPA) authority. The delegation, led by...
Deals This Week: Adani, ArcelorMittal, Regent Pacific and More…
Adani Group subsidiary Adani Enterprises has signed a US$1.6bn agreement with PT Bukit Asam, a Government of Indonesia coal mining company. Under the agreement, Adani Enterprises will...
New Coal Mining Regulations to Affect US Coal Production
Proposed regulations by the US Environmental Protection Agency to protect streams from coal mining are likely to affect coal production across the country, according to a government...
Trimex to Build Two Titanium Projects
Trimex Group is planning to develop two titanium projects worth $1.3bn. The company will set up its first plant in Andhra Pradesh, India, by 2014, and will invest INR22.5bn ($490m) in...
Outotec to Offer Copper Smelting Technology to Serbian Smelter
Finnish mining technology firm Outotec has signed a contract with Canada's SNC-Lavalin engineering and construction company to design and deliver a copper flash smelting furnace to RTB...
First Quantum Plans $2b Expansion for 2011-14
First Quantum Minerals is planning to invest $2bn in 2011-14 to expand and develop its operating mines and new projects. The proposed expansion covers Zambia-based Kansanshi and...
Adani to Develop Coal Transportation Infrastructure in Indonesia
Adani Enterprises will develop transportation infrastructure for Indonesia under a $1.6bn deal signed with the Indonesian Government and its coal mining firm PT Bukit Asam Tbk. Adani...
Molycorp Approves Phase II Expansion of Mountain Pass Project
Molycorp has obtained board approval for its phase II expansion plan of the Mountain Pass facility in California, US. The expansion is expected to double the production capacity of...
Bauxite Resources, Yankuang to Build Australia Refinery
Bauxite Resources (BRL) has signed a joint venture resource agreement with Yankuang Corporation for the design and construction of a refinery in Western Australia. The facility...
Genivar wins EPCM contract for Canada Mine Development
Canada Lithium has contracted Genivar for engineering, procurement, construction and management of its proposed lithium mine and processing plant in Quebec, Canada. The company...
Reliance Coal to Invest $5bn in Indonesian Coal Projects
Reliance Power subsidiary Reliance Coal Resources will invest $5bn to develop projects in South Sumatra and Jambi, Indonesia. The funds will be used to develop coal mines and...
Petra Diamonds to Acquire De Beers’ South African Mine
Petra Diamonds will acquire the Finsch diamond mine in South Africa from De Beers Consolidated Mines for R1.425bn ($210m). Finsch is expected to produce over 1.5 million carrots per annum in...
Vale to Invest up to $4.5bn in Malaysia
Vale will invest around $4.5bn in the construction of its iron-ore transshipment project in the Perak state of Malaysia. The construction cost ranges from RM9bn ($2.9bn) to RM14bn ($4.5bn) over...
ENRC to Invest $7bn in Kazakhstan
The Eurasian Natural Resources Corporation (ENRC) is planning to invest around $7bn in proposed mining development programmes in Kazakhstan. The firm will invest $2bn to expand the...
India to Introduce Coal Regulator Bill
The Indian Government will introduce the Coal Regulator Bill in parliament to ensure a level playing field for all the stake holders. Indian Union Minister for Coal Sriprakash Jaiswal said...
Arch Coal and Ridley Terminal sign on Coal Exports Deal
Arch Coal has signed a five-year agreement with Canadian Crown Corporation Ridley Terminals (RTI) to export coal to Canada’s Pacific Coast. Arch will have an output of two million tons of...
Rio Tinto, Chinalco to Form Mining JV in China
Rio Tinto and the Aluminum Corporation of China (Chinalco) will form a domestic mining joint venture in China. Rio Tinto’s managing director in China Ian Bauert said the companies are in...
IGE Gets Mining Rights for South African Project
IGE Resources has obtained the mining rights for its Bakerville diamond project, located near Johannesburg, South Africa. The Bakerville project has a verified resource base of 454,000...
Coal India to Develop Underground Mine
The world's largest coal producer, Coal India, is set to develop a new underground mine in the state of Jharkhand, India Located at Muraidih, near Dhanban, the site has 20 million tons of...
Jindal to Begin Bolivian Iron Ore Exports
India's Jindal Steel and Power is planning to begin iron ore exports from its El Mutun mine in Bolivia from March. The company will invest about $280m and expects up to a million tons...
Sichuan Hongda to Invest $3bn in Tanzanian Projects
Tanzania's National Development Corporation (NDC) said Sichuan Hongda of China will invest $3bn in the country to construct an integrated coal mine in Mchuchuma and an iron ore mine and a...
Thiess Gets $1.3bn Mining Contract from Peabody Energy
Thiess has won a contract worth $1.3bn to extend mining operations at Peabody Energy Australia’s Burton coal mine in the Bowen Basin, Australia. Under the six-year contract, Thiess...
Deals This Week: Spectral, Pacific Coast Nickel, Trevali and More…
Spectral Capital Corporation of the US has acquired 65% of a vast gold resource located in Kazakhstan. Under the terms of transaction, Spectral will provide $200m in financing for...
EMED Gets Heritage Clearance for Spanish Mine
EMED Mining has obtained heritage clearance from the Department of Culture and Heritage of the Junta de Andalucía, Spain, for its Rio Tinto copper mine. The Department of Culture and...
SNC-Lavalin Wins Modernisation Contract for Serbian Project
Canada's SNC-Lavalin has been awarded an engineering, procurement and construction contract by Rudarsko Topionicarski Basen Bor Grupa (RTB-Bor) for the modernisation of its copper smelting...
Boliden to Invest $590m for Garpenberg Mine Expansion
Swedish mining and smelting company Boliden will invest Skr3.9bn ($590m) to expand its Garpenberg mine in Dalarna county, Sweden. The investments will be used for developing a concentrator,...
Rio Tinto’s 2010 Iron Production Sets New Record
Rio Tinto's global iron ore operations have set a new annual record of 239 million tons in 2010 and a quarterly production record of 65 million tons. Releasing its fourth quarter...
Anglo American to Raise $4.7bn by Selling Assets
Anglo American will sell some of its assets to raise £3bn ($4.75bn) as part of its strategy to cut costs and focus on core mining. The company plans to sell Tarmac Building Products, which...
Floods Disrupt Australian Coal Supply Chain
The heavy flooding in Queensland has disrupted Australia's coal supply chain, which is expected to have a global impact on the energy sector. The flooding has damaged rail lines connected...
inthinc Introduces Mining Safety Technology
US-based inthinc Technology has introduced a new technology that can help mining companies receive real-time tracking and instant alerts for vehicles operating in open pit mining blast...
Nautilus Receives World’s First Deep Sea Mining Lease from PNG
Nautilus Minerals has received the world’s first deep sea mining lease from the government of Papua New Guinea (PNG) for the development of its Solwara 1 project in the Bismarck Sea. The...
Haranga Discovers Large Iron Ore at Mongolian Project
Australia's Haranga Resources has discovered a large, intense magnetic anomaly at the Sumber iron ore project in Mongolia. A magnetic survey reported that the identified iron mineralisation...
Natural Resource Acquires US Coal Reserves for $70m
Natural Resource has completed a fourth acquisition of coal reserves of nearly 200 million tons at the Deer Run mine from Colt, an affiliate of Cline Group. Located in Illinois, US, the mine...
India Forms Committee for ‘No-Go’ Mining Areas
The Indian Government has set up a ministerial committee to set boundaries for 193 coal blocks falling in ‘no-go’ forest areas. Prime Minister Manmohan Singh established the committee...
GMDC to Develop $3bn Alumina Project
The Gujarat Mineral Development Corporation (GMDC) of India is planning to develop a INR136bn ($3bn) alumina project in Kutch District, Gujarat. The GMDC is planning to develop...
US Nickel Purchases Ball Mill in Australia
US Nickel is purchasing a ball mill to begin construction of a 500,000t-per-annum gold processing plant at the Bullant mine project near Kalgoorlie, Australia. The purchase includes...
US Revokes Permit for Mountaintop Mining
The US Environmental Protection Agency (EPA) has revoked a permit for the mountaintop-removal of one of the largest coal mining projects in West Virginia. The agency said that Mingo...
Dolat to Expand Diamonds Operations in West Africa
US-based Dolat Ventures is planning to expand its diamonds operations at the Baimbawai Pool in the Sewa River, located in Sierra Leone, West Africa. Initial drilling and exploration by...
Floods Affect Rio Tinto’s Aluminium Supply
Heavy flooding in Queensland, Australia, has affected the supply of aluminium from Rio Tinto Alcan’s Boyne Smelters. The floods have disrupted road and rail access between Gladstone...
NY University to Train Chinese Team on Mining Safety
The Polytechnic Institute of New York University (NYU-Poly) in the US will conduct a pilot programme on mining safety for a Chinese team. The 15-member team, comprising scientists...
Deals This Week: Cliffs Natural, Inmet, Hudbay and More
Cliffs Natural Resources has signed an agreement to acquire Consolidated Thompson Iron Mines for C$4.9bn (US$4.96bn). Under the agreement, Cliffs will acquire all of Consolidated's...
Detour Gold Commences Construction on Canada Project
Detour Gold has begun construction on its Detour Lake gold project in north-eastern Ontario, Canada. The company has invested over C$500m in project expenditures. Detour has contracted...
Inmet, Lundin Sign $9bn Merger
Inmet Mining and Lundin Mining will merge to create an international copper producer, Symterra Corporation. The firms have signed an agreement valued at around C$9bn (US$9.12bn). ...
Southern Arc Gets Licence for Indonesian Project
Southern Arc Minerals' Indonesian subsidiary, PT Indotan Lombok Barat Bangkit (PT ILBB), has been granted a mining business licence (IUP) for its West Lombok property, located on Lombok...
Caterpillar to Open Thailand Facility
Mining equipment manufacturer Caterpillar is planning to open a manufacturing facility in Thailand this year, with production scheduled to begin in late 2012. The 60,000m2 facility will...
Sirius Finds Nickel Gossan at Australian Project
Sirius Resources has found a new gossan at its Polar Bear project in Western Australia. The gossan, known as the Dundas gossan, averages 2.8% copper, 0.8% nickel and 13.3g/t total platinum...
Cliffs Natural to Acquire Consolidated Thompson for $4.9bn
Cliffs Natural Resources has signed an agreement with Consolidated Thompson Iron Mines to acquire all of Consolidated Thompson's common shares for C$4.9bn (US$4.96bn) at C$17.25 a share. ...
HudBay to Acquire Norsemont
HudBay Minerals has signed an agreement with Norsemont Mining to acquire the outstanding common shares of Norsemont by way of a formal takeover bid. The transaction value is estimated to be...
Strzelecki Receives Exploration Concession from Poland
The Government of Poland has granted a six-year exploration concession to Strzelecki Metals’ Polish subsidiary, Slasko Krakowska Kompania Górnictwa Metali. The concession, comprising...
Vietnamese Mining Group Records $3.6bn Revenue for 2010
The Vietnam National Coal Mineral Industries Holding Corporation (Vinacomin) recorded a total revenue of VND69,600bn ($3.57bn) in 2010, with an investment of around VND24,580bn...
Australian Mines to Acquire Nigeria Gold
Australian Mines has completed due diligence to acquire Nigeria Gold, owned by Mines Geotechniques (MGL), in north-west Nigeria. The company said it expects NGL to finalise the acquisition...
Major Indian Firms to Bid for Afghanistan Mine
Major Indian steel firms are planning to bid for Hajigak Mine in Afghanistan, which is estimated to contain 1.8 billion tonnes of iron ore deposits, according to Indian Mines Secretary Vijay...
Afghanistan Focuses on Mining to Boost National Income
The Afghan Government is planning to increase its income from the mining and exploration of underground natural resources to $3.5bn within the next 15 years. Minister for Mines...
Jindal to Explore Coal in Mozambique
India-based Jindal Poly Films subsidiary Jindal Resources has been awarded coal blocks for geological prospecting and exploration in Mozambique. The company bid for the tender, issued by...
China to Tighten Pollution Standards for Rare Earth Mining
The Chinese Government is taking measures to tighten pollution standards for rare earth mining in the Inner Mongolia autonomous region. Inner Mongolia government rare earth adviser Yang...
Mine Refuge Capsule Clears Stability Tests
A life-saving mine safety capsule that can provide emergency shelter for trapped miners has cleared stability tests in Xi'an, Shaanxi province, China. The capsule can provide shelter for 12...
Philippine Mining Investment to Reach $17bn by 2016
Investments in the mining sector of the Philippines are expected to reach $17.3bn by 2016, according to The Philippines Department of Environment and Natural Resources (DENR). The...
New Millennium to Begin Construction on DSO Project
Canada's New Millennium Capital will begin construction work on phase I of its direct shipping ore (DSO) project within the next few months. The company has obtained environmental...
Australia to Expedite Dewatering Works at Flood Affected Mines
The government of Queensland, Australia, is working closely with flood impacted mines in the state to expedite dewatering works and protect the quality of the water. Treasurer and acting...
London Mining Gets SLEPA Permit for West African Mine
London Mining has obtained environmental permits from the Sierra Leone Environmental Protection Agency (SLEPA) for the development and operation of its Marampa iron ore mine in Sierra Leone,...
Deals This Week: Franco-Nevada, Puda Coal, Qiao Xing and More
Franco-Nevada has acquired 56.5 million common shares of Gold Wheaton Gold from Quadra FNX Mining for C$262m (US$262m) at C$4.65 a share. Franco-Nevada is also in the process of negotiating...
MSHA Plans New Safety Rules for 2011
The US Mine Safety and Health Administration is planning to implement new safety rules in 2011, according to its director, Joe Main. The federal agency plans to issue six regulations under...
Prophecy, JUST Group Sign on Coal Purchase MOU
Prophecy Resource has entered into a memorandum of understanding (MOU) with the JUST Group of Mongolia, which allows JUST to purchase a minimum of 1.2 million tons of coal from Prophecy's...
Orocobre Gets EIS Approval for Argentina Project
Australia's Orocobre has obtained environmental impact statement approval from the Jujuy provincial government for the development and exploitation of its Salar de Olaroz lithium-potash project...
Vallar Eyes $1bn Coal Assets in North America, Australia
UK's Vallar is eyeing the possible acquisition of $1bn-worth of coal assets in North America and Australia to strengthen its aspirations of joining the FTSE 100. The acquisitions are...
Jindal Saw to Mine Iron Ore in India
OP Jindal Group subsidiary Jindal Saw will mine iron ore from a deposit in Rajasthan, India, that is estimated to contain 180 million tons of iron ore reserves. Jindal Saw signed a mining...
Uranerz Energy Receives Mining Permit from WDEC
Uranerz Energy Corporation has received a commercial permit from the Wyoming Department of Environmental Quality (WDEQ) to mine the Nichols Ranch in-situ recovery uranium project in Wyoming, US. ...
Vale’s Tres Valles Completes First Copper Shipment
Vale’s Tres Valles copper complex in Chile has completed the first shipment of its copper cathodes output. Mine operations manager Carlos Roa said the first export, amounting to 94t of...
Zambia on Track to Reach Copper Target by 2012
The Zambian mining sector is on track to reach its annual production target of one million tons by 2012, according to the country’s Chamber of Mines. The Chamber is expecting...
Indonesia to Augment Coal Production in 2011
Indonesian coal companies will increase their coal production rate by 23% in 2011 to meet growing domestic and global market demand. Asosiasi Pertambangan Batubara Indonesia - Indonesian...
Peninsula Energy to Develop Uranium Recovery Facility in US
Peninsula Energy is planning to construct and operate an in-situ uranium recovery facility at its Ross ISR project, located near Oshoto, in north-eastern Wyoming, US. The facility will...
Hochschild to Develop Inmaculada Project in Peru
Hochschild Mining has signed a definitive joint venture agreement with International Minerals Corporation (IMZ) to develop the Peru-based Inmaculada project. Inmaculada is a 200...
India to Amend the Mines Act
The Indian Government is proposing to amend the 1952 Mines Act to regulate working conditions of miners and provide them with increased safety and welfare measures. The union cabinet has...
Indonesian Mining Records $2.28bn in Investments in 2010
Indonesia's Ministry of Energy and Mineral Resources has reported that investment in mineral and coal mining sectors reached $2.28bn in 2010. The realisation of minerals and coal...
Heavy Rains Disrupt Australian Coal Mining Operations
Heavy rain and floods have disrupted coal mining operations in Queensland, Australia. Coal deliveries in the region have been put on hold because flood damage to rail tracks between mines...
December 2010
Top
Ma'aden Secures $2.1bn PIF Loan for Aluminium Project
Ma'aden has secured a $2.1bn loan from Saudi Arabia’s Ministry of Finance through its Public Investment Fund (PIF) for initiating Phase 1 work on its aluminium project. As part of the loan,...
Deals This Week: Atlas Iron, Paladin, Duluth and More
Atlas Iron and Giralia Resources have signed a bid implementation agreement for an off-market takeover bid by Atlas for US$828m at US$4.57 a share. Upon completion of the transaction,...
Riversdale Agrees to Rio Tinto's $3.9bn Takeover Offer
Riversdale has agreed to a A$3.9bn takeover offer by Rio Tinto for a cash offer price of A$16 per ordinary share. The companies have entered into a Bid Implementation Agreement, whereby...
Season's Greetings
mining-technology.com will be taking a short break over Christmas. Our full daily news service will return on 4 January. Thank you for your support in 2010, and we wish you a happy and...
En+ Group, South Korean Consortium to Develop Chinea Deposit
En+ Group and a consortium of South Korean investors with participation of state-owned enterprise Korea Resources Corporation (KORES) have agreed to set up a joint venture (JV) to develop...
Uralkali to Acquire Silvinit for $7.8bn
Russian potash producer Uralkali is acquiring Silvinit for $7.8bn in cash and shares to benefit from the rising demand of the commodity. Under the transaction, Uralkali will acquire 1.56...
Atlas Copco to Expand Swedish Plant Production
Atlas Copco is expanding its production capacity of rock drilling tools in Fagersta, Sweden, by investing around $60m. According to the company, the investment will ramp up its...
Australia Proposes Marathon’s Exploration Licence Renewal
The South Australian Government is set to renew Marathon Resources' exploration licence (EL 4355) for the Northern Flinders Range project for one year. The government has also advised...
Wesizwe Secures $877m from JNMC and CADF
South Africa's Wesizwe Platinum has secured $877m in project financing from Chinese non-ferrous mining firm Jinchuan Mining Group (JNMC), and the China-Africa Development Fund (CADF). The...
Moly Mines Announces First Shipment of Iron Ore
Moly Mines has confirmed that the first iron ore produced from its Spinifex Ridge iron ore project is ready for shipment from Port Hedland. The maiden shipment will carry up to 55,000t of iron...
CIC Mining Signs MOU with CRM on Rail and Port Services
CIC Mining Resources has entered into a memorandum of understanding with China Railway Materials Commercial Company (CRM) to provide integrated rail and port services. The services offered...
BHP Submits EIS for Canadian Potash Project
BHP Billiton has submitted an environmental impact statement (EIS) for its Jansen potash project in Saskatchewan, Canada, to the Saskatchewan Ministry of Environment. The company prepared the...
Continental Coal Begins South African Coal Mine Development
Continental Coal has commenced development of the Penumbra underground coal mine, located in the Ermelo coalfield, south of the town of Ermelo in Mpumalanga province, South Africa. The...
Rio Tinto to Divest Cloud Peak Shares
Rio Tinto has announced a sale price to divest its interest in US coal miner Cloud Peak Energy. The company priced the underwritten secondary offering of 25.6 million shares of Cloud Peak...
DMC to Develop BHP’s Mine in Canada
DMC Mining has signed a five-year contract worth $400m to develop two mine shafts at BHP Billiton's Jansen Potash project in Saskatchewan, Canada. DMC president and CEO William Shaver said...
KCM to Invest $1bn for Expansions in Zambia
Konkola Copper Mines (KCM) will invest $1bn in expansions and upgrades in Zambia to become a 400,000t-a-year copper producer by 2012. The investment will be spent on the refractory ore project...
ARMZ Uranium to Acquire Mantra Resources for $1.2bn
ARMZ Uranium Holding has signed an acquisition agreement with Mantra Resources to acquire 100% of issued shares of Mantra Resources for A$1.2bn (US$1.2bn). The company will pay A$8 (US$7.94)...
Uranium Energy Gets TCEQ Permits for Texas Project
Uranium Energy has received regulatory permits for its Goliad in-situ recovery project in South Texas from the Texas Commission on Environmental Quality (TCEQ). The TCEQ has provided the...
Rio Tinto to Expand Aluminium Smelters in Canada
Rio Tinto will invest $758m in the modernisation and expansion of its Canadian aluminium smelters to improve production efficiency. The investment will be spent to complete the first phase of...
Platinum Group to begin $100m Platinum Mine Construction
Platinum Group Metals will invest $100m for the construction of the Western Bushveld joint venture (WBJV) project 1 platinum mine. The proposed budget has been approved by the Board of...
Mantle, Exergen Sign Deal over Australian Coal Project
Mantle Mining has executed a pre-joint venture agreement with Exergen to develop the Bacchus Marsh coal project, located 50km west of Melbourne, Australia. The firms have set out 50:50...
HCL to Develop New Mine in Indian State
Hindustan Copper is planning to develop a new mine with about 50 million tons of ore reserves in Jharkhand, India. The firm plans to engage contractors to develop the underground mine...
Afghanistan Approves Gold Mining Deal
The Government of Afghanistan has approved a project to mine gold under the mountains of northern Afghanistan. The deal is the first mining project in Afghanistan to be backed by...
MMX Plans $3bn Expansion in Brazilian Mines
Brazilian iron-ore mining firm MMX Mineracao & Metalicos SA is planning to invest BRL$5bn ($3bn) to expand mines in Brazil to meet the growing demand for raw materials in Asia. The firm...
Deals this Week: ARMZ, Franco-Nevada, Inmet and More
ARMZ Uranium Holding has entered into an acquisition agreement with Mantra Resources to acquire 100% of issued shares of Mantra Resources for A$1.2bn (US$1.2bn). Each common share of...
Molycorp to Construct Rare Earth Facility at California
Molycorp will invest $531m to begin construction of its rare earth mine-to-magnets manufacturing facility at Mountain Pass, California, US. The firm has secured the last of several...
Pike River Placed in Receivership
Pike River Coal (PRCL) in New Zealand has been placed in receivership after the firm found itself in a precarious financial position, following last month's mine explosions. Pike River...
ICVL to Bid for Australian Riversdale
The Indian Steel Ministry has advised International Coal Ventures (ICVL) to bid for Australian mining firm Riversdale. ICVL will be competing with Rio Tinto to secure Riversdale's coal assets...
Franco-Nevada to Acquire Gold Wheaton for $823m
Franco-Nevada will acquire Gold Wheaton in the form of a plan of arrangement for C$830 (US$823m) in cash and shares. The firms have entered into a friendly business combination agreement...
Rwanda Expects More Investments in Mineral Industry
The Rwandan Government is expecting increased investment in its minerals industry following the ban on mining in Congo, its neighbouring country. Congo suspended mining in the North Kivu,...
Strategic Mining Gets Licence Expansion for Vietnamese Gold Mine
Strategic Mining has obtained an expanded exploration licence for its Nat Son gold property in Vietnam. The People's Committee of Hoa Binh Province awarded the licence after geology...
Debswana Expands Jwaneng Mine in Botswana
Debswana Diamond has launched a multi-billion dollar Cut-8 extension project at its Jwaneng mine in Botswana. The company will invest $500m in capital expenditure and the estimated...
Zimbabwe Needs to Reconsider Mining Contracts
Zimbabwe needs to reconsider some of the mining contracts it has signed, according to the Zimbabwean Parliamentary Portfolio Committee on Mines and Energy. Committee chairman...
African Minerals Receives Phase 1 Funding for Tonkolili Project
African Minerals has received phase 1 funding for the development of its Tonkolili project in Sierra Leone, West Africa. The company received $370m through a loan facility, with 10%...
Heavy Rains Stall Rio Tinto’s Australian Operations
Heavy rains in central Queensland, Australia, have stalled Rio Tinto’s mining operations in the region. The firm declared force majeure for three of its mines – Clermont, Blair Athol and...
Xstrata to Invest $1.36bn in Australian Coal Mine
Xstrata is developing the Ravensworth North open cut coal mine in the Upper Hunter Valley of New South Wales, Australia, for a total investment of $1.36bn. Located within the existing...
Anglo American Secures Key Licence for Brazilian Project
Anglo American has secured a key licence for the development of its Minas-Rio iron ore project in Brazil. The award of the second part of the mine installation licence was granted by SUPRAM,...
Komatsu to Build $50m Mining Equipment Facility at Wacol
Construction and mining equipment manufacturer Komatsu has invested $50m to build a ‘super site’ at Wacol, Australia, as part of its nationwide expansion programme. Located south-west...
SMM to Explore Nickel in Solomon Islands
Sumitomo Metal Mining has acquired nickel exploration rights for three mining districts of the Solomon Islands through an international tender, opened by the Government of the Solomon...
Xstrata to Spend $23bn on Expansion
Xstrata will spend £14.5bn ($23bn) over the next six years on mining operations and expansion, with a focus on coal, copper and nickel projects. The firm said that its expansionary...
Rio Tinto to Develop Mongolian Mine with $1.8bn
Rio Tinto has entered into an agreement with Ivanhoe Mines to assume direct management of the Oyu Tolgoi copper-gold project in Mongolia. Under the agreement, the firm will provide...
Moly Mines Gets China Approval for Financing Spinifex Project
Moly Mines' major shareholder, Hanlong Mining Investment, has received Chinese Government approval that will enable it to complete financing for the Spinifex Ridge molybdenum/copper project. ...
Norilsk Relaunches Nickel Production in Australia
Russia's MMC Norilsk Nickel has re-launched nickel production out of its Australian assets, which were placed on indefinite care and maintenance due to an unfavourable economic environment...
Deals This Week: Walter, Vedanta, ITOCHU and More
Walter Energy will acquire all outstanding shares of Canada’s Western Coal for a total enterprise value of C$3.3bn (US$3.3bn). The firms have entered into an arrangement agreement for...
Capstone Recommences Mexico Mine after Rock Fall Incident
Canada-based Capstone Mining has recommenced operations at its Cozamin mine, located north-west of Zacatecas City in Zacatecas, Mexico. The firm plans to ramp up production levels to...
India to Renovate Bureau of Mines
The Indian Government has established a panel to renovate the Indian Bureau of Mines (IBM) for enhancing its role to meet the projected growth in the mining sector, including increased inflow...
Walter Energy to Acquire Western Coal for $3bn
US-based Walter Energy will acquire all outstanding shares of Canada’s Western Coal for a total enterprise value of $3.3bn. The firms have entered into an arrangement agreement for Walter...
CNEEC to Develop IRC Kimkanskoye and Sutarskoye Deposits
IRC Group has awarded a $400m engineering, procurement and construction (EPC) contract to Chinese contractor CNEEC. Under the contract, CNEEC will develop IRC's Kimkanskoye and Sutarskoye iron...
Rio Tinto Extends Channar Mining JV in Australia
Rio Tinto has extended its Channar Mining joint venture (JV) with Sinosteel, in the Pilbara region of Western Australia. The firm said the extension will lead to a further 50 million tons of...
Vale Opens Copper Plant in Chile
Vale has opened its first copper plant in the IV Region of Coquimbo, Chile. The Valles plant will be the company's first to produce cathodes on an industrial scale using the...
Sterlite Acquires Namibian Zinc Mine for $707m
Sterlite Industries, a subsidiary of Vedanta Resources, has acquired the Skorpion zinc mine in Namibia from Anglo American for a cash consideration of around $707m. Initially, Skorpion was to...
Global Nonferrous Metals Exploration Reaches $12.1bn
The estimated 2010 budget for global nonferrous metals exploration has reached $12.1bn, according to a report by Metals Economics Group (MEG). MEG's 21st edition of Corporate...
Rio Tinto, Chinalco Sign Exploration JV in China
Rio Tinto and Chinalco have signed a Memorandum of Understanding (MoU) to establish a landmark exploration joint venture (JV) to explore mainland China for mineral deposits. The JV will...
Ok Tedi to Repurchase Inmet's Royalty for $335m
Ok Tedi Mining (OTML) has signed an agreement with Inmet Mining to repurchase a 5% net smelter royalty (NSR). Under the NSR repurchase agreement, Inmet will receive a cash payment of $335m in...
Discovery Metals Gets Botswana Approval for Capacity Upgrade
Discovery Metals has received an approval from the Government of Botswana’s Department of Environmental Affairs for a capacity upgrade for the Boseto copper project. The approval allows...
Silver Dragon to Commence Silver Production in China
Silver Dragon resources will start silver production at its Erbahuo silver mine in China in the second quarter of 2011. The open-pit mine is expected to produce dore silver bars by the...
Altona to Begin Tunnelling at Finnish Copper Project
Altona Mining will commence decline tunnelling on its Outokumpu copper project in Eastern Finland this week, one month ahead of schedule. The initial development contract for the project's...
Deals This Week: Inmet, CoAL, Lugansk and More
Inmet Mining has signed a binding agreement with Leucadia National and an affiliate to acquire its 30% indirect equity interest in the Cobre Las Cruces copper mine in Spain for $552m. ...
Sesa Goa Ceases Mining Operations in Thakurani Mine
Sesa Goa has closed down the Thakurani mine in Orissa, India, because it could not renew mining contracts on viable commercial terms on a long-term basis. The third-party mining contract...
Kinross to Invest $1.5bn in Mauritania Gold Mine
Canada-based Kinross Gold will invest $1.5bn in the Tasiast gold mine in Mauritania. The investment will be spent over three years to increase the mine's production from 200,000oz to one...
Thiess Wins Coal Contract Worth $5.5bn in India
Leighton Holdings subsidiary Thiess has secured a mine development and coal mining contract worth $5.5bn in India. The contract calls for Thiess to develop and operate the greenfield...
Rio Tinto Invests Additional $1.2bn in Pilbara Region
Rio Tinto has approved a $1.2bn investment in Western Australia's Pilbara region to increase the state’s annual iron ore production capacity to 283 million tons per annum (Mt/a). The capital...
Tawana, Gryphon to Collaborate on West African Projects
Tawana Resources has signed a strategic alliance agreement with West African gold explorer Gryphon Minerals as part of its expansion plans into West Africa. The agreement provides Tawana...
GSI Discovers Coal Reserves in Indian State
The Indian Government's apex and mineral exploration agency, Geological Survey of India (GSI), has found substantial coal reserves in several areas of southern and northern Tripura, India. ...
Inment to Acquire Interests Worth $552m in Spanish Copper Mine
Inmet Mining has signed an agreement with Leucadia National to acquire a 30% indirect equity interest and subordinated sponsor loans in the Cobre Las Cruces copper mine. The purchase value of...
Xstrata Approves $122m for Frieda River Project in PNG
Xstrata has approved a $122m feasibility study for its Frieda River copper-gold project in Papua New Guinea, a joint venture with Highlands Pacific. A pre-feasibility study noted that the...
WPG to Develop Peculiar Knob Mine in Australia
WPG Resources is planning to develop its Peculiar Knob DSO iron ore mine, located south-east of Coober Pedy in South Australia. According to the company, Peculiar Knob is the highest...
Norilsk Nickel to Divest Stillwater Mining Stake
Russian mining firm Norilsk Nickel is selling its 51% stake in Stillwater Mining. The transactions are consistent with Norilsk Nickel’s strategy to rationalise its international...
Mining-technology.com Launches Major Mining Survey
To understand what our readers consider the most important business issues for 2011-12, mining-technology.com is launching a major industry survey. We are looking to find out how...
Ausgold Discovers Thick Gold at Australian Boddington Project
Ausgold has discovered thick ore bodies at its Boddington South gold project, located within the underexplored south-west Yilgarn region of Western Australia. The assay results from six holes...
Zambezi Receives Positive Results from Kalulu Prospect
Zambezi Resources has received additional positive assay results from the Kalulu prospect as part of its continuing assay programme on previously sampled drilling. The results confirm...
Rio Tinto to Invest in Canada Mine Research Centre
Rio Tinto will invest $C10m (US$10.1m) into an underground research centre in Canada as part of its global expansion programme. The centre will be based at the Centre for Excellence in...
Sidon to Initiate MEG Property Drilling in Tanzania
AFGF, Sidon International Resources' operating consultant, has signed a contract with Simba Drilling of Tanzania to initiate a drilling programme on the company's MEG property, south-east...
November 2010
Top
Uranium One Gets Approval for ARMZ Transaction
Uranium One has received US Nuclear Regulatory Commission approval to close its transaction with Russia's JSC Atomredmetzoloto (ARMZ). The approval will enable the company to proceed with...
Wai Chun Mining to Acquire Three Mines
Wai Chun Mining has entered into an agreement with Guangxi Non-Ferrous Metals Group and Guangxi Sincerity Investments and Trading for possible acquisitions of interest in a manganese mine and...
Lynas and Sojitz to Expand Rare Earth Project
Lynas Corporation has signed a strategic alliance agreement with Sojitz Corporation to secure additional supplies of rare earths products for the Japanese market, by expanding the country's...
Coal Sector Witnesses M&A Transactions Worth $47bn
The global coal mining sector has witnessed merger and acquisition (M&A) transactions worth over $47.1bn through 968 deals this year, according to the report by a deal tracking firm...
JSW Energy Acquires CIC Energy
India's JSW Energy has acquired Canadian coal company CIC Energy for C$422 (US$414m) and will receive coal mine assets in Africa as a result of the transaction. CIC Energy owns and develops...
Blackthorn and Glencore Form Mining JV
Blackthorn Resources has entered into a joint venture agreement with Glencore for the Perkoa Zinc project in Burkina Faso, Africa. The agreement requires Glencore to fund $80m for the...
Gold Hawk, Tetra Tech Sign Contract for Oracle Ridge Copper Mine
Gold Hawk Resources has signed a contract with Tetra Tech for environmental baseline studies for the Oracle Ridge Copper Mine, located in Pima County, Arizona, US. Gold Hawk vice-president...
Channel Resources Resumes Exploration Drilling at Tanlouka Project
Channel Resources has resumed exploration drilling at the Tanlouka gold project in Burkina Faso, West Africa, with a 10,000m reverse circulation programme. Initial drilling programme...
San Miguel May Acquire Indophil
San Miguel Corporation is set to acquire up to 100% of Australian mining firm Indophil Resources, which shares a third of the $5.2bn Tampakan copper-gold project in Mindanao, the...
Minmetals Resources to Acquire MMG
Minmetals Resources, a subsidiary of China Minmetals Non-Ferrous Metals Company (CMN), plans to acquire Minerals and Metals Group (MMG) for $1.8bn from Album Resources. MMG produces zinc,...
Anglo American to Sell Australian Coal Mine
Anglo American is planning to divest its Callide thermal coal mine in central Queensland, Australia, adding to the six other coal assets it will sell. Callide Mine produced 8.8 million tons...
Third Explosion Hits NZ Mine
A third explosion has erupted inside the Pike River Coal mine in New Zealand where 29 miners were killed in an earlier explosion two days back. Pike River Coal chairman John Dow said the...
Deals This Week: Wai Chun, Baja Mining, Korea Zinc and More
Wai Chun Mining Industry Group has signed an agreement for the possible acquisition of some mineral resources from Guangxi Non-ferrous Metals Group (GNMG). Wai Chun may acquire 74%...
Mongolia Suspends Mining Licences
Mangolia's department of mineral resources and energy has suspended nearly 1,800 mining licences, more than a year after the government passed a law to protect the country's environment. ...
K+S to Acquire Potash One for $425m
K+S Aktiengesellschaft and Potash One will acquire Potash One for $425m. The companies have entered into a support agreement pursuant to which K+S will make an offer to acquire all of the...
Base Titanium Plans to Invest in Kenyan Mine
Base Titanium, the Kenyan unit of Base Resources in Australia, aims to raise nearly $270m to develop a heavy mineral-sand deposit in the south of Mombasa, Kenya, the company has announced. ...
Codelco to Invest in Chilean Copper Mine
Codelco is planning to invest $2.2bn in the construction of the Ministro Hales copper mine in the northern Chilean region of Antofagasta. The company said the mine will produce 163,000t of...
BHP Billiton to Invest $635m in Iron Ore Production
BHP Billiton has unveiled a plan to invest $635m to boost iron ore production in Western Australia. The investment expands on BHP Billiton's earlier pre-commitment of $1.73bn, announced...
EBX Bids to Acquire Ventana
EBX Group, an investment company controlled by Brazilian billionaire Eike Batista, plans to acquire its remaining shares at Ventana Gold. The company owns a 20% stake in the Canadian mining...
Second New Zealand Mine Blast Leaves 29 Dead
A second explosion has ripped through the Pike River mine in New Zealand, leaving rescuers with little hope of finding any of the 29 trapped miners alive. Local police confirmed that they...
Stillwater Plans to Develop Montana Mines
Stillwater Mining Company will develop two platinum and palladium projects in Montana's Beartooth Mountains, in the US. The Graham Creek project and the Blitz project will be located along...
Vedanta to Raise $1.1bn to Expand Zambian Mine
Vedanta Resources' Konkola Copper Mines is planning to raise $1.1bn through an IPO in London to expand its mines in Zambia and pay debt. Vedanta owns a 79.4 % stake in the company and...
Oyu Tolgoi Awards Mining Project Contract to AMEC
Mongolian mining company Oyu Tolgoi has contracted AMEC to undertake a feasibility study for Lift 1 of the Hugo North block cave operation of its copper and gold mining project in Mongolia. ...
Medusa Plans Philippines Mines Expansion
Australian mining company Medusa Mining is planning to invest $80m to expand the capacity of the Co-O mine in the Philippines. The expansion includes the construction of a treatment plant...
Usiminas Plans Brazilian Mine Operation with MMX
Brazilian steel producer Usiminas has signed an agreement with MMX to jointly operate its Pau de Vinho mine. Usiminas will use MMX's Southeast Port to ship iron ore exports in 2012-16 and MMX...
Vale Proposes $9bn Expansion Plan in Canada
Brazil's Vale has unveiled a C$10bn (US$9.78bn) capital investment plan in Canada over the next five years, including a potash project in Saskatchewan. Vale plans to build a $3bn potash mine...
Vallar to Invest $3bn in Stakes
British investment firm Vallar intends to buy a 25% stake in Bumi and a 75% stake in Berau for around $3bn. Bumi is an Indonesia-based natural resources group that focuses on coal mining,...
Rescuers Begin Drilling at NZ Mine Explosion Site
Rescuers have started drilling a 15cm ventilation shaft at the Pike River mine on New Zealand's South Island following an explosion last week that left 29 miners missing. Once the hole is...
Xstrata to Reactivate Australian Mine
Swiss miner Xstrata will restart its Sinclair nickel mine in Australia after suspending operations due to the global financial crisis. The company is also planning to start production at...
Caterpillar to Acquire Bucyrus for $7.6bn
Caterpillar is planning to acquire US-based mining equipment maker Bucyrus International for $7.6bn. Caterpillar will also assume $1bn of Bucyrus' debt. The transaction is expected to...
MDM Secures South Africa Manganese Mine Contract
MDM Engineering has secured a $140m contract for the engineering, design, and project and construction management of the Kalagadi Manganese mining and Umtu Sinter plant project in South...
New Zealand Mine Explosion Leaves 24 Missing
Up to 24 miners are missing in New Zealand after an explosion blasted through Pike River Coal mine today. Early reports suggested that at least 30 people were trapped in the mine, which reaches...
Deals This Week: Caterpillar, Nyrstar, Inmet, Global Gold and More
Caterpillar will acquire Bucyrus International for $8.6bn, boosting its line of mining equipment. Farallon Mining is being bought in a takeover deal valued at $380m by European-based...
Lonmin Plans to Increase Platinum Production
South African mining company Lonmin Platinum will spend about $1bn over the next three years to increase its platinum output to 850,000oz a year. The company said it will invest nearly $380m...
CGA Mining Masbate Project Output Rises
Australia's CGA Mining's daily throughput production at the Masbate gold project in the Philippines reached 21,831 dry tons of ore on 10 November 2010. On 10 May, the project had a record...
Xstrata to Invest $6bn in Mauritania Project
Swiss mining group Xstrata is planning to invest about $6bn in the production of iron in Mauritania. The company, which is in the process of buying three iron ore projects in Mauritania...
Citigold Plans North Queensland Expansion
Citigold has signed an agreement with Anhui Geology and Mining Investment in China to jointly explore and develop the area around the Charters Towers mining operation in Queensland,...
Anglo American Divests Moly-Cop, AltaSteel
UK mining giant Anglo American has agreed to sell Moly-Cop and AltaSteel to Australia's OneSteel for $932m. Under the agreement, economic interest in the businesses passes to...
Hindalco to Increase Aluminium Production
Hindalco, the metal flagship of India's Aditya Birla Group, said the company's US-based unit, Novelis, will increase its aluminium production capacity by 20% by 2014. Novelis will invest...
Zambia's Copper Production Up
Copper production in Zambia increased by 21% to 625,844t during the nine months of 2010 compared with 517,512t during the same period last year. Copper exports increased to 614,455t in the...
Usiminas to Boost Iron Ore Capacity
Usiminas is planning to invest BRL550m ($319.9m) to boost the iron ore capacity of its mining division, Mineracao Usiminas. The Brazilian steelmaker is planning to increase its iron ore...
China Molybdenum Acquires Mine Rights in China
China Molybdenum has acquired exploration rights for a mine in the Xinjiang province of China for CNY1.04bn ($157m). The company will explore an area of 16.77km2 around a mine in East Gobi, Hami....
Vale to Expand Garo Nickel Output
Vale is planning to increase nickel production by 25% in the Garo nickel project in New Caledonia and reach full capacity by 2013. The Brazilian mining company plans to produce 75,000t of...
US County to Turn Gravel Mine into Marine Park
King County in the US has agreed to buy a gravel mine on Maury Island in the Puget Sound for $36m and turn the site into a marine park. The move puts an end to concerns over damage to...
Paladin Plans Langer Heinrich Operation Early 2011
Australian uranium miner Paladin Energy will start commissioning an expansion project at the Langer Heinrich mine in Namibia in early 2011. The project will expand the mine's capacity to...
SA Mining Production Up
Mining production in South Africa has increased 12.1% year-on-year in September, according to Statistics South Africa. The report said platinum group metals output rose by 45.6%, while...
Xstrata Receives Wandoan Project Approval
The Queensland Government in Australia has given environmental clearance to Xstrata Coal's A$3bn Wandoan coal project in the state's Surat Basin. The 30 million ton-per annum open-cut thermal...
Vedanta Posts Half-Yearly Profit
Indian mining company Vedanta has reported an 83% rise in its half-year pre-tax profit to $1.1bn compared with $604m in 2009. The company’s revenue rose 54% to $4.6bn, Vedanta said. During...
Ivanhoe to Begin Production at Oyu Tolgoi Mine in 2012
Ivanhoe Mines said construction at its Oyu Tolgoi copper and gold mine in Mongolia is progressing ahead of schedule. The $5bn project, being developed in partnership with Rio Tinto and...
Afghanistan to Float $10bn Mining Tender
Afghanistan is planning to float tenders worth $10bn to give exploitation licences of mineral resources by next year, according to the government. Minister of mines Wahidullah Shahrani...
SNC-Lavalin Secures Panama Mining Contract
A joint venture led by SNC-Lavalin has secured a $4bn contract from Minera Panama, a subsidiary of Inmet Mining of Canada, to provide engineering, construction and management services at its...
CNMC to Halt Zambia Mining Operations
China Nonferrous Metals Corporation (CNMC) will suspend operations at its Baluba copper mine in Zambia from 15 November to replace its ore hoisting system. However, CNMC said underground...
Deals This Week: ArcelorMittal, Xstrata, Rio Tinto, American Sierra and More
ArcelorMittal is eyeing an iron ore deposit on Baffin Island in the Arctic with an agreed C$433m bid to acquire Baffinland Iron Mines of Toronto, Canada. ArcelorMittal is planning for a...
ArcelorMittal Bids for Baffinland Iron
ArcelorMittal is eyeing an iron ore deposit on Baffin Island in the Arctic with an agreed C$433m (US$432) bid to acquire Baffinland Iron Mines of Toronto, Canada. The C$3.9bn project could...
Costa Rica Votes to Ban Open-Pit Mining
Costa Rica's Congress has voted to ban open-pit mining projects in the country, barring the Crucitas gold mining project. The lawmakers said open-pit methods can lead to deforestation and...
Sierra Leone Orders London Mining to Stop Lunsar Operations
Sierra Leone has ordered the London Mining Company to halt operations at one of its sites following environmental violations. Environmental Protection Agency (EPA) deputy director Momodu Bah...
Xstrata Eyes New Iron Ore Deals
Xstrata is looking for more acquisitions to create an iron ore division following its recent bid to acquire Sphere Minerals for A$514m (US$520.9m). The creation of an iron ore division will...
Mine Explosion Traps Five, Injures Two
A gas explosion in an unlicensed coal mine in China's Guizhou province has left two injured and five trapped underground. The explosion took place at 8:40pm on 8 November in Qinglong...
PNC Bank Decides Against Funding Mountaintop Mining
PNC Bank will stop financing mining projects that extract coal through mountaintop mining. As part of PNC's corporate responsibility, the bank will not fund projects or offer credit to coal...
Chile Mine Accident Kills Two
An accident that happened at the Los Reyes mine in Chile on 8 November has killed two workers and injured one. Police said the victims were starting their first working day at the mine when...
Zimbabwean Government Takes Control of JV Following Core Mining Ban
The Zimbabwean Government said it is taking over a joint mining venture following allegations that its private partners deal in blood diamonds. Core Mining's 12 directors have been barred...
American Sierra Gold Acquires Mining Claims in Canada
American Sierra Gold has acquired six mining claims in the Adams Plateau area of southern British Columbia, Canada. Company president James Vandeberg said the technical reports prepared...
Eastern Platinum Receives Rights for Mareesburg Project
Lion's Head Platinum, a subsidiary of Canada-based Eastern Platinum, has received the New Order Mining Right for the Mareesburg project in South Africa from the country's Department of...
Sudan Signs Fresh Mining Deals
Sudan has signed ten gold and mineral exploration deals relating to contracts in the north of the country. Mining Minister Abdel Bagi al-Jaylani told Reuters that the country has initiated...
Origen to Mine Pampa Colorada Claim
Alturas Minerals has given Origen the right to mine iron ore from its 3.6 million-square metre Pampa Colorada claim for ten years. Alturas will receive royalty payments based on the tonnage...
Sandvik Mining to Provide Equipment for Rio Tinto Expansion
Sandvik Mining and Construction has been chosen as the preferred supplier of mobile machines for Rio Tinto's iron ore capacity expansion. Rio plans to raise capacity to 283 million tons per...
Integra Identifies More Gold Zones in Majestic
Integra Mining has identified four zones of high-grade gold mineralisation with strong intersections at the Majestic gold discovery near Kalgoorli, Australia. According to Integra, the area...
Canada Blocks BHP's PotashCorp Takeover Bid
Canada has blocked BHP Billiton's US$40bn takeover bid of PotashCorp stating the proposed deal may not provide financial benefits to the nation. The Canadian Government, however, has given...
Kinross Gold Records Improved Earnings for Q3
Kinross Gold has achieved net earnings of $346.9m in the third quarter, following a net loss of $21.5m in the same quarter last year. Production during the quarter was up 7% to 575,065...
Deals This Week: Whitehaven, Baja Mining and More
US coal producer Peabody Energy and Alpha Natural Resources may bid for Australian mining business Whitehaven Coal following its announcement of a formal bidding process last week. The...
Newmont Q3 Profit up 38%
Newmont's profit has increased by 38% to $537m, compared with a $388m profit in the same period last year. The US gold producer reported quarterly revenue of $2.6bn for the third quarter...
Eldorado Gold Ships Iron Ore from Brazil Mines
Eldorado Gold has started the first shipment of iron ore from its Vila Nova mine in Brazil. The shipment consists of 45,000 tonnes of lump ore. The Canadian miner is planning to ship...
Canada Rejects Taseko's Mine Proposal
Canada has rejected Taseko Mines' proposal for a gold and copper project in British Columbia. Canada refused to grant approval due to concerns about the adverse impact the project,...
Southern Copper Invests in Peru Mines
Southern Corporation has invested $154m to expand the production of the Cuajone and Toquepala mines in Peru. The US-based mining firm has invested $114.6m to expand the output of its...
Mwana to Restart Trojan Nickel Mine Next Year
Mwana Africa is expecting to restart full operations at its Trojan Nickel Mine in Mashonaland, Zimbabwe, during September next year. The mine was closed two years ago following the...
China to Consolidate Coal Production in Five Years
China is planning to limit its annual coal production to 3.8bn tonnes in the next five years, compared with 3.2bn tonnes last year. Under the five-year plan large mines would account for...
Chinese Plant to Produce Mine Rescue Robots
A north China plant will start producing coalmine rescue robots that can enter hazardous sites to collect data when accidents happen. Kaicheng Electronic in Tangshan has designed a...
Mining Union Suspends Planned Strike Following Wage Offer
The National Union of Mineworkers of South Africa has suspended a proposed strike at JIC Mining following a fresh wage offer from the company. The strike was planned to begin on 31 October...
China Invests 24% of FDI in Mining
China has invested about 24% of its outbound foreign direct investment in the mining industry. The country's vice minister of the Ministry of Commerce, Chen Jian, said that the cooperation...
Colorado Court Denies Mine Expansion Permit
A Federal District Court judge in Colorado, US, has denied an expansion permit for a coalmine on the Navajo reservation. John Kane has called for a thorough review of the impact of the...
Luiri in Talks Over Zambian Mining Licence Cancellation
Luiri Gold is holding talks with Zambian mining officials to resolve the cancellation of tenure of its mining licence. The licence covered the Matala and Dunrobin gold deposits in the Luiri...
Queensland Authorities Approve Xstrata Mine Expansion
Xstrata said its $246m expansion plan for the George Fisher mine in Mount Isa has been approved by the Queensland Government. The expansion will increase the annual production rate by almost...
Rwandan Tin Mine Accident Kills Eleven
Eleven miners are reported to have died in an accident at a tin mine in the Rwamagana district of eastern Rwanda on 30 October. Police spokesman Eric Kayiranga said such accidents are...
Vale to Invest $24bn in 2011
Brazilian mining giant Vale is to invest $24bn in 2011 as it seeks to increase production of iron ore and expand in terms of fertilisers, nickel and copper. Vale's total output of iron ore...
Vale Reports Increased Q3 Profit
Brazilian mining company Vale has reported net earnings of $6bn in Q3 2010, a 260% increase from the $1.68bn recorded during the corresponding period of 2009. Vale said its revenue for...
Tata Steel Joint Venture to Start Iron Ore Mining in Canada
India-based Tata Steel has formed a joint venture with Canada's New Millennium Capital Corporation to carry out iron ore mining operations in Canada. The joint venture company, Tata...
Nippon Steel to Develop Mozambique Coal Mine in 2012
Nippon Steel Corporation has said that it will start the joint development of a coal mine in Mozambique with three other firms in 2012. The $600m hard-coking coal mine will have produce...
Adani to Develop Indian Coal Block
Adani Enterprises has obtained an order to develop and operate a coal block in the state of Orissa, India. The Indian firm will carry out the development and operation of the Chendipada...
October 2010
Top
Deals This Week: Equinox, Nippon Steel, Sable Mining and More
Equinox Minerals has said it will acquire Citadel Resource Group to gain access to a copper and gold project in Saudi Arabia. The total consideration of the transaction is $1.23bn. ...
Chinese Coal Mine Flood Kills Twelve
Twelve coal miners have been killed due to flooding at the Dapo Mine in Guizhou Province, China, on 27 October. The authorities are investigating the cause of flooding, reports Xinhua. ...
Methane Blamed for West Virginia Mine Blast
Massey Energy chief executive Don Blankenship has said that methane gas was solely responsible for the disaster at the Upper Big Branch mine in West Virginia, US, that claimed 29 lives in...
Collahuasi Copper Mine Workers to Resume Wage Talks
The workers union at Anglo American and Xstrata's Collahuasi copper mine in Chile has said that workers will continue wage negotiations, following the rejection of an offer on 27 October. ...
Mining to Contribute Half of Congo's GDP
The mining sector is expected to make up half of the Democratic Republic of the Congo's gross domestic product (GDP) over the next five years, according to officials. Mines Minister...
Newcrest Gold Output Rises 79%
Newcrest Mining has said that its gold production for the quarter ending 30 September was 674,219oz, a 79% rise from 377,084oz a year ago. The increase in production has been boosted by...
Alcoa Starts Construction of Saudi Aluminum Complex
Alcoa has begun the construction of a $10.8bn integrated smelter and rolling mill complex in Saudi Arabia. The project, owned by a joint-venture between Saudi Arabian miner Maaden and...
Japan and Vietnam to Jointly Develop Rare Earth Mines
Japan and Vietnam are set to sign an agreement to jointly develop rare earth mines in Vietnam. The agreement comes after China stopped shipments of rare earth minerals to Japan following...
Gold Field Workers Plan Strike at South African Mine
Gold Fields has said that workers at its South Deep mine in South Africa are planning to strike, following a dispute over employee-management relations. In a statement, Gold Fields said...
Grupo Mexico Resumes Operations at La Caridad Smelter
Grupo Mexico has said its copper smelter at La Caridad mine has resumed normal operations after a labour disruption halted output. A spokesman for the company said the force majeure declared...
Equinox to Acquire Citadel Resource for $1.23bn
Zambia's Equinox Minerals is to acquire Citadel Resource Group for $1.23bn. The deal will give Equinox control of Citadel's flagship Jabal Sayid copper-gold development project in western...
Congo Extends Mining Ban
The Democratic Republic of the Congo has extended a mining ban in three provinces that are rich in tin, gold, tungsten and coltan. Mining operations were banned in the North Kivu, South Kivu...
Impala Platinum Worker Dies in South African Mine
Impala Platinum has announced that a worker has died at its number 11 shaft in Rustenburg, taking the death toll in South African mines to three in less than two days. The employee is...
India Rejects Vedanta's $8.5bn Alumina Expansion Plans
India has rejected Vedanta Resources' $8.5bn plan to expand its alumina refinery in eastern India. The six-fold expansion was expected to boost output by up to six million tons per year. ...
Colombian Officials Shut 18 Illegal Gold Mines
The Columbian Government has shut down 18 illegal gold mines as part of an effort to regulate the industry and mitigate environmental hazards to workers. The mines that received closure...
Harmony and Newcrest to Proceed with Wafi-Golpu Mine Study
Harmony Gold has said that its joint venture with Newcrest Mining will proceed with a $150m pre-feasibility study at the Wafi-Golpu copper-gold project in Papua New Guinea. The...
Australian Copper Miner Fined for Creek Contamination
Australian copper mining company Great Australian Operations in Cloncurry, Queensland, has been fined $135,000 for causing damage to a creek. Brisbane Magistrates Court ordered the fine...
Deals This Week: Kingsgate Consolidated, Eurasian Natural, Sterling Group and More
Kingsgate Consolidated is set to acquire Dominion Mining for $334m. Dominion owns the Challenger gold mine in South Australia and gold and base metals projects in Western Australia. ...
Adani to Invest $6.9bn in Queensland Mine
Adani Enterprises is to invest $6.9bn to develop coal, rail and port projects in its Galilee Basin coal mine in Queensland, Australia. The company expects its first coal output by the end...
Debswana to Extend Jwaneng Mine Life
Debswana Diamond will invest $3.7bn to extend the life of its Jwaneng mine in Botswana. The funds will add seven years to mine life and secure another 102 million carats of diamond...
Kentucky Governor Supports Coal Body in Law Suit
Kentucky Governor Steve Beshear has directed the US Energy and Environment Cabinet to support the Kentucky Coal Association (KCA) in a law suit filed against the Environmental Protection...
Asia is Engine for Future Mining Growth: Vale
Brazilian mining company Vale has said that the majority of its revenue (80%) is expected to come from Asia over the next five years. Speaking at a press conference in London, Vale CEO...
Xstrata to Initiate Lion Ferrochrome Smelter Expansion
Xstrata will initiate the second phase of its Lion ferrochrome complex expansion in South Africa, which includes the building and commissioning of a 360,000t per annum capacity smelter. ...
Massey Energy to Idle Production for Miner Training
US-based Massey Energy will idle production at its 92 underground coal producing sections on 29 October to provide safety training to its miners. The training will also include reviews of...
Rio Tinto to Invest $3.1bn in Expansion Plans
Global miner Rio Tinto will invest $3.1bn in expanding its iron-ore infrastructure in Western Australia. The venture will hike the company's capacity to 283 million tons a year, a 28% increase...
Chinese Firms to Explore Australian Coal Reserves
Two Chinese coal firms have signed an agreement to jointly explore and develop coal resources in Queensland, Australia. A five-year agreement has been signed between China Coal Geology...
Ramelius Records Gold Production Hike
Ramelius Resources has recorded a 4.6% increase in gold ore production from its Western Australia operations in the first quarter of 2010-11, compared with the last fiscal quarter. The...
Hochschild Increases San Jose Mine Life by 50%
Hochschild Mining has extended the resource lifespan of the San Jose mine in Chile by almost 50%. The company said a nine-month-long drilling campaign has extended the mine's lifespan from...
Rescuers Continue Search for Trapped Miners in Ecuador
Rescue workers are continuing search operations for two miners trapped underground by a cave-in that killed two workers in southern Ecuador. Search crews have been trying to clear debris to...
Harmony Gold to Shut Down SA Mine Shaft
Harmony Gold will close the Merriespruit 1 shaft in Virginia, South Africa, at the end of the month because it is no longer profitable. Earlier this year, the company worked out...
Rio, BHP End Pilbara JV Plans
Rio Tinto has ended plans with BHP Billiton for an iron ore production joint venture in Pilbara in Western Australia. The companies have been informed by regulators from Europe, Australia,...
Wings International Signs Deal with Glencore for US Mine
Wings International has signed an agreement with Glencore International for the joint development of its Pea Ridge iron and rare earth mine in Missouri, US. The Pea Ridge deposit has more than...
Zijin Mining Subsidiaries Sued for Pollution Spill
Two subsidiaries of China-based Zijin Mining have been sued for property damage following a toxic spill at a tin mine after heavy rain triggered the collapse of a tailings dam last month. ...
Gas Burst in China Kills 37
A gas blast in a pit owned by Pingyu Coal and Electric in the central province of Henan, China, has left 37 people dead. A total of 276 miners were at work below ground when the accident...
Xstrata Falcondo Ferronickel Facility to Restart Operations Next Year
Xstrata Nickel's Falcondo ferronickel complex will restart its operations to a proposed 50% installed capacity by March next year. The nickel mining and processing operations at the facility...
First Quantum to Acquire Antares
First Quantum will acquire Antares for C$460m (US$450m). Antares owns the Haquira large-scale copper and gold project, located in Peru, which has an indicated resource of 3.2 million tons...
Rio Tinto Ramps Up Iron Ore Production
Rio Tinto has reported record iron ore production in the quarter ended in September. The company's iron ore production increased from 43.61 million tons in the quarter ending June to 47.60...
Chile Senate Approves Increase of Mining Royalty
Chile's Senate has approved a revised bill to increase royalties of mining companies to help fund post-earthquake reconstruction. The bill, which initially sets the royalty at 4-9% and...
Massey Fined for Ruby Mine Fatality
Massey Energy has been fined by US federal regulators for a violation that led to the death of a West Virginia miner in May this year at the Ruby Energy underground mine in Mingo County,...
UK Open-Cast Mine Decision Faces Delays
The UK's Leicestershire County Council has extended the final decision on UK Coal's proposed open-cast mine near Measham until later this year. UK Coal has proposed to dig 1.5 million tons of...
Sona Forms JV with First Nation
Sona Resources has signed an agreement to form a joint-venture with the Stswecem'c Xgat'tem Development Limited Partnership (SXDLP) for mine development in British Columbia, Canada. SXDLP is...
Deals This Week: Indophil, South American, Steele Resources & More
Indophil has agreed to make a US$40m share placement at A$86 per share to Philippines-based San Miguel Corporation. Indophil has entered into a binding exclusivity period with San Miguel until...
Mincor Resources Seeks Nickel Projects to Increase Output
Mincor Resources is looking to acquire nickel projects as it seeks to increase production. The company said it is looking to acquire projects at any stage of development because the market...
Breakwater Resources Reaches Deal with Striking Miners
Breakwater Resources said unionised workers at its Toqui mine in southern Chile have accepted a new contract ending a week-long strike. The new contract has been renewed for a period of...
All 33 Miners Rescued
The last of the 33 trapped Chilean miners has been rescued after 70 days of being underground. Luis Urzua, the shift foreman, is the first person to be trapped so long underground and...
Teck’s Copper Production to Reach 400,000t
Teck Resources said its copper production will increase to more than 400,000t in 2012. Company vice-president of corporate development Ron Vance said production could more than double in five...
Gold Fields Suspends Output After Miner’s Death
Gold Fields has suspended production at the No 3 shaft of its Beatrix mine in South Africa following a fatality. The worker was killed after a ground fall. Gold Fields spokesperson...
Production Up at Gammon’s Ocampo Mine
Canada's Gammon Gold said third-quarter production at its Ocampo mine, Mexico, has increased 10% sequentially. During the third quarter, the Ocampo mine produced 27,018 gold ounces and...
Northam Platinum Increases Pay Offer to End Strike
South Africa's Northam Platinum has raised its pay offer to encourage workers to end the Zondereinde mine strike, estimated to be costing $1.28m in revenue losses a day. The country's...
Alpha Shuts WV Mine After Fatality
US-based Alpha Natural Resources has announced that a worker has died following a rock fall at its Kingston Mining No 1 coal mine in Fayette County, West Virginia. The section of the mine...
Chile Trapped Miners Rescued After Two Months
The first miners trapped 700m underground in Chile for over two months have been finally hoisted safely to surface in a 28in-wide narrow capsule. There are 28 miners and one rescuer...
SA’s Anooraq Resources to Double Output
Anooraq Resources plans to double the output of platinum group metals (PGMs) at a South African mine within the next three years. Anooraq Resources CEO Philip Kotze said the company aims...
Miners at Centerra Mine End Strike
Centerra Gold said workers have ended their ten-day long strike at its Kumtor gold mine in Kyrgyzstan. The company said a new collective agreement has been ratified by the union. Workers...
MSHA Issues Closure Orders to Massey Mine
The US Mine Safety and Health Administration said it has issued 11 closure orders to Elk Run Coal's Seng Creek Powellton mine, owned by Massey Energy. The closure order follows a surprise...
Jindal Starts $2.1bn Bolivian Mine
India's Jindal Steel and Power has started work on its $2.1bn iron ore mine and steel project in eastern Bolivia following long delays. The company began construction in a ceremony at the...
First Quantum to Boost Security at Zambian Mine
First Quantum Minerals will install a security surveillance system to protect sensitive areas at the Kanshansi copper mine, in north-western Zambia. The company has appointed C3 Shared Services...
South Australia to Tighten Mining Laws
South Australia is increasing the penalties for mining breaches. Mineral Resources Minister Paul Holloway said penalties have been increased for companies that break the law, following...
Chile Mine Rescuers Reinforce Shaft for Evacuation
Rescue workers in Chile's San Jose mine have reinforced an escape shaft to hoist 33 miners trapped underground for over two months. The rescuers have successfully drilling a 625m shaft that...
Zijin Mining Fined for Toxic Leaks
China's Zijin Mining has been fined $1.43m for wastewater leaks this summer. The fine follows an on-site investigation that found there had been two leakages of acidic copper solution in...
Hochschild Mining Makes High-Grade Discovery at San Jose
Hochschild Mining has made a high-grade gold and silver discovery at its San Jose project in southern Argentina. The company said it has discovered nine high-grade gold/silver veins as well...
Vedanta Cuts Investment and Aluminium Expansion Plan
Vedanta Resources has cut its investment plan by $2bn and deferred its planned aluminium expansion after the company was denied a licence by the Indian Government to mine bauxite in...
Deals This Week: Gammon Gold, Perilya, Village Main And More
Gammon Gold has said it will acquire rival company Capital Gold in a friendly $288m cash and share deal. Capital owns the El Chanate gold mine in Sonora Mexico as well as the Orion...
John Holland Wins Australian Mining Services Deal
Services company John Holland has won a $348m contract to provide mining services for the Plains pit of the Jellinbah coal mine in central Queensland, Australia. The four-year contract...
Vale Plans $20bn of Expansions
Vale has announced that it is planning to invest $20bn in mine developments and expansions in 2011. The company's major investment projects include the Serra Sul mine, linked to the...
Illegal Mining Waste Causes Hundreds of Child Deaths in Nigeria
Lead poisoning from illegal gold mining in the Nigerian state of Zamfara has killed at least 400 children in the past six months, it has been revealed. The deaths have been attributed...
Mitsui and Smelting on Track to Reach Zinc Targets
Japan's Mitsui and Smelting plans to increase its second-half zinc production by over 6,000t, the company has said. Meeting the target of producing 112,900t of zinc between October and March...
De Beers to Boost Output by 50%
Diamond mining specialist De Beers said it hopes to increase production in South Africa by 50% this year as global demand recovers. The company expects to boost diamond output in South Africa...
Chile Trapped Miners Could be Rescued by Weekend
Chilean rescue workers are drilling into the last 100m of rock to reach miners trapped a half-mile underground and may begin pulling them out by the end of the weekend, it has been revealed. ...
Harmony Gold Halts SA Mine Operations After Fatality
Haromony Gold has suspended operations at its Tshepong mine in South Africa following the death of a miner. The company said it is cooperating with the Department of Mineral Resources in...
Consol Closes Mine, Idles Another
US-based Consol Energy will close its Mine 84 near Washington and idle its Emery mine near Price, Utah, due to higher mining costs. Consol said costs of mining coal at the operations are...
Guinea Sets Deadline for Surrender of Rio Project
Rio Tinto has been given until February 2011 to formally surrender its rights to its Guinea iron ore project, the country's mines minister said. Mines Minister Mahmoud Thiam said the...
Sable to Acquire Interest in Gulukwane Project
Sable Mining said its subsidiary African Iron Ore Investment has signed an agreement to access the Gulukwane iron ore project in South Africa. The company will acquire a 61% interest in...
Strike at Gammon’s El Cubo Mine Declared Illegal
Canada's Gammon Gold said the labour strike at its El Cubo mine has been declared illegal by the Federal Labor Board. In June the company suspended operations due to a labour...
Kumba Reaches Wage Deal with Union
South Africa's Kumba Iron Ore said its workers have agreed to its revised pay offer and will call off a strike at its mine. The workers, belonging to the National Union of Mineworkers, have...
First Quantum Files Arbitration Case for Congo Mine
First Quantum Minerals has launched an international arbitration case against the Democratic Republic of Congo for the withdrawal of a licence for its Frontier mine. A case filed at...
Centerra Workers Start Strike at Kyrgyz Gold Mine
Centerra Gold said workers at its Kumtor mine in the Kyrgyz Republic are on strike over pay and production has been suspended. The company said the strike is illegal because there is a...
Sterlite to Reopen Indian Smelter
Sterlite Industries, a subsidiary of Vedanta Resources, has been given the go-ahead to reopen its copper smelter in southern India after a court ordered the company to close it last week. ...
Mongolia to Increase Rare-Earth Exports to Japan
Japan, the world's biggest importer of rare earths, plans to buy more of the minerals from Mongolia to reduce dependence on China, according to local newspaper reports. The country gets 90%...
Beijing Gas Leak Kills Six, Injures 12
Six people have been killed and 12 others injured following a gas leak at a coal mine in south-west China. At the time of the accident, 35 people were working at the Xinglong coal mine...
SNC-Lavalin Wins Renard Project Deal
Stornoway Diamond has awarded a contract to SNC-Lavalin for the preparation of a feasibility study of the Renard Diamond project in Quebec, Canada. The contract will cover principal mine...
Trapped Chile Miners Could be Rescued Soon
The 33 Chilean miners trapped underground for the last two months could be rescued in the second half of this month, Chile's Mining Minister Laurence Golborne has announced. The miners have...
Sterlite Ordered to Close Indian Smelter
A subsidiary of Vedanta Resources has been ordered by an Indian court to shut its copper smelter in southern India due to environmental concerns. The Madras High Court in the southern state...
Deals This Week: Impala Platinum, Gold Hawk, De Beers And More
Impala Platinum is looking to acquire Royal Bafokeng Platinum to gain access to the Bafokeng Rasimone mine, in which Royal holds a 67% stake. Gold Hawk Resources has closed its acquisition...
Argentina Seeks to Curb Mining to Protect Glaciers
Argentina's Senate has passed a bill to curb mining near the nation's glaciers to protect water supplies. The bill prohibits mining near glaciers along Argentina's 5,000km border with Chile. ...
Teck Resources Agrees Deal with Striking Miners
Teck Resources said workers at its Coal Mountain mine in British Columbia, Canada, have agreed to a five-year contract and production will resume immediately. The mine has been shut since...
September 2010
Top
Adani to Invest $4bn in Queensland Mine
Adani Enterprises has revealed that it will invest $4bn to develop mining infrastructure and logistics at its recently acquired mine in the Galilee Basin of Queensland, Australia. The...
Missing Harmony Gold Miners Found Dead
Harmony Gold Mining Company has said it has found the bodies of two miners who went missing following a tremor affecting its Bambanani Mine, South Africa, earlier this week. The rescue...
Claude Resources Fined for Water Pollution
Canada's Claude Resources has been fined for leaking a potentially lethal substance into a waterway in Saskatchewan. The company has pleaded guilty to three offences under Canada's Metal...
Baja Secures $858m for Mexican Project
Baja Mining has secured $858m to finance the development of its Boleo project in Baja California Sur, Mexico. The Boleo project has 265 million tons of measured and indicated resources...
Harmony Suspends Bambanani Mine Following Tremor
Operations at Harmony Gold-owned Bambanani mine in South Africa remained suspended after two employees became trapped underground following an earth tremor. Harmony said a tremor hit the mine...
India Ready for Coal Import Boom, says Adani
India's Adani said the country will have the required infrastructure to handle a surge in coal imports due to rising domestic coal demand from power, steel and cement industries. Import of coal...
Rio Tinto Could Lose Guinea Mining Licence
Rio Tinto may lose its mining licence for the Simandou iron ore project in Guinea if it fails to hand-over documentation for the project, according to Mines and Geology Minister Mahmoud...
Pacific North West Launches BC Exploration Programme
Pacific North West Capital has launched its 2010 exploration programme for the Rock and Roll gold-silver-polymetallic project, located in Northern British Columbia, Canada. The...
Solidarity Reaches Wage Deal with Northam Platinum
South Africa's Solidarity union said it has signed a wage agreement to end its strike at a mine owned by Northam Platinum. The union has agreed to an 8.5% increase in wages and another...
Peabody to Expand US Gateway Mine
Peabody Energy has approved the expansion of the Gateway mine in Southern Illinois, US. The project will advance underground operations north of the existing site and will increase annual...
Xstrata Ends Two-Year Long Dispute with NSW Mine Workers
A two-year-long dispute between Xstrata and striking workers at its New South Wales Southern Highlands operation has come to an end after the workers struck a deal on a new enterprise...
Northland Resources Moves Forward with Kaunisvaara Project
Northland Resources has concluded a positive definitive feasibility study of its Kaunisvaara project in northern Sweden. Mining operations are expected to start in the fourth quarter of 2012. ...
Afghanistan Opens Tender for Giant Iron Ore Mine
The Government of Afghanistan has invited bids from international mining firms to develop the Hajigak iron ore deposit, one of the richest mines in the world. The mine is believed to hold up...
Zijin Suspends Tin Mine Following Deaths
Zijin Mining has halted production at its Yinyan tin mine in southern Guangdong province, China, after a break in the mine's residue pool flooded nearby villages, killing four people. Last...
Rio Tinto to Raise Iron Ore Capacity to 230Mt/a
Rio Tinto has invested $230m to expand its Parker Point facility at Dampier Port in Pilbara, Australia, the company has announced. Once complete, the expansion work will enable Rio to load...
Massey Reopens WV Revolution Mine
Massey Energy has resumed operations at its Revolution mine in Uneeda, West Virginia, US. The mine had been idle since 4 June 2010 while the government considered approving the implementation of...
Congo to Uphold Mining Ban
The Democratic Republic of Congo will continue a mining ban in three provinces in a bid to curb the income of rebels from minerals. Mines Minister Martin Kabwelulu said a mining suspension...
Moly Mines to Hit Shipment Target
Moly Mines is on track to reach its first shipment target in early December, the company has announced. Around 70,000t of ore from Atlas Iron has been shipped from its Utah Point berth and...
Deals This Week: Baffinland, Strongbow Exploration, Bullion Monarch And More
Baffinland Iron Mines said it has received a hostile takeover bid of C$274m (US$265m) from a private investment firm Energy & Minerals Group. The acquisition, if successful, would...
Iron Mining Buys 70% Stake in La Serena Reserve
Chile Inversiones de Minerales (CIM), a subsidiary of Iron Mining Group (IMG), has acquired 70% of the La Serena Reserve property, believed to contain iron ore worth more than $11.2bn in...
Cassiterite Mine Collapse Kills Six in Burundi
A cassiterite mine has collapsed in Burundi leaving at least six miners dead and three others injured. The authorities in Kayanza province said the miners were digging illegally for...
Bunder Project is Biggest Deposit in a Decade
Rio Tinto said its Bunder project in India is the world's biggest diamond discovery in a decade. Rio Tinto head of exploration Eric Finlayson said there have been few diamond discoveries in...
Baffinland Iron Mines Receives Hostile Takeover Bid
Canada's Baffinland Iron Mines said it has received a hostile bid of C$274m (US$265m) from Energy & Minerals Group. The offer of C$0.77 a share is at a premium of about 43% to the closing...
Miners Reject Northam Platinum Wage Offer
Zondereinde mine in South Africa remains shut for a 17th day after Northam Platinum failed to reach a deal over wages with the workers' union. The demands of the workers include a 15% basic...
BHP says Potash Lawsuit “Without Merit”
BHP says Potash Cor'’s lawsuit against its hostile takeover bid is "without merit", according to the miner. The lawsuit alleges BHP misrepresented and failed to inform investors of...
Miranda Gold Forms JV for Nevada Project
Miranda Gold will form a joint-venture with Ramelius Resources for its Angel Wing project in Nevada, US. Under the terms of agreement, Ramelius will initially fund $4m over a five-year...
AngloGold Suspends SA Mine Operations Following Fatality
AngloGold Ashanti has suspended operations at its Kopanang mine in South Africa after a miner died at the site. The company said a mine worker sustained injuries during a ground fall accident...
Vale Buys Stake in Logistics firm for Moatize Project
Vale has bought a 51% stake in Mozambique logistics firm SDCN to transport coal during the second phase of its Moatize coal project. SDCN is a majority shareholder of the CDN and CEAR...
Zijin Mining Suspends Yinyan Mine Operations
Zijin Mining has suspended operations at its Yinyan tin mine in Guangdong province, China, after the tailings dam collapsed due to mud and rock slides triggered by typhoon Fanapi. ...
Mining Companies to Share Profits with Indigenous Indians
An Indian ministerial panel has approved a mining bill that will see mining companies share 26% of their profits with the local population of communities affected by mining projects. The...
Indonesian Coal Demand up in 2010
The Indonesia Coal Mining Association forecasts its coal production this year to rise by about 310 million tons, up from the last month's forecast of 300 million tons. Coal prices are likely...
Hindustan Copper Plans to Sell Waste Rock
Indian miner Hindustan Copper is planning to sell excavated waste rock worth INR60bn ($1.3bn) for use in infrastructure projects. The company is looking for buyers for the 200 million metric...
Crowfight to Miss September Output Target
Canada's Crowfight Minerals will not meet its September production target at its Bucko Lake nickel mine after the mill's production was suspended. The company, which mined 21,400t in August...
Orsu Metals Starts Feasibility Study of Kazakh Mine
Orsu Metals Corp has launched a feasibility study for its Karchiga volcanogenic sulphide copper project in north-eastern Kazakhstan. The feasibility study, expected to cost $4.2m and to...
Mandalay Resources Launches Operations at Chilean Mine
Canada's Mandalay Resources Corp has started operations at its Cerro Bayo silver-gold mine in Chile. The mine, acquired by Mandalay in August, is expected to produce 12,000oz of gold and...
Gammon Gold Lowers Cost Guidance for 2010
Gammon Gold has lowered its cost guidance for 2010 on strong output from its Ocampo mine in northern Mexico. The company expects cash costs for 2010 to remain at $410-$435 per ...
Sinochem Seeks Government Support for Potash Bid
China's Sinochem Group has asked for government support to bid for Canada's Potash Corp. A preliminary assessment shows Sinochem would require $40bn-60bn to beat a $39bn hostile offer by...
Rio Tinto to Invest $803m on Argyle Mine Expansion
Rio Tinto will invest $803m in order to increase production at its Argyle diamond mine in Western Australia (WA). The investment will cover project development and construction of...
Paladin Seeks Uranium Assets in Kazakhstan, Canada
Paladin Energy is looking for assets in Kazakhstan and Canada to boost its uranium output as it seeks to meet increasing overseas demand for nuclear fuel, especially from China. The company...
AcelorMittal to Invest $4bn on Iron Ore Expansion
ArcelorMittal is planning to invest $4bn to increase iron-ore production to 100 million metric tons by 2015. The world's largest steelmaker is looking to develop coal assets through joint...
Deals This Week: Rio Tinto, Korea Resources, New World Gold And More
Rio Tinto has increased its stake in Ivanhoe Mines by 5.3% to 34.9%. The company bought 40.1 million Ivanhoe shares at $10 each by exercising a $350m convertible credit facility issued to...
Korea Resources May Spend 83% More on Overseas Mines
Korea Resources may increase its investment in overseas mines by 83% in 2010 to secure South Korea's uranium, copper and coal supplies. The company has raised $550m to invest in new and...
African Aura Obtains Government Agreement for $2.5bn Putu Project
African Aura Mining has been granted a mineral development agreement by the Government of Liberia for the Putu iron ore project. The total investment in the project is expected to reach...
First Quantum Launches Legal Action Over Kolwezi Project
First Quantum Minerals has launched legal action against subsidiaries of Eurasian Natural Resources in relation to the expropriation of its legal title of the Kolwezi project in the...
Codelco’s Mine Workers Reject Wage Proposal
Workers at Chile's Codelco-owned Radomiro Tomic mine have rejected an early wage proposal. Union leader Erwin Mascayano said the proposal, which included bonuses and loans totalling $31,000...
Labrador Signs Benefits Agreement with Naskapi Nation
Anglesey Mining said its subsidiary, Labrador Iron Mines, has entered into an agreement with the Naskapi Nation of Kawawachikamach for the development and operation of its Schefferville iron...
KBR Awarded $1.28b Hope Downs Mine Deal
KBR has been awarded a $1.285bn contract to provide engineering, procurement management and construction management for the Hope Downs 4 iron ore mine in Western Australia. Under the contract,...
Mitsui Teams Up with Shenhua Group to Expand Coal Operations
Mitsui & Co has teamed up with Shenhua Group Corp to expand coal operations in China, Japan and beyond. The companies will jointly develop the supply of overseas coal to China, coal mine...
Anglo American Awards Leighton Australia Mine Deal
Anglo American Metallurgical Coal has awarded a two-year contract to Leighton Contractors for mining and operations at its Dawson mine in Queensland, Australia. Under the $159m contract,...
Rio Tinto Boosts Stake in Ivanhoe Mines
Rio Tinto has increased its stake in Ivanhoe Mines by 5.3% to 34.9%. The company has bought 40.1 million Ivanhoe shares at $10 each by exercising a $350m convertible credit facility issued...
Continental Metallurgical to Work on Mesa Potash
Mesa Uranium has awarded a contract to Continental Metallurgical Services (CMS) for its Pine Valley potash project in Utah, US. Under the contract, CMS will review metallurgical and...
South Africa Could Revoke Mine Licences to Enforce Charter
South Africa will revoke the mining licences of companies that fail to increase control by black people in line with local regulations, said Sandile Nogxina, director general of the Department...
Chile Rescue Mine Operations Face Setback
Rescue efforts to save 33 trapped miners face a setback after a drill struck an iron support beam for a mine shaft at about 300m, destroying the drill bit. Mining minister Laurence Golborne...
Resources at Hochschild’s Peruvian Project Triple
Hochschild Mining said the resources at its Inmaculada project in Peru have more than tripled and is expected to produce 11 million silver equivalent ounces a year. The company's partner in...
Antamina Expansion to Boost Copper Output by 40%
Peru's Antamina said its copper production will rise by 40% after a $1.2bn expansion is completed. Antamina president Ian Kilgou said the company's copper output will grow 30-40%...
Grupo Mexico Declares Force Majeure at La Caridad Smelter
Grupo Mexico declared force majeure at its La Caridad copper smelter in northern Mexico after a labour dispute with the National Miners Union. In a statement, Grupo Mexico's subsidiary,...
Mexico Cananea Copper Mine Workers Clash with Company
Several people have been injured during recent fighting between mine workers and union members at the Cananea copper mine in Sonora, Mexico, according to local media reports. El...
Jabiru Metals Increases Jaguar Mine Life
Base metals miner Jabiru Metals said it had increased the life of its Jaguar project in Western Australia by three years after upgrading its mineral reserves. The total reserve at the Jaguar...
Deals This Week: Goldcorp, China Gold, Stillwater Mining and More
Goldcorp is to acquire Andean Resources for $3.4bn, beating a rival offer from Canadian miner Eldorado Gold Corp. Yanzhou Coal Mining Company has said it will acquire a 51% stake in Haosheng...
Trevali Signs Deal with Glencore for Peruvian Project
Trevali Resources has signed an agreement with Glencore for the development and operation of the Santander zinc-lead-silver mine project in Peru. Under the contract, Glencore will...
ArcelorMittal, Indiabulls to Establish Indian Mining JV
ArcelorMittal and Indiabulls will form a coal and iron ore mining joint venture aimed at owning captive mines in India. The world's largest steelmaker, ArcelorMittal, has proposed a series...
Zijin Decides Against Platmin Acquisition
Chinese gold miner Zijin Mining Group has terminated its plans to acquire Congolese copper miner Platmin Congo. An agreement was entered by Zijin, it's wholly-owned subsidiary Golden...
Ivanhoe Eyes Production from Oyu Tolgoi in 2012
Ivanhoe Mines' full-scale construction of its Oyu Tolgoi copper-gold complex is on schedule with first ore expected to be processed during the fourth quarter of 2012. The complex, which is...
China to Boost Russian Coal Imports
China is planning to increase coal imports from Russia while lending a $6bn loan to the country as part of an agreement signed at the end of August. China will receive about 15 million...
Metorex Predicts Strong Demand and High Copper Prices
South Africa's Metorex predicts a strong demand and higher prices for copper due to robust demand from India and China. Demand for copper has rebounded and boosted prices, encouraging producers...
Gem Finds Rare Diamond at Letseng Mine
Gem Diamonds said "an exceptional" 196 carat rough white diamond has been recovered from the Letseng mine in Lesotho. The company said the rough diamond is expected to achieve a substantial...
Miners End Strike at Rio-BHP JV
Richards Bay Minerals, a joint-venture between Rio Tinto and BHP Billiton, has resumed full production after workers ended a week-long pay strike. Richards Bay Minerals spokesperson...
Zimbabwe Cancels Marange Diamond Mining Licence
Zimbabwe's high court has cancelled British-owned African Consolidated Resources' licence in the eastern Marange diamond fields. The court has rescinded a judgment that confirmed the validity...
AngloGold to Boost South African Mine Output
AngloGold Ashanti is planning to expand some of its gold and uranium mines in South Africa to boost production. The company will maintain a minimum gold output of 1.75 million ounces a year...
First Quantum Loses Mine Rights to Fortune
Mining rights for two mines previously operated by First Quantum Minerals have been awarded to Hong Kong-based company Fortune, according to the Congolese Government. Fortune is a joint...
Workers Strike at SA Northam Mine
Members of South Africa's National Union of Mineworkers have started a strike at the Zondereinde mine owned by Northam Platinum. Northam said 80% of its employees have been on strike...
Chilean Mine Rescue Efforts Progress as Costs Soar
The rescue operation to free the 33 copper miners trapped in a mine in northern Chile is advancing well while costs of rescue efforts soar, according to Chilean Mining Minister Laurence...
Rio Tinto Predicts Iron Ore Price Fall
Rio Tinto said iron ore prices will fall 13.3% in the fourth quarter, the first decline in three quarters as Chinese demand weakens. Chief executive Sam Walsh said prices will fall to $127 per...
Goldcorp to Acquire Andean Resources
Goldcorp will acquire Andean Resources for $3.4bn, beating a rival offer from Canadian miner Eldorado Gold Corp. The company said its cash and share offer of C$6.50 (US$6.26) has been...
Russia's Mechel OAO Suspends Production
Russia's Mechel OAO has suspended work at its New-Olzherasskaya underground mine due to coal self-heating. Mechel said coal self-heating occurred at the production area of long wall face No...
China Metallurgical to Develop WA Iron Ore Mine
China Metallurgical Group Corp plans to develop an iron ore mine in Western Australia. Construction of the Cape Lambert iron ore mine will start by mid-2012 and operations will begin by...
Maaden Awards Contracts for Aluminium Complex
Saudi Arabian state-run mining company Maaden has awarded contracts totalling $274.7m for a mega aluminium complex in the country. The contracts have been awarded to Germany's SMS Siemag and...
CAP Approves $916m Iron Ore Projects
Chilean steel and iron ore producer CAP has approved $916.5m to develop and expand two iron ore projects. The company will invest $574.5m to develop its Cerro Negro Norte project and $342m...
Mali to Introduce New Mining Code in October
Mali is set to introduce a mining code in October to boost production and encourage investment in its minerals industry. Mines Minister Abou Bakar Traore said the mining code assures...
Excellon Resumes Platosa Mine Production
Excellon Resources has resumed limited production at its Platosa mine in Mexico after encountering a water inflow during mine development on 18 August. Last week Excellon said it...
Anaconda Mining, New Island Form Friendly Deal
Anaconda Mining said it has forged a "friendly" deal with gold explorer New Island Resources to acquire its interest in Pine Cove mine. Under the agreement, New Island will continue as a...
African Minerals Obtains Approval for Sierra Leone Project
African Minerals has received government and parliamentary approval for a mining lease for the Tonkolili project in Sierra Leone, West Africa. The company has been granted two large-scale...
India’s Nalco Seeks to Buy Indonesian Coal Mine
India's National Aluminum Co (Nalco) is looking to acquire a coal mine in Indonesia to secure fuel supplies for its planned power plant in East Kalimantan province. In a statement, Nalco said...
Chile Bill May Increase Mining Royalty on High Copper Prices
Chile may increase its mining royalty from 4-9% from 2018 through a new bill to reap the benefits of higher copper prices in a bid to raise $1bn to help fund construction after the country...
Rio Tinto Approves $1.6bn for Pilbara Iron Ore Project
Rio Tinto has approved a $1.6bn investment for the development of the Hope Downs 4 iron ore project in Western Australia. The open-cut mine, located in south-eastern Pilbara, will have an...
First Quantum Suspends Operations at Congo Mine
First Quantum Minerals has suspended operations at its Frontier mine in the Democratic Republic of Congo after a government agency withdrew its exploitation permit. State-owned mining...
Petropavlovsk Cuts 2010 Output Target
Russia's Petropavlovsk has reduced its gold production target for 2010 by less than expected after it posted a 26% fall in gold production for the first half of the year. The miner has cut...
ARM, Vale Begin Construction of Zambia Copper Mine
African Rainbow Minerals has started construction of the Konkola North copper mine, which is being developed with Vale. The $380m mine will reach full production in 2015 and will yield 45,000t...
August 2010
Top
Chilean Family Members File Lawsuit Against Mine Owner and Inspectors
The family of a miner trapped underground along with 32 others in Chile's San Jose mine has lodged a lawsuit accusing the mine's owners and government inspectors of criminal negligence. ...
Codelco Signs Exploration Deal with Antofagasta
Chile's Codelco has signed a four-year joint exploration deal with Antofagasta Minerals. Codelco, the world's top copper producer, said Antofagasta will invest $2.5m to explore the...
Shanta Gold Wins Permit for Tanzanian Project
Shanta Gold has been awarded an environmental permit to develop the Chuniya gold project in Tanzania. The final approval of the mining licence application will be processed after the...
Jiangxi Copper to Raise $1bn to Fund Mines
Jiangxi Copper plans to raise $1bn to fund projects in Peru and Afghanistan. The funds will be used to expand production at the Dexing mine in Jiangxi, the Aynak copper mine in Afghanistan and...
Explosives Found in Massey Mine
Massey Energy has received a citation for improperly stored explosives at the Upper Big Branch mine in West Virginia, US, where 29 men were killed in an explosion in April. Massey said the US...
MCC to Build South African Mine
Metallurgical Corporation of China (MCC) will build an iron-titanium mine in South Africa as a part of three mining contracts signed between the countries. The mine, to be located in...
Zijin Copper Mine Likely to Stay Shut Until End of Year
Zijin Mining is unlikely to resume production at its copper mine this year following a leak at the site in the summer, it has been revealed. Rebuilding of the mine's wastewater treatment tank...
Deals This Week: Korea Resources, Golden Phoenix, Innocent and More
Eurasian Natural Resources has acquired a large suite of assets in the Democratic Republic of Congo that includes a majority stake in the Kolwezi copper project. The total value of...
Bezant Commissions Philippine Mine Study
Bezant Resources has awarded a contract for a conceptual mining study of its Mankayan copper gold project in the Philippines. Bezant said TWP Australia will focus on the infrastructure and...
Canada to Share Mining Revenues with Aboriginals
The Canadian province of British Columbia has signed an agreement to share mining tax revenue with aboriginal groups in the Kamloops area. Minister of State for Mining Randy Hawes said...
Chilean Miners Could be Trapped Until Christmas
The 33 Chilean miners who have been trapped underground for three weeks have been told that they may not be rescued until the end of the year, it has been revealed. Health Minister...
Xstrata Acquires Sphere Minerals
Xstrata will acquire Sphere Minerals, which holds magnetite iron ore deposits in Mauritania, for $381m. The company's offer represents a 61% premium over the closing price of A$1.55 a share on...
Mine Cave-In Kills Six in Venezuela
A collapsed tunnel at a wildcat pit in southern Venezuela has killed at least six people and injured another two. The accident occurred on 23 August when the men were using jackhammers to dig...
Northland Resources Wins Permit for Swedish Mine
Northland Resources has received an environmental permit from the Finnish-Swedish Border River Commission for the Tapuli mine and the Kaunisvaara mill, located in Sweden. The permit allows for...
BHP Unveils Profit
BHP Billiton has revealed its best half-year profit in two years as it moves ahead with its hostile takeover bid of Potash Corp. BHP said it was cautious of the short-term global outlook...
Singapore's Nava Bharat to Invest $108m in Zambian Mine
Singapore's Nava Bharat will invest $108m to modernise Zambia's Maamba coal mine. Nava Bharat CEO, Zambian operations, Kalunga Mumba said the money will be invested in a coal processing plant...
Second Bore Hole Reaches 33 Trapped in Chile Mine
Rescuers are lowering capsules containing rehydration tablets, glucose and oxygen down a hole to 33 miners who have been trapped half-mile underground for over two weeks. A second bore...
Straits Resources Upgrades Indonesian Coal Mine Reserves
Australia's Straits Resources has upgraded its coal reserves and resources at the Jembayan coal mine in Indonesia by 21%. The company said its marketable coal reserves at Jembayan has...
Excellon Suspends Production at Mexico Mine
Excellon Resources has suspended production at its Platosa mine in Mexico after a large water-bearing fissure was found last week. The company said no employees were injured during the inflow...
India Rejects Vedanta Bauxite Mine Plan
India has rejected a plan by Vedanta Resources to mine bauxite in Orissa state. The country's environment ministry rejected the proposal to mine bauxite in the Niyamgiri Hills in eastern...
Minefinders Discovers Mineralised Zone at Mexico Mine
Minefinders Corp has announced a mineralised zone discovery at its Dolores mine in northern Mexico. Chief executive Mark Bailey said the initial drill results of the North Dome deposit...
Western Australia Hikes Iron Ore Royalty
The Parliament of Western Australia has approved legislation to raise royalty rates for iron ore miners including BHP Billiton and Rio Tinto. According to the law, the companies will have to...
Scottish Gold-Silver Mine Rejected on Environmental Grounds
A local authority has rejected a plan for a proposed gold and silver mine owned by Scotgold Resources at Cononish in the Grampian Highlands of mid-western Scotland due to environmental...
Trapped Chilean Miners Found Alive
A group of Chilean miners trapped for 17 days inside a collapsed mine are alive, Chilean President Sebastián Piñera has announced. A rescue probe that drilled down 2,257ft (688m) to the bottom...
South Africa Upholds Kumba Mining Rights
South Africa has upheld its decision to award part of the prospecting rights of the Kumba Iron Ore Sishen mine to a company whose biggest shareholder has been in business with the son of...
Ivernia Revises Lead Production Outlook at Magellan Mine
Ivernia has reduced its 2010 lead production forecast for its Magellan mine in Australia due to problems with a processing plant. The company said it aims to produce 50,000-55,000t of lead...
Wildfires Bring Huckleberry Mine to a Halt
Canada's Imperial Metals has suspended operations at its Huckleberry mine in northern British Columbia due to wildfires in the area. The mine operations were temporarily suspended from 16 August....
Deals This Week: BHP Billiton, Vale, Harmony Gold and More
BHP Billiton has made an unsolicited bid of $40bn to acquire Potash Corp, which controls 20% of the world's potash supplies. Eagle Plains said it has completed the acquisition of Prize...
Bayan Resources Lifts Force Majeure
Indonesia's Bayan Resources has lifted the force majeure at its Wahana coal mine in Indonesia. The renewed output could help drive up the benchmark Australian thermal coal price to $90 a...
AngloGold Ashanti to Boost Global Gold Output
AngloGold Ashanti is looking to boost its global output of gold by almost 25% over the next five years. CEO Mark Cutifani said the target is to raise global output from 4.5 million ounces of...
SouthGobi Plans Second Mining Pit in Mongolia
SouthGobi Resources is planning to obtain a mining licence for its second coal pit in Mongolia by the end of the year. CEO Alexander Molyneux said the company will apply for a permit for...
MCC Pakistani Mines Unaffected by Floods
The Metallurgical Corporation of China (MCC) said operations at its copper and zinc mines in Pakistan have not been affected by recent flooding. MMC vice-president Huang Dan said the company's...
Xstrata Says Coal Demand Robust as India and China Increase Demand
Xstrata said the demand outlook for coal is robust due to urbanisation in China and India. Xstrata chief executive for coal Peter Freyberg said Australia will be a key investment region as...
Indian Government Turns Down Vedanta Orissa Mining Project
The New Deli Government in India has ordered Vedanta Resources not to proceed with its bauxite mining project in Orissa's Niyamgiri hills until local tribal communities give consent. A...
ArcelorMittal, Wuhan Steel Plan Joint Mine Investments
ArcelorMittal, the world's largest steelmaker, and Wuhan Iron & Steel Group are looking to jointly invest and acquire mines as rising prices spur mills to take greater control of raw...
Newcrest Mining Profits Soar
Newcrest Mining's second-half profits climbed more than threefold due to increased prices and production. The company's net income for the six months ended 30 June stood at A$340m, compared...
BHP Billiton Makes Hostile $39bn Bid for Potash
BHP Billiton has made a $39bn (£25bn) hostile bid for Potash Corporation, the world's largest fertiliser company, after it rejected an earlier approach. The $130-a-share cash offer is a...
Bolivian Protestors End Strike, Mines Reopen
Bolivian protestors have ended a strike that paralysed a mining town for 19 days and disrupted operations at two of the world's top silver mines, after reaching a deal with the government. ...
Quadra FNX Posts Q2 Rise in Profits
Quadra FNX Mining has recorded a second quarter profit of $21.8m for the three months ended 30 June compared with a loss of $7.3m a year earlier. The company’s revenue rose to $169.1m. Quadra...
Tasmania Approves Mining Lease at Arthur River Magnesite Project
Beacon Hill Resources has been granted a mining lease by the Government of Tasmania, Australia, to develop the Arthur River magnesite project in north-west Tasmania. Beacon Hill executive...
Indonesian Coal Output Projected to Fall
Indonesian coal output may fall by 6% this year to 300 million tons due to continuous unseasonal rains, which may tighten an oversupplied regional market. The Indonesian Meteorology,...
Four Illegal Miners Shot Dead in SA Gold Mine
Four illegal miners have been shot dead at a