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Archive of industry news from the global mining industry

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May 2015

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Norway’s $1.2tn pension fund told to reduce stakes in coal assets
29 May 2015 Norway's $1.2tn government pension fund has been urged to sell stakes in coal assets to help cut climate damage....

Chile files charges against Lundin’s Candelaria mine for alleged environmental breaches
29 May 2015 Chile's environmental regulator has filed charges against Canada-based Lundin Mining over allegations of environmental breaches at its Candelaria copper mine....

Deals this week: Wealth Minerals, Stratabound Minerals, Timmins Gold
29 May 2015 Wealth Minerals has signed an agreement with Coronet Metals to purchase Coronet Metals Peru....

Glencore to cut production at Collinsville coal mine in Queensland
29 May 2015 Glencore has announced plans to scale-down production at its Collinsville coal mine in north Queensland, Australia, by two million tonnes citing low coal prices....

Ericsson to launch 5G pilot to improve productivity and safety at Swedish mines
28 May 2015 Ericsson is set to begin a new pilot project that will use 5G technology to improve productivity and safety in the Swedish mining industry....

GFS selects Power Train Technologies to distribute mine truck systems in Chile
28 May 2015 US-based GFS has selected Power Train Technologies (PTT) to distribute its LNG mine truck conversion systems in Chile....

China establishes $16bn gold mining fund
28 May 2015 China has set-up a new $16bn mining fund for investment in gold mines to increase the country's trade influence of the metal....

Citic Pacific awards scaffolding services contract to GCS for Sino Iron project in Australia
27 May 2015 Hong Kong-based Citic Pacific Mining has awarded a scaffolding services contract to Australian firm Global Construction Services (GCS) for the company's Sino Iron project....

Zijin Mining to buy mining assets in Papua New Guinea and Congo
27 May 2015 Chinese mining company Zijin Mining Group has signed a deal to invest $710m to buy a stake in gold and copper mining assets owned by two Canadian companies in Congo and Papua New Guinea....

New plant spotted in West Africa that identifies presence of diamonds
27 May 2015 UK certified diamond specialist Marlows Diamonds has claimed to have found a new thorny, palm-like plant in West Africa, which signals the presence of diamonds beneath it....

Mincor to cut output at Western Australian nickel mines
27 May 2015 Mincor Resources has announced plans to boost operating margins by implementing a revised mining plan at its nickel mines in Kambalda, Western Australia....

ACCC begins legal action over allegations of coal mining licence rigging
26 May 2015 The Australian Competition and Consumer Commission (ACCC) has started legal action against 11 parties in the Federal Court for alleged bid rigging for a coal exploration licence in New South...

Independence Group to acquire Sirius Resources in A$1.8bn deal
26 May 2015 Australian mining and exploration company Independence Group has signed an agreement to acquire all the issued capital of Sirius Resources for A$1.8bn. ...

Barrick Gold sells Cowal Mine in Australia to Evolution Mining for $550m
26 May 2015 Barrick Gold has signed an agreement to sell its Cowal gold mine in New South Wales, Australia, to Evolution Mining in a deal worth $550m....

Deals this week: Glen Eagle Resources, Mason Graphite, Teck Resources
22 May 2015 Glen Eagle Resources has received approval from the TSX Venture Exchange for its proposal to acquire Cobra Oro de Honduras....

Liebherr drops lawsuit filed against employees over stolen truck design documents
22 May 2015 Liebherr USA has agreed to withdraw its filed lawsuit against its six former employees for allegedly stealing design documents used to manufacture mining trucks....

Murray Energy to cut 1,800 jobs at US coal mines
22 May 2015 US underground coal mining company Murray Energy has announced plans to lay-off around 1,800 workers at various mines in West Virginia and Ohio....

BHP Billiton agrees to pay $25m to settle 2008 Beijing Olympics charges
22 May 2015 BHP Billiton has agreed to pay $25m to settle charges for potential breaches of the US Foreign Corrupt Practices Act (FCPA)....

Credit Agricole to stop financing coal mining projects
21 May 2015 French bank Credit Agricole has announced it will stop financing coal mining projects or companies due to environmental concerns....

Lupaka Gold begins underground mining at Invicta Gold Project in Lima, Peru
21 May 2015 Lupaka Gold has started underground mining at its wholly owned Invicta Gold Project in Lima, Peru, after completion of mobilisation and setup by country based underground mining contractor PLH SAC....

EU backs draft law to ban conflict minerals
21 May 2015 The European Parliament has approved a new draft regulation that requires importers of tin, tantalum, tungsten, and gold for manufacturing consumer goods to receive certification from the EU...