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Archive of industry news from the global mining industry

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September 2014

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Labour strike forces Cameco to suspend two operations in Saskatchewan, Canada
01 September 2014 A labour strike has forced Canada-based uranium producer Cameco to suspend production at its McArthur River mine and Key Lake mill operations in northern...

Freeport halts Candelaria mine sale negotiation over Chilean tax uncertainty
01 September 2014 Freeport-McMoRan Copper & Gold has halted negotiations with Canada's Lundin Mining over the proposed sale of its Candelaria copper mine in Chile for more than $2bn, after the country made...

Five missing and 22 rescued from collapsed mine in Nicaragua
01 September 2014 An urgent search operation is on-going to free five miners who became trapped in an unlicensed gold and silver mine in Nicaragua, after it collapsed on Thursday due to a...

August 2014

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Deals this week: Tiger Resources, Intrepid Mines, Norton Gold Fields and more
29 August 2014 Tiger Resources has signed a deal to acquire a 40% stake in the Kipoi copper mine (SEK) for $111m, giving the company full control of the...

Linc Energy to sell Carmichael coal revenue rights back to Adani Group for $145m
29 August 2014 Australian energy firm Linc Energy has agreed to sell its revenue rights for the Carmichael coal project back to Adani Group for...

Sydney University stops investing in Maules Creek mine after widespread protests
29 August 2014 The University of Sydney has decided to stop its investments in the Whitehaven's controversial Maules Creek mine following widespread protests from environmental...

Zambian Government considers relaxing rules on copper exports
28 August 2014 The Zambian Government plans to relax its copper exports tax rule, as it requires mining firms to provide certificates from importing countries, the country's Finance Minister Alexander...

Yancoal Australia wins court battle to expand Ashton coal mine in Hunter Valley
28 August 2014 China-based Yancoal Coal Mining's wholly owned subsidiary Yancoal Australia is to proceed with the expansion of its Ashton coal mine in Hunter Valley, after the New South Wales (NSW) Land...

Newmont withdraws mining arbitration suit against Indonesian Government
28 August 2014 Newmont Nusa Tenggara (PTNNT) and its Dutch shareholder Nusa Tenggara Partnership have withdrawn their international arbitration suit against the Indonesian Government, raising hopes of...

Coal mining licences awarded in 1993 to 2010 are illegal, Indian Supreme Court rules
27 August 2014 The Indian Supreme Court has ruled that all of the captive coal mining licences awarded between 1993 and 2010 were...

BHP Billiton plans to invest $3.25bn to increase iron ore production in Pilbara
27 August 2014 Mining giant BHP Billiton is planning to invest A$3.5bn ($3.25bn) in expanding its iron ore mines in the Pilbara region of Western Australia, with the aim to increase...

Chilean mining industry to invest $105bn over a decade, Cochilco says
27 August 2014 The Chilean mining industry will invest $105bn in mining projects across the country over the next decade from this year to 2023, according to the Chilean Copper Commission...

UNICRI to conduct global study on illegal gold mining
26 August 2014 The United Nations Interregional Crime and Justice Research Institute (UNICRI) is to conduct a world-wide study in September to discover the role of illegal gold mining in the production...

St Barbara in talks to transfer ownership of Gold Ridge mine
26 August 2014 Australian gold mining firm St Barbara is in negotiations to hand over its Gold Ridge mine in central Guadalcanal back to the Solomon Islands...

Troy Resources buys $1.1bn of mining equipment for Karouni Gold in Guyana
26 August 2014 Australian gold producer Troy Resources has purchased more than $1.1bn worth of mining equipment to help kick-start operations at its $87m Karouni Gold mine in the West Omai region of Guyana,...

Gold Fields to explore new mining methods at South Deep mine in South Africa
22 August 2014 South African gold mining firm Gold Fields is planning to trial two new techniques methods at its South Deep mine, with the aim of unlocking 40 million ounces of reserves worth around...

Deals this week: Franco-Nevada, Fortune Minerals, Emeco and more
22 August 2014 Franco-Nevada has completed a $500m bought deal financing, offering its 8,375,000 common shares at a price of $50.75 per...

Vale secures preliminary environmental licence to expand Carajas mine in Brazil
22 August 2014 Brazilian mining giant Vale has secured a preliminary environmental licence from the Instituto Brasileiro do Meio Ambiente e dos Recursos Naturais Renováveis (Ibama) to expand its Carajás...

Ebola outbreak to hit production at London Mining’s Sierra Leone mine
22 August 2014 London Mining is anticipating a drop in production at its Marampa Mine in Sierra Leone due to the outbreak of the Ebola virus across West...

Harmony Gold to temporarily close Target 3 shaft in South Africa
21 August 2014 South Africa's Harmony Gold Mining Company has announced it will temporarily close its loss-making Target 3 shaft, putting around 1,500 jobs at...

Whitehaven Coal begins operations at Maules creek mine in Australia
21 August 2014 Australia-based Whitehaven Coal has commenced open cut mining operations at its $767m Maules Creek project in the Gunnedah Basin of...