News

International Mining & Infrastructure to acquire Canada's Afferro Mining
Thursday, May 23, 2013 International Mining & Infrastructure (IMIC) has agreed to acquire Afferro Mining, a Canadian iron ore development company with a focus on West-Africa, in a deal worth $190m....

Investment in Australian mineral exploration in decline: report
Wednesday, May 22, 2013 Investment in mining exploration in Australia has dropped by 27% from June to December 2012, according to a report from the Bureau of Resources and Energy Economics (BREE)....

Mintec receives President’s E-Award for Exports
Wednesday, May 22, 2013 Mintec, a software developer and service provider for the mining industry, has received the President’s E-Award for Exports by US Acting Secretary of Commerce Rebecca Blank in Washington, DC....

Quantum makes plans to regain ownership of Tujuh Bukit deposit
Tuesday, May 21, 2013 Quantum Pacific Investment, a private equity firm based in Hong Kong, has outlined plans to regain a controlling stake in a troubled $5bn copper and gold project in East Java, Indonesia, on...

Death toll from Indonesian mine collapse rises to 21
Tuesday, May 21, 2013 The confirmed death toll from an underground tunnel collapse in Indonesia has risen to 21, in what is believed to be one of worst mining disasters in the...

Iluka Resources plans major mining project in Virginia
Monday, May 20, 2013 Australian mining and minerals company Iluka Resources has announced its plans to develop a new $120m mineral sands mining project in Dinwiddie County,...

Rio Tinto Energy chief slams court decision on NSW coal mine
Monday, May 20, 2013 A recent decision by the New South Wales (NSW) Land and Environment Court to suspend Rio Tinto’s plan to expand its Mount Thorley Warkworth coal mine will put 150 more projects at risk, the...

Deals this week: GBM Resources, Central Australian Phosphate and more
Friday, May 17, 2013 GBM Resources has signed a non-binding Memorandum of Understanding (MoU) to purchase the Lubuk Mandi Gold Mine in Terengganu state, Malaysia....

Vedanta Resources to restart iron ore mining operations in Karnataka, India
Friday, May 17, 2013 Vedanta Resources, an India-focused metals and mining company headquartered in the UK, is planning to resume its iron ore mining operations in the Indian state of Karnataka from June, following...

NWR mulls sale of unprofitable operations after record quarterly loss
Friday, May 17, 2013 Central European hard coal and coke producer New World Resources (NWR) is looking to shut down or sell some of its unprofitable businesses and cut several jobs after reporting a record...

Rio’s South of Embley bauxite project gains environmental clearance
Thursday, May 16, 2013 Australian Environment Minister Tony Burke has approved Rio Tinto Alcan’s $1bn South of Embley bauxite mine and port development near Weipa in western Cape York, Queensland....

Erdenes Tavan Tolgoi to begin mining in West Tsankhi, Mongolia
Thursday, May 16, 2013 Mongolia’s state-owned mining company Erdenes Tavan Tolgoi (Erdenes TT) is planning to commence mining at Mongolia’s West Tsankhi coal area, a move which will help the company boost its output...

Grasberg mine collapse kills four, others trapped
Wednesday, May 15, 2013 A tunnel has collapsed at a gold and copper mine in the Indonesian province of Papua, killing four miners and trapping more than 20 others...

Wages increases, productivity losses may push SA rating down: Moody's
Wednesday, May 15, 2013 Wage increases and productivity losses linked to strikes could lead Moody's Investors Service to downgrade South Africa's credit rating...

Glencore Xstrata drops plans for Australian coal export terminal
Tuesday, May 14, 2013 Glencore Xstrata, the world's biggest exporter of coal for power stations, has cancelled its plans to build a A$1bn ($997m) new coal export terminal in Queensland,...

Africa Progess Panel commends Kenya’s new mining tax law
Tuesday, May 14, 2013 Kenya's announcement that it will tax the transfer of assets in the mining sector has been welcomed by The Africa Progress Panel (APP), an influential international policy think...

China closes all Sichuan coal mines after Taozigou mine blast
Monday, May 13, 2013 China has ordered the suspension of production at all coal mines in the southwestern province of Sichuan following a blast at the Taozigou coal mine in Luzhou that left 28 dead and 18 others injured....

Indian court directs government to consider Posco’s mining license application
Monday, May 13, 2013 The Indian Supreme Court has ordered the federal government to consider Posco's plans to develop a $12bn steel plant in the state of...

Deals this week: Cleveland Mining, Avalon Minerals, African Copper and more
Friday, May 10, 2013 Cleveland Mining has entered into a Memorandum of Understanding (MoU) to acquire 80% of three iron ore projects in Brazil....

Rio expects Mongolia’s approval for Oyu Tolgoi exports soon
Friday, May 10, 2013 Anglo-Australian mining giant Rio Tinto is expecting to ship gold and copper from its Oyu Tolgoi mine in Mongolia in the coming few weeks, after months of negotiations with the government over...