News

Elemental Minerals to raise $1.7bn for Sintoukola project in Congo
Wednesday, February 22, 2012 Elemental Minerals (ELM) is hoping to raise around $1.7bn to boost its production capacity by...

Caledonia Corp to divest majority stake in Zimbabwean gold mine
Tuesday, February 21, 2012 Caledonia Mining Corporation has entered into a memorandum of understanding to divest 51% of its Blanket gold mine located in Zimbabwe to Indigenous Zimbabweans for...

QRS to acquire 100% stake in Chilean gold project
Tuesday, February 21, 2012 QRS Capital Corp has signed an option agreement to purchase a 100% stake in the Las Leddas project located in Chile’s Maricunga...

Rio invests in world's first automated rail network in Australia
Monday, February 20, 2012 Global miner Rio Tinto has become the first mining company to explore the use of a long-distance heavy-haul rail network after announcing it will invest $518m to test the technology at its...

Global Geoscience, Osisko Mining ink deal for Nevada gold projects
Monday, February 20, 2012 Australian greenfield exploration firm Global Geoscience and North American gold production company Osisko Mining have entered into a binding agreement to explore the former's five gold projects...

Deals this week: Anvil Mining, Joy Global and more….
Friday, February 17, 2012 Copper producer Anvil Mining has won approval from its stakeholders in Democratic Republic of Congo to be taken over by China-based Minmetals...

AuryxGold Namibia to revive Otjikoto gold mine
Friday, February 17, 2012 AuryxGold Namibia said it plans to revive the Otjikoto gold mine located in...

Legend Mining, Posco sign MoU for Cameroon iron ore project
Friday, February 17, 2012 Legend Mining has signed a memorandum of understanding (MoU) with Posco to form a joint venture to develop the Ngovoyang iron ore project in Cameroon, West...

Padbury Mining JV completes diamond drilling programme in Australia
Thursday, February 16, 2012 Padbury Mining, in partnership with its joint venture (JV) partner Aurium Resources, has announced the completion of its diamond core drilling programme at the Peak Hill Iron Project in...

Detour Gold completes share sale
Thursday, February 16, 2012 Detour Gold Corporation has completed its previously announced bought deal public offering of common shares for total gross proceeds of C$277m...

Xstrata offers to sell 20% stake in Wandoan project in Australia
Wednesday, February 15, 2012 Mining giant Xstrata is offering to sell a 20% stake in its proposed $6.44bn Wandoan project in...

Fortescue signs MoU for Australia's Iron Valley project
Wednesday, February 15, 2012 Fortescue Metals Group (FMG) has signed a memorandum of understanding (MoU) with Iron Ore Holdings (IOH) for the Iron Valley project in Pilbara region, Western...

BHP Billiton approves $2.6bn investment for Escondida mine expansion
Tuesday, February 14, 2012 BHP Billiton has approved a total investment of $2.6bn for the expansion of facilities at the Escondida copper mine in...

Philippines plans to tighten mining rules
Tuesday, February 14, 2012 The Philippine government is planning to introduce new measures to tighten mining rules to cut tax breaks and review resource contracts under a new...

Padbury Mining, Aurium Resources complete merger deal
Monday, February 13, 2012 Padbury Mining and Aurium Resources have signed a binding scheme implementation agreement (SIA), following the completion of merger...

Thiess wins civil works contract from BMA
Monday, February 13, 2012 Leighton Holdings subsidiary Thiess has received a $180m contract from BHP Billiton Mitsubishi Alliance (BMA) for the development of the Caval Ridge Mine Project in Central Queensland,...

BHP Billiton miners plan week long strike
Friday, February 10, 2012 Over 4,000 mine workers at BHP Billiton’s coal mines in Queensland’s Bowen Basin plan to begin a seven day industrial strike starting on...

Franco-Nevarda buys Lake Shore Gold royalty share
Friday, February 10, 2012 Franco-Nevada Corp has announced it will invest $50m to become a shareholder of Lake Shore Gold...

Deals this week: Hebei Veyong, Eurasian Minerals and more….
Friday, February 10, 2012 Hebei Veyong Bio-Chemical said it will fully acquire Xinneng Mining from controlling shareholder, Xinao Investment...

Rio Tinto to spend $3.4bn on iron ore expansion in Australia
Thursday, February 09, 2012 Rio Tinto will spend an additional $3.4bn to expand its iron ore operations in Western Australia's Pilbara...