Mining & Aggregates

Energizer Resources releases technical report on Green Giant Vanadium Project

The NI 43-101 document confirms two large-scale vanadium deposits on the Madagascar property

Energizer Resources has released a technical report on its Green Giant Project in Madagascar.

Nkwe Platinum Ltd Garatau platinum project sees 300 percent increase in resource estimate

Nkwe and Xstrata have a joint agreement for the site in South Africa’s Bushveld Complex

Nkwe Platinum Ltd Garatau platinum project has seen a 300 percent increase in its resource estimate.

BHP Billiton to acquire Athabasca Potash Inc. for CAN$341 million

Athabasca has one of the largest exploration permit areas in the Saskatchewan Basin

BHP Billiton is purchasing Athabasca Potash Inc.

OM Holdings of Singapore purchases stakes in Australia’s Northern Iron

Northern’s Sydvaranger Iron Project in Norway is expected to have a long life for iron yield

Northern Iron oversees the Sydvaranger Iron Project in Norway.

Platmin: Pilanesberg Platinum Mine to reach full capacity in 2011

The South African mine is behind schedule for platinum-group metal ounces

Platmin's Pilanesberg Platinum Mine will reach full capacity in 2011.

Centamin Egypt Limited starts exporting gold from Sukari Gold Project

Centamin is working with the UK’s Johnson Matthey to refine its product

Centamin Egypt Limited has started to export gold from its Sukari Gold Project.

African Minerals partners with China Railway Materials Commercial Corporation on iron ore project

The deal will fund the first phase of African Minerals' Tonkolili endeavor in Sierra Leone

African Minerals partners with China Railway on iron ore project.

Iran refuses nuclear plan brokered by the UN

The US seeks support for sanctions against the country; believes nuclear weapons development continues

Iran has refused economic support in exchange for curbing its nuclear program.

Gem Diamonds and Tiffany’s establish supplier agreement

Gem will provide precious yellow diamonds from its Ellendale mine in Western Australia

Gem Diamonds and Tiffany's have signed a formal supplier agreement.

Merafe Resources predicts ferrochrome prices to drop in Q1 2010

The joint venture with Xstrata is targeting South Africa, which produces more than half the world’s ferrochrome

Ferrochrome prices are expected to fall in quarter one of 2010.

Uranium Star Corp. changing name, accepted conditionally to TSX Venture Exchange

The owner of the Green Giant Vanadium Project in Madagascar will be called Energizer Resources Inc.

Uranium Star Corp., owner of the Green Giant Vanadium Project in Madagascar, is changing its name.

Namibia establishes Epangelo Mining, its first state-owned mining company

The new entity will focus on uranium, diamonds, gold, copper and other significant minerals to improve the local economy

The Namibian government has created its first state-owned mining company.

First Quantum Minerals developing Kevitsa project in Finland

The $400 million nickel/copper/platinum endeavor is expected to begin commercial production in 2012

First Quantum Minerals has approved its Kevitsa nickel/copper/platinum project in Finland.

Medusa Mining now on Toronto Stock Exchange

The Australian gold miner will maintain its listings on the Australian and London exchanges

Medusa Mining is now listed on the Toronto Stock Exchange.

First Quantum to purchase Kiwara for $260 million

The acquisition will expand First Quantum’s exploration in Africa

First Quantum plans to purchase Kiwara, who has copper exploration operations in Zambia.

Vancouver Resource Investment Conference to be held January 2010

More than 40 experts to discuss global resource investment and 200 companies to display

The Vancouver Resource Investment Conference will be held in January 2010

Central banks to be top net buyers of gold

Gold reached record highs this week; BlackRock says more gold will be purchased than sold

BlackRock predicts central banks worldwide will be net buyers of gold this year.

ENRC says chrome output must increase 50 percent in next decade

China’s stainless steel demand to impact top ferrochrome producer South Africa

To meet Chinese stainless steel demand, ENRC says chrome production needs to increase by roughly 50 percent within the next decade.

Ecuador mineral exports could start in 2012

President Rafael Correa says the growing mining industry could propel economic development

Ecuador could begin exporting minerals in 2012.

London Bullion Market Association delegates make gold, precious metal forecasts

The LBMA has a positive outlook for gold market prices through the next 12 months

Newmont Mining Corporation prepares for second Ghana mine

Akyem’s gold production could be up and running as early as 2013

Newmont Mining Corporation plans to make a final decision on building a second mine in Ghana.

Bass Metals to build new base minerals mine in Tasmania

The Australian company is aiming to begin by early next year

After a successful study, Bass Metals is on track to build a new Tasmanian mine.

Nubian Resources granted licenses in Eritrea

The Gippsland subsidiary will begin sampling shortly in the Red Sea state

Gippsland subsidiary Nubian Resources has been granted licenses in Eritrea.

Vale of Brazil purchases Rio Tinto operation

The Corumbá iron-ore mining operation could increase to a 15 million ton capacity

Brazil's Vale company has purchased iron-ore operations from Rio Tinto.

Uranium Star formally applies for TSX Venture Exchange listing

The company has also strengthened its Green Giant Vanadium Project management team

Uranium Star has formally applied for a listing on the TSX Venture Exchange.

BHP Billiton: Transparency rising in iron-ore pricing

With the steel market’s growth, contracts are being shortened

Iron-ore pricing is becoming more transparent.

Uranium Star acquires remaining 25 percent interest in Green Giant Vanadium Project in Madagascar

The company now holds 100 percent of projected 200 million ton deposit

Uranium Star Corp. is purchasing the remaining 25 percent of the Green Giant Vanadium Project in Madagascar.

Russian Technologies planning to invest $3 billion in Udokan project

The largest untapped copper field could boost Russia’s production by at least 15 percent

Russian Technologies is focused on investing in the Udokan copper project in Siberia.

African Eagle project results show promise

Nickel laterite project in Tanzania could become a significant resource

African Eagle Resources has seen promising results from testing at its Zanzui nickel laterite project in Tanzania.

Two-year deals for South American gold and coal sectors reached

The wage agreements follow several months of negotiations and threats of strikes

South American labor unions have signed two-year wage agreements.

Uranium Star completes trenching program

The Canadian company is targeting a 200 million ton vanadium deposit on the Green Giant Project

Uranium Star Corp. has completed a total of 56 trenches on its Green Giant Vanadium Project in Madagascar.

Brazilian billionaire buys shares of Ventana

The Vancouver company recently made a high-grade gold discovery in Columbia

Brazil's Eike Batista has purchased a stake in Ventana Gold Corp.

Uranium Star establishes Special Advisory Committee for Green Giant Vanadium Project

The vanadium project is an emerging world-class deposit that could enhance green technology products

Uranium Star anticipates its emerging Green Giant Vanadium Project will contribute to green technology prouducts, including batteries.

Australia's Four Mile uranium mine green-lighted for development

The Quasar Resources and Alliance Resources project will have stringent, long-term environmental monitoring

Development of the Four Mile uranium mine in South Australia has been approved.

Anglo American rejects Xstrata’s proposal

Anglo: Proposal from Xstrata “unattractive”

Xstrata seeks $67 billion merger with Anglo American

Merger of equals would be “highly compelling”: Xstrata

Xstrata seeks $67 billion with Anglo American

Tanzania miners ask government to keep tax breaks

Duties will hurt industry, miners say

Rio Tinto drops Chinalco to sign deal with rival BHP Billiton

Iron ore pricing unlikely to be affected, BHP says

Red Back Mining to buy Moto Goldmines

Gold miner hoping to boost production in Africa

Uranium production must expand "dramatically": Cameco

More uranium needed to meet growing demand for nuclear energy in next few years

McArthur River mine in the Canadian Prairie province of Saskatchewan

Peabody, White Energy to build coal upgrading plant

Facility to be built at Powder River Basin site

Moody’s sees stable U.S. coal industry

Rating agency doesn’t see increases in coal production in near future

Moody’s predicts stable U.S. coal industry

IEA calls on cleaner coal production in China

Stricter environmental laws key to developing new cleaner coal technologies

GE Energy announces $200 million service contract with Emirates Aluminium

Agreement with EMAL to ensure reliable power supply

GE service contract with Emirates Aluminium

Paulson buys into South African gold miner

Anglo American sells stake to produce more industrial metals

Xstrata restructures Sudbury ops, cuts jobs

Mining group Xstrata Plc will restructure its Sudbury nickel operations in Canada and cut 686 permanent jobs there after a collapse in metal prices, the firm said on Monday.

Rio in asset sale talks with Chinalco

Global miner Rio Tinto said it had held talks to sell some assets to Chinese government-owned aluminium maker Chinalco, its biggest shareholder, reportedly to cut debt by up to $8 billion (5.6 billion pounds).

Chinalco President Xiao Yaqing attends a news conference in Sydney February 4, 2008. REUTERS/Mick Tsikas

Lundin approves HudBay bid, but deal seen collapsing

Shareholders of Lundin Mining approved a takeover offer by HudBay Minerals on Monday, but the vote looks to be for naught as the market and analysts concluded the deal will collapse at the hands of HudBay's investors.

Kinross to raise $360.5 mln in stock offering

Kinross Gold plans to seek out more acquisitions, the company's chief executive said on Wednesday, citing an "unprecedented" opportunity to bulk up due to the financial crisis and the rout of small players on stock markets.

Tye Burt, President and CEO of Kinross Gold Corporation speaks at the Reuters Global Mining and Steel Summit in New York, June 5, 2006. REUTERS/Eric Thayer

Youthful Regent brings experience to Barrick

Barrick Gold Corp's new chief executive, Aaron Regent, found himself on the wrong end of a multibillion-dollar battle for mining supremacy three years ago, but his current job will likely put him in the driver's seat for any future acquisitions.

Aaron Regent, newly appointed president and chief executive of Barrick Gold Corp listens during a news conference in Toronto, January 16, 2009. REUTERS/Adrien Veczan

Rio Tinto names Jim Leng as new chairman

Mining group Rio Tinto said on Wednesday its new chairman would be Jim Leng, deputy chairman of India's Tata Steel , who will take over in April.

A tipper truck climbs out of an iron ore mine at Tom Price, about 1,300 km (800 miles) north of Perth, in this May 28, 2008 file photo. REUTERS/Tim Wimborne

Teck cuts 1,400 jobs, 2009 coal production

Teck Cominco Ltd will cut about 1,400 jobs, or 13 percent of its staff, as part of a plan to lower costs and keep competitive following a sharp drop in commodity prices, the mining company said on Thursday.

The Teck Cominco smelter plant sits overlooking the small city of Trail in southern British Columbia in this July 6, 2006 file photo. The company will cut about 1,400 jobs, or 13 percent of its staff, as part of its plan to clip costs and keep competitive as commodity prices remain weak, the Canadian mining company said on Thursday. REUTERS/Andy Clark

Kinross plots 32 percent jump in '09 gold output

CALGARY, Kinross Gold Corp said on Wednesday it plans to spend $460 million this year boosting production by 32 percent to as much as 2.5 million ounces.

Crisis talks continue at Tara Mines

Management and union officials are due to hold a meeting today, January 7, to discuss the row over cost-cutting plans.

Rio Tinto restarts Australian iron ore mines

World No. 2 iron ore miner Rio Tinto Ltd/Plc is restarting its iron ore mines in western Australia after a two-week closure to cut production by about 10 percent due to lower demand from steel mills in China.

A tipper truck is parked above the main pit at a Rio Tinto iron ore mine at Tom Price, about 1,300 km (800 miles) north of Perth May 28, 2008. REUTERS/Tim Wimborne

Oz Minerals gets bank lifeline as assets go on block

Oz Minerals, which mines industrial and precious metals in Australia and Laos, was given another two months to persuade lenders to refinance $560 million in debt as it tries to raise cash by selling assets to combat sharp falls in metals prices.

Rio wants to meet Guinea govt on iron ore project

Mining group Rio Tinto is seeking a meeting with the new military junta in Guinea to discuss its $6 billion (4 billion pound) Simandou iron ore project, the firm said on Monday.

A driver climbs from a haul truck at Rio Tinto's Bengalla coal mine in the Hunter Valley north of Sydney in this October 3, 2006 handout photograph. REUTERS/Rio Tinto/Handout

Kenmare’s Moma production progresses

Kenmare Resources has said that it is ramping-up production at its Moma Titanium Minerals Mine in Mozambique.

Galmoy Mines to close by 2011

Kilkenny's Galmoy mines is set to close by 2011, meaning 221 redundancies.

Ormonde Mining posts €379,000 H1 loss

Irish-based Ormonde Mining plc announced today, September 22, that operating losses in the first six months to June amounted to €379,000, due to corporate costs.

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