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Rio Tinto CEO: China steel production to reach 1 billion metric tons by 2030

Rio Tinto CEO Tom Albanese told reporters in Beijing that the company is optimistic about China's long-term steel production, predicting that Chinese steel output will increase by 40% to reach 1 billion metric tons by 2030.

Miner killed in accident at Indonesian gold mine

Kingsrose Mining Limited and its 85% owned subsidiary PT Natarang Mining announced that an accident occurred overnight at its Talang Santo mine on its Way Linggo Project. The accident resulted in the death of a mine worker.

Rising tensions cause Aquarius Platinum and Xstrata to suspend Rustenburg mines

Due to unrest in Rustenburg, South Africa, Aquarius Platinum announced it has suspended operations at its Kroondal platinum mine until September 16.

Update: Court rejects lawsuit against Freeport Indonesia

The South Jakarta municipal court rejected a civil suit by the Indonesian Human Rights Committee For Social Justice (IHCS) against a subsidiary of mining giant Freeport McMoRan concerning its royalty rates contract with the government.

Strikers block access to Anglo platinum shafts; organizers may be linked to Lonmin, Impala strikes

Striking Anglo Platinum workers have blocked roads leading to shafts owned by the miner. Anglo Platinum is the largest platinum producer in the world.

Botswana diamonds: Additional diamonds discovered in Libongo, Cameroon

Botswana Diamonds said two additional diamonds have been recovered from the ongoing sampling program on the Libongo palaeoplacer project in Cameroon.

Vale to postpone developmental projects

Vale said it will delay projects in the conceptual phase of development as the company copes with the economic climate.

CHALCO will not give up on Mongolian natural resource opportunities

Weiping Xiong, the general manager of Aluminum Corporation of China (CHALCO), said that the company will continue to explore investment opportunities in Mongolia's natural resources sector.

Anglo Pacific: Increase to coal royalty rate in Queensland to impact Kestrel and Crinum Mines

Anglo Pacific Group PLC announced that the proposed changes to royalty rates, which were announced by the Queensland Government on September 11, 2012, are also expected to apply to the coal royalties that it receives from the Kestrel and Crinum mines.

SouthGobi Resources fires CEO Alexander Molyneux

SouthGobi Resources Ltd. today announced the termination of President and Chief Executive Officer Alexander Molyneux effective September 12, 2012.

Lynas to face more troubles over Malaysian plant

According to a report by Fairfax Media, Lynas Corporation Limited may face more obstacles at its rare earths processing plant in Malaysia after a group of activists confirmed its commitment to obstruct the project.

German nuclear expert ensures safety of Lynas' Plant

Dr. Ing Joachim U. Knebel, chief science officer for Karlsruhe Institute of Technology, noted that the Lynas Advanced Materials Plant (LAMP) in Gebeng is safe as long as the company follows all guidelines.

Unions reject BHP Billiton Limited's latest coking coal mine labor agreement

A spokesman representing unions engaged in an ongoing labor dispute with BHP Billiton Limited, at its coking coal mines in northeastern Australia, indicated today that the latest workplace agreement offered by the company has been […]

Onexim confirms plans to sell stake in Polyus Gold

Onexim Group, owned by billionaire Mikhail Prokhorov has confirmed through a filing to the London Stock Exchange that the company is in talks with two potential buyers to sell part or all of its stake in Polyus Gold.

Pharaoh gold mines to explore for gold in 4 countries

Pharaoh Gold Mines NL, Centamin's wholly-owned subsidiary, signed gold exploration contracts with Oman, Saudi Arabia, Ethiopia and Sudan.

Malema calls for general mining strike and nationalization

Julius Malema, the ex-leader of the Youth League of South Africa's ruling party, the African National Congress (ANC), called on the government to nationalize the country's mines in a radio interview today.

Newcrest announces temporary suspension of mining operations at Ridgeway underground mine

Today, Newcrest Mining Limited announced that mining operations at the Ridgeway underground mine have been temporarily suspended following the failure of a section of the conveying system on September 12, 2012.

BlackRock ups Newcrest stake to 11.3%

The common shares were acquired in the ordinary course of business for investment purposes only and not for the purpose of exercising control or direction over Newcrest.

Strike costs Lonmin $95 million so far

Analysts estimate that the wage increase, if enacted, would wipe out the company's already thin margins.

Workers at Peru's only iron ore mine to strike

Approximately 1,000 workers are expected to adhere to the strike.

Peru: gold production down 5.86% year on year in June

According to data from the Peruvian Ministry Mining, gold production in June 2012 dropped 5.86% to 13,094,424 fine grams of gold for the month.

Weak markets force Alrosa to dump stock in state repository for the first time since 2009

Alrosa said the sales were a measure aimed at maintaining acceptable price levels as the company's clients signaled that they were experiencing financial trouble in 2H 2011.