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.
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.
Due to unrest in Rustenburg, South Africa, Aquarius Platinum announced it has suspended operations at its Kroondal platinum mine until September 16.
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.
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 said two additional diamonds have been recovered from the ongoing sampling program on the Libongo palaeoplacer project in Cameroon.
Vale said it will delay projects in the conceptual phase of development as the company copes with the economic climate.
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 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 Ltd. today announced the termination of President and Chief Executive Officer Alexander Molyneux effective September 12, 2012.
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.
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.
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 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 NL, Centamin's wholly-owned subsidiary, signed gold exploration contracts with Oman, Saudi Arabia, Ethiopia and Sudan.
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.
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.
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.
Analysts estimate that the wage increase, if enacted, would wipe out the company's already thin margins.
Approximately 1,000 workers are expected to adhere to the strike.
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.
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.