Recent Articles

China, Japan and ‘mystery local billionaire’ potential developers of Oakajee project

Posted on April 17, 2014

While the WA government is favours Chinese capitals, Australian junior Padbury Mining says it has secured $6.5 billion to take over the project, but refuses to reveal backer's name.

Guinea government to strip Vale, BSGR of all Simandou rights

Posted on April 17, 2014

The West African nation is ready to withdraw the mining permits held by VBG, a company run by BSGR and Vale.

Metso rejects Weir’s $5.5 billion merger approach

Posted on April 17, 2014

The combined equipment manufacturer would be listed on both the London and Helsinki Stock Exchanges.

Uranium miners dying from cancers, unexplained illnesses in Namibia

Posted on April 17, 2014

Most cases coming from Rio Tinto’s Rössing mine, according to report.

Ex-US president Jimmy Carter comes out against Keystone XL

Posted on April 16, 2014

He is first US former president to urge the current administration reject TransCanada's pipeline.

Yamana, Agnico Eagle offer $3.9bn for Osisko

Posted on April 16, 2014

Investors will now be watching to see if Goldcorp tries to top the joint bid.

Fortescue misses expectations, vows to step up output to meet target

Posted on April 16, 2014

Australia's third biggest iron ore miner won’t give up on its full year export target of 127 million tonnes.

Chile’s main iron-ore producer to invest $650 million this year

Posted on April 16, 2014

The biggest chunk of the investment will be allocated to CAP's Cerro Negro Norte operation in the country's north.

Australia to begin exporting uranium to the Middle East

Posted on April 16, 2014

The deal, signed in 2012, could see Aussie miners exporting up to 800 tonnes of yellow cake a year to the Middle East by the end of the decade.

Brazil’s iron miners risk losing market share to Australian competitors

Posted on April 16, 2014

Brazil's mining sector is expected to see slower average growth rates through 2018 compared with previous years, a report by Business Monitor shows.

Two workers killed in wall collapse at Australian coal mine

Posted on April 16, 2014

The employees died following the incident at the Austar coal mine in the Hunter Valley region of New South Wales state.

Brazil’s Vale gets $2.8bn for iron ore expansions

Posted on April 15, 2014

Loan will help the miner improve its railway network and build a new mining and processing unit in Para state

BHP going after PotashCorp again: report

Posted on April 15, 2014

Speculation is mounting as the industry has shifted enough to make a buyout attractive.

China’s appetite for gold down, but not gone: World Council

Posted on April 15, 2014

The country's gold fever is expected to cool this year.

Rio Tinto iron ore output hit by bad weather in Australia, Canada

Posted on April 15, 2014

Production of the steel-making material, however, increased by 16%, which means the miner is on track to meet its full-year target.

American girl gets $20K for diamond found in park

Posted on April 14, 2014

The 14-year-old found the unique a 3.85-carat jellybean-size piece in an Arkansas state park last year.

Planned uranium mine in South Dakota clears key hurdle

Posted on April 14, 2014

Powertech Uranium's proposed mine may have gotten a license to operate last week, but opponents say they'll fight the ruling.

Canada’s First Nations may build alternative to Northern Gateway pipeline

Posted on April 14, 2014

Eagle Spirit Energy Holdings and Aquilini Group say they have signed non-disclosure agreements with a substantial number of First Nations in northern British Columbia to earn a “social licence” for the project.

Iran claims right to enrich uranium to 90% level

Posted on April 14, 2014

The nation's nuclear chief also said Teheran plans to build four new nuclear plants with the help of Russia.

Anglo gives fresh signs it wants to offload platinum mines

Posted on April 14, 2014

CEO Mark Cutifani said the Rustenburg operations were no longer considered one of the company’s core assets.

Codelco could tap sovereign wealth fund for needed mine expansions

Posted on April 14, 2014

The world's No.1 copper producer needs to invest roughly $30 billion in the next decade to counter dwindling ore grades in its massive mines.

Anglo American seeks $600 million compensation from Venezuela

Posted on April 14, 2014

The miner became the latest corporation to sue the nation over the way it has treated foreign companies during Hugo Chavez administration.

Brazil Batista engaged in insider trading: report

Posted on April 11, 2014

The country's securities regulator, known as CVM, has found Batista waited 10 months to disclose that four oil fields were not commercially viable.

Iran said to be exporting more oil than allowed

Posted on April 11, 2014

February’s levels were the highest since the West slapped sanctions on Tehran in June last year, says the International Energy Agency (IEA).

Bolivia to revise new mining law

Posted on April 11, 2014

Bolivian President Evo Morales and leaders of the National Federation of Mining Cooperatives have formed a commission to quickly redraft at least three controversial articles of the recently-approved ruling.

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