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Update: Rival challenges expected as Rio's $3.9 bid agreed by Riversdale

Posted on December 23, 2010

Pre-bid agreement for 14.9% of Riversdale puts Rio's foot in the door in Mozambique coking coal development. Recommended cash offer price of A$16 per share, but higher bids expected. Read more

ArcelorMittal won't extend Baffinland bid deadline to accommodate OSC

Posted on December 23, 2010

The world's largest steelmaker, Luxemburg-based ArcelorMittal, is standing firm on its Dec. 29th deadline for acceptance of its Cdn$407 million bid for Baffinland Iron Ore Mines. Read more

Duluth/Franconia tie-up could lead to huge U.S. base metals/pgm mine

Posted on December 23, 2010

In a major consolidation within the big Duluth polymetallic Complex, Duluth Metals and partner Antofagasta are to purchase Franconia Minerals. Read more

Big iron ore expansion for Rio/Mitsui jv at Robe River and Cape Lambert

Posted on December 23, 2010

Japan's Mitsui is to commit US$1.2 billion under its jv agreement with Rio Tinto to expand Robe River and Cape Lambert port iron ore shipments to 130 million tonne/year. Read more

Collahuasi strike comes to an end

Posted on December 9, 2010

Workers and management agreed on Monday to end the 32-day long strike, the longest-ever at a major private mine in Chile. Miners will return to work during Tuesday's first shift. Read more

Ivanhoe considering two-part sale: source

Posted on December 9, 2010

According to a source close to the matter, Ivanhoe mines could sell or spin off assets other than Oyu Tolgoi before looking for a buyer for the part of the company not owned by Rio. Read more

Mining Activity Index driven to 2010 high by gold financing and drilling – MEG

Posted on November 28, 2010

Gold exploration and financings in particular are driving the global mining sector towards new peaks according to Nova Scotia-based Metals Economics Group

Irish debt crisis unlikely to trigger repeat of Spring gold rally

Posted on November 25, 2010

Analysts say that even though Europe seems once more on the edge of financial crisis, a stronger dollar is creating too much of a deterrent for investors seeking an alternative to the euro. Read more

Second blast ends hopes for 29 trapped New Zealand miners

Posted on November 25, 2010

A second explosion on Wednesday that ripped through the Pike River Colliery, five days after an initial explosion trapped 29 miners, has erased all all hope of finding survivors. Read more

China to spend $4.48bn on domestic mining exploration

Posted on November 11, 2010

China is boosting domestic minerals exploration spending in an effort to reduce the country's dependence on imports of iron ore and copper. Read more

Green light for big new Australian gold project

Posted on November 11, 2010

The two companies proposing to develop Australia's biggest grass roots gold project, Tropicana, today jointly approved the project's development. Read more

BHP, Rio scrap $116bn iron JV

Posted on October 19, 2010

Caving to opposition from all sides, the two firms shelved the joint venture that they claim would have reaped more than $10bn in savings, 16 months after they first unveiled the plan. Read more

Will South Africa nationalize its gold and platinum mines?

Posted on October 7, 2010

The possibility of possible nationalization of South Africa's key mining sector rumbles on. Is this likely to happen? Julian Phillips looks at the politics behind the rhetoric. Read more

MDM awarded Kinsenda copper project BFS in the DRC

Posted on October 7, 2010

Potentially one of the DRC Copperbelt's richest copper mines, Kinsenda is the subject of a Bankable Feasibility Study commissioned by Metorex and to be undertaken by MDM Engineering Group. Read more

Perilya announces binding pre-bid agreement to take over Globestar Mining

Posted on October 7, 2010

The all-cash offer values the Canadian listed miner, which among others holds the Cerro de Maimón copper-gold-silver project in the Dominican Republic at C$184m. Read more

Strong 3-6 months for nickel, then supply growth to hit; iron ore outlook positive

Posted on October 4, 2010

While the nickel market looks firm in the near term, Macquarie analysts report that longer term supply growth could impact prices. Iron ore prospects look good for the time being. Read more

Severstal to buy Sacre-Coeur Minerals for C$65m

Posted on September 23, 2010

The Russian miner is hoping to boost its mining operations in Guyana, offering to buy the shares it doesn't already own for 43% more than where they were trading on Tuesday. Read more

Gold Fields CEO says Philippines "definitely opening up" to major mining companies

Posted on September 23, 2010

As Gold Fields announced this week it would invest $120 million to determine if the company should acquire a 60% interest in the Far Southeast gold-copper deposit, Gold Fields CEO Nick Holland noted "the Philippines are definitely opening up" to …

Potash Corp Sues BHP Billiton, hopes to block bid

Posted on September 23, 2010

In an attempt to block BHP's $39bn hostile bid, Potash Corp filed a lawsuit in Chicago alleging that BHP misrepresented and failed to inform investors about material facts. Read more

Coal of Africa shares rise on farm swap approval

Posted on September 13, 2010

The group said, Monday its farm swap agreement with Rio Tinto has been approved by the South African government

Pan African Resources to explore additional deals

Posted on September 8, 2010

With a 91% jump in group profits in the last three years, Pan African Resources CEO, Jan Nelson has reason to be excited. In an interview with Stockopedia he expands on the group's future plans. Read  more

Ivanhoe to process first ore from Oyu Tolgoi by Q4 2012

Posted on September 8, 2010

Ivanhoe Mines (IVN.TO: Quote) expects to process the first ore from its flagship Oyu Tolgoi copper-gold project in Mongolia in the fourth quarter of 2012, the company said on Tuesday. Read more

SA Mines minister launches "major overhaul" of law

Posted on August 17, 2010

Susan Shabangu, announced a major overhaul of South Africa's mining legislation, Tuesday and added ICT and Lonmin matter to be taken to the cabinet.

The fate of Australia's mine tax rests on election outcome

Posted on August 17, 2010

Current Prime Minister Julia Gillard says she will bring in a 30% tax, her opponent claims he will dump the tax. But, the election is on a knife edge and other scenarios could play themselves out

Drill rig simulator bought for Northam Platinum's Booysendal project

Posted on August 16, 2010

A new simulator for training on Sandvik's DD220 drill rig has been sold by South African sim manufacturer Thoroughtec for training for the new Booysendaal platinum mining project.

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