A Chilean lawyer has filed legal action to force the world’s largest gold producer Barrick Gold executives to appear in a Canadian court to respond to accusations that the company falsified information included in the Pascua Lama protocol between Argentina and Chile in 2004.
Gem Diamonds has initiated a review of its capital investment plans and said it might delay projects in Lesotho and Botswana in order to protect the company’s balance sheet in light of continued economic uncertainty.
Diversified miner Xstrata Alloys was progressing the ramp-up of its Helena chrome mine, in Mpumalanga, with the development of a south decline underground, the company said.
There's a new appetite for equity financing in the global mining sector, as investors tiptoe back into a market that has fretted about funding for the last six months. Boosted by firm metals prices and a less pessimistic outlook for a still-fragile global economy, many mining companies are again able to sell shares in secondary offerings or tempt investors with an initial public offering.
Above zero temperatures have set the 600-km ice road connecting diamond mines in Canada’s Northwest Territories with supplies slightly behind schedule since trucking began at the start of the month, but there is no reason to panic yet, the man in charge of the operation said on Tuesday.
Interest in the burgeoning African mining industry continues to increase, with this year marking the eighteenth annual Investing in African Mining Indaba, and numerous contracts being awarded to mining suppliers.
Mining major BHP Billiton’s South African energy coal unit Becsa has suspended mining activities at the underground operation of its Khutala colliery near Witbank, after a fatal accident on Thursday.
Toronto’s Iamgold has sold its Mupane Gold Mine in Botswana to TSX-V-quoted junior Galane Gold for $34-million in cash and shares, the company announced on Wednesday.
Adamus Resources Limited is pleased to announce that its ongoing exploration program has returned positive results from the recent RC drilling program at its Kanyankaw project (22km east of the Nzema Gold Project), located between Tarkwa and the port town of Takoradi.
Kenya is set to join the league of gold-producing nations following the granting of the first mining lease to UK company Goldplat.
As diamond prices show their first significant drop since staging a signifi- cant recovery from the financial crisis, analysts said last week the pullback was due at some point, and that prices should more or less hold their current levels for the rest of this year and into 2012.
PERTH (miningweekly.com) Australia plans to open a A$31-million International Mining for Development Centre at an university in Perth to provide practical advisory, education and training services to developing nations, most notably African, across...
JOHANNESBURG (miningweekly.com) Reams of queries streamed in ahead of the questions deadline for the independent power producer (IPP) project that Anglo American Thermal Coal is facilitating at eMalahleni, Mpumalanga. “Our period for questions closed...
Miningweekly.com reports gold miner Great Basin Gold (GBG) was on track to achieving its planned increased rate of mining at the Burnstone mine for the remainder of this year and for 2012, CEO Ferdi Dippenaar said on Thursday.
JOHANNESBURG (miningweekly.com) Palabora Mining on Tuesday reported increased third-quarter copper mine production, but said that its refined output dropped. The company, South Africa’s only major copper producer, increased the ore hoisted by 11% to...
PERTH (miningweekly.com) ASX-listed (AMMG) has reached an agreement with Minemakers to acquire its 80% interest in the West Southdown project, in Western Australia. The newly named Southdown extension project comprises a 22-block exploration licence,...
PERTH (miningweekly.com) Australia-listed Nimrodel Resources has signed a farm-in and joint venture (JV) agreement to acquire up to 65% of Botswana-domiciled company Triprop Energy. The agreement with Triprop increased Nimrodel’s target area in Botsw...
PERTH (miningweekly.com) Asian coal and energy provider Banpu Minerals has increased it shareholding in takeover target Hunnu Coal to over 25% after receiving Foreign Investment Review Board approval. The deal has also been approved by the Bank of...
The end that black-controlled JSE-listed Exxaro Resources will put to local zinc refining by December 31 is “clearly unfortunate”, says International Zinc Association of Southern Africa regional director Rob White.
Richards Bay Coal Terminal (RBCT) CEO Raymond Chirwa has resigned. RBCT chairperson Imogen Mkhize said in a statement that RBCT’s GM Alan Waller would act as RBCT CEO until further notice.
The Democratic Republic of Congo would see its energy deficit dramatically increase in the next four years due to a surge in demand from the mining industry, the country's national supplier said on Tuesday.
Philippines-focused gold producer Medusa Mining is set to under-take a $70-million remodelling of its current Co-O mill and mine site in order to increase its yearly production target to 200,000 oz.
In a year that was relatively quiet for the logistics industry in general, Cargo Carriers has posted a 21% increase in its turnover. The return of logistics operator Cargo Carriers to the mining sector was a contributing factor and was marked by the
Conveying equipment designer and fabricator Superior Industries has released the market’s first primary and secondary belt-cleaning system with a common mounting point. The product will benefit conveying applications on mines that have problems with
JOHANNESBURG (miningweekly.com) - South Africa’s National Union of Mineworkers (NUM) on Friday called for “urgent” restrictions on chrome exports, particularly to China. The union’s national executive committee said in a statement that China was