The Business of Mining - thebusinessofmining.com

The Business of Mining is written by Wilfred Visser on personal title. Wilfred has studied Mining Engineering at Delft University of Technology, the Netherlands. The MSc. Resource Engineering focuses on Mining Engineering after providing a foundation on geotechnical engineering, petroleum engineering, metallurgy & mining. After completing his MSc. degree, he worked as a strategy consultant with Accenture Strategy Consulting. The strategy department of the multinational firm formulates and implements strategies for multinational companies across industries. Currently, Wilfred is an MBA student at Instituto de Empresa Business School (IE) in Madrid, Spain. The top ranked 1-year MBA program brings together high performing young professionals from around the world. The program has a special focus on Innovation and Entrepreneurship.

India Venture to Bid for Coal Block in Mongolia

“India’s International Coal Ventures Pvt., or ICVL, plans to bid for developing huge coal reserves in Mongolia’s Tavan Tolgoi mining deposit, government officials and industry executives said Thursday. ICVL’s interest in the Mongolian block comes at a time when coal and other resource sectors are seeing a wave of multibillion dollar mergers and acquisitions activity globally, much of it driven by increasing consumption in emerging economic giants China and India.

Vallar eyes acquisitions to follow Asian deal

“Vallar, the London-listed cash shell founded by financier Nat Rothschild, is looking at acquisitions of coal assets in North America and Australia worth up to $1bn (£646m) as it seeks to bolster its aspirations to […]

ArcelorMittal sweetens offer for Baffinland

“ArcelorMittal has again sweetened its friendly offer for Baffinland Iron Mines in an escalating battle for control of one of the world’s biggest undeveloped iron ore deposits in Canada’s high Arctic. The Luxembourg-based steelmaker said […]

Riversdale: Scramble in Africa

“Rio Tinto, one of the world’s biggest mining companies, has certainly seen something it fancies in Riversdale, an Australia-based firm that operates mines in Mozambique which produce both coking and thermal coal. Two days before […]

Mining companies fail to use YouTube

YouTube has over 2 billion views per day. It is the world’s second largest search engine. It hosts more video material than has ever been broadcasted on television. Consumer goods companies use YouTube to scan […]

Technological Risk in Mining: Biotech replacing Potash?

“Researchers conducting tests in the harsh environment of Mono Lake in California have discovered the first known microorganism on Earth able to thrive and reproduce using the toxic chemical arsenic. The microorganism substitutes arsenic for […]

NWR’s $1.2bn Polish coal bid lapses

“A $1.2bn hostile bid by New World Resources for Poland’s profitable Bogdanka coal mine has lapsed after failing to attract enough interest from the pension funds that are its main shareholders.” Source: Financial Times, November 30 […]

Rio Tinto unveals investment plans

“Tom Albanese, chief executive, Rio Tinto said: ‘We believe the first and best use of our strong cashflows and robust balance sheet is to invest in the excellent range of value-adding growth projects across Rio […]

China drives metal prices

“China remains the biggest driver of base-metals demand and, hence, prices. Fiscal tightening later in the year will dampen demand for resources, putting a ceiling on prices. At the same time tight credit for Western […]

Glencore’s profit and IPO

“Swiss commodities company Glencore International AG Thursday said its third-quarter net profit rose 45% from a quarter earlier on higher metal prices and a particularly strong performance in its agricultural division.

Consolidation in coal mining as steel industry heats up

"Vallar, the cash shell founded by financier Nat Rothschild, is paying $3bn to create a mining company that will see Indonesia's powerful Bakrie family debut with a London listing for their interests. A new company […]

Alcoa: Aluminium demand will outstrip supply

“Aluminium supplies will struggle to meet surging global demand over the next decade, leading to price rises, according to the head of Alcoa, the world’s largest producer of the metal.

Baosteel and China Steel in iron ore move

“Taiwan’s China Steel and China’s Baosteel are planning to invest jointly in overseas iron ore mines. …

Caterpillar to Acquire Bucyrus

“Caterpillar Inc. (NYSE: CAT) and Bucyrus International, Inc. (Nasdaq: BUCY) announced today they have entered into an agreement under which Caterpillar will acquire Bucyrus International in a transaction valued at approximately $8.6 billion (including net […]

Sphere rejects Sin-Tang bid, prefers Xstrata

“Australian iron-ore developer Sphere Minerals Ltd has rejected a bid by closely held Sin-Tang Development Pte Ltd and recommended its shareholders accept Xstrata plc’s cash offer of A$514 million (US$520 million).

Australian Miners Look West for Capital

“After providing a flood of capital when the rest of the world was closing its checkbooks during the financial crisis, China’s mostly state-controlled mining sector is likely to find itself increasingly outgunned in the race […]

Is BHP Billiton too big to grow?

The (provisional) refusal of the Canadian government to let BHP Billiton acquire PotashCorp of Saskatchewan is the third regulatory limitation to growth the company faces in a short period. As regulators around the world are […]

Canada rejects BHP bid for Potash

“Canada has rejected BHP Billiton’s $39bn bid for PotashCorp, dealing a potentially fatal blow to the Australian miner’s 10-week pursuit of the Saskatchewan-based fertiliser producer.” Source: Financial Times, November 4 2010 Observations: The acquisition has been […]

Canada Splits on Foreign Bid for Potash

“Canada’s impending decision on the fate of Potash Corp. of Saskatchewan has ignited a fierce national debate in a country known for its championship of free trade and laissez-faire attitude toward foreign takeovers.

The ‘Natural Resource Curse’ in Mongolia

“Mongolians were until recently wont to describe themselves as “beggars sitting on a huge pile of gold”. The country has vast but largely untapped mineral deposits. Until recently wages were low and jobs scarce. Shoppers […]

Congo resolves dispute over copper mine

“Freeport-McMoRan, the US copper mining group, has resolved a long-standing dispute with the Democratic Republic of Congo over control of a vast copper mine by giving cash and shares to the government.

Reviving Codelco

“During last year’s election campaign, Sebastián Piñera, who became Chile’s president in March, often criticised Codelco, the country’s state-owned copper company, for its inefficiency, griping over its stagnant output and climbing costs.

Equinox Bids for Citadel Shares

“Zambia-focused copper producer Equinox Minerals Ltd. plans to leap into the top 20 of global copper producers with a 1.25 billion Australian dollars (US$1.24 billion) bid for explorer Citadel Resource Group Ltd.

Uranium Miner Expects Profit Hit

"Energy Resources of Australia Ltd., the uranium arm of mining giant Rio Tinto, on Wednesday downgraded its annual production guidance for the second time this year, and said a strong Australian dollar is hurting its […]

Kazakhmys chairman offloads $1.3bn stake

“Vladimir Kim, chairman of Kazakhmys, has sold an 11 per cent stake in the London-listed Kazakh copper miner for $1.3bn in a transaction that could pave the way for the company’s secondary listing in Hong […]