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.

Xstrata continues mine studies in Philippines

“A unit of Xstrata said on Friday it will proceed with public discussions and technical studies on its $5.2 billion copper-gold project in southern Philippines despite a looming local ban on the venture. State agency […]

Newcrest expects $8bn Lihir deal

“Newcrest Mining said on Tuesday it has finished due diligence on rival Lihir gold and expects to complete the $8.4 billion deal by September. It added that Lihir should now stop any discussions with third […]

Mongolia to list major asset

“Mongolian Prime Minister Sukhbaatar Batbold plans to list 20% to 30% of Tavan Tolgoi, the country’s giant coking coal deposit, on the Mongolian Stock Exchange, a person familiar with the situation said Monday. Under the […]

The BP Oil Spill: Could this happen in mining?

The blowout on deepwater horizon was caused by a series of errors, classified as questionable decisions [D], mistakes [M] and violations [V]. In the report of events below the bad decisions, mistakes and violations have […]

Xstrata suspends A$586m spending

“Xstrata, the Anglo-Swiss miner, said it had “suspended” A$586m (US$498m) in spending on coal and copper projects after reviewing operations in Australia in the weeks since Canberra announced plans for a new 40 per cent […]

Vale denies iron ore price fixing accusations

“Vale, the Brazilian iron ore miner, yesterday defended itself against Chinese accusations that its iron ore prices are too high, saying that supply and demand are fixing prices, not the big iron ore miners. Roger […]

Steel Prices Under Pressure

“The world’s steel mills are ramping up production so quickly that prices in some markets are expected to fall 5% or more in June, and inventories are growing. Mills in China, the biggest driver of […]

Australian miners bid for coal rail network

“A consortium representing many of the world’s biggest iron ore and coal miners has made a pre-emptive strike to buy the Australian state of Queensland’s coal rail freight network with a fully funded bid worth […]

Top 10 Priorities of BHP Billiton’s CEO Marius Kloppers

What are the things the CEO of the world’s largest mining company is doing? What keeps BHP Billiton’s CEO Marius Kloppers awake at night? What are the categories of his “To Do”-list? An analysis of […]

China seals African platinum deal

“China is set to make its second largest investment in Africa outside the energy sector by ploughing $877m into South Africa’s platinum industry. The agreement signed last week adds intensity to China’s ambitious drive to […]

Bellzone Mining confirms MOU with China International Fund (CIF)

“Shares in Bellzone Mining surged 60 percent yesterday morning on London’s AIM market, following the announcement of a 50/50 joint venture with CIF for the 2.4 billion ton JORC magnetite Kalia Iron Project in Guinea, […]

Norilsk Nickel back on to solid ground

“When former KGB officer and state tourism chief Vladimir Strzhalkovsky was appointed chief executive of Norilsk Nickel more than a year ago, investors worried about his lack of experience in the mining industry. But the […]

Mining groups target West Africa / A richer seam

The Financial Times published two articles this week on the increasing impact of international mining companies in Africa. The combination of articles provides a good insight into the political sensitivity and the importance for the […]

Vertical integration in mining: the trader’s value chain

Vertical integration has been a significant driver of acquisitions in the mining industry in the past decades. As steelmakers and other mineral processers were trying to secure supply of resources, they increasingly decided to buy […]

Peabody’s bid for Macarthur collapes

“Peabody Energy’s plan to acquire Macarthur Coal for A$3.8bn (U$3.3bn) has collapsed after the Australian miner yesterday said it could not recommend a revised takeover offer that was unlikely to win support from its two […]

Steel chief predicts miners will lose advantage

“Quarterly iron ore supply contracts that are set to drive up the price of mass-market products such as cars, are not necessarily permanent, a leading steel industry executive has claimed. Wolfgang Eder, chief executive of […]

Delhi to target mining groups with ethics law

“India plans to make corporate social responsibility obligatory for mining companies in reaction to concern over pollution and rebel violence. Santha Sheela Nair, the secretary at the mines ministry, said yesterday the draft Mines and […]

Gold hits fresh record on inflation fears

“… in the commodities market, gold and silver prices soared on strong investors demand. The rally has been supported by a rush of demand for coins and small bars from European investors, particularly in Germany, […]