Two powerful Australian unions have joined forces to try to take on Rio Tinto at its iron ore mines.
South African police are braced for possible violence ahead of Monday's back-to-work deadline for striking workers at Lonmin's flagship platinum mine, where 44 people died in labour strife last month, most of them at the hands of police.
Mick Davis, Xstrata chief executive, is likely to receive a payoff of at least £8m and could cash in company shares worth up to £30m if Glencore's bid for the miner succeeds.
Colombian coal workers voted on Saturday to strike over pay and working conditions at the 3-million-tonne-per-year La Jagua mine of Glencore's Prodeco unit, a union said. Colombia is the world's fourth-largest coal exporter and Glencore's La Jagua - one of the mining concessions it owns in the nation - has some of the country's highest quality coal.
Economic data last week from around the world have dampened the demand outlook for basic resources.
Koch Industries' Canadian energy division has put interests in several Alberta oil sands properties on the auction block, adding to a growing list of opportunities for developing the massive resource being shopped to potential bidders.
Reuters reports iron ore shipments to Chinathrough Australia's Port Hedland rose modestly in February compared with January, according to data released by the port authority, suggesting steady demand from the world's largest steel industry after signs of a weak start to 2012.
The world's biggest miner, BHP Billiton (Hamburg: BHP1.HM - news), said Wednesday the planned blockbuster merger between Glencore and Xstrata (Dusseldorf: XTR.DU - news) would not impact on its strategy.
Russia's second-largest lender VTB has bought a 20 percent stake in Metalloinvest, the country's largest iron ore miner part-owned by Alisher Usmanov, one of Russia's richest men.
African Barrick Gold said it will fall short of its 2011 production target because of escalating power disruptions to national grid electricity supply in Tanzania.
China, the world's biggest consumer of iron ore, is still hopeful that major foreign suppliers will change the way they set their prices, Zhu Jimin, chairman of the Shougang Group, one of the country's biggest steel producers, said on Sunday.
Global iron ore prices, down nearly 30 percent since early September, could take months to recover as Chinese steel mills work off inventories, Australian miner Fortescue Metals Group said on Wednesday
FIX PREV FIX PLATINUM 1521.00 (1495.00) dlrs PALLADIUM 598.00 ( 588.00) dlrs per troy ounce
Mongolia's quest to renegotiate a 2009 deal to develop the giant Oyu Tolgoi copper-gold deposit might create a crisis of trust for foreign investors, but analysts said the decision could help it
BAKU, Sept 22 (Reuters) - Anglo Asian Mining (LSE: AAZ.L - news) plans to start work at the Gosha gold mine in Azerbaijan in the second half of 2012 after the successful launch of production at the neighbouring Gedabek mine, the company said in a
The Mongolian government is discussing possible changes to a 2009 investment agreement for the massive Oyu Tolgoi copper-gold deposit, media reports quoted Mongolia's finance minister, S. Bayartsogt, as saying Tuesday. The 2009 deal gave a 66 percent stake in the multibillion-dollar Oyu Tolgoi project in Mongolia's South Gobi region to the Canadian miner Ivanhoe Mines (Toronto: IVN.TO - news) , in which mining giant Rio Tinto now owns a 48.5 percent stake. The government has the remaining 34 percent stake.
WINDHOEK, Sept 20 (Reuters) - Management at Rio Tinto (Berlin: CRA1.BE - news) 's Rossing Uranium mine in Namibia will meet with unions on Tuesday in a bid to avoid a strike over production incentives that could hurt output at one of the world's largest
Peru's leftist government presented a bill to Congress on Wednesday that aims to increase mining taxes to fund anti-poverty projects.
LONDON, Sept 13 (Reuters) - Glencore subsidiary Kazzinc has commissioned a new copper smelter at its New Metallurgy project in Kazakhstan and will complete a lead smelter at the same project in the first half of next year, bringing its investment to $875
Guinea's parliament adopted a new mining code that more than doubles the share the West African state can take in mining projects to 35 percent and toughens procedures for acquiring development permits, the government said on Saturday.
FIX PREV FIX PLATINUM 1866.00 (1877.00) dlrs PALLADIUM 761.00 ( 766.00) dlrs per troy ounce
Is platinum now a better bet for investors than gold? Many seem to think so. Gold prices have soared by 32pc this year, as investors sought a safe haven from the global debt crisis. However, some argue that gold is in a bubble fuelled more by speculation.
Firestone Diamonds plc ("Firestone" or "the Company"), the AIM-quoted diamond mining and exploration company (ticker: AIM:FDI), announces that at the general meeting of the Company (the "GM (NYSE: GM - news) ") held earlier today, all resolutions were duly passed.
Romanian Environment Minister Laszlo Borbely said Tuesday that a Canadian gold mine project would be given the green light only if it drops the proposed cyanide level in its tailings pond.
Chinese state-owned energy giant China Power Investment Corporation plans to invest six billion dollars to develop bauxite production in Guinea, the world's largest exporter of the main source of aluminium, a senior executive said here Saturday.