New research shows inland Chinese steel mills pay a 35% premium over seaborne benchmark with 210mt of steel capacity potentially looking for alternatives.
JSW Steel has almost clinched a deal that would see India's third-largest steel company acquire embattled London Mining (LON:LOND), sources close to the negotiations revealed on Friday.
Energy and Water Development Minister Christopher Yaluma says security wings have managed to trace some illegal gold miners and dealers on the black market in the ongoing investigations.
Underground mining royalties will go up from 6% to 8%; underground taxes now 20%.
The fog hanging over the South African assets of Continental Coal may clear in the next few days in the wake of 'offers' for the mines.
Rockwell Diamonds replaced a lapsed empowerment deal and said it may yield asset growth whilst plans were also afoot to double the firm's mining rate.
The firm mined 93,624 ounces of the yellow metal in the three months to end September and it also maintained its full-year production forecast of 420,000 ounces of gold.
The head of the iron ore division, Andrew Harding, defens Rio's own plans to ramp up ore production.
Investors claim Liberty International Mineral Corporation CEO has cut off all contact with most of the people who invested at least Cdn$18 million in his company.
Anglo's chief warned the company plans to take severe measures over the next two years.
Transaction marks the end of a dreadful venture for the mining giant.
It’s good to be Ivan Glasenberg’s neighbour.
The iron ore miner warned Wednesday that its shares now had "little or no value."
KEFI Minerals (AIM: KEFI), an emerging gold miner with projects in the Kingdom of Saudi Arabia and the Federal Democratic Republic of Ethiopia, is pleased to announce that it has reactivated the Mining Licence Application (“MLA”) for its Tulu Kapi gold project in Ethiopia, which had been suspended in mid-2013 by the previous owner of the asset.
Speaking at a 300-plus delegate event in Germany RPM’s CEO, Mr. Richard Mathews said there is an ongoing productivity Transformation in mining, which is set to challenge conventional thinking.
Mining giant Rio Tinto will face protests around the world on Oct. 7, in a coordinated day of defiance by thousands of its employees.
While BHP gets ready to further expand iron ore output, Glencore's Glasenberg warns the move will make investing in African iron ore a less appealing prospect.
Zambia’s mines minister says the company has not officially communicated the government its intentions as required under the country's law.
The United States is wagging its finger at Zimbabwe, threatening to ratchet up sanctions over a plan to develop a platinum mine involving Russian and Zimbabwean companies.
The company is cutting 169 jobs at the mine.
In response to the widespread devastation caused by the Ebola outbreak in West Africa, BHP Billiton Sustainable Communities has donated US$400,000 to the Pooled World Health Organisation (WHO) Ebola Response fund.
Deutsche Bank warned Friday that gold producers are the most vulnerable to a further spread of the deadly disease.
The Canadian junior has entered into an arms-length definitive acquisition agreement with private South African companies.
Amara Mining will invest $400 million over the next two years to build one of Africa's largest gold mines at its Yaoure property in Ivory Coast with production due to start in 2017.
The standoff marks a major setback for the miner, which is in the process of upgrading its copper assets in Zambia hoping to increase output by at least 50% by 2017.
See how the precious ore is hacked and shovelled from pits and tunnels, while miners deal with the unregulated use of highly toxic mercury.
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