The country is fine-tuning details of a new mining law that will make it easier for foreigners to tap the nation’s riches.
The Asian country ranks in the top ten for coal, iron, and gold. It holds vast reserves of copper, it’s a well-known diamonds exporter and holds the 11th largest proven reserves of both oil and natural gas.
More stringent environmental enforcement and a shift of resources to regions.
The South African police service has arrested some 37 miners for public violence near the Kroondal mine operated by miner Xstrata.
In what it shouldn’t come as a surprise for anybody who has been following the news in the last three month, South Africa reported Thursday its mining output dropped 8.3% on the year in September.
Gossan Resources Limited (TSX VENTURE:GSS)(FRANKFURT/FREIVERKEHR & XETRA:WKN 904435) has signed a Letter of Intent (LOI) with East Mining Company SA ("EMC") of Athens, Greece, to investigate and examine the possibilities of acquiring mineral projects within Europe, on a non-exclusive basis, and initially to assess three potential projects in Greece. Additional projects may be pursued.
JOHANNESBURG (miningweekly.com) Commodities trader Metmar has entered into R61.4-million transaction to buy a further 60% of Eastern Belt Chrome Mines, taking the its ownership to 80%, the JSE-listed company said on Monday. Metmar would settle
Azimut Exploration Inc. ("Azimut") (TSXV: AZM) reports excellent results from its 100%-owned Eastmain West property located in the James Bay region,Quebec. Chromium grades up to 39% Cr2O3 and platinum group element (PGE) values up to 1.9 g/t PGE have been obtained within a 4-km-long ultramafic intrusion on the property. These new data further confirm the strong chromium-PGE exploration potential of the project.
In 1751, Axel Fredrik Cronstedt of Sweden attempted to extract copper from the mineral Kupfernickel – today called niccolite. To his surprise instead of copper, he got a silvery white metal he started calling nickel. The name nickel comes from the German language and means Old Nick – which is a name Germans use for the devil – so nickel is “Old Nicks copper” or the “Devil’s copper
Kazakh mining group ENRC (ENRC.L) said underlying profit more than doubled, on record production and demand recovery for its products, and that the global economic outlook is still improving.
Underlying EBITDA jumped 118 percent to $3.19 billion, in line with the consensus, as revenue rose 72 percent to $6.60 billion.
As reported in Republic of Mining, from an opinion piece in The Thunder Bay Chronicle Journal: Thunder Bay Mayor Keith Hobbs is trying hard to position Thunder Bay as the logical location to process chromite from the giant Ring of …
Metso has supplied special, chromium-molybdenum steel mill linings for one 40'x25.5' SAG mill and two 26'x42' ball mills for the expansion of the grinding plant at the Chilean Los Bronces mine, which belongs to Anglo American. Read more
U.S. miner to develop major chromite play in Ontario Chromite is used in the manufacture of stainless steel.
Latest issue of International Mining Project News available (July 17): This issue we cover a wide variety of minerals and metals ranging from the usual batch of iron ore, cobalt, gold, silver, uranium, zinc and nickel projects to oil sands, fluorspar, potash, tin and chromium projects. We also have reports from two diamond projects (one in [...]
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