Vedanta Resources’ chairman Anil Agarwal allegedly approached Anglo in several opportunities earlier this year to discuss potential tie-ups.
Jobs Mining News
Imperial, Canada’s No.2 integrated oil producer and refiner, posted a surprise $181-million loss in its second quarter.
The miner said its turnaround plan was “on track” as it slashed debt and beat earnings forecasts in the first half of the year.
The company gave 27 University of Toronto mining engineering students a firsthand look at the industry.
The British Columbia-based firm expects to hire approximately 500 full-time employees in the near future.
Overall, Canadian deal-making in the first half of the year fell in line with the global cooling down trend that has followed the record valuations of 2015.
The government will maintain 1.4 billion pula ($130 million) of annual spending on state-owned BCL for now.
The class action the firms want to appeal paves the way for thousands of current and former miners suffering from silicosis and tuberculosis to seek damage compensation from the companies.
The company has set Jan. 3 as the restart date for the mine, but that may change based on market conditions.
Queensland has released a final report into the re-emergence of coal worker pneumoconiosis, which confirms that a health screening system thought to protect underground coal workers has failed.
Bringing back all of that equipment and personnel is no easy task.
South Africa's mining sector is facing the most serious challenge for many years demonstrated by mounting job losses.
Red metal production at the copper-uranium mine is expected to hit around 230,000 tonnes by 2021, but there is potential for up to 450,000 tonnes per year.
Alpha, which filed for bankruptcy in August last year, is scheduled to ask a federal judge Thursday to approve its exit plan despite objections to it.
The Blair Athol mine, closed in 2012, would be the second Australian coal asset in a year to be sold for just A$1.
Report claims that Walter Energy, Patriot Coal, Alpha Natural Resources, Arch Coal and Peabody Energy also allocated more than half a billion dollars for top executives salaries in decade before going bankrupt.
It will raise its annual exploration spending by 29%, allocating nearly all its $900 million budget to finding new copper and oil deposits in the fiscal year beginning next month.
If the class action goes ahead, it will affect almost every gold mine in South Africa, including their parent companies, covering their conduct over the last 50 years.
Andrew Harding, once tipped as the most likely person to take the company’s reins, is being replaced by Chris Salisbury, currently leading the copper and coal division.
The East Energy pipeline is expected to generate $55 billion in economic benefit for Canada and create over 3,300 operational jobs across the country.
The company's Bayan Khundii project went from greenfield prospect to the company’s flagship asset in roughly nine months.
The company aims to replant forests along old access roads and seismic lines in an area covering 3,900 square kilometres — more than 10 times what it accomplished through its early-stage work.
The mining giant is said to have hired Goldman Sachs as an adviser to look at a two-step wrap-up of the Vancouver-based firm.
First time a country partners with privates to boost the development of the industry.
About 118 staff members have been moved to nearby Wabasca by bus and helicopter as a precaution.