Indonesia's top copper miner hopes next month to ramp up production and restart concentrate shipments from Grasberg, one of the world's largest copper mines.
About $500 million of exports a month have been halted in Southeast Asia's biggest economy because of the minerals dispute.
The shipments, the first of their kind in six months, were allowed after Sebuku Iron Lateritic Ores (SILO) and Lumbung Mineral Sentosa agreed to pay the new 20% tax.
Authorities are is planning to send a letter to the Colorado-based miner saying that it has defaulted on its contract and, therefore, is “negligent."
As BHP considers the sale of almost all of the businesses that Billiton brought to the 2001 merger deal, experts say the firm is likely to end up leaving London.
The transaction would be worth over $2 billion.
Newmont, instead, was called to return to the negotiation table or face the consequences.
Sale of Candelaria mine could raise several billion dollars, according to people familiar with the matter quoted by WSJ.com.
The parts agreed on basic framework for contract renegotiations for Grasberg mine.
World's largest mining company said to be unloading all of the non-core units acquired after the merger with Billiton 13 years ago.
ENRC was delisted from the London Stock Exchange after the largest investor backed the founders' US$4.5 billion takeover last year.
The two used to be joined at the hip, but now one or the other has lost touch with reality.
Especially the mooted $19 billion valuation.
The separate company would be listed on the London Stock Exchange, as well as the Australian and South African markets.
The steep, last minute metal concentrate tax slapped on copper miners has brought exports to a standstill.
Analysts said Baja is done.
The pros and cons of extraction from the seabed.
Another African nation has fallen victim of belt-tightening at the world's number one miner.
More stringent environmental enforcement and a shift of resources to regions.
Baja Mining Corp. is pleased to announce that it has been informed by Minera y Metalúrgica del Boleo, S.A.P.I. de C.V. , which is now controlled by members of the Korean Consortium, that a portion of MMB's 2010 project financing facilities provided by the Export-Import Bank of the United State to MMB has been renegotiated.
Global credit rating firm Standard and Poor's (S&P) downgraded Wednesday its outlook on Anglo American PLC (LON:AAL) to negative from stable as a result of growing concerns about the effects of South Africa’s mining strikes on the company's mining operations and on the wider economy.
Nautilus Minerals shot up 9.5% on Wednesday as investors digested the maiden mineral resource estimate for the company's polymetallic nodule project in 4-6km deep water in the central Pacific Ocean.
Worm composts are not just for kitchen waste, since the bugs also happen to be good at absorbing heavy metals, according to a study by the International Journal of Environment and Waste Management. An earthworm vermicompost is effective at removing …
The JVs dates back to October 2009 and AngloGold spent approximately $5.7 million on exploration at Ndjole-Mevang and $3 million at Ogooue.
Jupiter Mines, headed by former BHP Billiton chief Brian Gilbertson, has announced plans to raise AUD$125 million for the expansion of South African and Western Australian resource projects.
A UK Labour MP has moved an “early day motion” in the House of Commons seeking a debate on mining in the Indian state of Goa, calling upon the British government to urge local authorities to address the issue as a matter of urgency.
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