review Mining News

U.S. Department of Justice clears Cat acquisition of Bucyrus

The United States Department of Justice (DOJ) has closed the investigation into Caterpillar Inc.’s planned acquisition of Bucyrus International and cleared Cat to move forward. The DOJ action, in addition to the expiration of the Hart-Scott-Rodino Act waiting period, concludes the antitrust review process in the United States. Read more

Gemcom CPD courses endorsed by Geological Society of London

LONDON, U.K. – June 28, 2010 – Gemcom Software International Inc., the largest global supplier of specialised mining productivity solutions, today announced that the Geological Society of London has issued Continuing Professional Development (CPD) endorsements […]

Massive outcry against new 40% Australian national mining tax – Xstrata, BHP and many others speak out about the damage to mine development

Dr Ian Gould, Chairman of the South Australian Minerals and Petroleum Experts Group has described the Henry Tax Review’s super tax on resources as a potentially unsuitable cyclical underwriter of Australia’s future health and retirement expectations. “Handled poorly, the super tax will mean Australia’s overall sovereign risk rating will fall, even if South Australia remains the best [...]

Minmetals could restart Avebury nickel mine

The Chinese firm is conducting a review that could lead it to restart the Australian mine it shut because of the financial crisis.

Rio Tinto Terminates Employment Of Convicted Staff

Rio Tinto said Monday that in accordance with its company policies, it will terminate the employment of the four Shanghai-based employees convicted of bribery and spying charges, saying in a statement the evidence it had reviewed in relation to the bribery charges pointed to "deplorable" conduct that was "at odds" with its ethical culture.

Some green shoots for copper and its not oxidation

International Mining is just finalising its annual review of developments in copper extraction and in its latest examination of the copper market Aurubis is sounding cautiously bullish and says “copper cathodes could be in short supply after the summer break if the order intake picks up further.” www.aurubis.com

METSO’S INTERIM REVIEW, JANUARY 1 – JUNE 30, 2008 Emerging markets and services business driving Metso’s growth

Q2 was in line with our expectations. Net sales grew 6% and totaled EUR 1,633 million. EBIT was EUR 155.2 million, i.e. 9.5% of net sales and earnings per share were EUR 0.72. We expect the H2 net sales and operating profit to be clearly better than in the H1.

Anglo American reviews Zimbabwe mine options

Anglo, responding to a U.K. newspaper article saying politicians and investors have condemned Anglo for investing in Zimbabwe, said it condemned violence and human rights abuses in the country.

Embedding sustainability for enduring project value

Susanne Cooper and Nick Fleming* of SKM note that “sustainability is not just a political buzz word used to satisfy the concerns of stakeholders or environmentalists; it is critical to the success and longevity of […]

Gemcom Software Announces Pala Investments Holdings Limited To Participate In Buying Group

Vancouver, Canada – June 13, 2008 – Gemcom Software International Inc. (TSX:GCM), the largest global supplier of specialised mining productivity solutions (the “Company” or “Gemcom”), announced today that, after having completed its due diligence review […]

Gemcom Announces Fiscal 2008 Year-End Results

Total Revenue Up 51%; Net Income up 47% on a Year-Over-Year Basis Vancouver, Canada – June 9, 2008 – Gemcom Software International Inc. (TSX:GCM), the largest global supplier of specialised mining productivity solutions, today announced […]

Gemcom Software Announces Increase in Acquisition Purchase Price

Vancouver, Canada – June 8, 2008 – Gemcom Software International Inc. (TSX:GCM), the largest global supplier of specialised mining productivity solutions, (the “Company” or “Gemcom”) announced today that an acquisition vehicle controlled by JMI Equity […]

McIntosh Engineering has signed a letter of intent to join Stantec

It gives us great pleasure to announce that McIntosh Engineering has signed a letter of intent to join Stantec, a professional engineering and design services firm with approximately 9,000 employees, operating out of more than […]

Australian iron ore miners likely to win 85 pct rise in contract prices – report

SYDNEY (Thomson Financial) – Australian iron ore miners are likely to win a price rise of up to 85 percent for ore sold under contract to Chinese steel makers, The Australian Financial Review reported on […]

Smelter developer unphased by talks of SA reviewing energy-intensive projects

World number-one aluminium producer Rio Tinto Alcan said on Monday that the task team looking into the timing of its planned aluminium smelter at Coega was making good progress, and that the firm still viewed South Africa as a 'good place to do

Gemcom Software Announces Agreement To Be Acquired By JMI Equity And The Carlyle Group

Shareholders to Receive C$2.90 in Cash per Share; Transaction Valued at Approximately $180 Million Vancouver, Canada – May 7, 2008 – Gemcom Software International Inc. (TSX:GCM), the largest global supplier of specialised mining productivity solutions, […]

Metso Corporation Interim Review on April 24, 2008: First quarter profitability improved. Full-year growth and profitability guidance intact.

Highlights of the first quarter New orders worth EUR 1,509 million were received in January-March (EUR 1,664 million in Q1/07). At the end of March, the order backlog was EUR 4,340 million (EUR 4,341 million […]

Australian technology to underpin $1.4 billion coal-gas project in US

Australian-based clean coal energy technology developer, GTL Energy, has been selected by a North American energy consortium to provide its coal beneficiation technology to the proposed $1.4 billion South Heart coal-to-synthetic gas project in North Dakota. Under a Memorandum of Understanding, project partners, Great Northern Power Development (GNPD) and Allied Syngas Corp, said GTLE’s beneficiation technology [...]