China’s number three zinc miner to acquire Aussie Perilya
Deal that values the mining company at just under A$270 million.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Uruguay approves new mining law, opens reserves to foreign firms
It opens up the country's deposits of iron ore estimated in 2,500 million tons. If mined, Uruguay couldbecome world’s eighth largest iron ore producer.
Top miners to spend $244b in the next two years
BHP Billiton and Rio Tinto seem to believe the recovery has began.
Thousands of South African gold miners on strike
Shutdown in gold production costs the country more than US$34 million a day.
BHP opens coal mine in Queensland despite market challenges
Prices for the fuel used to make steel have been hurting because of low demand and oversupply from rivals.
India cuts gold’s import tax
From US$461to $458 per 10 grams.
Justin Bieber loses $40,000 gold chain at Toronto nightclub
It happened during an altercation with a club-goer.
Bolivia to open bids for world’s biggest iron ore deposit
The Mutún reserve is home to 20 billion tonnes of iron ore.
Ashton Coal’s proposed mine ‘not in public interest’, Aussies say
Hunter Valley residents claim the proposed mine will pollute the environment, damaging other regional industries.
Philex Petroleum closes coal mine, executive quits
Zamboanga Sibugay mine turned out unprofitable.
Savannah nears full ownership of Barroso lithium lease
The Aldeia lease transfer would expand Barroso’s resource base as Savannah targets EU lithium supply and advances permitting.
