MINING.COM Staff Writer

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Inmet, Lundin shareholders given two more weeks to review Equinox bid

Shareholders of Lundin Mining Corp. and Inmet Mining Corp. will have two more weeks before they are asked to vote on a friendly merger of the two entities. Canadian Press said the posptponement of the shareholder meetings, from March 14 to March 28, was decided on the weekend after a hostile takeover bid was announced last week by Equinox Minerals: The reason for the postponement is to allow time for shareholders to receive and review the recommendation of the board of directors in relation to the Equinox (TSX:EQN) bid, Lundin said Sunday in a news release.

Thousands stranded after landslide, but mine still operational: Freeport McMorran

A landslide Saturday near Freeport McMorran's Grasberg mine left thousands of workers stranded, but was not expected to impact operations at the world's largest copper mine, a company spokesperson told Reuters: A weekend landslide buried a key road access tunnel to Freeport-McMoRan Copper & Gold Inc's Grasberg mine in Papua, Indonesia, leaving thousands of workers stranded, but a company spokesman said operations were continuing as normal. Freeport is the world's largest publicly traded copper miner, while Grasberg has the world's largest recoverable reserves of copper and the largest gold reserves.

Last coal plant in US Pacific Northwest to shut down starting in 2020

The last coal-fired power plant in the Pacific Northwest will shut down completely by 2025 under an agreement announced Saturday by Washington Gov. Chris Gregoire, says a report by the Los Angeles Times. The first boiler of TransAlta's 1,460-megawatt plant in Centralia, Wash., is set to go offline in 2020 and the second in 2025. “This agreement is sending a message that states are getting serious about combating global-warming pollution and are taking steps to open up markets for home-grown clean energy,” said Bruce Nilles, deputy conservation director with the Sierra Club, whose Beyond Coal Campaign has been involved in the negotiations. Nilles hinted at the breakthrough during a keynote speech at the Public Interest Environmental Law Conference in Eugene, Ore., but commented only after the announcement.

PotashCorp’s Allan mine in expansion mode

The increase in the demand for potash, along with higher prices, is fuelling an expansion of PotashCorp's Allan mine in Sasatchewan, The Star Phoenix reports. The $550 million expansion began in 2009 and is expected to push production at the site from two million to three million tonnes per year by 2012: “Over the last two decades the potash industry has been fairly stable, it had plateaued,” said Larry Long, general manager of the Allan mine. “Now with all the influx of orders for potash, the market has expanded quite a bit, countries all over the world are using our product at a higher rate, so we are in a position where we have to expand to meet the demand.
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Food security is national security: Potash gets ready for a closeup

The Department of the Interior released a draft 2025 list of 54 minerals critical to the US economy, including potash.
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