November 8, 2012

Norilsk Nickel’s board approves share cancellation

The board of directors of Norilsk Nickel has approved the cancellation of 9.96% of its shares held by the subsidiary NN Investment, top officials of Interros and UC RUSAL told…

November 8, 2012

Australian miners find new ways of getting buzzed

Australian miners in the western part of the country are allegedly turning to a new version of the synthetic drug known as Venom, which is made with chemicals imported from…

November 8, 2012

S. African strikes drop annual mining production 8.3%

In what it shouldn’t come as a surprise for anybody who has been following the news in the last three month, South Africa reported Thursday its mining output dropped 8.3%…

November 7, 2012

Codelco awards OHL $91.2 million contract

Spanish construction company OHL has been awarded a USD 91.2 million contract from Codelco to develop a system to crush, transport, acid cure and stack copper oxides.

November 7, 2012

Kamchatka region to increase gold production by 10% in 2012

Gold production in Russia's Kamchatka region will increase by 10% YoY to 3.1 metric tons (mt) (99,700 ounces) in 2012, the local authorities said.

November 7, 2012

Vale receives authorization for Salobo copper project

Vale announced that it had received an operating license from IBAMA, the Brazilian environmental and renewable resources council, for its Salobo copper mine in Pará.

November 7, 2012

SA mineral resources minister warns mining firms against retrenching workers

South African Mineral Resources Minister Susan Shabangu today warned mining companies against taking "unilateral action" and retrenching workers due to the costs of recent wage hikes for mining employees.

November 7, 2012

Baja Mining granted further standstill extension by lenders

Vancouver-based Baja Mining Corp. (TSX: BAJ) announced this morning that it has landed two extensions of a standstill agreement with lenders to its Minera y Metalúrgica del Boleo S.A. de…

November 7, 2012

Output up 72.4% at Chile’s Escondida copper mine

Production at Chile's Escondida, the world's largest copper mine, was up 72.4% in the third quarter compared with the same period of 2011, said Wednesday the country’s copper commission, Cochilco.

November 7, 2012

Congo to discuss mining code changes with companies

The Democratic Republic of Congo's intentions to increase the government stake in mining projects by 35% will be first discussed with mining companies and also consulted with the World Bank…