Newmont plans $3 billion in capex in 2012; copper output expected to fall
Newmont Mining, the world's fourth-largest gold miner, says it plans to spend $3.0 to $3.3 billion on capital expenditures in 2012.
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FLSmidth to supply equipment for a copper mine expansion in South America
FLSmidth has been awarded contracts worth a total of approximately USD 85m (approximately DKK 500m) for equipment supplies to a copper producer in South America.
South African PGM production down 2.7 percent
South African platinum group metal production was down 2.7 percent for the three months ended November 2011 compared with the three months ended August 2011.
Uranium makes a move
After a rough 2011, uranium companies started January looking up.
Australian Wet season impacts Argyle diamond production
The Argyle diamond mine, long a dominant force in the global diamond market saw production drop 14% year on year during the last quarter of 2011.
Race for Australian mine assets heats up
In what is likely to be upbeat year for Australian mining M&A, some large Asian and U.S. companies are ready to bet on the country's coal, iron ore and uranium assets to meet booming demand for power.
Fortescue smashes shipped ore record
Miner Fortescue Metals shipped a record 14.77 million tonnes of iron ore in the December quarter.
Record breaking tunnel will open up access for iron ore to new port in Brazil
The Porto Sudeste tunnel project in Brazil features a 20.5 m wide tunnel and will accommodate four conveyor lines to become one of the widest tunnels of its type globally.
Iron ore expected to fall in 2012 but majors keep cranking it out
The market for iron ore is likely to soften this year but industry leaders Rio Tinto and BHP Billiton are not pulling in production, betting that the slowdown in steelmaking is temporary.
