Sandvik will implement a new shared service delivery model for parts of its transactional finance. These improvements are in line with Sandvik’s strategy, where the objective is to simplify processes, utilize group wide synergies and leverage global business opportunities to become a world-class industry leader.

Rumours suggest Rio’s sale of a majority stake in Ivanhoe Australia will trigger a full takeover of the company.

The recent rally in the US$ was more a product of the fall in other currencies than a strengthening of the dollar.

No injuries were reported.

There is an estimated 10,000 immigrants, most of them Chinese, engaged in illegal mining in the African country.

It will supply mine hoisting systems.

Mine life is expected to be 12 years with an output of 55,000 ounces of gold per year.

The government is encouraging more business mergers and forming megacorporations.

Despite a mining licence for the Zhonghe project being issued in Nov. 2012, there have not been any compulsory public discussions.