Iron ore company shelves plans for Wisconsin mine
The company proposing to build a huge iron ore mine in northern Wisconsin has taken steps to withdraw from the project, the Duluth News Tribune reported on Monday night.
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Lua no more: Australian ports dodge storm bullet
Australian ports lying in the path of cylone Lua are resuming operations after the category four storm raced across the northwest coast of Australia over the weekend.
India working on mining tax
An Indian government task force comprising representatives of steel, mines, forest and environment ministries was working on modalities for levy of a Forest Development Tax (FDT) on minerals mined from forested regions.
Copper gains for 2nd day as Greece default woes ease
London copper edged higher for a second straight session on Tuesday after an orderly auction of Greek default insurance eased concerns about Greece's threat to the euro zone and eroded safe-haven support for the dollar.
Iron ore demand will double by 2030: RMG
The global demand for iron ore will double over the next 18 years driven primarily by China's and India's appetite for steelmaking.
Rockwell restructures BEE deal, acquires new mine
TSX- and JSE-listed Rockwell Diamonds on Monday reported the successful completion of “robust” negotiations with black economic-empowerment (BEE) partner Africa Vanguard Resources (AVR) following a restructuring of the deal.
Peru’s gold output hits 6-month high on gains by Newmont
Peru's gold production reached 6-month highs on gains by Newmont Mining, one of the country's top miners, Bloomberg reports.
Zambia threatens to pull exploration licences; First Quantum, BHP among 400 companies affected
More trouble is looming on the horizon for First Quantum Minerals and other companies operating in Zambia.
Ecuador on the verge of closing second large-scale mining deal
Ecuador’s government and Canada’s Kinross Gold could sign an agreement in June to develop the long-delayed “Fruta del Norte” gold project, the country’s largest mine, reports local newspaper El Telégrafo.