MINING.COM

Rio Tinto to invest a further US$3.4 billion in expansion of iron ore operations in Western Australia

Rio Tinto has committed a further US$3.4 billion (Rio Tinto share $2.9 billion) to the major expansion of its Pilbara iron ore operations in Western Australia.

Rio Tinto | February 8, 2012 | 7:39 am

BHP H1 earnings up 8% on record iron ore, gas production

BHP Billiton raked in US$18.7 billion in the half-year ended December 31, 2011 — an 8.3% increase in Underlying EBITDA from the second half of 2010.

Andrew Topf | February 8, 2012 | 12:21 am

Chinese companies hurling headlong into Sunshine Oilsands IPO

Reuters reports that sovereign wealth fund China Investment Corp (CIC) and state oil company Sinopec are among three cornerstone investors that will pledge $350 million towards Sunshine Oilsands Ltd's Hong Kong IPO.

Andrew Topf | February 7, 2012 | 11:24 pm

Nevsun shares plunge 30% after slashing 2012 guidance

Shares in Nevun Resources Ltd. fell off the cliff this morning after the company issued a press release saying its 2012 production estimate from its Bisha copper-gold mine in Eritrea is half of what the mine produced in 2011.

Andrew Topf | February 7, 2012 | 8:25 pm

Panoramic Resources confirms hostile bid for competitor Magma Metals‎

ASX and TSX-listed Magma Metals (MMW) announced today the appointment of advisers in respect of the unsolicited proposed $40 million takeover offer for Magma by nickel miner Panoramic Resources Limited.

Cecilia Jamasmie | February 7, 2012 | 2:31 pm

Xstrata and Glencore to close $90bn merger

After months of speculations and secret negotiations, Xstrata PLC (LON:XTA) and Glencore International PLC (LON:GLEN) have formally announced an all-share merger that would create a $90bn giant named "Glencore Xstrata International PLC."

Cecilia Jamasmie | February 7, 2012 | 1:44 pm

New uranium mine in India slated for April startup

The Hindu Business Line reports the Tummalapelle uranium mine in the YSR district of Andhra Pradesh, India, will be commissioned by early April.

Andrew Topf | February 7, 2012 | 7:18 am

1.5 million carats on the block at Zimbabwe diamond auction

Up to 1.5 million carats worth of diamonds are being auctioned this week by companies allowed to mine the controversial Marange diamond fields in Zimbabwe.

Andrew Topf | February 7, 2012 | 6:45 am

Hellenic Copper utilising Hitachi fleet in Cyprus

Two large Hitachi excavators are bringing advanced technology to an ancient copper mine in Cyprus. The ZX870LCR-3 and ZX470LCH-3 have been working at the site, which dates back more than 4,000 years, since early 2011. Cyprus was the main source for the...

International Mining | February 7, 2012 | 6:01 am

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