MINING.COM

Russian Railways to build $1.7 bln coal line in Indonesia – govt

Russia's state railway firm Russian Railways plans to build a train line to transport coal in Indonesia's East Kalimantan province on Borneo island, with $1.7 billion of investment for a first phase due to be operating by 2017, Indonesia's government said on Tuesday.

Reuters Africa | February 7, 2012 | 4:19 am

Centerra Gold Kumtor Mine work stoppage

TORONTO, CANADA--(Marketwire - Feb. 6, 2012) - Centerra Gold Inc. (TSX:CG) announced that the unionized employees of its Kumtor operation in the Kyrgyz Republic have begun an illegal strike.

Marketwire | February 7, 2012 | 2:49 am

Downer awarded $570 million mining contract

Downer EDI Limited (Downer) today announced it has been awarded a six year magnetite mining contract with Karara Mining Limited (KML) for the provision of services at the Karara Iron Ore Project in Western Australia.

Downer EDI Limited | February 6, 2012 | 10:54 pm

Canadian Orebodies outlines 230m tonnes iron ore at Nunavut property

The Haig Inlet Iron Ore Project contains 230 million tonnes of iron ore at 35.17% iron, a new resource estimate shows.

Andrew Topf | February 6, 2012 | 10:36 pm

EMED Mining jumps 15% as Chinese company backs Rio Tinto mine restart with $30 million financing

EMED Mining (LON:EMED) climbed 14.88% today on news that the company has reached a $30 million funding arrangement with a new Chinese offtake partner respecting its Rio Tinto copper mine in Spain.

Andrew Topf | February 6, 2012 | 10:03 pm

South Africa says no to mines nationalization

The South African government has quashed persistent rumours about nationalizing the country's mining industry.

Andrew Topf | February 6, 2012 | 8:45 pm

Twenty years of drilling for a glimpse of life before mankind existed

Russian scientists, working 24-hours a day in extreme Antarctic conditions, broke through four-kilometres of ice on Monday to reach Lake Vostok, a body of water that has been covered by ice for over 20 million years.

Michael Allan McCrae | February 6, 2012 | 8:41 pm

Rubicon Minerals announces Cdn$200 million bought deal financing

Rubicon Minerals stocks were diving this morning (TSE:RMX) (AMEX:RBY) close to 5 per cent as the Canadian company said Monday that it has agreed to a $200.9 million bought deal financing, with funds to be used for the development of its Phoenix gold project in Red Lake, Ontario.

Cecilia Jamasmie | February 6, 2012 | 4:17 pm

Anglo Pacific taps into Australian iron ore project

Anglo Pacific Group (TSX: APY) (LSE:APF) has agreed today to a proposal with Red Rock Resources Plc to acquire 50% of the Mount Ida 1.5% Gross Revenue Iron Ore Royalty (GRR) currently held by Red Rock Resources.

Cecilia Jamasmie | February 6, 2012 | 3:41 pm

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