MINING.COM

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

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