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.
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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.
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.
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.
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."
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.
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.
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...
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.
