October 4, 2012

Shanghai PE firm makes $850 million bid for Discovery Metals

A Shanghai-based private equity firm is pursuing a USD$847 million takeover bid for Botswana-focused Discovery Metals (ASX:DML).

October 4, 2012

Rio Tinto to install world’s largest underground automated mining system

Rio Tinto (NYSE:RIO) has plans in motion to install the world's largest underground automated mining system at its Argyle diamond mine in Western Australia.

October 4, 2012

BHP seeks multi-billion dollar stake in Petrobras’ offshore oil fields

BHP Billiton (NYSE:BHP) has entered discussions with Petrobras(NYSE:PBR) to acquire a multi-billion dollar stake in the Brazilian company's Gulf of Mexico oil fields as part of a bid by the…

October 4, 2012

Anglo American CEO appointed chairperson of De Beers

The CEO of diversified mining giant Anglo American (LSE:AAL) Cynthia Carroll has been appointed chairman of venerable diamond miner De Beers.

October 4, 2012

Australia and Mongolia to expand ties in mining sector

Australia and Mongolia are set to expand ties in the mining and resources sector following calls by politicians from both nations for cooperation to be strengthened.

October 3, 2012

$2200 is a realistic target for gold in 2013: Hug

Kitco's head of precious metals Peter Hug says gold prices are on track to hit the $2200 level next year.

October 3, 2012

Protest against Centerra Gold in Kyrgyzstan turns violent

Demonstrators clashed with police and tried breaking into a building housing the parliament and government offices in Kyrgyzstan's capital Wednesday, as they demanded the nationalization of the Kumtor gold mine,…

October 3, 2012

South Africa’s wildcat strikes reach Harmony Gold

South Africa's third-largest gold producer after AngloGold and Gold Fields Ltd., Harmony Gold Ltd. (JSE:HAR), said Wednesday that workers at its Kusasalethu mine embarked on a strike.

October 3, 2012

Rio Tinto to survive the slowdown by making hay

While some miners have ventured in the coffee growing business, others such as mining giant Rio Tinto (LON:RIO) are getting ready to start producing hay.

October 3, 2012

Xstrata increases copper and silver reserves at Argentina’s El Pachon project

Xstrata Copper announced Wednesday a significant increase to the mineral resource estimate at El Pachón copper and silver project in San Juan Province, Argentina.