September 28, 2012

Norilsk Nickel approves capex cuts for 2012

MMC Norilsk Nickel has announced that the company’s board of directors has approved a reduction in investment expenditure for 2012, as proposed by the management.

September 28, 2012

Russia boosts titanium and magnesium production

According to Russia's federal statistics agency, the country's output of raw titanium rose by 31.8% during the first eight months of 2012.

September 28, 2012

SGS Announces Geochemistry Sample Preparation Facility in Myanmar

The Yangon facility continues to expand the reach of SGS’ unmatched geochemistry network. Samples will be prepared in-country and delivered as pulps to SGS’ existing laboratories in the Asia Pacific…

September 28, 2012

Metso has obtained EUR 400 million of new long-term funding

Metso Corporation issues an EUR 400 million 7-year Eurobond under the company's EMTN (Euro Medium Term Note) program. The notes carry a fixed coupon of 2.75 percent. The issue was…

September 28, 2012

Rio Tinto-OMC $2 billion join venture to be shelved

A 17-year-old agreement to develop about $2 billion worth in iron ore deposits between, mining giant Rio Tinto and state-own Odisha Mining Corporation , is about to be nothing but…

September 28, 2012

Global Mining Industry Participates at Ritchie Bros. US$76 million Grand Opening auction in North Carolina

Mining equipment highlights included more than 60 Caterpillar D11 crawler tractors sold-the first time in the world a selection like this is sold in one day

September 28, 2012

$1.5 million gigantic diamond unearthed in Russia

A jaw-dropping 158.2-carat diamond worth over $1.5 million, which was discovered in Russia early this month by Alrosa, was shown to the public for the first time Thursday.

September 28, 2012

Risks for oil and mining companies rising in Colombia – report

Colombia's booming mining and oil industries are likely to be the centre of terrorist attacks over the coming months as soldiers and guerrillas fight on the battlefield, while their delegations…

September 28, 2012

NASA takes asteroid mining seriously; funds viability study

Only five months after Google’s billionaire co-founders and filmmaker James Cameron officially launched their asteroid mining focused Planetary Resources company, the U.S. National Aeronautics and Space Administration (NASA) is funding…

September 28, 2012

India initiates 4 of 19 new nuclear projects

State-run Nuclear Power Corp. of India Ltd. plans to raise almost $4 billion to set them up.