December 29, 2011

Chinese company buys $89 million stake in NSW copper mine

A once-abandoned copper mine in New South Wales, Australia is being revitalized through a partnership with a Chinese company.

December 29, 2011

Japan’s preference for higher value diamonds continues

After the pre-holiday season restocking phase in September and October, Japan’s polished diamond imports eased to $62.1 million in November.

December 29, 2011

Seeking to clear its name, Canadian family takes over gold mining company in Ecuador

The Calgary Herald is reporting that a Canadian family running an offshore organization under investigation by police has taken over a gold mining company in Ecuador.

December 29, 2011

Westmoreland announces plan to acquire Kemmerer Mine

Westmoreland Coal Company (NasdaqGM:WLB) announced Tuesday that it has agreed to purchase Chevron Mining Inc.’s Kemmerer mine in the Hams Fork Region of southwestern Wyoming for $179 million plus approximately…

December 29, 2011

Goa’s iron ore continues crossing borders suspiciously

Goa's mining industry, in the last six months, has reported almost 10 per cent of its Iron ore being exported under doubtful circumstances despite being under strict surveillance for illegal…

December 29, 2011

Metals – Brazil – Vale’s Chinamax vessel starts unloading its first iron ore in China

Brazillian firm Vale's (NYSE: VALE) Chinamax vessel started unloading its first iron ore in China on Wednesday after months of uncertainty on accessing its largest market's ports, news service Exame…

December 29, 2011

Sale of Putu Iron Ore Project

Afferro signs definitive sale and purchase agreement to divest interest in the Putu Iron Ore Project for a minimum of US$115 million cash consideration.

December 29, 2011

Legacy Iron Ore acquires 60 pct of Hawthorn

IBTimes reported Legacy Iron Ore (ASX:LCY) is poised to acquire a 60 per cent control in Hawthorn Resources (ASX:HAW).

December 29, 2011

Europe’’s crisis sideswipes precious metals sector

The precious metals that were supposed to provide a haven in times of economic turmoil are rapidly losing their lustre as the year draws to a close.

December 29, 2011

Monadelphous awarded iron ore construction contract

Monadelphous Group has received a notice of award for a contract with BHP Billiton Iron Ore for construction works at its Port Hedland Inner Harbour Project at Finucane Island and…