Reuters reported that a dispute between Papua New Guinea and Canada's Nautilus Minerals threatens to sink plans to mine gold and other metals for the first time from the ocean floor. It could also work against efforts by the South Pacific ...
Tags: underwater miner, deposit copper, gold, minerals
The Globe And Mail reported that Inmet Mining Corp.which last month rejected a USD 4.9 billion takeover bid from a Canadian rival has announced a 27% increase in reserves at its massive Cobre Panama copper project in Central America. The ...
Tags: Inmet Mining Corp., takeover bid, copper project, miner, copper demand
THE sharemarket continued its climb yesterday, reaching a 17-month high on positive news from Europe as US politicians inched closer to a deal on the fiscal cliff crisis. Utilities, energy, industrials, telecommunications, materials and ...
Tags: Positive, News Fuels, politicians inched
RARE-EARTHS miner Lynas has scored another win in its list of court battles over its Malaysian processing plant, with key opponents losing an appeal to stop it operating the facility. The Save Malaysia Stop Lynas group had appealed ...
Tags: Court Battle, facility, human health
PTI reported that the Indian steel ministry said that it has initiated the process to constitute a committee for the selection of the chairman for iron ore miner NMDC. Indian steel minister Mr Beni Prasad Verma said in the Lok Sabha ...
Tags: steel, Construction, iron ore miner
The West Australian reported that Fortescue Metals Group is considering selling a small interest in its rail and port infrastructure. Mr Nev Power CEO of Fortescue Metals Group said that the company was in negotiations with potential ...
Tags: Fmg Closer, Construction, Rail, Port Infrastructure
Mining companies and investors including some heavyweight industrial combines in China are pouring into the region in a quest for iron ore, driving a railway building and mining boom whose worth JPMorgan Chase & Co recently estimated at USD ...
Tags: Mining, iron ore, railway, steel production
Anglo Asian will sell 2,500 wet metric tonnes and 550 dry metric tonnes of copper concentrate when available to Glencore. Azerbaijan miner Anglo Asian Mining has unveiled a deal to sell copper concentrate to commodities giant Glencore. ...
Tags: Anglo Asian, wet metric tonnes, dry metric tonnes, copper concentrate
THE Australian sharemarket hit a fresh 17-month high today as US lawmakers inched closer to a deal on the fiscal cliff problem. Utilities, energy, industrials, telecommunications, materials and financial stocks mostly rose despite some ...
Tags: Investor Sentiment, fiscal, cliff problem
Business Standard reported that KIOCL Ltd has evinced interest in setting up a pellet plant in Odisha, to tap huge amount of unsold fines of Odisha Mining Corporation. Mr Malay Chatterjee CMD of KIOCL said that "The setting up of pellet ...
Tags: pellet plant, unsold fines, Odisha Mining Corporation, steel makers
Business Standard reported that the Odisha government recently found itself in a tight spot over the role of its PSU Odisha Mining Corporation in excess production with the opposition pointing out that the state owned miner had extracted ...
Tags: excess production, OMC, coal Mining
Inmet Mining Corporation which last month rejected USD 4.9 billion takeover bid from a Canadian rival has announced 27% increase in reserves at its massive Cobre Panama copper project in Central America. The Toronto based miner said that ...
Tags: Inmet Mining Corporation, Mineral, Cobre Panama copper project
Reuters reported that Europe’s No 2 copper producer KGHM has applied for an exploration license in Kazakhstan to help it reach its long flagged target of 700,000 tonnes of annual copper output by 2018. Mr Herbert Wirth CEO of KGHM ...
Tags: KGHM, Kazakhstan, copper output, Mineral
Business Spectator reported that Fortescue Metals Group Ltd has upgraded the size of the resource deposit at its Iron Bridge project in Western Australia's Pilbara. In a statement to the Australian Securities Exchange, Fortescue said the ...
Tags: FMG, Business Spectator, resource deposit, Iron Bridge project
A consortium of Chinese and South African entities has agreed to purchase the 74.5% interest in South African copper producer Palabora Mining currently held by major miners Rio Tinto and Anglo American. The transaction in which Rio Tinto ...
Tags: copper stake, copper, copper producer, refined copper