Weak debut for Chinalco Mining
(16 mins ago) China's Chinalco Mining Corporation (3668) fell more than 11 percent on its Hong Kong trading debut today after raising US$397 million in the city's first major initial ...
View ArticleWuhan Iron to buy more overseas mining assets
(Group) Corp, China's fourth-largest steelmaker by output, said it will boost investment in overseas iron ore mines and plans to achieve 100 percent iron ore self-sufficiency in three to five ...
View ArticleTropicana on schedule for Dec Q start
PERTH (miningweekly.com) - Gold miner AngloGold Ashanti on Thursday said that its 70%-held Tropicana project, in Western Australia, remained on schedule to start production during the December ...
View ArticleMerafe warns of lower full-year earnings
JOHANNESBURG (miningweekly.com) – Ferrochrome producer Merafe Resources on Thursday warned shareholders that its basic earnings a share for the year ended December 2012 would be lower than ...
View ArticlePower increases have been pushed to the limit - SA Mining Chamber
South Africa's Chamber of Mines says platinum and gold miners have seen electricity price increases of 258% and 143% respectively over the last four years, adding about R7bn in ...
View ArticleIron ore seen weak on lean Chine...
Spot iron ore prices may be headed for more weakness this week amid lean demand from top buyer China, although expectations of tight supplies during the first quarter should keep losses in check. ...
View ArticleChinese mining giant plunges following Hong Kong IPO
Chinalco Mining Corporation (HKSX:3688) plunged over 11% following it's debut on the Hong Kong Stock Exchange on Thursday. The first major IPO in Hong Kong for 2013 managed to raise a total of ...
View ArticleAustralias Metrocoal offers Indias NTPC mining venture
- Given the uncertainty over the supply of coal in India, public sector power producer NTPC has initiated talks with Australian coal mining major MetroCoal to acquire a 50% stake in one of its mega ...
View ArticleKibali to create economic value for entire DRC – Bristow
JOHANNESBURG (miningweekly.com) – The Kibali gold project currently being developed by Randgold Resources in the Democratic Republic of Congo, would bring lasting economic benefits to the ...
View ArticleNew phase 6 coal terminal on cards – RBCT
said on Thursday. Siwisa told the IHS McCloskey South African Coal Exports Conference that RBCT was in talks with State rail company Transnet to increase the capacity of the terminal from the ...
View ArticleBC First Nations Energy and Mining Council - Agreement Announcements
http://fnbc.info/fnemc ) will host a session at the AMEBC Mining Roundup to announce a number of agreements between First Nations and mineral exploration ...
View ArticlePotashCorp Reports Fourth-Quarter Earnings of $0.48 per Share
SASKATOON, Jan. 31, 2013 /CNW/ - Potash Corporation of Saskatchewan Inc. (PotashCorp) today reported fourth-quarter earnings of $0.48 per share ($421 million), which compared to $0.78 per share ...
View ArticleMontana Exploration Corp. announces strategic financing with McIntyre...
Jan. 31, 2013 /CNW/ - Montana Exploration Corp. ("Montana") is pleased to announce that it has entered into a definitive Investment Agreement with Wolseley Ventures Limited, an affiliate ...
View ArticleDevelopment update for New Liberty Gold Project - early works construction...
Jan. 31, 2013 /CNW/ - Aureus Mining Inc. ("Aureus" or the "Company") is pleased to provide an update for the early works construction and development program at the ...
View ArticleDominican Republic mining boom stokes contract revision talks
Santo Domingo.- As talk of revising Dominican Republic's mining contract wit Barrick Gold intensified when the Senate joined the Chamber of Deputies' position yesterday, the Mining Agency ...
View ArticlePro-uranium mining bill appears headed for defeat
Sens. A. Donald McEachin, D-Henrico and Frank M. Ruff Jr., R-Mecklenburg, both of whom sit on the committee and oppose the bill, said they expect Watkins to move to strike the measure today before ...
View ArticleAvnel and IAMGOLD agree exploration extension
Jan. 31, 2013 /CNW/ - Avnel Gold Mining Limited (TSX: AVK) - Avnel reports that it and IAMGOLD Corporation have agreed to extend the Exploration Phase under the Option Agreement between Avnel and ...
View ArticleBooyco to introduce new CWS
Booyco Electronics, an electronic safety equipment specialist, is about to introduce a new generation state-of-the-art collision warning system (CWS) that managing director Anton Lourens said will ...
View ArticleBusiness outlines economic jobs risks of further power price shocks
The electricity price increases being sought by Eskom would cause serious economic damage at a time when South Africa’s immediate growth outlook was already weak and could bring a number of key ...
View ArticleOxford releases X-MET7000 eXpress
Oxford Instruments has launched the X MET7000 eXpress, a faster handheld X-ray fluorescence (XRF) analyser for high performance measurement. The company said that the X-MET7000 eXpress delivers the ...
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