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Tax breakthrough at Rio Tinto's Mongolia copper mine -source

By: Reuters     Updated 38 minutes ago Rio Tinto and Mongolia have made a breakthrough in a tax dispute that has been among issues stalling development of the $6.5-billion Oyu Tolgoi copper mine, according to an official familiar with the government's position. Disputes over costs and taxes have delayed an expansion of the mine that... 

KIOCL prodded to form alliances to participate in iron-ore auctions

By: Ajoy K Das     Updated 58 minutes ago India’s Steel Ministry has proposed that KIOCL, formerly Kudremukh Iron Ore Company Limited, should ally with other government-owned mineral and metal companies to bid for iron-ore resources. According to an official in the Steel Ministry, having been unsuccessful in securing captive iron-ore... 

QRC welcomes probe into in fly-in, fly-out practice

By: Esmarie Swanepoel     Updated 1 hour 1 minute ago The Queensland Resources Council (QRC) has expressed hopes that a new state Parliamentary enquiry into fly-in, fly-out (Fifo) work practices would result in an evidence-based foundation for future policy. In her recent election campaign, now Premier Annastacia Palaszczuk launched plans to... 

QRC welcomes probe into in fly-in, fly-out practice

Magnis secures binding term sheet for Tanzania project funding

By: Esmarie Swanepoel     Updated 1 hour 3 minutes ago ASX-listed junior Magnis Resources has inked a binding term sheet with offtake partner China National Nonmetallic Minerals Industrial Limited Corporation (Sinoma) for $150-million in funding to advance the Nachu graphite project, in Tanzania. The funding would cover the engineering, procurement,... 

CRG shares fall as MoU due diligence deadline extended

By: Natasha Odendaal     Updated 1 hour 8 minutes ago Shares in dual-listed Central Rand Gold (CRG) plunged nearly 13% on Tuesday morning after the company announced that the deadline for the sale of its Netherlands-based subsidiary would be shifted to accommodate the completion of due diligence. Prospective suitors Hiria, Shengbang Jiabo... 

CRG shares fall as MoU due diligence deadline extended

Triton teams up with AMG in Mozambique graphite search

By: Esmarie Swanepoel     Updated 1 hour 26 minutes ago Graphite hopeful Triton Minerals has formed a strategic alliance with diversified critical materials company AMG Mining AG to hunt for graphite opportunities in Mozambique. The two-year alliance would see the two parties collaborate on the exploration, identification and development of graphite... 

Ascot gets approval for Wonmunna plans

By: Esmarie Swanepoel     Updated 1 hour 28 minutes ago The Western Australian Department of Mines and Petroleum has given its approval for the proposed development and mine closure plan at the Wonmunna iron-ore project, owner Ascot Resources announced on Tuesday. Along with the native vegetation clearing permit, which was granted last October, the... 

Galaxy resumes trading at Jiangsu sale moves forward

By: Esmarie Swanepoel     Updated 1 hour 30 minutes ago ASX-listed Galaxy Resources resumed share trading on Tuesday, with the company announcing that all conditions precedent to the sale of its Jiangsu plant had been satisfied. In February, Galaxy revised its sales agreement with China’s Sichuan Tianqu Lithium Industries for the Jiangsu lithium... 

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