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Three-party agreement to advance Canadian projects

By: Megan van Wyngaardt     Updated 1 hour 20 minutes ago Canadian mineral resource company Oban Mining has entered into a definitive arrangement agreement with TSX-listed Eagle Hill Exploration, Ryan Gold and Corona Gold, to acquire common shares of each company. Under the arrangement, each holder of Eagle Hill shares would receive ten common Oban... 

Chile copper output rises 2.1% in May

By: Reuters     Updated 3 hours ago Chile, the world number one copper producer, had output of 508 245 t of the red metal in May from the year before, boosted by new projects and operational improvements at an unidentified "important" processing plant, government statistics agency INE said on Tuesday. Copper production increased... 

Mine mechanisation linked to local equipment retains jobs – Jourdan

By: Martin Creamer     Updated 3 hours ago Resource development strategist Dr Paul Jourdan this week called for the local manufacture of mechanised mining equipment to neutralise job losses during the switch to machines. The former Mintek president says that even though mechanisation “massively” increases the quality of work in mines and... 

Mine mechanisation linked to local equipment retains jobs – Jourdan
Photo by Creamer Media
Paul Jourdan

Assore warns of lower FY earnings amid lower iron, manganese prices

By: Creamer Media Reporter      Updated 3 hours ago JSE-listed mining holding company Assore expects its attributable earnings for the year to June 30 to decline to between R1.23-billion and R1.5-billion, from R4.01-billion in the prior financial year. Headline earnings were expected to fall to between R1.7-billion and R2.08-billion, from... 

Outbid in copper, Mick Davis turns to coal to try for X2's first deal

By: Reuters     Updated 3 hours ago X2 Resources, the private equity fund set up by former Xstrata boss Mick Davis, is now in initial bilateral talks to buy some of Rio Tinto's Australian coal assets, two sources with knowledge of the situation said on Tuesday. Davis, whose X2 fund has yet to clinch its first deal, is turning his... 

Polish mining gear maker Kopex going abroad to defy mining slump

By: Reuters     Updated 4 hours ago Polish mining machinery maker Kopex is looking for contracts abroad, bracing for a fall in its 2015 net profit due to a crisis in the local coal sector, its chief executive said. Poland's coal mining giants, which have been Kopex's main clients for years, have minimised their investment spending... 

Hatfield Colliery closure speeds up UK exit from deep coal mining

By: Reuters     Updated 4 hours ago Britain's Hatfield Colliery will stop producing coal with immediate effect after being unable to sell its coal following the sharp rise in the UK's carbon tax, Prospect union said on Tuesday. The closure of the employee-owned mine in South Yorkshire is 14 months earlier than expected. Around 500... 

AngloGold employee killed in fall-of-ground incident

By: Creamer Media Reporter      Updated 6 hours ago A rock-drill operator was killed in a fall-of-ground incident at AngloGold Ashanti’s Kopanang mine, near Orkney, in the Free State, on Tuesday. The Department of Mineral Resources had been notified and an in loco inspection would be conducted. 

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