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Asia
 
GRAPHITE

Chinese flake graphite consolidation could alter global supply structure

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China has revealed plans to consolidate operations in the world’s most prolific flake graphite producing region – the Heilongjiang province, where most of the world’s battery raw material comes from – that could significantly alter the...
17th April 2014
 
 
COAL

More speed bumps in way of Indian coal block auction plans

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India’s maiden auction of captive coal blocks hit yet another snag with prospective bidders raising a red flag over alleged discrepancies in the reserves of the three blocks on offer. In a pre-bid meeting of prospective captive coal users...
17th April 2014
 
 
LEGISLATIVE ENVIRONMENT

Campaign under way to pay unclaimed R5bn to 200 000 ex-mineworkers Video Available

0 COMMENTS
Teba CEO Graham Herbert (right) and Martin Creamer JOHANNESBURG (miningweekly.com) – A campaign is under way in the mining industry to find more than 200 000 former mineworkers who are owed at least R5-billion in unpaid provident fund, occupational disease and service-award claims. Disabled or...
16th April 2014
 
 
IRON-ORE

China's plan for iron-ore giants hard to make the grade

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China's bid to slash its dependence on foreign iron-ore miners by creating its own mega producers risks running aground before it starts due to high costs and poor quality of ore. Instead, overseas suppliers may end up shipping more to their top...
16th April 2014
 
 
MANGANESE

Romang Island small but robust - Robust

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A scoping study by ASX-listed Robust Resources into its Romang Island manganese project, in Indonesia, has placed a capital cost of between $8-million and $10-million on the project development. Robust reported on Wednesday that the project...
16th April 2014
 
 
HEALTH & SAFETY

Fatalities reported at Yancoal mine

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ASX-listed Yancoal Australia has halted production at its Austar coal mine, in New South Wales, following the death of two employees. The miner reported on Wednesday that a team of employees had been working at the underground operation when a...
16th April 2014
 
 
GOLD

Red 5 on the cusp of resuming Siana operations

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A cease and desist order on ASX-listed junior Red 5’s Siana gold project, in the Philippines, would be lifted once the company completed some remedial work. Red 5 announced on Wednesday that it had received formal notification from the...
16th April 2014
 
 
GOLD

Much more to come in China’s already ‘breathtaking’ gold story

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The scale, scope and speed of the development of the gold market in China to date has been “quite breathtaking” – and there is still a lot more to come, World Gold Council investor relations manager John Mulligan indicated on Tuesday...
15th April 2014
 
 
NICKEL

MMG sells Avebury mine

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Hong Kong-listed MMG on Tuesday signed a sales agreement with exploration and mining development company QCG Resources (QCG) to sell its Avebury nickel mine, in Tasmania, for A$40-million. The Avebury mine has been on care-and-maintenance since...
15th April 2014
 
 
GOLD

Strong demand from gold-hungry China in next 4 years – World Gold Council

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Private sector demand for gold in China is poised to increase by 25% from the current level of 1 100 t/y to at least 1 350 t/y by 2017, the World Gold Council (WGC) said on Tuesday. Last year saw China become the world’s largest gold market...
15th April 2014
 
 
OIL AND GAS

Glencore beats off rival bid to snap up Chad energy explorer

0 COMMENTS
London-, Hong Kong- and Johannesburg-listed diversified mining and marketing company GlencoreXstrata has beaten off a rival bid to snap up oil-and-gas exploration company Caracal Energy, which is active in the landlocked Republic of Chad in...
14th April 2014
 
 
COPPER

Las Bambas sale takes pressure off Glencore balance sheet – analysts

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The agreed sale of Las Bambas copper mine to a Chinese consortium at the high end of the price range took pressure off GlencoreXstrata’s stressed balance sheet, Liberum Capital said on Monday. London-, Hong Kong- and Johannesburg-listed Glencore...
14th April 2014
 
 
 
 
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Underground coal gasification has key... Audio
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IFC wants to get in early on... Audio
Moly price well above $10/lb needed... Audio
Chinese investment in resources seen... Audio
Pan African seeking govt help after... Audio
Better diamond demand possible as... Audio
South Africa’s State mining company... Audio