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Asia
 
LEGISLATIVE ENVIRONMENT

Mining’s legal framework replete with problems – Hulme Scholes

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Mining lawyer Hulme Scholes The legal frameworks for the South African mining industry are replete with problems, mining law expert Hulme Scholes outlined on Tuesday. Speaking at a client and media presentation organised by reputation management company Magna Carta, the...
2nd September 2014
 
 
INDONESIA EXPORTS

Newmont agrees tentative deal with Indonesia in export dispute

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Newmont Mining has reached a tentative agreement with the Indonesian government on contract renegotiations, the CEO of the firm's local unit said, as both sides moved closer to ending an eight-month tax dispute that halted copper exports....
2nd September 2014
 
 
IRON-ORE

Kumba Iron Ore bridges digital divide in black schools with sun’s help

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Smiling teacher Selby Nkwanyana with pupil Nontsikelelo Kalashe Anglo American company Kumba Iron Ore on Monday opened a sun-powered Internet school in Tembisa. The initiative, at Jiyana Secondary School, is the first of four such projects to better education, feed pupils and produce cooking gas from recycled...
1st September 2014
 
 
LEGISLATIVE ENVIRONMENT

Mineral beneficiation, industrialisation key to development – Finance Minister

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Finance Minister Nhlanhla Nene The key to the development of South Africa lay in mineral beneficiation and industrialisation in joint development with its regional neighbours, South Africa’s new Finance Minister Nhlanhla Nene told the Centre for Education In Economics and...
29th August 2014
 
 
IRON-ORE

China's CITIC books $129m half-year loss on Australian iron-ore

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China's CITIC Ltd reported a HK$1 billion ($129-million) half-year loss on its Australian iron ore operation, which shipped its first ore in December but is still struggling to get the first of six production lines working well. The $9.6-billion...
29th August 2014
 
 
ENERGY

Linc turns Carmichael royalty into cash to focus on core assets

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Singapore listed Linc Energy has agreed to sell its royalty in the Carmichael coal mine to Indian developer Adani, for A$155-million, as part of a strategy to reduce debt and strengthen its balance sheet. Linc sold the Queensland-based Carmichael...
29th August 2014
 
 
Coal

Indian acquisition is losing money and Mozambique wants it taxed

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The financial director of the Steel Authority of India Limited (SAIL) has revealed the losses currently being borne by the Benga coal operation in Mozambique’s Tete province. Anil Chaudhary reported that Benga’s production costs were $165/t while...
29th August 2014
 
 
LISTING REINSTATED

Besra’s ASX listing reinstated

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Vietnam-focused gold miner Besra’s listing on the ASX resumed trading on Thursday after the company paid its yearly listing dues. TSX-listed Besra missed the Friday deadline to pay its listing fees, resulting in its stock being immediately...
28th August 2014
 
 
PLATINUM

Implats defers production target, reviews capex, ups new technology plans Video Available

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Terence Goodlace and Martin Creamer Strike-impacted platinum-mining company Impala Platinum (Implats) has deferred its 850 000 oz Rustenburg production target, is reviewing its capital expenditure (capex) programme intensively and is going all out to ramp up its post-strike restart...
28th August 2014
 
 
coal

Indian govt toying with options for coal blocks declared illegal

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Indian Supreme Court, in New Delhi. The Indian government is scurrying to come up with options to place before the Supreme Court at its next hearing on September 1, when the fate of 213 coal blocks declared illegally allocated will be decided. The government is hoping that the apex...
28th August 2014
 
 
GOLD

Absolute change needed to mine Wits basin’s stranded 1.1bn gold ounces

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Shaun Newberry and Martin Creamer South Africa’s Witwatersrand basin contains another 1.3-billion ounces of gold, almost as much gold as has been mined there since 1886 – but miners can only get to another 200-million ounces of it using today’s mining methods. If the industry...
27th August 2014
 
 
INTERNATIONAL ARBITRATION

Newmont withdraws arbitration claim against Indonesia

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Global miner Newmont on Tuesday said its Indonesian subsidiary PT Newmont Nusa Tenggara (PTNNT) would drop international arbitration proceedings against the country’s government, based on signs that the government was open to start formal...
26th August 2014
 
 
 
 
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Implats defers production target, reviews... Video
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Alrosa world’s largest diamond producer by... Video
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Underground coal gasification has key... Audio
Deep-pocketed Asian investors eye... Audio
GFMS predicts new gold highs in 2010,... Audio
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