http://www.miningweekly.com

Global Mining News in real time

Asia News

Urgent action needed to end overstated diamond certification – World Federation

By: Martin Creamer Urgent action was needed to stop diamonds being sold with overstated certification, World Federation of Diamond Bourses president Ernie Blom said on Friday. Blom, who blamed a few laboratories for damaging the reputation of the entire diamond industry, urged stakeholders the world over to stand... 

Australia's RBA upbeat on outlook for China resource demand

By: Reuters Chinese demand for Australian resources is likely to stay strong over the long run as the Asian giant continues to urbanise and mature into a consumer-led economy, a top central banker said on Friday. The Reserve Bank of Australia's (RBA) head of economic research, Alexandra Heath, acknowledged... 

Mines need to cut emissions and increase renewables – Corporate Knights

By: Simon Rees As the population of the planet doubles between now and 2050, the drive to cut carbon emissions will continue to gather pace. At a recent meeting between heads of state in China, the US announced its intention to reduce carbon emissions by 26% to 28% by 2025. China declared its emissions would... 

Mines need to cut emissions and increase renewables – Corporate Knights

Mozambique continues to attract coal miners, despite low market prices

By: Keith Campbell Two more companies have been granted coal mining concessions in the Tete province of Mozambique, despite the fall in global coal prices which have put the already operating mines in the province under pressure. The new concessions were granted to the Eurasian Natural Resources Corporation (better... 

Vanguard appoints new board member and CFO

By: Creamer Media Reporter Nevada-based Vanguard Mining has appointed Madhava Rao Mankal new member of the board of directors and CFO to replace Hai Le, who resigned from this position on November 5. Vanguard Mining president Jalani Haniffa said: "We are delighted to welcome Rao to our board of directors and management... 

SouthGobi seeks funding to pay delayed $8.1m interest to China Investment Corporation

By: Creamer Media Reporter TSX- and HKSE-listed SouthGobi Resources is delaying payment to the China Investment Corporation (CIC) of about $8.1-million in cash – the November 2014 instalment of cash interest due on the secured convertible debenture it entered into with a wholly owned subsidiary of the CIC. As of Thursday,... 

SouthGobi seeks funding to pay delayed $8.1m interest to China Investment Corporation
Ovoot Tolgoi

India announces draft rules for maiden auction of coal blocks

By: Ajoy K Das India’s Coal Ministry has released draft guidelines for the auction of 74 coal blocks to be completed within the next four months. The Coal Ministry document said that the government would conduct a two stage competitive bidding process for allocation of the coal blocks under the newly... 

India announces draft rules for maiden auction of coal blocks

AusAmerican raises cash for Chinese buy

By: Esmarie Swanepoel Explorer AusAmerican Mining this week announced plans to raise up to A$60-million through a bond offering in order to fund its acquisition of a majority share in Chinese company Shenglong International Investments. The first A$30-million would be raised through the first tranche of the note... 

Dividend-bound Keaton firming up new coal projects

By: Martin Creamer Coal-mining junior Keaton Energy, which invested R275-million in operations while boosting its cash position by 63% to R113.2-million in the six months to September 30, is firming up two new coal-mine projects that will nudge the JSE-listed company towards producing five-million tons of coal a... 

Dividend-bound Keaton firming up new coal projects
Photo by Duane Daws
Keaton CEO Mandi Glad

Canada's Extractive Sector Strategy well received, expected to fuel prosperity of sector

By: Tracy Hancock The Canadian government has an important role to play in supporting both the global competitiveness of the Canadian mineral industry and its ability to contribute to the sustainable development of the societies in which it operates, said Prospectors & Developers Association of Canada (PDAC)... 

Energy security takes centre stage at Australia-India meeting

By: Esmarie Swanepoel Australian Prime Minister Tony Abbott and his Indian counterpart Narendra Modi have prioritised the resources sector as one of the key areas for shared commercial growth, following the G20 summit in Brisbane. In a joint statement this week, the two Prime Ministers noted that energy was a central... 

Energy security takes centre stage at Australia-India meeting

Altura announces coal spin-off

By: Esmarie Swanepoel Diversified junior Altura Mining this week announced that it would spin-out its coal assets into a new Singapore-based vehicle, which would be separately listed on the Catalist platform. Altura currently owns one-third of the Delta coal mine, in East Kalimantan, as well as a 70% stake in the... 

Ivanhoe platinum project prepares for site work resumption

By: Martin Creamer Preparations have begun for a resumption of site work at Ivanhoe’s platinum project near Mokopane in Limpopo province, with the construction of the initial production shaft of the planned underground mine the focal point of the first phase of development of an initiative that has been decades in... 

Ivanhoe platinum project prepares for site work resumption
Photo by Duane Daws
Ivanhoe's Robert Friedland

Copper companies strike optimistic note on medium-term prices

By: Reuters Copper prices could be held down by rising supply from mines in the next couple of years but are set to surge after that due to a dearth of monster projects and bottlenecks at refineries, senior executives at top copper producers said on Wednesday. Widely seen as a barometer for economic growth,... 

India to take imminent steps to curb surging gold imports - source

By: Reuters India is likely to announce measures to curb gold imports as early as Tuesday, a senior finance ministry source said, as a surge in inbound shipments threatens to worsen the country's trade deficit. "We are working on it. The measures to slow gold imports are almost ready and may be announced... 

India to align coal and CBM legal environment to attract private investors

By: Ajoy K Das The Indian government will align its mining and gas exploration legislation to facilitate the exploration and mining of coal and coalbed methane (CBM) by domestic and foreign investors. A senior official in the Coal Ministry said that various legislation relating to the coal and gas sectors... 

Landmark Oz-China free trade deal wins praise from resources sector

By: Esmarie Swanepoel A jubilant Australian resources sector has welcomed the federal government’s signing of a free trade agreement (FTA) with China. Australian Prime Minister Tony Abbot on Monday inked a landmark free trade agreement with China’s President Xi Jinping, following the G20 meeting in Brisbane. 

Landmark Oz-China free trade deal wins praise from resources sector

Commodity slump threatens return to 'junk' for top emerging nations

By: Reuters Slumping prices for oil and other commodities and the prospect of rising global interest rates threaten to return some of the biggest emerging market (EM) nations to "junk" credit ratings, laying bare many countries' failure to reform in the good times. Emerging economies have earned roughly 200... 

Commodity slump threatens return to 'junk' for top emerging nations

Glencore, French open $7bn nickel mine in New Caledonia

By: Martin Creamer French President François Hollande on Monday officially opened the new $7-billion Koniambo nickel project in New Caledonia, a territory of France that is located 1 210 km east of Australia, in the south-west Pacific Ocean. The joint venture (JV) between the London-, Hong Kong- and now also... 

Glencore, French open $7bn nickel mine in New Caledonia
Photo by Bloomberg
François Hollande and Ivan Glasenberg

Indian government holds off on CIL restructuring

By: Ajoy K Das The Indian government would not initiate any immediate move towards restructuring Coal India Limited (CIL) to avoid jeopardising the transfer of coal blocks that were earlier cancelled by the Supreme Court. The Indian government mandated global consulting firm Deloitte in 2013 to undertake a... 

Coal exporters to benefit from Australia’s free trade pact with China

By: Esmarie Swanepoel Australia’s free trade agreement with China could be a win for local coal exporters, as it relaxes coal tariffs, advisory firm Grant Thornton said on Monday. Australian Prime Minister Tony Abbot on Monday announced a landmark free trade agreement with China, which was expected to unlock... 

Coal exporters to benefit from Australia’s free trade pact with China

Glencore, Mick Davis among suitors of Anglo's Chile mines – sources

By: Reuters Commodity group Glencore and X2, a company set up by former Xstrata boss Mick Davis, are among the suitors of the Chilean copper assets put up for sale by global miner Anglo American, industry and banking sources said this week. The assets, which together could fetch up to $1-billion according to... 

Glencore, Mick Davis among suitors of Anglo's Chile mines – sources
Mick Davis

Uranium One posts larger Q3 adjusted loss, regains Kazakhstan permits

By: Henry Lazenby Canadian uranium producer Uranium One on Friday reported a bigger adjusted net loss for the three months ended September 30, as production faltered in Kazakhstan owing to permitting issues. The Toronto-headquartered company, with a globally diversified portfolio of assets in Kazakhstan, the US,... 

TVI Pacific completes second nickel shipment from Philippine project

By: Henry Lazenby Calgary-based TVI Pacific, which owns a 60% interest in the Agata iron/nickel laterite project, in the Agusan del Norte province, Philippines through subsidiary TVI Resource Development (TVIRD), on Friday said it had completed a second shipment of direct shipping ore (DSO). The high-iron,... 

Rio Tinto’s Walsh urges G20 leaders to reduce investment risk 

By: Esmarie Swanepoel Mining giant Rio Tinto CEO Sam Walsh has called on the delegates attending the G20 summit in Brisbane, Australia, to support investment in their various countries by supporting the vision of economic growth and reducing investment risk. Speaking ahead of the G20 meeting, Walsh said that... 

Rio Tinto’s Walsh urges G20 leaders to reduce investment risk
Photo by Bloomberg
Rio Tinto CEO Sam Walsh

Coal of Africa secures $21m cash in first-stage equity raise

By: Martin Creamer Triple-listed coal exploration and project development company Coal of Africa Limited (CoAL) has completed the first stage of its equity capital raising exercise. The South Africa-focused company, which trades its shares in Sydney, London and Johannesburg, said on Thursday that it had received... 

Coal of Africa secures $21m cash in first-stage equity raise
Photo by Duane Daws
Coal of Africa CEO David Brown

China’s coal policies may slow import growth

By: Esmarie Swanepoel Australia has warned that China’s recent coal policy announcements, including a measures to protect its struggling domestic industry, may reduce the growth in coal imports over the remainder of the year. However, the policy changes did not mean a decline in coal use, the Bureau of Resources and... 

Alara JV partner makes waves

By: Esmarie Swanepoel Junior Alara Resources has encountered some difficulty with its joint venture (JV) partner in the Khnaiguiyah zinc/copper project, in Saudi Arabia, reporting on Thursday that United Arabian Mining Company (Manajem) had filed a financial claim against the company. In March, Alara announced that... 

Q3 gold demand, supply down – World Gold Council

By: Martin Creamer Both gold demand and supply were down in the three months to September 30, the World Gold Council said on Thursday. The council’s latest gold demand trends report stated that third-quarter (Q3) gold demand had declined by 2% to 929 t and supply had fallen by 7% to 1 048 t on recycling’s lowest... 

Q3 gold demand, supply down – World Gold Council
World Gold Council market intelligence head Alistair Hewitt

Oyu Tolgoi talks could be delayed by Mongolia political turbulence

By: Henry Lazenby Rio Tinto subsidiary Turquoise Hill Resources this week reported that negotiations to resolve tax issues with the Mongolian government regarding the massive Oyu Tolgoi copper/gold mine could be delayed after Prime Minister Norov Altankhuyag was removed when members of Parliament voted to dismiss... 

Central Rand Gold mulls $150m Chinese offer, suspends underground mining

By: Martin Creamer London- and Johannesburg-listed gold mining company Central Rand Gold, which is considering selling out to Hiria of Hong Kong for $150-million cash, has temporarily suspended water-challenged underground mining to focus on mothballed opencast targets. The company’s non-binding memorandum of... 

Central Rand Gold mulls $150m Chinese offer, suspends underground mining
Photo by Duane Daws
Central Rand Gold CEO Johan du Toit
First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

Latest News: Americas

more

Latest News: Africa and Europe

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
R/€ = 13.76Change: 0.11
R/$ = 10.96Change: 0.10
Au 1193.42 $/ozChange: 4.09
Pt 1213.50 $/ozChange: 10.00