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GOLD

Besra back in business in Vietnam

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TSX- and ASX-listed Besra on Wednesday announced that it had resumed production at its Bong Mieu gold mine, in central Vietnam, after a hiatus of almost 11 months. Operations at Bong Mieu were suspended in November last year following substantial...
2nd October 2014
 
 
COAL

Despite ‘stable’ US coal outlook, more idlings/furloughs expected – Moody’s

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Despite providing a ‘stable’ overall outlook for the US coal industry, Moody’s Investors Service this week sketched a rather gloomy scenario for the next 12 to 18 months, pointing to weak fundamentals as thermal coal demand faltered and...
1st October 2014
 
 
GOLD

Broker ICAP enters race to replace century-old gold fix

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ICAP, the world's biggest interdealer broker, will submit a proposal to the bullion market to replace the century-old global price benchmark for gold known as the "fix", the company told Reuters on Wednesday. Representatives from a handful of...
1st October 2014
 
 
COAL

National debate needed on ways to lower high rail costs – CoAL

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CoAL CEO David Brown A national debate is needed to discuss ways of lowering the high cost of railing bulk commodities like coal, says Coal of Africa Limited (CoAL) CEO David Brown. The London-, Sydney- and Johannesburg-listed CoAL plans to produce nearly...
1st October 2014
 
 
ACQUISITIONS

IFM, Portnex to acquire Australian coking coal retort assets

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London-listed International Ferro Metals (IFM), in conjunction with mining and commodities trading company Portnex International, has made an offer to acquire the assets owned by Australia-based Pacific Carbon and Modderriver Minerals on Kooragang...
1st October 2014
 
 
HEALTH & SAFETY

Freeport Indonesia workers blockade mine after deadly accident

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Workers at Freeport-McMoRan Inc's Indonesian unit are blocking access to the mine site, union and company officials said on Wednesday, to protest against the number of fatal accidents at one of the world's biggest copper mines. Open-pit mining at...
1st October 2014
 
 
COAL

South Pacific flotilla to protest climate change inaction at Australia coal port

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Protesters from 12 South Pacific nations plan to block ships entering and leaving Australia's Port of Newcastle, the world's largest coal export terminal, this month to highlight effects they say climate change is having on their islands. Some...
1st October 2014
 
 
COAL

NSW commission approves BHP coal extension project

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Mining giant BHP Billiton on Wednesday welcomed a decision by the New South Wales Planning Assessment Commission (PAC) to approve a modified extension of the existing Mt Arthur opencut operation. The extension would see BHP extract an addition...
1st October 2014
 
 
OIL & GAS

Eden to merge UK assets with JV partner UKOG

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ASX-listed Eden Energy is considering merging its UK gas and petroleum assets with its UK joint venture (JV) partners, owned by UK Onshore Gas (UKOG). Eden said on Wednesday that it would transfer its 13 petroleum and development licences in...
1st October 2014
 
 
OIL & GAS

Coal seam gas a viable option for NSW, chief scientist report finds

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The New South Wales chief scientist and engineer has found that coal seam gas (CSG) was a viable option for the state, despite the perceived risks. In her report, which took about 19 months to complete, Professor Mary O'Kane pointed out that many...
1st October 2014
 
 
COAL

Sedgman wins Cockatoo contract

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Junior coal miner Cockatoo Coal has awarded a A$36.7-million contract to project house Sedgman for the expansion of its Baralaba coal mine, in Queensland. Cockatoo recently completed the first phase of the Baralaba expansion project, which saw...
1st October 2014
 
 
IRON-ORE

Tawana clears another hurdle in Liberia

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Junior iron-ore developer Tawana Resources has crossed another hurdle in the development of its Mofe Creek project, in Liberia, having been granted permission to progress its environmental and social impact assessment (ESIA). “The approval to...
1st October 2014
 
 
 
 
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City Company Country Facility
Person Product Province Or State Region
Continent Currency Industry Term Organisation
 
 
 
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