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Base Metals

Global mining M&A rebounds, but Canada takes the cake

Canadian Malartic gold mine, Quebec The three months ended June 30 saw global mergers and acquisitions (M&A) activity rebound from disappointing lows in the first quarter, but Canada was host to the most significant gold deals by a large margin, professional services firm KPMG...
17th September 2014

Newmont to restart Indonesia ops in 6- to 8-weeks after new permit

Batu Hijau, Indonesia Senior gold producer Newmont on Tuesday morning reported that it would expected to restart its shuttered Batu Hijau copper mine in Indonesia within six- to eight-weeks of receiving a permit, CEO Gary Goldberg said. Speaking at the Denver Gold...
16th September 2014

Rex takes up mining lease in S Australia

Minerals developer Rex Resources has accepted the offer for a mining lease over its Hillside copper-gold-iron-ore project in South Australia, securing the last of the state and commonwealth approvals for the project’s development. The mining...
16th September 2014

AMMG launches alumina BFS

ASX-listed Australia Minerals and Mining Group (AMMG) has launched a bankable feasibility study into its South West high-purity alumina project, in Western Australia. The study would be based on the development of a 3 000 t/y high-purity alumina...
16th September 2014

Workers to strike at Chile's Escondida copper mine next week - union

The union at the world's largest copper mine, Chile's Escondida, has called a strike for September 22 and 24, aiming to paralyse activity to win improved working conditions, the union said on Monday. In a surprise announcement on Monday evening,...
16th September 2014

Mining legend Friedland makes case for platinum at gold forum

Billionaire mining legend Robert Friedland on Monday made the case for platinum at the Denver Gold Forum, saying that while he was a known gold bear, platinum was the only precious metal that had disruptive medium-term demand dynamics in the...
15th September 2014

Mongolia says resolves Rio Tinto copper mine tax dispute

A tax dispute that threatened to delay the giant Oyu Tolgoi copper mine being developed in Mongolia by Rio Tinto has been resolved, a government official said on Monday. The $6.5-billion Oyu Tolgoi project will produce more than 300 000 tonnes...
15th September 2014

Capstone cancels proposed $300m senior notes offering

Pinto Valley, Arizona Canadian base metals miner Capstone Mining on Friday said, owing to adverse general market conditions, it had pulled the plug on its proposed offering of $300-million senior notes due in 2022. Capstone president and CEO Darren Pylot pointed out...
12th September 2014
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