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Copper
 
COPPER

Nifty not covered by insurance - Aditya Birla confirms

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Copper miner Aditya Birla on Thursday confirmed that the sinkhole incident at its Nifty mine, in Western Australia, was not covered under its insurance. Earlier this month, the insurer’s loss adjuster claimed that the land and mine workings were...
18th September 2014
 
 
BASE METALS

Avanco announces Antas ore reserves

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Base and precious metals miner Avanco Resources has reported a maiden Joint Ore Reserves Committee-complaint reserve of 2.64-million tonnes at its Antas copper deposit, in Brazil. Grading 3.19% copper and 0.66 g/t gold, the project is estimated...
17th September 2014
 
 
M&A

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

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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 said....
17th September 2014
 
 
COPPER/GOLD

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

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

Rex takes up mining lease in S Australia

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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
 
 
COPPER

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

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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
 
 
PLATINUM

Mining legend Friedland makes case for platinum at gold forum

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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
 
 
COPPER

Mongolia says resolves Rio Tinto copper mine tax dispute

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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
 
 
 
 
 
 
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Tenova mulling ways of breaking junior funding... Video
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