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COPPE

Anglo gaining ground in Codelco battle

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With the tussle moving out of the courts and into the commercial arena and with Codelco CEO Diego Hernandez suddenly quitting his post in the midst of the ongoing battle, Anglo American CEO Cynthia Carroll appears to have gained significant...
25th May 2012
 
 
PRECIOUS METALS

Coeur says production restarts after strike at Mexican mine

0 COMMENTS
Precious metals producer Coeur d’Alene Mines said on Thursday production has restarted at its Palmarejo mine in Mexico, following a work stoppage that started at the weekend. The shutdown would not have a material impact on 2012 output at the...
24th May 2012
 
 
MINING FINANCE

BHP raises €2bn through bonds

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Mining giant BHP Billiton has raised €2-billion from its Euro Medium Term Note programme, raising funds for corporate purposes. The two-tranche offering comprises a €1.25-billion 2.125% bond, due in 2018, and a €750-million, 3% bond due in...
24th May 2012
 
 
GOLD

Gold slumps on scepticism of EU meeting

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Gold eased on Wednesday extending sharp losses made in the previous session as investors were sceptical that an informal European Union meeting later in the day would yield steps to help solve the region's debt crisis. Gold fell to as low as $1...
23rd May 2012
 
 
DIAMONDS

De Beers mounts rescue bid for trapped illegal Namaqua diamond diggers

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Diamond miner De Beers has mounted a rescue bid for at least seven illegal diamond diggers who are trapped in illegally excavated tunnels at De Beers' Namaqua diamond mines in the Northern Cape. De Beers and Namaqualand Mines said that the...
23rd May 2012
 
 
COAL

Sasol to apply for Waterberg coal mining licence Video Available

0 COMMENTS
Sasol Mining MD Hermann Wenhold South Africa’s third-largest coal producer, Sasol Mining, has received approval from its group executive committee to apply for a mining licence in the Waterberg, where it plans to erect a small-scale colliery that will be used as a future...
22nd May 2012
 
 
COPPER DISPUTE

Anglo, Codelco restart talks to end Chile row

0 COMMENTS
Anglo American and Chilean copper giant Codelco have agreed to go back to the negotiating table in an effort to end a damaging and increasingly acrimonious row over the global miner's copper operations in the country's south. The miners, which...
22nd May 2012
 
 
DIVERSIFIED MINER

Glencore hopes for FTSE fillip to aid Xstrata deal

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Glencore's bruised stock could get a boost after a lock-up on a large slice of employees' shares expires, in a welcome lift for the commodities trader as its $30-billion bid for miner Xstrata nears the final stages. The release on Thursday of...
22nd May 2012
 
 
IRON-ORE

Bellzone gets govt nod in Guinea, shares jump

0 COMMENTS
Bellzone Mining said it received an approval from the Guinea government to begin commercial production and export of iron-ore at its Forcariah project there, sending its shares up 34%. Bellzone, which has exploration and development licences in...
22nd May 2012
 
 
COAL

Sasol opens new R3.5bn coal shaft in Mpumalanga Video Available

0 COMMENTS
Thubelisha shaft at the Twistdraai colliery Fuel-from-coal producer Sasol Mining’s new R3.5-billion Thubelisha shaft at the Twistdraai colliery, in Mpumalanga, was officially opened on Tuesday by Mineral Resources Minister Susan Shabangu. The current Twistdraai Colliery shaft system has...
22nd May 2012
 
 
DIVERSIFIED MINER

Anglo American to open London, Singapore sales hubs

0 COMMENTS
Global miner Anglo American is opening a new commercial hub in Singapore on July 1 and also in London, a move that reflects the shift in the company's sales focus to Asia. Tom Bell, who has been with Anglo's London-based thermal coal marketing...
21st May 2012
 
 
COPPER/GOLD

EPA report outlines potential Pebble mine risks

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Large stretches of salmon-spawning streams and thousands of acres of wetlands would be wiped out if a large-scale mining project were to be built in southwestern Alaska's copper-rich Bristol Bay region, according to a report issued Friday by the...
21st May 2012
 
 
 
 
 
 
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Sasol to apply for Waterberg coal mining licence Video
Sasol opens new R3.5bn coal shaft in Mpumalanga Video
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Gilbertson ‘very, very bullish’ on... Video
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