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South America
 
IRON-ORE

Anglo American gets operating permit for Brazil iron-ore project

0 COMMENTS
Anglo American said on Tuesday that it obtained a Brazilian licence to start operating its long-delayed, $14-billion Minas-Rio iron-ore mining project, which is expected to enable its first shipment of ore by year-end. Starting the project,...
1st October 2014
 
 
IRON-ORE

Centaurus’ Candonga project to generate strong cash flows

0 COMMENTS
A feasibility study into the Candonga direct shipping ore (DSO) operation, in Brazil, has delivered positive results, ASX-listed Centaurus Metals announced on Tuesday. The study confirmed that the project could deliver some 300 000 t/y of...
30th September 2014
 
 
PRIVATE PLACEMENT

Largo to raise C$30m to fund Maracas Menchen ramp-up

0 COMMENTS
Vanadium producer Largo Resources on Monday launched a C$30-million equity placement to help fund operating capital needs as its flagship Maracas Menchen mine, in Brazil, which was ramping up to the first phase’s boilerplate capacity of 9 600 t/y....
29th September 2014
 
 
ACCIDENT

Mining suspended after four killed at Freeport Indonesia's copper mine

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Freeport-McMoRan temporarily suspended openpit mining at its Indonesian mine on Saturday, a company statement said, after four people died in an accident at one of the world's biggest copper mines. A collision involving a truck carrying nine...
29th September 2014
 
 
IRON-ORE

Protests block Brazil Vale iron ore railway for fourth day

0 COMMENTS
Brazilian miner Vale said the railway used to transport iron-ore to an Atlantic port from its Carajas mine in the Amazon jungle has been shut for four days as a result of a protest on the tracks. Vale said in a statement that the protests are not...
26th September 2014
 
 
IRON-ORE

Vale says strikes lease deal with China Merchants over ore ships

0 COMMENTS
Brazil's iron-ore miner Vale said on Friday it secured a deal with China Merchants Group to lease for 25 years as many as ten very large ore carriers (VLOC), which will be built by China Merchants, to ship ore from Brazil to mainland China. Vale...
26th September 2014
 
 
COAL

Coal pricing more stable at home where Exxaro outlines R16bn capex plan

0 COMMENTS
Exxaro's Grootegeluk mine Coal pricing was more stable in South Africa’s domestic market than in export markets, where South Africa was competing with Colombia and Russia for European market share and with Australia for Indian business, JSE-listed Exxaro said on Friday,...
26th September 2014
 
 
GOLD

Gold price seen near tipping point for mine cuts, closures

0 COMMENTS
The price of gold, down more than a third in three years, is approaching the tipping point where the mining industry would see a spike in the number of producers reducing output or even shutting down operations. Several mines globally have already...
26th September 2014
 
 
OIL & GAS

BHP signs petroleum expertise exchange in Mexico

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Mining giant BHP Billiton has executed a memorandum of understanding with Petroleos Mexicanos (Pemex) to exchange oil and gas deep-water expertise. BHP’s deep-water drilling rig arrived in the Gulf of Mexico in May this year, allowing the miner...
26th September 2014
 
 
LEGISLATIVE ENVIRONMENT

Colombia to speed environmental licenses for energy, mining projects

0 COMMENTS
Colombia will expedite the environmental licencing process for oil, mining, energy and infrastructure projects, but maintain the same rigorous standards, the environment minister said on Thursday. The government will issue a decree that requires...
25th September 2014
 
 
THERMAL COAL

Futures hit 5-year lows in oversupplied market

0 COMMENTS
European coal futures hit five-year lows on Thursday as the sector remained oversupplied, with traders saying that the market was testing support at $75/t and that a fall to levels last seen at the height of the financial crisis in 2009 was...
25th September 2014
 
 
COPPER

Zambian chamber appeals for VAT refund to get mines back on track

0 COMMENTS
Zambian copper project The Chamber of Mines of Zambia on Thursday appealed to the government to refund withheld value-added tax (VAT) so that the mining industry could continue to contribute optimally to the country’s economy. “Our sincere appeal is that VAT’s rule 18...
25th September 2014
 
 
 
 
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