Brazil’s Vale invests to get around Chinese megaship ban

Brazilian diversified mining major Vale, the world’s number two mining group in terms of market capitalisation, Has announced that it is to establish a second floating iron ore transfer station, in Subic Bay in the Philippines. This station will...

Novelis posts loss; sees demand rising

Novelis, the US unit of India's largest aluminum producer Hindalco Industries, posted a quarterly loss, hurt by lower average aluminum prices and sales. However, the company expects a rise in demand for aluminum rolled products in Asia, driven...

Company Announcement:LontohCoal Media Statement on OTC Share Trading Platform Launch

On behalf of the Board of Directors of LontohCoal Limited, it gives me great pleasure to announce the launch of trading of LontohCoal Limited’s shares on an OTC basis from 01 June 2012

Gold slumps on scepticism of EU meeting

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...

Anglo American to open London, Singapore sales hubs

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...

India, China, Taiwan lead SA April coal imports

Asia absorbed most of South Africa's 5.2-million tons of coal exports in April, led by India, China and Taiwan, exporters said. Almost all of South Africa's thermal coal is exported from the private Richards Bay Coal Terminal (RBCT) in Kwazulu...

Vale to build second iron ore storage ship in Asia

Vale will build a second floating iron ore storage vessel in Asia to feed shipments to its main market, China, a senior company official said on Monday, as the Brazilian miner works around Beijing's ban on its huge dry bulk ships. China, the...

Division launched to improve mine safety

To cater for clients requiring technical advice, owing to continuous poor safety performance in the mining industry, health, safety and environmental risk consultancy IRCA Global launched a dedicated mining and construction, safety technical...

Nondestructive testing used to improve mine safety

A range of new nondestructive testing (NDT) products, which can be used to improve mine safety, were introduced by sensing systems manufacturer GE Measurement and Control Solutions at the World Conference for Non-Destructive Testing, held in...

Yellowcake to top $80/lb by ’14 – Forsys boss

Namibia-focused uranium junior Forsys Metals on Thursday said it was rapidly advancing studies to consolidate its Valencia and Namibplaas landholdings to potentially develop the world’s next significant uranium mine. The Toronto-, Frankfurt-...

Gold upturn likely once Greek turmoil crystalises – WGC

An upturn in the gold price is likely once current Greek turmoil crystalises, says World Gold Council (WGC) investment MD Marcus Grubb. Current global macroeconomic concern is seen as a contributing factor to gold’s gradual fall since the end...

Australian gas users fear shortage as LNG exports grow

Australia is on its way to becoming the world's top exporter of liquefied natural gas, but industrial consumers on the country's east coast are worried gas producers will ship so much to Asia's booming economies that domestic supplies will be...