Company Announcement: Mundo Disposes Of Brazilian Subsidiary

Mundo Minerals Limited advises that it has signed a conditional binding term sheet with a group of Brazilian high net worth individuals to dispose of its wholly-owned Brazilian subsidiary Mundo Mineracao Ltd.

Company Announcement: AngloGold Ashanti First Quarter 2012 Production Update

On 15 February 2012 AngloGold Ashanti, at the time of its full year 2011 earnings release, guided first quarter 2012 gold production at 1.03Mozs at total cash costs of $820/oz - $835/oz at an average exchange rate of R7.40/$, BRL1.70/$, A$1.01/$,...

Brazil’s Votorantim to ramp up its mining activities

Brazilian conglomerate Votorantim is to make significant, although still undisclosed, investments in new mining projects in South America, employing some of the money it obtained from selling its stake in Brazilian steelmaker Usiminas to the...

Company Announcement: Colossus Minerals Inc. Announces 2012 Exploration Program

Toronto, Ontario, January 18, 2012 Colossus Minerals Inc. (the “Company” or “Colossus”) (TSX: CSI) announces the details of its 2012 exploration program.

New pig iron demonstration plant now running in Brazil

Brazilian diversified mining group Vale, the world’s second largest miner in terms of market capitalisation, has announced that it has started up a demonstration plant to test and further develop a unique Brazilian technology which can produce...

Mining giant Vale pays up in Brazil, annoys shipowners in China

It has emerged in Brazil that the country’s number one – and world number two (by market capitalisation) – mining group, Vale, last month paid the Brazilian Federal Revenue service (Receita Federal or RF) 5.8-billion reais (R$) in back...

Bauxite Resources partners Chinese to build WA alumina refinery

ASX-listed Bauxite Resources (BRL) will on Friday sign an agreement with its Chinese partner Yankuang to design and build an alumina refinery in Western Australia. The 1,1-million ton a year refinery would require 3,5-million tons of bauxite,...

CVRD restructures logistics companies

Brazil’s Companhia Vale do Rio Doce (CVRD), Companhia Siderurgica Nacional (CSN) and other non-listed companies have signed a contract for the purchase and sale of shares in logistics companies.

Anglo has no immediate plans for Gold Fields

Resources group Anglo American had no immediate plans for its stake in the world’s most profitable gold producer, Gold Fields, but it was likely to use its position in the company to support initiatives that seek to optimise synergies...