Metals X confirms talks with Samsung

ASX-listed Metals X on Friday confirmed that it was in discussions with “several international entities” regarding potential funding for the development of its Wingellina nickel-cobalt project, in Western Australian. The company was...

Company Announcement: Nalco guide to prevent boiler failure marks 20th anniversary with new addition

Nalco, providing essential expertise for water, energy and air, today at the 2011 International Water Conference announced the release of the second edition of The Nalco Guide to Boiler Failure Analysis, the comprehensive sourcebook on the subject.

Sinosteel suspends $2bn iron-ore project on Oakajee uncertainty

Iron-ore developer Sinosteel Midwest Corporation on Thursday placed its $2-billion Weld Range direct shipping ore (DSO) project on hold as uncertainty around the proposed Oakajee port and rail project continued to rage. Sinosteel was one of the...

Titanium discovery focuses attention on long-neglected Paraguay

Paraguay is hoping that the recent announcement of a major titanium discovery in the country’s Alto Parana department (roughly equivalent to a South African province), which borders Brazil, will greatly stimulate minerals and metals exploration...

Rio Tinto shrugs off doubts about BHP iron-ore JV

Diversified mining group Rio Tinto CEO Tom Albanese on Friday refuted claims that its iron-ore joint venture (JV) with fellow-miner BHP Billiton was “dead in the water”. “I don’t even know where that came from,” Albanese told newswire...

Anglo getting 'strong interest' for assets on the chopping block

Multi-product miner Anglo American said on Tuesday it has received “strong interest across the board” in its non-core asset divestment announced in October. There had been a particularly keen attraction to its zinc assets. Said spokesperson...

Sasol-Chesapeake-Statoil apply to explore for shale gas in Karoo

South Africa’s Sasol is taking steps to join the global search for shale gas. Shale has for long been considered a rock too difficult to drill, but the breakthrough of horizontal drilling and hydraulic fracturing has opened up shale along with...

Ivanhoe denies chairperson Friedland looking to sell out

There is “no truth” to a report that Ivanhoe chairperson Robert Friedland is conducting a sale of his 23% holding in the company, Vancouver-based Ivanhoe asserted on Thursday. Dow Jones news service said in an article that Friedland had put...

Anglo, Xstrata shares fall, Xstrata says no premium

The share price of Anglo American declined 1,7% in the top London index after Xstrata CEO Mick Davis said that a takeover premium would not be appropriate, and Xstrata shares fell 2,8% after it announced a 77% profit fall, Market Watch reported in...

Teck will sell senior secured notes to help repay bridge loan

Canadian diversified miner Teck Resources intends to launch an offering of senior secured notes, and will use the proceeds to repay borrowings under its bridge credit facility, the company announced on Monday. The notes will be priced on Tuesday,...

Talks under way over Indonesian coal prospect

The world's largest diversified miner BHP Billiton is reportedly in talks with India's largest steel company over a stake in an Indonesian coal-mine.

Peru garners global interest in big copper deposit

THE Peruvian Private Investment Promotion Agency (ProInversion) has announced that the La Granja copper/gold/silver deposit is open for international bidding.