Company Announcement:AIOG and SOGUIPAMI form JV for 51% ownership of Simandou South Infrastructure Company SPV Simfer

Conakry, Geneva and London: African Iron Ore Group Limited and Société Guinéenne du Patrimoine Minier, the Government of the Republic of Guinea’s investment vehicle, are pleased to announce their agreement to form a joint venture company,...

PanTerra starts processing at Las Lagunas

ASX-listed gold miner PanTerra Gold has started processing at its Las Lagunas gold/silver project, in the Dominican Republic. High-grade refractory tailings from the Pueblo Viejo mine were currently being fed into the Albion carbon-in-leach (CIL)...

CIC Energy sells C$10m stake to Vitol

Shares in CIC Energy, hoping to build a coal mine and power station in Botswana, rose on Tuesday after the company agreed to sell a 9.1% stake to Geneva-based energy trader Vitol for C$10-million, or C$1.90 a share, representing a 79% premium to...

Products do their bit in Quebec

Diamond drill bits from global mineral exploration company Boart Longyear are having a positive impact on iron-ore drilling operations in the remote area of Schefferville in northern Quebec, Canada.

Wall St commodity talent wars: Return of the merchants

When it comes to hiring top commodity traders, what goes around comes around. Wall Street, after years of poaching the best and brightest from specialized commodity firms, is losing the war to keep the essential traders who know how to arbitrage...

Glencore commodity trading earnings slump in 2011

Glencore lost money on agricultural commodities in 2011 by trading volatile cotton markets and saw the profitability of trading metals and oil remaining weak or declining, the commodities giant said on Tuesday. Glencore, which rivals Vitol for...

Keaton moves forward with R140m Leeuw acquisition

JSE-listed energy coal company Keaton Energy has received approval from Mineral Resources Minister Susan Shabangu to buy the controlling stake in export coal producer Leeuw Mining & Exploration (LME), it said on Wednesday. Keaton Energy reported...

Investment in copper mining to be driven by health metal’s benefits

New study results released by the Medical University of South Carolina (Musa) on the antimicrobial properties of copper and its alloys, will have an unprecedented effect on the copper-mining industry in sub-Saharan Africa, says the Copper...

Company Announcement: Foster Wheeler Awarded Epcm Contract By Sasol For Obl Portion Of Gas Engine Power Plant In South Africa

Foster Wheeler AG announced today that a subsidiary of its Global Engineering and Construction Group has received an engineering, procurement and construction management services contract from Sasol New Energy Holdings Limited for the outside...

Brazil's Vale to stick to quarterly iron-ore pricing

Brazilian mining company Vale will not move away from its quarterly iron-ore pricing formula, Vale's global marketing director Pedro Gutemberg said. But the miner, the world's biggest producer of iron-ore, is proposing a new pellet premium...

Keaton in R140m Leeuw deal, coal-trading tie-up

JSE-listed energy coal company Keaton plans to acquire a 74% interest in South African export coal producer Leeuw Mining in a nigh R140-million transaction that will also bring a global coal-trader on board, as well as rescue 400 jobs through a...

Constraints to SA’s mining industry, foreign investment

South Africa’s revised Mining Charter, black economic empowerment (BEE), the judicial system and reviewed laws are constraining mining industry development and its foreign investment, reports international law firm White & Case South Africa.