Mongolia iron-ore miner in $300m Hong Kong IPO – source

Mongolian iron-ore miner Altain Khuder plans to raise about $300-million through a Hong Kong initial public offering (IPO), a source with knowledge of the matter told Reuters, underscoring a push by mining companies from the resource-rich country...

Indian steel companies secure new iron-ore reserves

Two Indian steel companies, Steel Authority of India Limited (SAIL) and Rashtriya Ispat Nigam Limited (RINL) would be granted new iron-ore leases in the central Indian province of Rajasthan. SAIL and RINL would be granted leases for 864.6 ha and...

Vale says iron-ore sales brisk despite slower China

Brazilian miner Vale is selling iron-ore about as fast as it can mine it despite a slowdown in the economy of China, its top customer, the company's head of investor relations said on Monday. A string of economic indicators show China, the...

Dump truck rebuilt to improve safety

Safety in the work environment remains a critical issue that must be addressed successfully, no matter what industry it is, and mining houses invest considerable resources in attempts to ensure the well-being and safety of their employees, says...

Brazil billionaire's CCX to list on S.Paulo bourse

Brazilian billionaire Eike Batista's conglomerate, EBX, will list its Colombian coal mining offshoot, known as CCX, on the Sao Paulo stock exchange on May 25, the head of the newly founded company said on Tuesday. The listing would be the fifth...

Ultrafiltration technology used at new water treatment plant

Ultrafiltration membrane technology will be used at a new water treatment plant for minerals exploration and development company African Minerals’ Tonkolili iron-ore mine, in Sierra Leone, West Africa, reports water treatment engineering company...

African Minerals CEO steps down after 3 yrs

African Minerals surprised the market on Tuesday when it said CEO Alan Watling intended to retire after just three years at the helm, following completion of an early stage in its key Sierra Leone iron-ore project. News of Watling's planned...

Vale sees higher tax bills ahead

Vale, the world's largest iron-ore miner, expects demand and prices for its main product to recover through 2012, but is likely to face bigger future tax bills that would make it harder to capitalise on any improvement in metal markets, company...

Consultancy expands to service underground mining operations

To provide a wider consulting service offering, mining consultancy VBKom Consulting Engineers this year plans to include underground mining and rehabilitation planning in its area of expertise.

KIOCL seeks access to cancelled iron-ore leases

Indian iron-ore miner KIOCL, formerly known as Kudremukh Iron Ore Company Limited, was seeking iron-ore mining leases in the southern Indian province of Karnataka from among the list of lease cancellations drawn up following investigations into...

UGL wins A$370m in contracts

Diversified services provider UGL has secured A$370-million in new contracts, of which the majority were targeted towards the resources sector. The ASX-listed project house said on Friday that more than A$270-million of the new contracts was in...

Forge wins second contract at Solomon

Project house Forge has been awarded a second major contract at iron-ore miner Fortescue Metals’ proposed Solomon development, in Western Australia’s Pilbara. The group reported on Wednesday that it had been given a notice of award of a...