Friedland upbeat about SA platinum discovery

Canada’s Ivanplats has discovered a significant platinum deposit near Mokopane in South Africa, reports CEO Robert Friedland, adding that it was considering setting up smelting and refining operations in the country.

Cameco to pay C$150m for Areva's Millennium stake

Cameco, the biggest uranium producer in the world, has agreed to buy Areva’s 28% stake in the Millennium project in Saskatchewan for C$150-million, sparking speculation the French nuclear giant might put other Canadian assets up for sale. While...

Exploration work on Tier 1 discoveries on track

Exploration and development company Ivanplats says rapid and significant progress is being made at its two Tier-1 mineral projects in Africa.

Lake Maitland mine, Australia

A uranium mine in western Australia.

Itochu buys 15% stake in Maules Creek coal project

ASX-listed coal-miner Aston Resources has signed a A$345-million asset sale and purchase agreement with Japan’s Itochu Corporation, which would acquire a 15% stake in the Maules Creek coal project, in New South Wales. Aston has also extended...

Beach and Itochu may build A$1bn LNG facility in S Australia

Oil and gas company Beach Energy and its Japanese partner Itochu Corporation have identified potential South Australian sites for a A$1-billion liquefied natural gas (LNG) facility. The two companies signed a memorandum of understanding in July...

Beach Energy and Itochu team up to develop LNG project

ASX-listed oil and gas explorer Beach Energy has entered into a memorandum of understanding with Japan’s Itochu Corporation to investigate the potential for a joint development project. Beach said on Tuesday that the companies would be looking...

Japan's Itochu buys 15% of Kalahari Resources

Japanese-based Itochu Corporation said on Friday that it would acquire a 15% stake in Kalahari Minerals, through its Australian subsidiary Nippon Uranium Resources. This would make Itochu the largest shareholder of Kalahari Resources, which, in...

Mega Uranium earned C$21,5m in 2009

Toronto-based Mega Uranium on Tuesday reported net income of C$21,5-million for the year ended September 30, up from a net loss of C$195,5-million in the previous 12 months. In the prior period, the company recorded write-downs of...

Iron-ore project celebrates anniversary

Mining giant BHP Billiton Iron Ore and Western Australia’s Pilbara communities last month celebrated what BHP Billiton is calling a significant milestone in Australia’s mining history by marking the fortieth anniversary of the railing and...

Brazilian giant to produce coke in China

Diversified miner Companhia Vale do Rio Doce (CVRD) has announced that it signed an agreement with Yankuang Group, a coal producer, and Itochu Corporation, Japanese trading company, to incorporate the joint venture Shandong Yankuang International...

Xstrata sells stakes in joint ventures

Mining company Xstrata yesterday confirmed the successful closing of a transaction to sell, as a package, a 20% interest in the Newlands, Collinsville, Abbot Point (NCA) joint venture, a 20% interest in the Oaky Creek Coal (OCC) joint venture and...