New Pike River owner says body recovery to take years

New Zealand’s Solid Energy has signed a purchase and sales agreement with the receivers of the now defunct Pike River Coal to acquire its coal assets, following a due diligence. In November 2010, 29 miners were killed at the Pike River...

Rio Tinto chair more confident than 6 months ago

Diversified miner Rio Tinto chairperson Jan du Plessis said on Thursday that while the global economy continued to experience volatility, the economic picture had improved. He told shareholders at Rio Tinto’s annual general meeting in Brisbane,...

India to import 36.8Mt of coking coal in 2012

The Indian steel industry would have to import 36.8-million tons of coking coal in 2012 to meet an estimated steel demand of 58.7-million tons. This import would increase to some 43.3-million tons in 2013 against a steel demand of 65-million tons,...

Q1 production decline for OceanaGold

ASX- and TSX-listed gold miner OceanaGold has reported a 23% decline in gold production for the first quarter of its financial year, as New Zealand operations were impacted by planned maintenance shutdowns, and ground movements. During the three...

Macraes mine, New Zealand

An openpit and underground gold mine in the Otago region of South Island.

Heritage splits company to focus on Talisman

ASX-listed Heritage Gold NZ on Wednesday announced plans to split the company into two new entities in order to focus on the development of its Talisman gold project, in New Zealand. The Talisman mine would fall under the newly named New Talisman...

IDC invests big in revamped Platmin, Wits plans major mine research thrust, Rio moves mine automation to India

South Africa’s State-owned Industrial Development Corporation (IDC) has made its biggest single investment in five years - R3.24-billion - in Platmin’s comeback as an integrated mining and beneficiation Newco; Wits University is resuscitating...

Atlantic scraps share purchase plan as prices fall

Vanadium and iron-ore miner Atlantic has suspended its share purchase plans, announced earlier this month, as its share price tumbled below the anticipated asking price. Earlier this month, Atlantic secured A$41.7-million in new funding,...

Forge signs JV agreement for Balla Balla

ASX-listed Forge Resources has signed an agreement with New Zealand’s Todd Capital, securing a joint venture (JV) partner for its Balla Balla magnetite-vanadium-titanium project, in Western Australia, as part of a A$50-million funding...

Company Announcement: Announces appointment of Non-Executive Director

International gold producer, Mundo Minerals Limited (ASX Code: MUN and MUNO) (“Mundo” or “the Company”), is pleased to announce that it has today appointment Mr Christopher Chalwell to the Board of Mundo as a Non-Executive Director.

Company Announcement: Maiden 82,500 tonne Rare Earth Inferred Resource at Milo

Australian resources company GBM Resources Limited (ASX:GBZ) (“GBM” or “the Company”) is pleased to announce a maiden rare earth resource for the Milo Iron Oxide Copper Gold (IOCG) and Rare Earth Elements and Yttrium (REEY) Project in...

Convention grows in leaps and bounds

The goal for the Prospectors and Developers Association of Canada (PDAC) 2012 convention is to once again be the world’s leading convention for the mineral exploration industry and to be the premier networking and educational event for a...