Company Announcement: Basil Read Successfully Completes Five-Year Contract With Rossing Uranium

Construction company Basil Read’s contract term for Rio Tinto’s Rössing Uranium Mine has come to an end, after five successful years on site. Situated in Namibia, Rössing is the world’s largest running open pit uranium mine and the third...

Macarthur to develop fourth mine by 2014 – CEO

Australian miner Macarthur Coal said on Tuesday that it was looking to double its 2009 sales volumes over the next five years to reach 9,2-million tons a year. “We are committed to achieving sales of 9,2-million tons a year by 2014 by...

Gem Diamonds sticks to FY target despite weaker interim output

LSE-listed Gem Diamonds was confident that it could meet its full-year targeted output at its 70% owned Letšeng mine, in Lesotho, despite production having dropped by 5% to 44 748 ct in the first half of this year. This was compared with the 47...