Xstrata sinks new shaft at Ernest Henry

The copper division of diversified miner Xstrata on Thursday started construction work to sink a new hoisting shaft at its Ernest Henry operation, in Queensland, that would enable underground mine production to double from 2013. The hoisting...

Origin, Xstrata power project unit gets Chile OK

A Chilean environmental commission approved one of three generation units planned as part of global miner Xstrata Copper and Australian energy retailer Origin Energy's $3.6-billion hydropower Energia Austral project to ease a looming energy...

Mining investments driving Australian growth

The resources sector accounted for nearly half of the A$450.2-billion worth of major investment projects under way or committed to in Australia, Deloitte Access Economics reported on Wednesday. In its quarterly Investment Monitor, Deloitte noted...

Angry First Uranium shareholders seek to ‘kill two birds with one stone’

A group of disgruntled First Uranium shareholders are threatening to vote down AngloGold Ashanti’s $335-million purchase of the company’s dump reprocessing division Mine Waste Solutions (MWS), thereby killing the planned $70-million sale of...

Critical time for South Africa’s mining industry – Leon

The South African mining industry – a mainstay of the country’s $357-billion economy, the biggest in Africa as well as the basis of this country’s industrialisation – is at a crossroads, says Webber Wentzel partner and Africa mining and...

Critical time for South Africa’s mining industry – Leon

The South African mining industry – a mainstay of South Africa’s $357-billion economy, the biggest in Africa as well as the basis of this country’s industrialisation – is at a crossroads, says Webber Wentzel partner and Africa mining and...

Gold One secures financing for acquisitions

ASX- and JSE-listed Gold One has secured enough financing to complete its current acquisitions, the company said on Tuesday. The junior miner was granted an unsecured $75-million shareholder loan facility from Baiyin Nonferrous Group subsidiary...

Company Announcement: High-grade results from new deposit at Paulsens Project

Northern Star Resources (NST) is pleased to announce that it has taken another key step towards growing resources and production at its Paulsens Gold Project in WA with drilling at a relatively new deposit returning high-grade gold and silver...

Mitsubishi buys 25% of Marathon PGM project

Billings, Montana-based palladium and platinum producer Stillwater Mining has agreed to sell a 25% stake in its Marathon project in Ontario to Mitsubishi for $94.6-million, including a commitment from the Japanese firm to meet the venture’s...

Organic growth one project and Escondida oxide-leach area project, Chile

Rio Tinto has approved $1.4-billion for the two projects, while BHP Billiton has approved $2.6-billion.

Franco-Nevada chief sees space for further revenue diversification

The fall-off in equity markets late last year has more companies knocking on royalty and streaming firm Franco-Nevada’s door, and the TSX- and NYSE-listed company is not only looking to do gold deals. For the quarter ended December 31, around...

Company Announcement: Strong metallurgy results put Ashburton on track to be stand-alone 100,000ozpa project

Northern Star Resources Ltd (ASX: NST) is pleased to advise that it has committed to expediting plans to establish a 100,000ozpa stand-alone operation at its Ashburton Sulphide Gold Project in WA after metallurgy tests returned highly favourable...