Wandoan coal project, Australia

The Queensland Land Court has recommended the Queensland government approve Xstrata Coal’s mining lease applications for the Wandoan coal project.

Company Announcement: Queensland Land Court Recommends Mining Lease Approval for Wandoan Coal Project

The Queensland Land Court today recommended the Queensland Government approve Xstrata Coal’s Mining Lease Applications for the Wandoan Coal Project.

Strathmore gets investment for US uranium project from Korea

Uranium junior Strathmore Minerals said late on Tuesday it agreed to sell a 13.9% stake to Korea Electric Power Corporation for C$0.55 a share, or $8-million. The TSX-listed company said the agreement also included an off-take provision, without...

Pathe to replace retiring Sherritt CEO Delaney

Diversified miner Sherritt International said on Thursday said CFO David Pathe will replace CEO Ian Delaney, who will continue as chairperson. Delaney, a former investment banker, has been involved with Sherritt and its predecessor companies for...

Northparkes mine, Australia

A copper/gold mine, situated in Australia

Sherritt earnings up 20% y/y

TSX-listed Sherritt International's second-quarter profit rose 20%, to $60.1-million, thanks to higher coal and oil prices and increased nickel sales. The company sold 9.1-million pounds of nickel, 1.1-million pounds of cobalt, eight-million tons...

Sherritt extends start-up schedule, budget for Ambatovy

Sherritt International now only expects to produce the first metal at its new Madagascar nickel mine early next year, and has increased the capital cost estimate by about 16%, to $5.5-billion, the company said on Tuesday. CEO Ian Delaney had said...

Mindoro may split nickel, copper/gold assets into separate co's

TSX-V and ASX-listed Mindoro Resources may split its copper/gold assets in the Philipines into a new listed company, potentially in early 2012. The company is also looking for a large partner to help develop its flagship Agata nickel laterite...

Newmont inks agreement for final Batu Hijau sale

Newmont Mining has signed a definitive agreement with the Indonesian government for the sale of the last seven percent stake it and partner Sumitomo are required to divest in the Batu Hijau copper/gold mine. Newmont and partner Sumitomo agreed...

Sherritt earnings jump, nears first output at Ambatovy

TSX-listed Sherritt International more than doubled first-quarter profit to C$63,6-million, helped by higher commodity prices, and said on Wednesday it still expects to produce the first metal at its Ambatovy nickel project in Madagascar this...

Sherritt says Ambatovy cost raised to $4,76bn

The total cost for the Ambatovy nickel project in Madagascar is now pegged at $4,76-billion, including a contingency of $50-million, operator Sherritt International said on Friday. The previous figure issued by the company was $4,52-billion.

Indonesia deposit could be bigger than Batu Hijau – Newmont

The Elang copper/gold deposit in Indonesia, for which Newmont Mining and its partners received exploration permits in September, could turn out to be bigger than the huge Batu Hijau mine, Newmont CEO Richard O'Brien said on Tuesday. Elang is...