Brazil’s Vale invests to get around Chinese megaship ban

Brazilian diversified mining major Vale, the world’s number two mining group in terms of market capitalisation, Has announced that it is to establish a second floating iron ore transfer station, in Subic Bay in the Philippines. This station will...

Vale to build second iron ore storage ship in Asia

Vale will build a second floating iron ore storage vessel in Asia to feed shipments to its main market, China, a senior company official said on Monday, as the Brazilian miner works around Beijing's ban on its huge dry bulk ships. China, the...

Vale targets China firms over mega ship standoff

Brazil's Vale , the world's largest iron-ore producer, has stopped hiring vessels from some Chinese shipping firms in retaliation for Beijing's efforts to keep the miner's huge ships out of the country, traders and industry sources said. Chinese...

Environmental impact weighs heavy on opencast mining operations

Opencast mining has become increasingly unpopular with nongovernmental organisations and government authorities owing to its high environmental footprint, but the method is still the most economical option for mining houses, says minerals industry...

ENK sells off noncore assets

Dual listed emerging nickel miner ENK has sold off its noncore resources assets for some A$7.2-million. The ASX- and Aim-listed miner has sold its 5.01% shareholding in fellow listed Toledo Mining for A$698 000 in cash, as well as its 18.7%...

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...

Consultancy aiming to grow to accommodate more complex projects

Mining projects being established at remote locations need to be much larger than those operating in areas with existing infrastructure to justify capital investment in supporting infrastructure and, therefore, require higher production rates.

Gold Fields secures 40% stake in Philippines project

The world’s fourth largest bullion producer, Gold Fields, has exercised its 40% option in the undeveloped gold/copper Far Southeast project in the Philippines, the miner said on Thursday. The Johannesburg- and New York-listed firm acquired the...

New COO for ENK as it upgrades resource

Emerging midtier nickel miner ENK has appointed Dean Stuart as COO to drive the completion of its nickel operations in the Philippines. Stuart would be responsible for the successful completion of the bankable feasibility study and the subsequent...

Major gold miner making progress with diversification strategy

South Africa-based miner Gold Fields has established a strong growth portfolio over the next five years to increase its current gold production base of 3.5-million ounces a year, CEO Nick Holland said at the Investing in Africa Mining Indaba in...

Red 5 reports fatality at Siana

ASX-listed Red 5 has reported a fatality at its Siana gold mine, in the Philippines. Preliminary investigations by the company and authorities indicate “death by misadventure”, the company said, as the deceased was not at his assigned work...

SA improves in global mining ranking – survey

South Africa ranked 54th out of 93 global mining jurisdictions in this year’s Survey of Mining Companies, compiled by Canada’s Fraser Institute. This compared with South Africa’s 67th place out of 79 jurisdictions last year. South...