Norilsk reaffirms potential hostile AMR bid

Russia’s Norilsk Nickel on Thursday reaffirmed its potential hostile bid to take over TSX-V-listed Asian Mineral Resources (AMR) through an all-cash transaction. Norilsk, the world’s biggest nickel and palladium producer, said it had...

Asian Minerals says Norilsk hostile offer 'too vague'

Directors of emerging nickel producer Asian Mineral Resources (AMR) on Thursday said a hostile takeover bid by Russia's Norilsk Nickel, the world's biggest nickel and palladium producer, for all the shares of AMR, was “too vague”. In a...

Updated expertise to be made available to industry

The third edition of the reference book ‘Blasthole Drilling in Open Pit Mining’, which serves as a guide to mining engineers in the opencast mining industry, will be released in September this year, mining services company Atlas Copco reports.

Santos output climbs 13% as new projects lift production

Australian energy major Santos has reported a 13% increase in production during the first quarter ended March. Production reached some 12.4-million barrels of oil equivalent, primarily owing to added production from new assets, including first...

Company Announcement: China’s Zinc Demand to Outstrip Production

A recent report shows that despite China’s proposed increases in Zinc output, a gap nevertheless remains between mine output and refined zinc demand both globally and in China itself, and that this gap may widen over time.

Japanese company to start rare earths production in India

Japan’s Toyota Tsusho Corporation was set to start rare earths production in India by April, from monazite sand mined in the country. Toyotsu Rare Earths India Private, a wholly owned subsidiary of Toyota Tsusho would use monazite sand...

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...

Fraser Institute poll names New Brunswick most attractive mining jurisdiction

New Brunswick has snatched the title as the most attractive jurisdiction to explore for minerals and build mines in the Fraser Institute’s yearly survey, jumping from last year’s position of twenty-third to beat Alberta. Of the 93...

Santos profit surges 51% on higher oil and gas prices

Australian oil and gas major Santos has reported a 51% increase in its net profit for the full year ended December, soaring to $753-million. The miner reported a $408-million profit after tax from asset sales, including a 15% interest in the...

Coal miner seeks partners for anthracite product

Australia-based coal developer ZYL is seeking potential offtake partners for the anticipated anthracite product from its proposed 1.5-million-ton-a-year Mbila project, in South Africa.

Santos reports higher sales for Dec quarter

Oil and gas major Santos has reported increased sales revenue for the three months to December, despite a decrease in production. During the December quarter, Santos produced 11.7-million barrels of oil equivalent, an 8% decline on the previous...

Coal developer ZYL attracts interest from potential buyers

Shares in ASX-listed ZYL jumped nearly 30% on Wednesday, as the South Africa-focused coal developer announced that it had received two unsolicited expressions of interest to either partner or acquire ZYL. ZYL appointed Macquarie Bank as a...