Mongolia iron-ore miner in $300m Hong Kong IPO – source

Mongolian iron-ore miner Altain Khuder plans to raise about $300-million through a Hong Kong initial public offering (IPO), a source with knowledge of the matter told Reuters, underscoring a push by mining companies from the resource-rich country...

Zincor closure bodes well for zinc industry’s future

The closure of diversified miner Exxaro Resource’s Zincor, South Africa’s only zinc refinery, at the end of 2011 has generated significant international interest and movement in the zinc industry, says International Zinc Association South...

Financial analyst to speak at Mining Indaba

Financial institution Credit Suisse commodities research VP Tom Kendall will focus on the outlook for the global gold sector during his presentation at the commodities review and outlook forum at the Investing in African Mining Indaba 2012.

African Iron in trading halt as Exxaro speculation mounts

Perth-headquartered African Iron on Tuesday fuelled further speculation that it was in the midst of takeover negotiations after requesting a share trading halt on the Australian bourse. Trading in African Iron shares was expected to resume no...

Exxaro mum on African Iron deal ‘speculation’

South Africa’s black-controlled diversified miner Exxaro Resources declined to comment on a report that it was in “advanced talks” to buy African Iron. Exxaro manager corporate communication Hilton Atkinson told Mining Weekly Online that the...

More technical work needed to define SA’s shale gas framework

The exploitation of shale gas in South Africa could be a "game changer" for the gas sector, a senior Department of Energy (DoE) official said on Tuesday. But he also appealed for patience to allow a Department of Mineral Resources (DMR) task team...

Massey chair Blankenship to retire Dec 31

Don Blankenship, the chairperson and CEO of US coal-miner Massey Energy will retire from the company effective December 31, the firm said on Friday.

Massey weighs offer from Alpha Natural – WSJ

Shares in Massey Energy jumped 11,2% on Friday, after the Wall Street Journal reported that the company was mulling a takeover offer from rival Alpha Natural Resources. The article cited unnamed people familiar with the matter.

Massey may idle older mines, confirms strategic review

US coal-miner Massey Energy may idle some older mines because of new and stricter safety policies being enforced by the US Mines Safety and Health Administration, president Baxter Phillips said on a conference call on Wednesday. Shares in the...

As gold price keeps upward trend, miners settle for organic growth

Despite dubbing it ‘the ultimate bubble’, billionaire George Soros is reportedly continuing to hold gold. The hedge-fund legend - whose Soros Fund is said to hold a $645-million in gold - has made his “gold is the ultimate bubble” comment...

McEwen still forecasting $5 000/oz gold

The gold price, hovering at record levels, could reach $5 000/oz by 2014, former Goldcorp CEO Robert McEwen said on Monday. Central banks having to print money to fund large deficits was the main driver behind this, he said.

Gold rises on bank scare; holds near lifetime high

Gold gained on Wednesday, within sight of a two-month high hit the previous day, as global stocks tumbled and the euro slipped on renewed fears about the health of the global economy. Gold, which is also a few dollars away from a lifetime high of...