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Billionaire Friedland close to deal with BHP on Guinea iron-ore

By: Bloomberg     17th May 2019 Billionaire mining investor Robert Friedland is close to a deal to take over an iron-ore deposit in Guinea from owners including BHP Group, according to people familiar with the situation. Friedland is in advanced talks with BHP, Newmont Goldcorp and Areva, that will see him move to develop the... 

Troy targeting growth at Karouni

By: Esmarie Iannucci     15th May 2019 Junior gold miner Troy Resources will continue to target growth opportunities at its Karouni gold project, in Guyana, with the miner hoping to extend its project holding through acquisitions or joint ventures. Speaking on the sidelines of the Paydirt Latin America Downunder conference, in... 

Vale says may expand Carajas Serra Sul mine, doubling output

By: Reuters     14th May 2019 Brazilian miner Valesaid on Tuesday it is considering doubling the output of its Carajas Serra Sul iron-ore mine in the northern part of the country after 2020, saying the move would allow it to cut the use of tailings dams. One such dam, used to store the muddy, toxic mining debris, collapsed... 

Higher export prices, weaker exchange rate to underpin Kumba’s interim financials

By: Simone Liedtke     14th May 2019 JSE-listed Kumba Iron Ore expects to deliver a stronger financial performance, underpinned by higher average iron-ore export prices and a weaker rand:dollar exchange rate for the six months ending June 30. Headline earnings and basic earnings for the period are expected to increase by 160%... 

Fortescue soars on new dividend payment

By: Esmarie Iannucci     14th May 2019 The share price of iron-ore miner Fortescue Metals jumped more than 7% on Tuesday after the company announced a fully franked dividend of 60c a share. The new dividend brought the total amount of dividends for the 2019 financial year to date to 90c a share, inclusive of the 19c a share interim... 

Mining industry’s image in tatters following deadly Brazilian tailings dam collapse

By: Rebecca Campbell     10th May 2019 At 1.00 PM, local time, on January 25 this year, the deactivated Tailings Dam 1 of the Córrego do Feijão (“Bean Stream”) iron ore mine, owned by Brazil’s world-renowned mining group Vale and located near the small town of Brumadinho in the Brazilian State of Minas Gerais, suddenly collapsed. The... 

First factory-fitted payload management system launched

By: Thabi Madiba     10th May 2019 Japanese yellow metal equipment manufacturer Komatsu and its subsidiary, mining equipment solutions provider MineWare, launched the first factory-fitted payload management system – the Argus PLM – during the bauma 2019 trade fair, held in Germany last month. The Argus PLM drives whole-of-mine... 

Mining industry’s image in tatters following deadly Brazilian tailings dam collapse

By: Rebecca Campbell     10th May 2019 At 1.00 PM, local time, on January 25 this year, the deactivated Tailings Dam 1 of the Córrego do Feijão (“Bean Stream”) iron ore mine, owned by Brazil’s world-renowned mining group Vale and located near the small town of Brumadinho in the Brazilian State of Minas Gerais, suddenly collapsed. The... 

Miners delivered 23% of WA's revenues

By: Esmarie Iannucci     9th May 2019 The Western Australian resources sector has contributed more than A$7.23-billion in royalties and grants, contributing to the state government declaring an operating surplus of A$553-million for 2018-19. Western Australian Treasurer Ben Wyatt has predicted an operating surplus of A$1.5-billion... 

Rio awards landmark contract

By: Esmarie Iannucci     9th May 2019 Mining major Rio Tinto has awarded a A$20-million, five-year contract with Yurra Pty Ltd to provide civil maintenance services around the company’s Pilbara rail network. Yurra is majority owned by the Yindjibarndi Aboriginal Corporation (YAC), the appointed representative of the Yindjibarndi... 

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