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Australasia
 
MINING EQUIPMENT

Metso CEO sees weak mining demand through 2015

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Finnish engineering group Metso expects large investments in the mining sector will remain on hold next year, dampening demand for its grinding mills and crushers. "Demand for mining projects has been slow for some time, and we are not seeing any...
10th September 2014
 
 
IRON-ORE

Rio Tinto sees 125Mt of iron-ore capacity being cut in 2014

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World no.2 iron-ore miner Rio Tinto expects other miners worldwide to cut 125-million tonnes of iron-ore capacity in 2014, roughly equal to the amount of new supply expected to come on stream from Australia and Brazil. Iron-ore prices have...
10th September 2014
 
 
GOLD

Robust shareholders advised to accept takeover offer

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Gold miner Robust Resources on Wednesday advised shareholders to accept a joint takeover offer from Stanhill Capital Partners Holdings and Droxford International. The two parties last month announced that they would make a 49c a share takeover...
10th September 2014
 
 
IRON-ORE

IMX sells Mt Woods assets, extinguishes Flinders Port liability

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Mining and exploration company IMX Resources has agreed to sell its Mt Woods tenements, in South Australia’s Woomera area, to private company Cu-River Mining Australia for A$3.68-million. “While the Mt Woods tenements contain a substantial...
10th September 2014
 
 
COURT PROCEEDINGS

Bauxite settles legal dispute outside court

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Explorer Bauxite Resources on Wednesday announced that it would avoid court proceedings in a proposed class action against the company, deciding instead to settle the claim. The ASX-listed junior faced class action brought on by individuals and...
10th September 2014
 
 
GOLD

AngloGold springs London Newco surprise, sets out to raise $2.1bn

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Srinivasan Venkatakrishnan (Venkat), Johannesburg- and New York-listed gold-mining major AngloGold Ashanti on Wednesday sprung a restructuring surprise with the spinoff of a separate Newco that will be listed in London, along with corporate restructuring and the raising of additional...
10th September 2014
 
 
GOLD

Red Mountain advances DFS on Batangas

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Initial results from the definitive feasibility study (DFS) of ASX-listed Red Mountain Mining's Batangas gold project, in the Philippines, have delivered a significant increase in gold recovery and a new production schedule. The previously...
10th September 2014
 
 
GOLD

Medusa hopes review will deliver more gold

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Gold junior Medusa Mining was hoping a review of its Co-O mine, in the Philippines, would increase its production outlook for 2014/15. Based on the current production statistics for July and August, gold production would exceed 20 000 oz in the...
10th September 2014
 
 
MINING SERVICES

Cost cuts critical for mining service providers as projects dwindle

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Cost reductions and efficiency programmes have become increasingly critical for mining service providers as the number of major resource projects continued to decline, advisory firm Deloitte reported on Wednesday. In its latest Mining Services...
10th September 2014
 
 
ENVIRONMENTAL APPROVALS

Bill introduced to validate EPA decisions after ‘technical issues’ put 25 projects at risk

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The Western Australian government on Wednesday announced plans to introduce legislation to validate environmental approvals, after a review found 25 projects’ environmental approvals at risk of being declared invalid. This following a review of...
10th September 2014
 
 
GAS

Sunbird secures A$25m to advance Ibhubesi development

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Pan-African investment company Vandasia Investments will acquire a 43.9% interest in Southern African gas explorer and developer Sunbird Energy for about A$25-million. The investment company would acquire an initial 20.37-million Sunbird shares...
9th September 2014
 
 
MINING & ENVIRONMENT

Rio includes CCS in climate change arsenal

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Mining giant Rio Tinto has touted carbon capture and storage (CCS) as a viable solution to climate change, with Rio’s energy CEO Harry Kenyon-Slaney saying that further CCS milestones could be expected as the technology continues to prove...
9th September 2014
 
 
 
 
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