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EXPLORATION

Talon Metals reports maiden resource at Tamarack project, MN

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TSX-listed Talon Metals on Tuesday reported a maiden resource estimate for its Tamarack nickel/copper/platinum project, located in Minnesota. British Virgin Islands-based Talon in June clinched an earn-in agreement with Kennecott Exploration, a...
2nd September 2014
 
 
IRON-ORE

Lacklustre Chinese demand drives iron-ore prices to 5yr low

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Benchmark iron-ore prices, which had fallen by more than a third since the start of the year, last week breached the $90/t level and this week continued to spiral lower to 86.2/t on Monday, as a supply glut faces reduced demand growth from the...
2nd September 2014
 
 
COPORATE ACTIVITY

Vale, Glencore break off talks over Canada nickel deal – sources

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Vale and Glencore have broken off talks over combining their nickel assets in Canada in a deal that could have produced over $1-billion in annual cost savings, sources close to the matter said. The discussions over linking the two companies'...
2nd September 2014
 
 
ENVIRONMENT

Grupo Mexico says Buenavista mine not affected by search of offices

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Grupo Mexico, a metals miner and railroad operator, said on Monday that operations at its Buenavista mine were not affected by a search of its offices late last week by the federal prosecutor's office, part of an investigation into a toxic spill....
2nd September 2014
 
 
LEGISLATIVE ENVIRONMENT

Mining’s legal framework replete with problems – Hulme Scholes

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Mining lawyer Hulme Scholes The legal frameworks for the South African mining industry are replete with problems, mining law expert Hulme Scholes outlined on Tuesday. Speaking at a client and media presentation organised by reputation management company Magna Carta, the...
2nd September 2014
 
 
PEOPLE

New Codelco CEO takes helm, sees changes ahead

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Codelco CEO Nelso Pizarro Nelson Pizarro took over as the new CEO of Chile's Codelco on Monday, vowing to make "all changes necessary" at the world's top copper producer as it embarks on an ambitious multi-billion dollar investment plan. Industry veteran Pizarro,...
2nd September 2014
 
 
GOLD

Kibo says near-term gold production possible from Imweru, mulls sale

0 COMMENTS
A full internal review of historic exploration data from mineral asset explorer and developer Kibo Mining’s flagship Imweru project, in Tanzania, has confirmed the potential viability of early gold production. The review had demonstrated that...
2nd September 2014
 
 
INDONESIA EXPORTS

Newmont agrees tentative deal with Indonesia in export dispute

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Newmont Mining has reached a tentative agreement with the Indonesian government on contract renegotiations, the CEO of the firm's local unit said, as both sides moved closer to ending an eight-month tax dispute that halted copper exports....
2nd September 2014
 
 
DIVERSISIFED MINERS

Petmin likely to maintain FY headline earnings despite impairments

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JSE-listed diversified miner Petmin said on Monday that, following a strong operational performance at the Somkhele coal mine – with revenue in excess of R1-billion for the first time and anthracite production exceeding one-million tons – it...
2nd September 2014
 
 
CONTRACT MINING & MATERIALS HANDLING

Troubled contract mining division eats into Eqstra profit

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Eqstra’s Contract Mining and Plant Rental division served as a heavy drag on the company’s results for the year ended June 30, released on Tuesday. Group revenue increased by 9.8%, to R10-billion, compared with the previous financial year,...
2nd September 2014
 
 
 
 
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