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COAL

Environment Minister approves A$16.5bn Carmichael coal project Restricted

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Federal Environment Minister Greg Hunt has approved the A$16.5-billion Carmichael coal mine and rail project, in Queensland. India’s Adani Mining would develop an opencut and underground mine, which is expected to produce about 60-million...
28th July 2014
 
 
GOLD

Orinoco teams up with Cleveland to speed up Brazil gold project Restricted

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ASX-listed miner Orinoco Gold and Cleveland Mining have teamed up to fast-track the development of Orinoco’s Cascavel gold project, in Brazil. Under the terms of the agreement, Cleveland would assist Orinoco in mining, extracting, processing...
28th July 2014
 
 
COAL

India sets target for captive coal mining production Restricted

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India’s Coal Ministry has set a captive coal production target of 68-million tonnes during 2014/15 from all blocks allocated to various companies for own fuel use. According to a Coal Ministry circular, “the production target has been set and...
28th July 2014
 
 
APPOINTMENT

Basil Read appoints Nicolau CEO Restricted

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Basil Read CEO Neville Nicolau Construction, mining, development and engineering group Basil Read on Monday announced the appointment of Neville Nicolau as CEO and executive director of the company as from September 1. Nicolau, a former CEO of Anglo American Platinum and a...
28th July 2014
 
 
Breaking News

Creamer Media publishes Real Economy Insight: Coal 2014 research report Restricted

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This four-page brief covers key developments in the coal industry over the past 12 months, including details of demand and logistics, as well as prospects for the sector.
28th July 2014
 
 
COPPER EXPORTS

Freeport set to resume Indonesian copper exports Restricted

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Freeport-McMoRan clinched a deal with the Indonesian government on Friday allowing the miner to resume copper concentrate exports from the country, effectively ending a six-month tax dispute and paving the way for more miners to follow suit....
25th July 2014
 
 
IMPORT DUTIES

US sets duties on ferrosilicon from Venezuela, not Russia Restricted

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The US Department of Commerce on Friday confirmed final import duties on ferrosilicon from Venezuela and found no dumping of products from Russia, upholding an earlier decision. Final dumping margins on ferrosilicon, used as an alloying agent in...
25th July 2014
 
 
DRILLING SERVICES

Major Drilling expands services underground Restricted

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Canadian drilling equipment and services provider Major Drilling this week announced its entry into the underground percussive/long-hole drilling sector with an agreement to buy Taurus Drilling Services for C$27.7-million. The Moncton, New...
25th July 2014
 
 
PROJECT FINANCING

Osisko Gold Royalties buys into NioGold for C$4.9m Restricted

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The TSX-V-listed stock of junior exploration firm NioGold Mining on Friday soared by as much as two-thirds after announcing a C$4.9-million private-placement financing with Osisko Gold Royalties. Vancouver-based NioGold said Osisko would buy...
25th July 2014
 
 
COMPANY REORGANISATION

Veris Gold granted provisional relief in the US Restricted

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Gold producer Veris Gold was this week granted provisional relief under Section 1519 of the US Bankruptcy Code. As of  Wednesday, the ruling recognised the Canadian proceeding of the Companies' Creditors Arrangement Act (CCAA) and, as a result,...
25th July 2014
 
 
 
 
 
 
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