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Diversified Miners
 
LABOUR INACTION

Workers strike at Bolivia's top tin mine, seek better pensions

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Workers on strike at Bolivia's biggest tin mine, state-run Huanuni, have cost the mine $5-million in lost output since they walked off the job on May 6, the government said on Friday. Miners at Huanuni have joined a general strike to demand...
By: Reuters
17th May 2013
 
 
COMMODITIES

Focus on cost reduction as volatile prices place strain on projects

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Advisory firm Deloitte on Friday warned that the continued economic uncertainty, and consequent volatility in equity and commodity markets, were increasing pressures on major capital projects, prompting a focus on cost reduction and timely...
By: Esmarie Swanepoel
17th May 2013
 
 
RARE EARTHS

Critical alternative rare earths sources still not secured since China’s 2010 export restrictions

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Following the global economic downturn of 2008/09 and a series of events and press reports in 2010 that coined what some referred to as the “rare-earth crisis,” there has been a glut of new rare earths projects starting out, yet few have...
By: Henry Lazenby
17th May 2013
 
 
COAL

Mozambique unit of India's JSPL dispatches first coal shipment

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The first shipment of coal mined by JSPL Mozambique Minerals at its Chirodze operation in the Tete province of the African country has been exported to India from the port of Beira. The shipment amounted to 36 600 t and was loaded on to the...
By: Keith Campbell
17th May 2013
 
 
DIVERSIFIED MINER

Glencore brings in ousted BP boss as interim chairperson

0 COMMENTS
Glencore Xstrata has appointed Tony Hayward as its interim chairperson, a source with knowledge of the matter said, propelling the once "vilified" former BP chief executive into the limelight after an unexpected boardroom coup. John Bond, a City...
By: Reuters
16th May 2013
 
 
BAUXITE

Rio gets nod for Cape York bauxite project

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Australian Environment Minister Tony Burke on Wednesday approved Rio Tinto’s South of Embley bauxite mine, in Queensland, but imposed 76 conditions on the $1-billion, western Cape York Peninsula-based project, to protect the Great Barrier Reef....
By: Esmarie Swanepoel
15th May 2013
 
 
M&A

M&A activity to remain low despite economic optimism – E&Y

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Only 24% of global mining and metals companies will focus on mergers and acquisitions (M&A) in the next six months, despite 57% of companies viewing the economy as improving – up from 21% in October, auditing firm Ernst & Young's (E&Y’s)...
By: Henry Lazenby
14th May 2013
 
 
Diversified Miners

Norton Rose predicts continued onslaught of proxy battles in mining sector

0 COMMENTS
On April 8, New York-based hedge fund Jana Partners expressed confidence that two of its five nominees would be voted onto the board of Canadian fertiliser producer Agrium at the company's annual general meeting the following day. The company is...
By: Simon Rees
14th May 2013
 
 
 
 
 
 
 
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