Bombardier implements train control technology at Swedish iron-ore mine

International minerals group Luossavaara-Kiirunavaara AB (LKAB) on Tuesday reported that it had inaugurated the deepest new production level at its Kiruna iron-ore mine, in northern Sweden. The company implemented Canadian rail technology company...

U3O8 Corp outlines Argentina strategy

Canada-based uranium project developer U3O8 Corp this week outlined its strategy for Argentina, saying it believed the Laguna Salada deposit was a potential low-cost, near-term producer, and setting up a pipeline of projects for sequential...

Vale cuts Mozambique coal export target by 30%

Brazil's Vale has cut the 2013 export target for its Mozambique coal mine by nearly a third, a company official said on Friday, after heavy floods temporarily shut a railway line. Vale now sees exports at 3.4 million tonnes for the year, down...

Alternative rare earths remain elusive three years after curbs

Following the global economic downturn of 2008/9 and a series of events and press reports in 2010 that coined what some referred to as the “rare-earths crisis”, there has been a glut of new rare earths projects starting out, yet few have...

Critical alternative rare earths sources remain elusive well after 2010 curbs

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...

Brazil's tarnished oil industry polishes image with rights sale

For the first time in nearly five years, Brazil's flagging oil industry has received serious interest from private investors. Brazil's oil agency, the ANP, sold 142 exploration areas to 39 companies from 12 countries on Tuesday, wrapping up the...

Potash Corp sees spot potash prices rebounding

Spot market prices for the crop nutrient potash are rebounding after some of the world's biggest fertiliser consuming countries signed contracts at deep discounts, according to Potash Corporation of Saskatchewan . "Basically, what we've done is...

Petronas bolsters Brazil's Batista with $850m oil-field buy

Malaysian state oil company Petronas agreed to pay $850-million for a stake in two Brazilian offshore oil blocks, bolstering billionaire Eike Batista who is selling assets to keep his energy, mining, port and shipbuilding empire afloat. Petronas,...

Belo Sun announces PFS for flagship Brazilian project

Brazil-focused exploration company Belo Sun this week announced results of a prefeasibility study (PFS) for its flagship Volta Grande project in central Brazil. The study placed a potential after-tax net present value of $474.2-million on the...

Company Announcement: Promising Initial Results from Ouro Paz Joint Venture Drilling

Over 2,500m of diamond drilling is completed in 20 holes testing six prospects within the Union Project area. Assay results recently received for the first eleven holes totalling 1,263m drilling from four of the six prospects.

Rio Tinto to press on with iron ore expansion plans

Rio Tinto, the world's No.2 iron ore miner, is set to press on with plans to boost production at its Australian mines by a quarter by 2015, shrugging off pressure to slow spending and conserve cash as the commodity boom cools. In spite of...

Company Announcement: Partnership ethos marketed to best-of-breed

The first Bigen Africa Partnership Conference was held in March at the CSIR conference facility in Pretoria – attended by hand-picked stakeholders and potential partners from across the globe