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MBAC extends debt maturity dates, secures $18.2-million working capital

Brazil-focused fertiliser producer MBAC Fertilizer made strides forward in addressing its liquidity position after successfully reprofiling its debt obligations and securing an $18.2-million working capital loan. The TSX-listed company had been...
27th August 2014

Nemaska Lithium core patent applications published

Quebec-based lithium project developer Nemaska Lithium on Wednesday reported that its two core patents for its proprietary methods to produce lithium hydroxide and lithium carbonate were published as part of the review process under the Patent...
27th August 2014

Voyager changes name and focus

ASX-listed junior Voyager Resources would propose a name-change to its shareholders, after acquiring the Salobo South copper project, in Brazil and switching its focus to copper. The previously Mongolia-focused explorer on Wednesday said that in...
27th August 2014

Votorantim Industrial swings back to profit on higher prices

Brazil's Votorantim Industrial swung back to profit in the second quarter compared to a year earlier as higher cement prices lifted its biggest unit. The private São Paulo-based group, whose interests also include mining, steel and cellulose...
25th August 2014

BHP Billiton’s Newco poised to benefit South Africa

Newco CEO-designate Graham Kerr (right) and Martin Creamer The assets that BHP Billiton plans to hive off into a new standalone global diversified metals and mining company generated sales revenue last year of close to $10-billion. In the last ten years, the commodities of the proposed new company...
22nd August 2014

Weaker prices see Iluka post big profit decline

Mineral sands miner Iluka has reported a significant decline in net profit after tax, owing to lower prices. Net profit for the six months to the end of June dropped to A$11.7-million, compared with the A$34.3-million reported in the previous...
22nd August 2014

Vale details activities in Mozambique

Brazilian mining major Vale’s Moatize mine in the Tete province of Mozambique produced some 4-million tons of coal last year, its second full year of operation. This was reported by the group’s subsidiary, Vale Moçambique, in its recently...
22nd August 2014

Coal mining in Mozambique, reaching mining’s potential, top-quality digital publication

Brazilian mining major Vale rises to Mozambique mining and logistical challenges; the first of a four-part series on reaching full mining portential; Creamer Media launches in new quality e-magazine format
22nd August 2014

India hikes royalty rates on minerals

The Indian government has approved a sharp increase in royalty rates for 55 notified minerals which was expected to yield $1.98-billion in revenue to the provincial governments where mining operations were conducted. The Cabinet of Ministers,...
21st August 2014

Brazil's Vale clinches environment license for Carajas mine expansion

Brazil's Vale, the world's largest iron-ore miner, secured a preliminary licence to expand its flagship Carajas mine, in the northern state of Para, which should help the company win a bigger slice of the sea-borne iron-ore market. The company...
20th August 2014

BHP plans to spin-out assets in new mining co

Andrew Mackenzie Mining giant BHP Billiton on Tuesday announced plans to demerge its aluminium, coal, manganese, nickel and silver assets into an independent metals and mining company. Chairperson Jac Nasser said the proposed demerger, if implemented, would...
19th August 2014

Policy dilly-dallying hampering recovery of India’s crisis-stricken mining sector

India’s newly elected government has the difficult task of trying to bridge the divide between the country’s mining potential and its tendency to procrastinate in policy- and decision-making. Delays, corruption, legislative inaction, illegal...
15th August 2014
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