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DIVERSIFIED MINERS

Anglo American’s strong Q1 output growth blighted only by platinum woes

Global mining major Anglo American saw an across-the-board swell in production across its minerals portfolio for the first three months of the year, marred only by a hefty drop in output from its platinum business, which continues to confront...
24th April 2014
 
ENGINEERING SERVICES

AngloGold Ashanti awards engineering contract for Colorado gold mine

Global engineering and construction firm Foster Wheeler on Wednesday announced that a subsidiary of its Global Engineering and Construction Group had been awarded a contract for basic engineering for the Squaw Gulch ADR2 project, a new adsorption,...
23rd April 2014
 
BASE METALS

Amerigo strikes new Codelco accord, to process tailings till 2037

Canadian base metals producer Amerigo Resources, which produces copper and molybdenum from tailings from the world's largest underground copper mine, Codelco's El Teniente operation, in Chile, on Tuesday announced that it had secured a new master...
22nd April 2014
 
DIVERSIFIED MINER

BHP hikes iron-ore, met coal production forecasts

Diversified major BHP Billiton has reported record production for four of its commodities, at ten operations, during the nine months ended March, and increased its full-year iron-ore and metallurgical coal production expectations. “Our...
16th April 2014
 
IRON-ORE

Chile iron-ore firm CAP sees $650m capex, new project in 2014

Chilean steel and iron-ore producer CAP SA will invest $650-million this year, mostly at its Cerro Negro Norte iron-ore operation in the country's northern Atacama region, CE Fernando Reitich said on Tuesday. CAP, which forecasts iron ore sales...
16th April 2014
 
PRIVATE EQUITY

Private equity seeks sound management and robust business plans

Mining companies must have the right management team and business plan in place in order to attract private equity investment, Denham Capital metals and minerals director Caroline Donally told Mining Weekly Online. “The team brings by far and...
11th April 2014
 
ENERGY SERVICES

Chile's GasAtacama has US LNG providers lined up, awaits miners

GasAtacama, energy provider to metal producers in Chile's Atacama desert, has lined up eight potential US natural gas suppliers for a proposed import terminal on its Pacific Coast, but uncertainty about energy demand has delayed deals, CEO Rudolf...
11th April 2014
 
BASE METALS

Peru's Milpo says it plans to restart suspended copper mines

Peru's Milpo, which is controlled by Brazilian industrial group Votorantim, said it planned to restart two small copper mines in Peru and Chile in 2015 and 2016. Milpo suspended its Chapi project in Peru and Ivan mine in Chile partly because of...
10th April 2014
 
COPPER

Mining starts at Panga - Mining Group

Perth-based metals developer Mining Group has started mining activities at the Panga mine, which forms part of the El Roble copper project, in Chile. Mining Group has previously considered and discarded the possibility of an opencast operation at...
10th April 2014
 
COPPER CEOs

Top copper mining executives speak in Santiago - highlights

Top copper mining executives have flocked to Santiago to discuss the state of the industry as concerns about oversupply and a credit crisis in China, the world's No 1 industrial metal user, weigh on prices and sentiment. The following are some of...
9th April 2014
 
COPPER

Copper price expected to fall, possibly test $6 000/t as supply surges – GFMS

The global copper market is expected to post a moderate surplus this year, which will result in copper prices remaining under pressure, the fifth instalment of Thomson Reuters’ ‘GFMS Copper Survey 2014’ has found. The average yearly price...
8th April 2014
 
MINING TAX

Most Chileans want mining companies to be taxed more - poll

Nearly three out of four people in Chile believe mining companies should pay more in taxes, a survey conducted by pollster MORI and the Universidad Catolica's mining centre showed on Tuesday. Nearly a third of the world's copper is produced...
8th April 2014
 
 
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