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Stellar targeting September Baoulé trial mining start

Aim-listed diamond development company Stellar Diamonds’ Baoulé kimberlite diamond project, in Guinea, was on track for commissioning and processing of the first ore in September this year, CE Karl Smithson said on Monday. Trail mining of the...
11th August 2014

US shipping firm sues Alcoa for $300m in Guinea bauxite row

A US shipping firm is suing Alcoa for $300-million saying it suffered losses after the aluminium maker breached a contract with the Guinean government concerning bauxite shipments from the world's top exporter, court documents showed. Nanko...
11th August 2014

Rio Tinto says will hang back from north Simandou iron tender

Rio Tinto indicated it would not take part in a tender for the mining rights for the northern half of the disputed Guinea iron ore deposit Simandou, saying the government would prefer other companies to invest. The global miner already owns a...
8th August 2014

Randgold tightens precautions amid Ebola concerns

West Africa-focused gold miner Randgold Resources has moved to implement safety measures as some countries in West Africa were fighting an outbreak of Ebola. Randgold operated four gold mines and had exploration programmes in Mali, Côte...
6th August 2014

Glencore courts Guinea's iron ore treasures – document

Miner and commodity trader Glencore has expressed interest in iron deposits in Guinea, a presentation obtained by Reuters shows, although the company said it had not pitched for a stake in Simandou, the country's largest deposit. Glencore is the...
6th August 2014

Guinea's Simandou iron-ore trove: huge potential for the hugely patient

In a remote, southeastern corner of Guinea, the mist-shrouded Simandou mountain range rises above the lush forest. Buried under its green slopes lies some of the planet's finest iron ore, a treasure long coveted by the world's mining giants. But...
6th August 2014

Mining firm in Sierra Leone takes measures against Ebola advance

Minerals group Sierra Rutile has begun screening its workers for early signs of Ebola, put travel restrictions in place and limited access to its operations in west Africa, the company said on Tuesday. The company, which mines rutile in southwest...
5th August 2014

AngloGold Ashanti's cost cutting measures on track - Ehm

Dual-listed gold miner AngloGold Ashanti was progressing its cost-cutting strategy, executive VP Graham Ehm told delegates at the Diggers & Dealers conference, in Kalgoorlie, Western Australia, on Tuesday. Ehm noted that during the first quarter...
5th August 2014

ArcelorMittal to buy stake in Guinea iron-ore project

ArcelorMittal, the world's largest steelmaker, said on Friday it had signed deals to purchase stakes in an iron ore project in Guinea as it pushes to raise its mining output and leverage its existing presence in the region. ArcelorMittal said in a...
1st August 2014

Brazil's Vale profit falls; prices undermine record output

Brazilian miner Vale posted a sharp decline in profit from the previous quarter as lower iron-ore prices undermined record production of the steel-making ingredient. Vale, the world's largest producer of iron ore, reported second-quarter net...
1st August 2014
Ferrous Metals

Investors shift focus to adequate infrastructure, higher-grade deposits

SRK Consulting South Africa expects investor emphasis to shift to higher-grade iron-ore deposits
The upsurge in iron-ore exports from South Africa and Africa in the past five years, largely driven by Chinese demand, has not only gradually diminished in the past year but has also caused a slowdown in African exploration and project development...
25th July 2014

Nordgold H1 production up 14%, on track to meet forecast target

LSE-listed Nordgold on Wednesday said refined gold output of 476 100 oz was achieved during the first half of the year – a 14% increase on the prior corresponding period as eight of the gold producer’s nine mines achieved a year-on-year...
18th July 2014
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