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COAL

Peabody Energy’s Q2 revenue, loss beat Wall Street expectations

A surprise improvement in coal miner Peabody Energy’s revenue for the three months ended June helped it post a loss a share on Tuesday that beat the average estimate of 22 Wall Street analysts. The NYSE-listed miner, with operations in the US...
22nd July 2014
 
COAL

Mozambique trying to ease coal companies' pain, but no tax breaks

Mozambique is discussing with its foreign coal mining partners ways to help them ride out depressed markets but will not be offering special tax breaks to ease the pain, its mineral resources minister said on Monday. Esperanca Bias told Reuters...
22nd July 2014
 
COAL

Indian steel producers seek rollback of import duty on coking coal

Indian steel producers were imploring the government to roll back the 2.5% duty imposed on imported coking coal. Leading domestic steel companies would make a concerted effort to approach the federal Finance Ministry seeking a scrapping of the...
22nd July 2014
 
IRON-ORE

Indian chamber opposes hike in mineral royalty rate

Indian industry representative body, the Associated Chamber of Commerce and Industry (Assocham), has opposed government’s move to hike royalty rates to 15% from 10% at present. Assocham has claimed that an increase in royalty rates would be...
21st July 2014
 
FERROCHROME

IFM achieves record output, cost pressures bite

Despite a low ferrochrome pricing environment and rising cost pressures, International Ferro Metals (IFM) CEO Chris Jordaan is confident that the company will achieve another year of improved financial performance. The ferrochrome producer on...
17th July 2014
 
GOLD

High duties to stay in India as gold imports surge

India is unlikely to ease import restrictions on gold as a surge in inward shipments has taken the sheen off the country’s international trade performance. According to data released by the government on Wednesday, Indian exports during June...
17th July 2014
 
URANIUM

WA in box seat to ride rising market for uranium – Minister

Western Australian Mines and Petroleum Minister Bill Marmion on Wednesday called on the uranium industry to build on the state’s resources technology in order to benefit from the expected increase in demand for yellowcake. Speaking at the...
16th July 2014
 
IRON-ORE

Indian province seek relaxation in iron-ore production cap set by courts

India’s provincial government of Karnataka has sought an increase to the court-imposed cap on iron-ore mining from 30-million to 40-million tonnes a year. According to an official in the provincial government, the number of miners seeking to...
15th July 2014
 
COAL

Indian power firm eyes coal acquisitions in S Africa, Indonesia

India Power Corporation Limited (IPCL) is scouting for coal assets in South Africa and Indonesia to establish coal supply linkages for its current 1 000 MW thermal power generation projects. “We are looking at coal mines already in operation or...
14th July 2014
 
CORRUPTION

Corruption a major risk for international miners in South Africa

South Africa is underperforming in its fight against bribery and corruption, with potential knock-on effects for the mining industry, Canadian risk mitigation firm CKR Global’s Adam Ross, a senior consultant with the firm’s corruption...
11th July 2014
 
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Asia

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11th July 2014
 
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Africa

Tenders for work in the rest of Africa excluding South Africa
11th July 2014
 
 
Topic Multimedia
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Mining needs quantum change – SAIMM Video
Audio
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Anooraq focusing on doubling output... Audio
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Wits Gold plans to move De Bron into... Audio
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Kebble R1bn unlocked as... Audio
Geovic confident on Cameroon cobalt... Audio