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COPPER

Newmont Indonesia restarts copper exports; supply overhang looms

Newmont Mining Corp sent out its first copper concentrate shipment from Indonesia this week that ended a nine-month hiatus, highlighting a ramp up in copper mine supply that is expected to tip the market into surplus this year. US-based miners...
30th September 2014
 
COAL

Altura advances Tabalong project

Diversified junior Altura Mining has inched forward with the development of its Tabalong coal project, in Indonesia, after receiving in-principal forest area approval from the Minister for Forestry for the PT Suryaraya Permata Khatulistiwa (SPK)...
30th September 2014
 
ACCIDENT

Mining suspended after four killed at Freeport Indonesia's copper mine

Freeport-McMoRan temporarily suspended openpit mining at its Indonesian mine on Saturday, a company statement said, after four people died in an accident at one of the world's biggest copper mines. A collision involving a truck carrying nine...
29th September 2014
 
THERMAL COAL

Futures hit 5-year lows in oversupplied market

European coal futures hit five-year lows on Thursday as the sector remained oversupplied, with traders saying that the market was testing support at $75/t and that a fall to levels last seen at the height of the financial crisis in 2009 was...
25th September 2014
 
FERROUS METALS

Gulf sells NT copper project to partner as focus shifts to manganese

In keeping with its focus shift to manganese, ASX-listed Gulf Minerals Corporation on Thursday announced that it would divest of its 51% interest in its Northern Territory copper exploration tenement to joint venture partner Redbank Copper....
25th September 2014
 
BASE METALS

Axiom wins long battle to develop Solomons nickel

Tiny Australian prospector Axiom Mining has won a three-year court battle against Japanese giant Sumitomo Metal Mining to exploit a major nickel discovery in the South Pacific's Solomon Islands left idle for more than half a century. Axiom says...
24th September 2014
 
PRODUCTION OUTLOOK

After receiving Indonesia permit, Newmont lifts 2014 outlook

US gold and copper miner Newmont Mining on Tuesday lifted its Indonesian production outlook after it on Monday reported that the Indonesian government had given it a permit to resume copper concentrate exports. After resolving export issues in...
23rd September 2014
 
COAL

CIL completes technical review of Indonesian coal blocks

Indian major Coal India Limited (CIL) completed a technical review of potential coal asset acquisitions in Indonesia, setting aside $740-million during 2014/15 for follow-up action, which includes an investment in its existing mine in Mozambique....
23rd September 2014
 
COPPER

With permit in hand, Newmont to restart Indonesia ore exports this week

US gold and copper producer Newmont on Monday confirmed that it had received a permit from the Indonesian government to restart ore shipments, slated for this week. After striking an agreement with the Indonesian government on September 3, Newmont...
22nd September 2014
 
What's On

International

What’s On provides you with information about conferences, exhibitions, seminars, training courses and other events pertaining to general industry and the mining sector. To include information about an upcoming event, e-mail...
19th September 2014
 
OIL & GAS

Resources Watch Video Available

Sasol repositions itself for gas-based future. Gov, business and labour grapple with hostile labour climate at Nov summit. And, Sasol expects R4bn in restructuring savings, without ‘forced’ job cuts.
18th September 2014
 
M&A

Global mining M&A rebounds, but Canada takes the cake

Canadian Malartic gold mine, Quebec The three months ended June 30 saw global mergers and acquisitions (M&A) activity rebound from disappointing lows in the first quarter, but Canada was host to the most significant gold deals by a large margin, professional services firm KPMG said....
17th September 2014
 
 
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