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M&A

Intrepid announces merger with Zambia-focused Blackthorn

Precious metals developer Intrepid Mines on Thursday announced a merger with fellow-listed Blackthorn Resources to create a copper company with assets in Zambia. Under the terms of the agreement, Blackthorn shareholder would receive 1.078...
28th August 2014
 
CORPORATE ACTIVITY

Glencore, Jinchuan front runners to buy BHP's Nickel West

Commodity trader and miner Glencore and Chinese nickel producer Jinchuan Group are the front runners to buy BHP Billiton's Australian Nickel West division, a source close to the situation said. BHP, the world's largest mining company, announced...
26th August 2014
 
LEGISLATIVE ENVIRONMENT

Behind Indonesia mining deal, newly minted Minister and US mining legend

Grasberg, Indonesia As negotiations to resolve an increasingly bitter dispute over Indonesian mining rules teetered on the brink of collapse, the chairman of Freeport-McMoRan Inc James "Jim Bob" Moffett flew to Jakarta for last-ditch talks. Indonesia's chief...
25th August 2014
 
COAL

India’s SCCL to open new domestic mines and launches global ambitions

India’s Singareni Collieries Company Limited (SCCL) has announced plans to open 17 new mines – 11 opencast and six underground operations – to ramp-up coal production by 32-million tonnes a year over the next four to five years. The...
25th August 2014
 
DIVERSIFIED MINERS

Upbeat Glencore’s share buyback kicks off to analyst adulation

Glencore CEO Ivan Glasenberg Upbeat diversified miner and marketer Glencore, which declared an 11% higher dividend for the six months to June 30 on the back of above-consensus half-year results, has put a $1-billion share buy-back programme under starter’s orders, which has...
20th August 2014
 
MINING FINANCE

Finders nails down $45m for Wetar expansion

Copper miner Finders Resources has secured some $45-million in funding from Daewoo International Corporation to fund the expansion of the Wetar copper project, in Indonesia. Under the terms of the funding agreement, Daewoo would subscribe for...
15th August 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...
15th August 2014
 
MINING EQUITIES

Despite gaining less in 2013, EY's Canadian Mining Eye outpaces global indices

Despite professional services firm EY’s quarterly ‘Canadian Mining Eye’ index having gained only 9% in the three months ended June 30, the index outperformed the S&P/TSX composite index, which gained only 6% during the second quarter, and...
12th August 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...
8th August 2014
 
COPPER

Freeport Indonesia to resume exports as production back to normal

Freeport-McMoRan Inc's Indonesia unit will complete on Thursday loading for its first copper concentrate export shipment since new mining rules were introduced in the Southeast Asian nation, the unit's CEO said. Production at its Grasberg mining...
7th August 2014
 
GOLD

Kingsrose readies for first gold shipment

Gold junior Kingsrose Mining was gearing up to ship its first gold and silver dore from the Talang Santo mine, in Indonesia. The miner said on Tuesday that some 2 000 oz of gold and 5 650 oz of silver would be shipped, subject to final assay at...
5th August 2014
 
COPPER

Freeport Indonesia says to resume copper concentrate exports by Wednesday

Freeport-McMoRan Inc's Indonesia unit will resume copper concentrate exports by Wednesday, the company's local CEO said on Monday, after it resolved a six-month old tax dispute with the government. Freeport, which runs one of the world's biggest...
4th August 2014
 
 
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