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MINING RISKS

Productivity now top business risk for mining

The mining and metals industry has identified productivity as the top business risk facing the industry globally, advisory firm EY has found in its latest business risks report. EY global mining and metals leader Mike Elliott said on Monday that...
28th July 2014
 
COPPER EXPORTS

Freeport set to resume Indonesian copper exports

Freeport-McMoRan clinched a deal with the Indonesian government on Friday allowing the miner to resume copper concentrate exports from the country, effectively ending a six-month tax dispute and paving the way for more miners to follow suit....
25th July 2014
 
IRON-ORE

Brazil miner Vale posts record Q2 iron-ore production

Brazilian miner Vale said on Thursday its iron ore output in the second quarter was a record high for the period, up 12.6% from a year earlier, as it ramped up production to win back market share from Australian rivals. Vale's preferred shares,...
25th July 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...
25th July 2014
 
COPPER

Indonesia to give Freeport export permit, face-off continues

Indonesia will soon allow US miner Freeport-McMoRan Copper & Gold Inc to resume copper exports, with both sides close to ending a six-month dispute over new mining rules, a senior official said on Thursday. However, there has been no such...
24th July 2014
 
CORPORATE ACTIVITY

Robust tells shareholders to take no action on Stanhill offer

The directors of ASX-listed Robust Resources have implored shareholders to take no action regarding an increased takeover bid from Stanhill Capital Partners Holdings, after the firm reported that it had acquired a 19.9% interest in the metals...
24th July 2014
 
GOLD

Newcrest warns of up A$2.5bn asset impairment

Gold major Newcrest Mining on Thursday warned of a possible combined asset impairment of between A$1.5-billion and A$2.5-billion at its Lihir, Telfer and Bonikro assets during the full year ended June. This was in addition to the A$47-million...
24th July 2014
 
DIVERSIFIED MINER

Freeport-McMoRan reports improved Q2 revenues

Grasberg, Indonesia US diversified miner Freeport-McMoRan on Wednesday reported improved revenues for the three months ended June 30, as the company’s diversification into oil and gas exploration and production was paying off. The Phoenix, Arizona-based global...
23rd July 2014
 
INDONESIA EXPORTS

Indonesia ships first metal concentrate since January halt

Indonesia has resumed some exports of metal ore concentrates after two firms gained permits to ship iron-ore, zinc and lead, a mining ministry official said, the first shipments of their kind since the country changed its export rules in January....
18th July 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...
18th July 2014
 
GOLD

Indonesia threatens to hand over Newmont mine if output does not resume

Indonesia stepped up pressure on Newmont Mining over a six-month old dispute that has halted copper exports, warning it could hand the US miner's licence to a state-owned firm if it does not resume shipments. The outgoing government earlier this...
17th 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
 
 
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