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GOLD

Much more to come in China’s already ‘breathtaking’ gold story

The scale, scope and speed of the development of the gold market in China to date has been “quite breathtaking” – and there is still a lot more to come, World Gold Council investor relations manager John Mulligan indicated on Tuesday...
15th April 2014
 
DIVERSIFIED MINER

Rio Tinto posts strong Q1 results, ramping up Pilbara output to 290Mt/y

Mining giant Rio Tinto has again set a new production benchmark at its iron-ore operations in the Pilbara, as it ramped up towards capacity of 290-million tonnes a year. “Rio Tinto has started the year with a series of performance records as we...
15th April 2014
 
COAL

Aspire finds buyer for Ovoot product

Coal hopeful Aspire Mining saw a near 13% increase in its share price on Wednesday after the company signed a memorandum of understanding (MoU) for future coal supply. The ASX-listed junior told shareholders that it had signed a non-binding MoU...
9th April 2014
 
CORPORATE ACTIVITY

Auminco directors back Viking Ashanti offer

The directors of Mongolia-focused Auminco Mines have advised shareholders to accept the tabled offer from ASX-listed Viking Ashanti. Viking initially offered Auminco shareholders about 129.7-million shares, which would have resulted in that...
9th April 2014
 
Company Announcement

Mining in the Extreme: Why USA/Canadian skills at a premium for cold weather mining PDF Available

Despite the plunge in commodity prices, some of the countries that continue to prosper within the mining sector, such as Mongolia and Kazakhstan, are also those where every day temperatures can drop to minus 45 C, which gives rise to a whole new...
18th March 2014
 
DIVERSIFIED MINER

Rio Tinto pays $7.5bn in taxes, warns on new compliance costs

Despite reporting a 29% decline in its tax payments in 2013, compared with the previous financial year, mining giant Rio Tinto has expressed its concern about compliance costs associated with the proliferation of new regulatory initiatives around...
17th March 2014
 
COAL

GlencoreXstrata will have to pay up for Rio Tinto coal assets – report

Sam Walsh Multi-commodity miner GlencoreXstrata will have to put in a significant offer for the Rio Tinto coal assets in Australia if it were to acquire those. This is the message from Rio Tinto CEO Sam Walsh, who told journalists at the opening of its...
13th March 2014
 
MINING TECHNOLOGY

Rio Tinto takes another ‘future mine’ step

Diversified mining major Rio Tinto on Thursday officially opened a new phase of its mine of the future technology with the launch of a processing excellence centre (PEC) in Brisbane, which monitors processing data from seven of the company’s...
13th March 2014
 
legislative environment

Mongolia may lift ban on new mining exploration permits – Minister

A moratorium on new mining exploration licenses in Mongolia could be lifted during the spring session of Parliament, Mongolia's Mines Minister said, as the Asian country works to lure back foreign investment after a slump last year. A ban on the...
5th March 2014
 
LONDON LISTING

Robust moves to list Kyrgyz assets on London’s Aim

Indonesia-focused miner Robust Resources has signed a memorandum of understanding with London-based public company Mentum to list its Kyrgyzstan assets on London’s Aim. In return, Mentum would issue Robust with new shares valued at A$50-million.
25th February 2014
 
HEALTH & SAFETY – 1

SA-manufactured safety system installed at Mongolian copper mine

COMMISSIONING
The EFAS, which was fitted to the mine cage in Mongolia, was commissioned this month 
An emergency fall arresting system (EFAS) developed and manufactured in South Africa by conveyance safety solutions provider Horne Group was commissioned this month at a large copper mine in Mongolia.
21st February 2014
 
GOLD

Centerra Gold swings to Q4 profit, persists with govt negotiations

Canadian miner Centerra Gold has swung to a fourth-quarter profit, boosted by strong output from its two operating mines. For the three months ended December 31, the TSX-listed miner late on Wednesday reported net earnings of $106.6-million, or...
20th February 2014
 
 
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