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COAL

Timing 'tough' for $4.5bn Thai-Mozambique coal rail-port project

A Thai-Mozambican consortium has set a 2018 target to commission a $4.5-billion coal export railway and port terminal project in central Mozambique, but the depressed global coal prices outlook made the timing "tough", the company's president...
23rd July 2014
 
NEW AIM LISTING

In taking up its Aim listing Friday, Bacanora is ready to take on majors

Mexico-focused project-developing junior Bacanora Minerals will on Friday take up its new listing on London’s Aim, creating a more direct line to the bulk of the company’s investors. Speaking to Mining Weekly Online on Tuesday, the...
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
 
RENEWABLE ENERGY

Solar becoming increasingly sustainable, affordable energy option for mines

While the mining industry has traditionally relied on electricity grids and on-site liquid fuel generators for its electricity needs, solar power is becoming more sustainable and affordable than before, says First Solar director of fuel...
18th July 2014
 
DIVERSIFIED MINER

Pilbara expansions boost Rio’s iron-ore output, shipments hit record

Mining giant Rio Tinto’s Pilbara expansions have delivered an 11% increase in production during the three months to June, with the company producing 73.1-million tonnes of iron-ore. Iron-ore shipments were also up by 23% compared with the...
16th July 2014
 
Exploration

New Gabon mining code in effect by year-end

MANGANESE DEVELOPMENT Nouvelle Gabon Mining is developing a 60-million-ton, 40%-grade manganese project in the City of Franceville  Gabon will soon adopt a new mining code, which will include provisions for the protection of the environment, corporate responsibility, a new ‘investor- friendly’ tax regime, simplified procedures for the granting of exploration permits and...
11th July 2014
 
EXPORT DEALS

Rio Tinto welcomes Australia–Japan economic deal

The signing of the Australia–Japan Economic Partnership Agreement on Tuesday would “usher in a new chapter” in the enduring economic and trade links between the two nations, Rio Tinto CEO Sam Walsh commented. The historic agreement, the...
8th July 2014
 
MINING SERVICES

Decmil wins another Rio contract

ASX-listed project house Decmil has been awarded a A$26-million contract for the non-process infrastructure at mining giant Rio Tinto’s Cape Lambert port expansion. The non-process infrastructure contract includes the design, supply,...
7th July 2014
 
COPPER

After slide, fund managers see value in copper miners

Some fund managers are increasing exposure to copper mining companies, betting the industry has reached the bottom of a downturn and that shares offer value for money. Copper has lost almost a third of its value from a peak in 2011 due to a...
4th July 2014
 
Mozambique

Indians, Australians pursuing opportunities in Mozambique

Indian company International Coal Ventures Private Limited (ICVL) is reported to be interested in coal assets in Mozambique. ICVL is a “special purpose vehicle” created at the initiative of the Indian Ministry of Steel, with the purpose of...
4th July 2014
 
IRON-ORE

Glencore denies Simandou rumours

Diversified miner Glencore on Monday denied a media report that it had expressed an interest to the Guinea government in developing the Simandou North iron-ore project. The Australian reported on Monday that the company had sent a team of...
30th June 2014
 
FREIGHT

Miners to feel the pinch of doubled freight rates in 2015 – report

Citing consensus among shipping analysts that Capesize freight rates will double within the next year, fund manager Liberum Capital has cautioned about the impact of this on the margins of mining companies – particularly those in the iron-ore...
27th June 2014
 
 
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