Mining News Archives

“We've been working on this for several years and the orderly review that's been going on. It was up to an investment decision and we looked at it.”

Rio Tinto Ltd. and Harry Winston Diamond Corp. have committed more than US$780 million for their Diavik mine in the Northwest Territories in a plan to extend the project's life past 2020 and give better access ... via CBC News

The State Government has expressed grave concerns about the operating structure of a port that Rio Tinto is relying on to ...

Snowfield Development Corp. has reached a significant milestone in the process of exploring, and ultimately, evaluating the viability of its Ticho Diamond Project located approximately 55km south east of ...

Celite Corp., which mines diatomite and perlite in the hills south of Lompoc, has announced "a reduction in force of approximately 20 employees" locally, a company spokesman confirmed Thursday.

The hedgies in London and New York played crucial, perhaps defining, roles in the great mining consolidation game of the past two years.

Newmont Mining Corp. announced Friday that it will be selling $1.3 billion worth of assets to one of its subsidiaries.

The price of cobalt jumped to a record high above $37 a pound on Thursday, spurred by robust demand and looming supply shortages, traders said on Thursday.

....The strike at Lima`s Callao port, the country`s largest, has cost mining companies US$90 million in lost shipments to date, the group`s president, Ysaac Cruz, said in.....

Shipments rose on the back of robust demand for automotive components, an official at the association said.

Tourists pay $25 per car to enter Yellowstone National Park. Film crews must spend as much as $750 a day to film on federal land in Nevada.

Chile will lead the development globally of new copper mines over coming years, keeping a hold on its pole position as the world's largest producer of the red metal, the Chilean government Copper Commission ...

China's aluminum exports are worrying India's producers as the Dragon land has clocked almost 66 per cent rise in shipments year-on-year. The ...

Standard & Poor's forecast that "despite all the euphoria the China juggernaut will inevitably slow down," a situation that could have a profound negative impact on the earnings and credit health of ...

A report on a recent analyst's visit to a number of emerging African base metals mining operations from London financial institution Numis Securities has given some good confirmation of progress currently being ...

....he design, procurement and construction of the concentrator, the critical path for cash flow from the project, is approximately 65% complete and all major .......

The latest hedge book analysis from Société Générale, using data independently compiled by GFMS Ltd., shows that the global hedge book in the gold mining industry again contracted in the ...

This realignment was initiated to remediate localized cracking and deterioration in a 150-metre section of the ramp.

"If Rio Tinto properties come up for sale, that is, if BHP Billiton [and its offer for all of Rio Tinto] doesn't come about, we certainly would be an interested party," CEO James Roberts said at the 2007 FBR ...

The world's largest iron ore producer, Brazil's Companhia Vale do Rio Doce , has begun talks with clients over ore price increases for the coming term, company president Roger Agnelli said on Thursday.

Orvana Minerals Corp. announced record earnings today with net income of US$26.0 million on revenues of US$55.9 million for the year ended September 30, 2007 compared to net income of US$15.7 million on ...

An Ontario-based company that operates Canada's first private nuclear electricity generating plant wants to build a similar facility in Alberta.

Northshore Mining company and its critics argued in a St. Paul courtroom Thursday over air quality.

Norsemont's interest in Constancia Copper Project set to increase to 81 percent

Newfoundland and Labrador Premier Danny Williams says a recent tour of Brazil gave him the chance to press mining giant CVRD to consider an aluminum smelter in Labrador.

It was reported in BNAmericas that : Brazilian pig iron maker Cosipar is seeking new alternatives to secure iron ore after Rio de Janeiro-based miner CVRD (NYSE: RIO) halted certain shipments, a Cosipar spokesperson told BNamericas

Thundermin Resources Inc. announces that it has been informed by Alexis Minerals Corporation that Alexis has received a Certificate of Authorization from the Ministere du Developpement durable, de ...

Another survivor of a Logan County mine fire that killed two men is suing mine owner Massey Energy Co.

Members of the United Mine Workers labor union say they are confident they will ultimately prevail in an ongoing dispute with Massey Energy over the Mammoth coal mine.

Assay results from nine additional drill holes continue to point towards a significant upgrade and expansion of gold and copper resources at the Mitchell deposit.

The Brazilian-based mining giant commonly known as CVRD is rebranding itself and its Toronto-based nickel subsidiary, CVRD Inco.

Western Areas will be seeking new offtake terms for nickel concentrate produced from the proposed Diggers South mine.

Diggers South is excluded from the existing ore tolling and concentrate purchase agreement with Norilsk Nickel.

After the cataclysmic tunnel collapse Aug. 6 at Crandall Canyon, Murray - whose company operated the mine - took control: He put himself in the lead of the rescue operation; became spokesman for the public relations effort; and stepped in as liaison for the families of six missing miners. But it was too much for him ...

Gold Fields Limited reports that following a meeting with the Principal Inspector, Gauteng of the Department of Minerals and Energy , the Section 54, which halted all tramming at Driefontein Gold Mine, has ...

For the second time in two months, Wyoming Bureau of Land Management officials have rejected a bid for coal in the Powder River Basin for coming in below the estimated fair market value.

Bill Brooks, CEO of Noranda, told analysts that the new contract had pricing that was seasonally-based, rather than a flat rate throughout the year.

Antofagasta Plc, the copper producer controlled by Chile's Luksic family, said nine-month profit fell 6.1 percent as the company mined lower-quality ore.

Century Aluminum Company announced today that Nordural Grundartangi ehf,a wholly owned subsidiary,has completed the energizing of all of the cells for its most recent 40,000 tonne expansion project at its ...

Vancouver-based First Quantum Minerals says the green light has been given for the US$553-million development of the Kolwezi copper tailings retreatment project.

A group of former coal miners suing Alcoa Inc. over alleged toxic waste exposure at a southwestern Indiana mine want state officials to halt mining at an adjacent mine, warning that the waste now poses a health ...

NovaGold Resources Inc.'s troubled Galore Creek copper project - which has now been shelved - isn't the only asset in the embattled miner's portfolio facing massive cost inflation.

"The magnitude of underestimation is shocking to us, even in an industry rife with overruns, and casts a cloud over the equally challenging yet earlier-stage Donlin Creek gold project,"

The U.S. Solicitor General says the U.S. Supreme Court should not hear an appeal of a case that will allow a lawsuit to go ahead against Teck Cominco Ltd.

China Invest Corporation [CIC, Zhong Guo Tou Zi Gong Si] and Chinese steel makers might not be able to afford USD 200bn to counter-bid for Rio Tinto, a Beijing-based government advisor told dealReporter.

Lihir Gold Ltd. is making good progress in re-establishing operations at its Ballarat Goldfields underground mine, following a fall of ground in the main decline on Monday last week.

The world's top gold miner, Barrick Gold Corp, may have to wait until mid-2008 for Chile and Argentina to agree how to share taxes from the giant Pascua Lama mine, a government source said yesterday.

Massey Energy Company today announced that it has entered into an agreement with Essar Mineral Resources ...

Cameco Corp, the world`s biggest uranium supplier, has "temporarily reduced" underground mining at its Eagle Point mine at Rabbit Lake in Saskatchewan because of an increase in water flows into the mine.

Global miner Anglo American Plc said on Wednesday it will invest $1.7 billion expanding its Los Bronces operations in Chile, making it one of the largest copper mines in the world.

NovaGold Resources Inc. and Teck Cominco Ltd. placed the Galore Creek project in British Columbia on hold until construction costs are brought into balance with conservative long-term copper metal price ...

Cameco Corporation announced today that underground activities at the Eagle Point mine at the Rabbit Lake operation have been temporarily reduced as a precautionary measure.

A recently approved electricity transmission line heralded as a boon for economic development in northern British Columbia is on hold, provincial Energy Minister Richard Neufeld said yesterday.

Connemara Mining today said it has discovered 'significant' zinc and lead mineralization on prospecting licence PL 2638 in Co Limerick.

Gold Fields Ltd. said production at Driefontein, Africa's biggest gold mine, has halted because of restrictions imposed by a safety inspection ordered by the government after a fatal accident.

Mining giant BHP Billiton Ltd has flagged further expansion of its copper, gold and uranium mine at Olympic Dam in South Australia, expecting the project to continue to grow for "decades to come". The company ...

The Jharkhand government has asked Steel Authority of India Ltd to provide details of its iron ore requirements from the Chiria mines in the state.

Platinum Australia Limited says that the updated, JORC-compliant resource estimate for the Crater deposit at its Kalplats PGM project in ...

The William decision, released by the Supreme Court of British Columbia on November 21, 2007, has provided increased certainty for the Company's 100% owned Prosperity gold-copper project.

" Teck Cominco Ltd. shares came under pressure Tuesday as financial analysts weighed the impact of suspending development at its Galore Creek joint venture with NovaGold Resources Inc.

As large-scale mining projects face soaring prices for construction materials and labor, investors are growing increasingly skeptical of new ventures that tout outdated cost estimates, especially when any signs ...

Seven miners were killed, 40 were injured and another 30 were missing after after a dynamite blast at a gold mine in Aznuay province in southern Ecuador.

Zambia recorded low copper production in the first nine months of this year with output declining to 365,030 tonnes, down from 382,766 tonnes in the same period last year, the central bank said on Tuesday.

Gabriel Resources Ltd. stated today that Romania's Brasov regional Court of Appeal rendered its decision to annul archeological discharge certificate no.

Copper Fox Metals Inc. was disappointed to learn of the "suspension of construction at Galore Creek" announced yesterday by Joint Venture partners, NovaGold Resources Inc.

Engineers hope to reenter mine after first of the year .

Africa's number-two gold-producer Gold Fields was on Tuesday still not producing at its Hwanganani shaft at Driefontein, and pillar mining operations at its Kloof mine had halted, a spokesperson said in the afternoon.

An NLRB administrative law judge is ordering Massey Energy to hire at least 85 union coal miners at a Kanawha County mine.

Peru`s biggest federation of mining unions is planning a nationwide strike to protest threatened firings and to demand the government fulfill promises to improve labor benefits, officials said on November 26.

Uranium One is unlikely to buy Rio Tinto’s uranium assets in the United States or Australia when they come up for sale as part of a strategic review, CEO Neal Froneman said..

The first shipment of zinc silicate ore from the Beltana mine was being loaded into a China-bound ship at the South Australian industrial centre of Port Pirie for Perilya Ltd.

SYDNEY: Xstrata Plc said on Tuesday it will spend A$26 million on underground mine development work as it seeks to extend the operating life of its Ernest Henry copper and gold mine in Australia.

Rio Tinto PLC is aiming to nearly double cost savings from its purchase of Alcan Inc., and has identified an additional $20-billion in assets it may sell to finance the deal, as it tries to fend off an unwanted ...

The environmental impact statement on the expansion of Olympic Dam is not expected to be made public until late next year or early 2009.

Mine workers have welcomed Rio Tinto's new direct flight from Busselton to the Pilbara.

The operators of Queensland's biggest coal port say they are not responsible for the inability of Rio Tinto Coal to meet some of its sales contracts.

South Africa's National Union of Mineworkers said on Tuesday it had been given the go-ahead by authorities to stage a one-day nationwide strike on December 4 to ...

The state has committed to replacing Duke Lake Dam in Ryerson Station State Park, but still is negotiating with Consol Energy Inc.

Gold Fields Limited is pleased to announce the successful closing of the transaction announced on 10 October 2007, as a result of which Gold Fields sold its 60% stake in the Essakane Project located in Burkina ...

The surprise announcement that construction has been suspended on the Galore Creek copper and gold mine project north of here has put into question what will become of the planned power line that was to service ...

Ausmelt Ltd has signed a contract with Intertrust Holding BG to provide Ausmelt technology for the modernization of an existing lead smelter at the town of Kurdjali ...

Australia's resource industry gained a new participant with the official launch last night of CITIC Pacific Mining, proponents of the A$5.2 billion Sino Iron Magnetite Project planned for Cape Preston, 100km south-west of Karratha in Western Australia’s Pilbara region....

Minera Andes Inc. is pleased to announce results of a NI 43-101 Technical Report to be filed that includes new mineral resources identified from 2007 exploration drilling, underground development and conversion ...

Silver Standard Resources Inc. said Monday costs at its Pirquitas project in Argentina will be nearly double its initial estimates, but said the mine will produce more silver.

An administrative law judge with the National Labor Relations Board says Massey Energy violated federal labor law after it acquired a union mine in 2004.

Goldcorp Inc. , one of Canada's biggest gold miners, said Monday that discoveries from this year's exploration activities will "more than replace" its reserves mined in 2007.

Sherwood Copper Corp. has struck a stock-swap deal to acquire Western Keltic Mines Inc.

Coeur d'Alene Mines Corp. on Monday applauded the Bolivian Congress' approval of a reform to the country's mining tax code.

Rio Tinto Ltd. said Monday it plans to sell Alcan's engineered products division and boost annual merger cost savings after its planned takeover of the Canadian metals giant, but the moves will affect only ...

The following paper from Rio Tinto chief economist Vivek Tulpul has been issued today to coincide with the Rio Tinto ...

Rio Tinto's statement of value, value, value decisively buried not only the current BHP Billiton offer but any feasible higher offer.

The Management of Copper Canyon Resources Ltd. have been notified that NovaGold Resources Inc.

Today we had an example of what happens to a Resource Company when they err on the wrong side .

With the announcement by Nova / Teck that development of the Galore Creek Project was suspended Nova was punished brutally by investors with the stock dropping some 40+ percent from its close on Friday .

Although the errors were made by a Consulting Engineering firm one would have thought that technical people in Nova and especially Teck Cominco would have questioned the assumptions .

Perhaps we will find out , as time passes, why such an error of enormous proportions occurred .In the meantime the "buck" stopped with NovaGold.

NovaGold Resources Inc. and Teck Cominco Limited today announced they will suspend construction activities at the Galore Creek copper-gold-silver project in northwestern British Columbia.

China National Geological Mining Corp has signed an agreement with Saudi Arabia's Al-Masane Al-Kobra Mining Co to jointly develop the Al-Masane copper, zinc and gold mine, the Ministry of Commerce said.

Rio Tinto Alcan's worldwide operations give Rio Tinto the top global ranking in bauxite and aluminium production.

Rio Tinto Alcan has an experienced management team that is responsible for the strategic and operational performance of Rio Tinto Alcan businesses.

Rio Tinto has approved investment in the underground mining phase of the Diavik Diamond Mine.

Rio Tinto today presents its annual investor seminar setting out in detail its strategy and growth plans.

BHP Billiton Energy Coal SA was finalising agreements to sell Optimum Colliery and secure Eskom's approval to transfer the Hendrina Coal Supply agreement to the purchaser, a BHP Billiton spokesman said on ...

Rio Tinto said it plans to increase its asset divestment target after the Alcan acquisition to at least $US 15 billion following the completion of a strategic review, which has highlighted about $US 30 billion of ...

Rio Tinto Alcan announced today, during an official ceremony held in Conakry, that it will support Guinea's efforts to achieve the Millennium Development Goals through a ...

Rio Tinto has announced a further significant investment in its iron ore export capacity in the Pilbara region of Western Australia, with the approval of the new Mesa A/Warramboo mine in the Robe Valley and ...

As Rio Tinto PLC outlines its growth strategy and takeover defence Monday morning, other major miners are putting out announcements themselves as investors focus on the sector.

Both Pan American Silver Corp. and Agnico-Eagle Mines Ltd. got estimate and price target reductions from Blackmont Capital analyst Richard Gray due to lower expectations for zinc prices.

Zincore Metals Inc. has completed an additional 10 diamond drill holes at its Yanque deposit in southern Peru, part of Zincore's 100%-owned Accha-Yanque zinc oxide project.

Joint investor conference call Monday, November 26 at 9:00 am EST Dial-in 1-866-898-9626 VANCOUVER, BRITISH COLUMBIA-- - NovaGold Resources Inc.

Red Dog Mine: Zinc profits could bring a $200 million annual distribution in future.

Xstrata Plc started studying the feasibility of more than doubling molybdenum processing capacity at its Altonorte metallurgical facility in Chile after the price of the steelmaking ingredient rose sevenfold ...

South Africa's Richards Bay Coal Terminal, the world's biggest coal-export facility, expects a 30- fold surge in sales to India this year, increasing prices for European power producers competing for supplies.

Rio Tinto Ltd/Plc will spend $2.4 billion on new mines, raise its dividend and generate billions of dollars from asset sales as it seeks to fend off a $120 billion takeover proposal from larger rival BHP ...

China's new sovereign wealth fund denied on Monday it may team up with local steel makers to bid $200 billion for Rio Tinto Ltd/Plc , blocking a rival offer by BHP Billiton Ltd/Plc . The state-owned China ...

A mineworker has died in a fall of ground at the Everest Platinum Mine near Burgersfort, in Mpumalanga, Aquarius Platinum Limited said today.

China Investment Corp, the country's new sovereign wealth fund, is considering teaming up with major steel producers to offer about $US200 billion for Rio Tinto, according to a Chinese weekly newspaper.

Rio Tinto said on Monday it has declared force majeure on coking coal exports from its big Hail Creek mine in Australia's Queensland state.

Zinc and copper miner Zinifex says it has a clear strategy to grow its mining businesses, with most of the future opportunities overseas.

Rio Tinto Ltd would not comment Monday on a newspaper article saying a Chinese consortium is planning to make an initial 200 billion US dollar bid for the miner.

A quadrupling of development costs at one of BHP Billiton's most important mines is threatening to undermine the credibility of its management on the day that Rio Tinto, its bid target, is scheduled to begin ...

The state attorneys general in Minnesota and Wisconsin are joining environmental groups to stop a mining company's effort to lower the standard for asbestos-like fibers in the air near its Silver Bay taconite ...

Although aluminium / aluminum is the most traded commodity on the London Metal Exchange, it rarely receives as much attention as other base metals such as nickel and copper.

The government's top work safety agency is to dispatch inspection teams to help improve workplace safety at coal mines across the country in the wake of a series of accidents that have claimed dozens of lives.