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Merdeka Copper Gold Acquires Stake in Pani JV for $55 Million, Indonesia
November 8, 2018
Merdeka Copper Gold will become Lion’s joint venture partner in the Pani Joint Venture (Pani JV) after agreeing to pay $55m cash to buy a 66.6 percent joint venture interest from Lion’s existing joint venture partner. The purchase price paid
Vale and BHP Submit Mine Plan for Samarco Mine, Brazil
November 8, 2018
Reuters reported that Vale CFO Luciano Siani said that a business plan for Samarco, a joint venture of Vale and BHP Ltd in Brazil, had been sent to the company’s creditors this week, a key step toward resuming operations at
BHP Suspends Pilbara Rail Operations Following Runaway Iron Ore Train
November 8, 2018
BHP has suspended its rail operations in the Pilbara region of Western Australia after a train carrying 268 wagons of iron ore traveled 92km without a driver, prompting an investigation from the Australian Transport Safety Bureau (ATSB). The train was
Rinehart’s Hancock Prospecting Delivers $1.37 Billion Profit
November 8, 2018
Gina Rinehart’s sprawling iron ore and cattle interests have delivered her private company Hancock Prospecting a 28 percent surge in annual profit to a massive USD 1.37 billion. The company’s annual report lodged with the Australian Securities and Investments Commission
Surge Exploration and CAP Mineria to Acquire Atacama Cobalto Project, Chile
November 7, 2018
Surge Exploration’s board of directors has approved the final terms of the definitive option agreement alongside the board of directors for Compañía Minera del Pacífico S.A. (CAP Mineria) to acquire up to 100 percent of the Atacama Cobalto Exploration Property
Laramide Completes Acquisition of Rio Tinto’s Murphy Uranium Project, Australia
November 7, 2018
Laramide Resources Ltd. has completed the conditions precedent for the acquisition of the Murphy Project from Rio Tinto Exploration Pty Limited. The company now holds a 100 percent interest in the Murphy Uranium Tenements in the Northern Territory of Australia,
Anglo American Set to Restart Operations at Minas Rio Iron Ore Mine, Brazil
November 6, 2018
Reuters cited Mr. Ruben Fernandes, the miner’s Brazil chief as saying that Anglo American should restart operations at its Brazilian Minas Rio iron ore mine in November or December and a planned ramp-up to 26.5 million tonnes per year is
Asia Metals Secures $34 Million JV to Expand Operations in Guerrero, Mexico
November 6, 2018
Asia Broadband, through its wholly owned subsidiary Asia Metals, has signed a definitive joint venture agreement for the large scale expansion of the company’s mining operations in the state of Guerrero, Mexico, with Qiangda Investments & Economics & Co. The
University of South Australia Developing Virtual Reality Platform to Inspire Mining Careers
November 5, 2018
The University of South Australia is developing a virtual reality platform to increase interest in the mining industry by making remote, interesting field sites more accessible. Project LIVE-MM (Learning through immersive virtual environments for minerals and mining) is backed by
Chaarat Gold to Acquire Polymetal’s Kapan Mine for $55 Million, Armenia
November 5, 2018
Polymetal International has signed an agreement with Chaarat Gold Holdings to sell the Kapan mine in the Republic of Armenia (Kapan) for a total consideration of $55m. Polymetal Group CEO Vitaly Nesis said: “The sale of Kapan is a step
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