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Glencore to Spend $5.6 Billion Restructuring of Congo’s Katanga Mining
June 14, 2018
Swiss mining giant Glencore PLC unveiled a sweeping $5.6 billion restructuring of its troubled Congo copper company, Katanga Mining Ltd., resolving a heated dispute with Congo’s state-run mining company about a massive debt load it has built up over the
Stanmore to Acquire Peabody Australia’s Wotonga South Coal Deposit for $22.8 Million
June 14, 2018
Stanmore Coal has agreed to acquire the Wotonga South coking coal deposit located in central Queensland from Peabody Australia’s Millennium Coal. The coal deposit is part of an A$30m ($22.8m) deal to acquire two coal tenements MDL137 and EPC728 located
Cupric Canyon to Start Construction of Khoemacau Copper Mine in October, Botswana
June 12, 2018
Reuters reported that private equity firm Cupric Canyon will begin construction of its Khoemacau copper project in Botswana in October, with first sales of the metal expected in 2021. Sparsely-populated Botswana is the world’s top diamond producer by value, but
NMDC Receives Environmental Clearance for Its Beneficiation Plant at Bacheli Complex, Chhattisgarh
June 12, 2018
NMDC Ltd has acquired environment clearance for its proposed Beneficiation plant at Bacheli in Bastar region of Chhattisgarh, official sources informed. Notably, NMDC’s Ore Processing Plant at Bacheli will be interconnected by a Slurry Pipeline System between Bacheli and Nagarnar
Mining Operations in Joda Belt of Keonjhar District Comes to Halt Amid Trucking Strike
June 12, 2018
Mining operations in Joda belt of Keonjhar district has come to a grinding halt due to indefinite strike by transporters and truck operators. The transporters are demanding hike in transportation charge keeping in view the constant rise in prices of
Australian Thermal Coal Prices Up as Demand Increases
June 12, 2018
Reuters reported that Australian thermal coal prices have hit their highest level since late 2016 as the market heats up on strong demand across North Asia and China in particular. Spot prices for delivery from Australia’s Newcastle terminal last closed
Rio Tinto and Minmetals to Form JV to Explore Mineral Deposits in China
June 11, 2018
Mining giant Rio Tinto and China Minmetals, a Beijing-based metals and mineral trading company have signed a deal to create an RMB200m ($31.3m) joint venture to explore mineral deposits in China. The 50:50 owned joint venture will have an immediate
Bluebird Battery to Acquire Sandy Point Cobalt Project, New South Wales
June 11, 2018
Bluebird Battery Metals has entered into a binding letter of intent (LOI) to acquire 100 percent of Oberon Gold, an Australian exploration company, from Providence Gold and Minerals, Darren Craig Glover and Benjamin Leigh Harper. Oberon controls 100 percent the
23 Coal Miners Rescued in Northeastern China After Blast Kills 11
June 11, 2018
Rescuers pulled 23 miners to safety after a blast at an iron mine in northeast China trapped them underground and killed 11 others, the government said Wednesday. The search was continuing for two workers still missing after explosives that were
AfriTin Begins Construction on Uis Tin Mine’s Processing Plant, Namibia
June 7, 2018
AfriTin Mining said that it has started civil construction works on the processing plant of its Uis brownfield tin mine located in western Namibia. The London-based tin mining company has appointed contractors to handle the phase 1 of the construction
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