At the Aditya Birla Minerals Ltd owned Mount Gordon mine, QLD, the collapse of a vent shaft collar has resulted in a delay to reopen the mine. The company gave a statement saying that while there were no injuries resulting from the accident they had evacuated the workers in a bid to investigate what went wrong.
Cobalt,Copper,Diamonds,Tantalum,Tin
Equinox Minerals has beaten analysts estimates as it reported a fourth quarter profit. It also said that its full year copper output has surpassed its guidance. Equinox ended the year with $319,480 million in cash and cash equivalents.
Rudy Gomez, a mining prospector, has sold the Carrapateena gold and copper project to Oz Minerals. The prospective mine is located in South Australia close to the BHP Billiton Olympic Dam mine.
Goldcorp and Xstrata Queensland ("Xstrata") sign a letter of intent (LOI) with Yamana Gold (Yamana) in which Minera Alumbrera (MAA) will have an option with respect to acquisition of Yamana's Agua Rica project in Alumbrera mine in the Catamarca province, northwest Argentina.
Capstone Mining is ready to spend Canadian $1 billion to acquire new copper assets as it wishes to double its copper output. The Vice President of the company Brad Mercer said on Monday that the company was scouting for new acquisitions to increase its size and scale of copper production.
The Fraser Institute has released its latest Survey of Mining Companies last week. This international survey is conducted annually by the Toronto based institute. It assesses the attractiveness of a particular region to mine investors and operators. The ranking of South Africa fell this year amongst the 79 major mining regions to position 67.
A decision of a South African court to allow miners suffering from lung disease to sue their employers may spell millions of dollars in damages to the mining industry. A recent ruling of the Supreme Court ordered a mining firm in Johannesburg to pay compensation to the family of a dead miner. This overturns a law which prohibited mine workers with lung diseases from claiming compensation.
The Copper output for Zambia in January went up 60% compared to the production in January in 2010. The country is busy increasing its copper production so as to be able to benefit from the strong global price for copper as per the Central Bank of Zambia.
The Parkes Shire Council said that it was happy with the announcement of an elected New South Wales Coalition government committing to a policy of returning financial resources to the mining affected regions. This would translate into thousands of dollars over the next four years in terms of infrastructure projects.
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