The Afghanistan government has approved the concept of western investors taking a stake in the Afghan mining industry.
Brazilian mining group MMX Mineracao e Metalicos S.A. (MMX) has decided to invest 5 billion Brazilian Reais (US$2.9 billion) to expand its operations. The company's board has approved the investment in two iron ore mining projects both of which are located in Brazil.
FerrAus is hoping to still manage to negotiate a haulage deal with BHP Billiton. The junior iron ore mining company said that its talks with the mining giant have not broken down. The company said that reports that claimed this were incorrect in a number of respects.
Papua New Guinea (PNG) hopes to build its own gold refinery which would be operated in a joint public and private partnership.
Eldorado Gold has restarted construction activities at the Eastern Dragon mine in China. The engineering is almost complete and procurement is 95 % done as per a company press release.
The $1.4 billion Hunter Valley coal expansion planned by Xstrata has been approved by the company board of directors. The expansion of operations in that area will create about 800 new jobs subject to Xstrata getting all necessary approvals from the state and federal government.
The final environmental report for the expansion of the Olympic Dam project has been submitted as per schedule by BHP Billiton. This keeps the project on track for a final approval to be given in the latter half of next year.
Kinross Gold Corporation announced that it would commit $10 million over the next three years to develop a mining school in Mauritania. Tye Burt the president and chief executive officer of the company said that the mining school and training centre would be useful to the mining community.
An investment of $10 million will be made by Rio Tinto over the next five years to create a centre to research underground mine construction in Ontario, Canada. The project in partnership with the Centre for Excellence in Mining Innovation (CEMI) will be based in Sudbury Ontario.
A coal terminal that has been proposed in Longview, Washington State could be sending major coal exports to Asia within the next couple of years. The company which hopes to develop the terminal, Ambre Energy, received approval on Tuesday from the Cowlitz County Board of Commissioners.
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