The rescue operation for the 33 miners trapped underground at the San José copper-gold mine, Chile reached a milestone when the 'Phoenix Capsule' reached the mine site on Saturday.
By Joel Scanlon
26 Sep 2010
The Afghanistan Mines Minister Wahidullah Shahrani has said that the Hajigak iron ore deposit is open for tender as of today.
By Dr. Cameron Chai
26 Sep 2010
Cudeco (ASX:CDU) has picked up $20 million to ease market volatility via an institutional investor. The company has issued 10 million new shares at the rate of $2 each to the investor. The announcement made Cudeco shares rise by 12 cents, closing the week out at $2.15 per share.
Australia won't see as many takeovers in the coal mining industry as many potential targets have already been acquired after the recent surge in acquisitions as per UBS's head of metals and mining Campbell Stewart.
By Dr. Cameron Chai
24 Sep 2010
The rare earths processing plant of Arafura Resources (ASX:QRU) has been granted a 'major project' status. This will bring the highest level of scrutiny by the South Australian government to the project.
By Joel Scanlon
24 Sep 2010
The Macedon natural gas project in Western Australia (WA) has received BHP Billiton's approval for development. The gas field off the coast of Exmouth, North West Cape in WA, will receive $ 1.5 billion to be developed from BHP Billiton.
Rio Tinto is planning a AUD$242 million expansion at its iron ore facility in the Pilbara region, Western Australia. The Dampier Port expansion works will allow the global mining giant to process an additional 5 million tonnes of ore annually.
Custom built hydraulic motors, designed and manufactured by Parker Hannifin, the global leader in motion and control technologies, are playing a vital role in helping Cameron, the major oil and gas flow equipment supplier, make deep sea oil wells safer, more productive and more profitable.
Miners in Spain continued their protest of the EU decree that will force their government to phase out coal industry handouts by next year.
By Dr. Cameron Chai
23 Sep 2010
Moly Mines Ltd (ASX,TSX:MOL) issued a statement saying that it shipped out 70,000 tonnes of ore from Atlas Iron on the bulk panama vessel Bergen Max from its Utah Point berth and loader at Port Hedland.
BHP Billiton's hostile takeover bid for Potash Corp has taken a setback with a law suit being filed against it by Potash.
The New Delhi based company Bhushan Steel has shown interest in making an on market takeover bid for Bowen Energy Ltd (ASX:BWN), an Australian coal and minerals exploration company, focused on the exploration and development of coal and mineral resource projects in Australia and the Asia-Pacific region.
Petra Diamonds Ltd, the second largest producer of diamonds in Africa, has posted a record post tax profit of U.S.$70 million for the year ending June 30, 2010.
Continental Coal Ltd's (ASX:CCC) new South African mine has surpassed production targets barely two months after opening.
By Joel Scanlon
22 Sep 2010
Large increases in the volumes of minerals being shipped out of Australian ports will see commodity exports rise to unprecedented levels.
By Joel Scanlon
22 Sep 2010