MINING.com Editor, Author at MINING.COM

New $3.9 billion Australia coal export terminal faces more delays, ballooning costs

A new coal terminal proposed for Gladstone port's Wiggins Island in Queensland has met with delays for the third time this year, as the project's 16 coal company shareholders including Cockatoo Coal, Yancoal and Xstrata have still to raise all of the capital for the project. Costs for the first stage of the Wiggins Island coal terminal have escalated to A$3.7 billion ($3.9 billion) from A$2 billion in October 2010, a spokesman for the coal industry consortium that is backing the terminal said Wednesday.

MINING.com Editor | August 3, 2011 | 10:00 pm

Indian companies deny allegations in $3.6 billion iron ore scam report

Platts reports Monday three of the 40 companies named last week in a Rs160 billion ($3.56 billion) iron ore anti-corruption probe report in India have denied all allegations of wrongdoing. Karnataka, which accounts for a quarter of India's iron ore exports, banned iron ore shipments in July 2010 in a bid to curb illegal mining practices.

MINING.com Editor | August 1, 2011 | 10:00 pm

Who’s Buying Gold & Silver ETFs?

While some analysts argue that the continued climb in gold will increasingly rely on purchases by central banks, the world’s biggest asset manager is seeing a different pattern unfold.

MINING.com Editor | August 1, 2011 | 9:17 pm

FLSmidth to acquire Darimec S.r.L.

FLSmidth has signed a share purchase agreement to acquire 100% shareholding in Darimec S.r.L., an Italian company that designs and manufactures girth gears, pinions and custom made reducers mainly for the cement and minerals industries.

MINING.com Editor | July 29, 2011 | 10:09 pm

Copper mining’s ancient origins explored anew

Copper Investing News delves into the history books and takes a look at copper mining on the island of Cyprus which is so closely associated with copper, that the word “copper” is actually derived from the Greek name for the island, Kupros. Cyprus’ copper deposits are being revalued and in 2010, around $13 million worth of copper was exported from Skouriotissa (pictured), the world’s longest producing commercial copper mine first explored in 1914 but exploited since the Bronze Age.

MINING.com Editor | July 27, 2011 | 10:08 pm

Mesa Exploration commences potash exploration

Mesa Exploration Corp. announced on Wednesday that the company has commenced an exploration program on the Blawn Mountain and White Mountain potash projects in western Utah.

MINING.com Editor | July 27, 2011 | 6:48 pm

FLSmidth wins order for a coal handling project in India

FLSmidth has been awarded a contract worth approximately EUR 25m (approximately DKK 180m) by Jhabua Power Ltd. for the supply and installation of the first phase of a 1,800 tons per hour coal handling plant for their upcoming power plant project at Jhabua in the state of Madhya Pradesh in central India.

MINING.com Editor | July 26, 2011 | 6:00 pm

CDE announce distribution agreement for Africa with Pilot Crushtec

CDE have announced the addition of Pilot Crushtec to their global distributor network with responsibility for South Africaand sub-SaharanAfrica. Pilot Crushtec will promote the full range of CDE washing equipment including the Evowash sand washing plant, Prograde screens, M2500 mobile washing plant, Rotomax logwashers and Aquacycle thickeners.

MINING.com Editor | July 25, 2011 | 9:49 pm