Serial mega-mine developer Robert Friedland said in early February that Ivanplats will be developing the Kamoa mine in the DRC, Africa’s largest copper project that will have a lifespan that can be “measured in generations as opposed to decades.”
Genwal Resources Inc., a Murray Energy Corp. subsidiary, has pleaded guilty to two misdemeanors to settle a federal investigation into the August 2007 fatalities at its Crandall Canyon coal mine in Utah.
Molycorp's mould-breaking deal with Neo Material Technologies sent its shares rocketing in New York on Friday and some industry observers say the tie-up creates a vertically integrated company that will transform the industry. Others see REE prices continuing to drop with some already down 70% and China's grip on the market undiminished – exports could double this year and domestic production continues to ramp up.
Coal-reliant Poland on Friday vetoed European Union efforts to move further towards a low carbon economy, pitting itself against the rest of the 27-member bloc.
South Africa took a step closer on Thursday to create a standalone mining company that will take charge of the government's role in the country's rich resources and with ambitions of becoming involved in the continent's mining sector.
Xstrata's relentless appetite for coal, particularly the metallurgical variety, was again evident on Thursday after it bought Talisman's Peace River deposit for $500 million.
China, the world’s largest supplier of rare earth, may almost double exports this year, meeting quotas set by the government as lower prices continue to stimulate demand.
Mongolia's plans, first mooted in 2010, to sell a stake in its Erdenes Tavan Tolgoi coal-mining company to the public faces more delays over politics and regulatory problems while talks with companies to developed the western block of the largest coking coal deposit on the globe are also on ice.