MINING.COM

Guinea to see its first commercial iron-ore mine flourish by spring

London’s AIM-listed Bellzone Mining announced this morning that its Forécariah joint venture project in Guinea has received approval to complete the first blast at Yomboyeli, allowing Bellzone to kick off iron-ore production by the end of the first quarter this year.

Cecilia Jamasmie | February 27, 2012 | 2:16 pm

Vedanta consolidation to create world’s 7th largest natural resources company

London-based Vedanta Group (LON:VED) announced Saturday a merger of two of its subsidiaries, Sesa Goa and Sterlite Industries, into a new corporate entity to be named Sesa Sterlite.

Andrew Topf | February 25, 2012 | 8:05 pm

Prospectors and Developers Association of Canada’s convention pumps $72 million into Toronto economy

According to a recent report generated by the Ontario Ministry of Tourism and Culture, the Prospectors and Developers Association of Canada's (PDAC) Convention contributed nearly $72 million to Toronto's economy in 2011.

Marketwire - Mining and Metals | February 23, 2012 | 5:50 pm

A new kind of hyperinflation: Zimbabwe hikes mining fees by as much as 8,000%

The Zimbabwe Chamber of Mines says the government's hike of pre-exploration fees for the majority of minerals – by as much as 8,000% – together with increased royalty rates will cripple the industry.

Frik Els | February 20, 2012 | 9:04 pm

Rio Tinto invests US$518 million in autonomous trains for Pilbara iron ore rail network in Western Australia

Rio Tinto will run the world's first automated long-distance heavy-haul rail network, with a US$518 million investment (Rio Tinto share US$478 million) in driverless trains.

Rio Tinto | February 19, 2012 | 11:10 pm

Anglo American reports solid 2011 profits thanks to coal and diamonds

London-based giant miner Anglo American PLC (LON:AAL) announced today record $13.3-billion 2011 earnings, a 23% increase in underlying earnings a share and a 14% increase in annual operating profits to $11.1 billion.

Cecilia Jamasmie | February 17, 2012 | 2:08 pm

Sundance shares plummet on further takeover delays

Sundance Resources said Thursday approvals for its Mbalam project are only likely to come in 2 months, further delaying a $1.4bn bid by Hanlong.

Mineweb | February 16, 2012 | 7:19 am

Vale profits fall 21% after bending to Chinese steelmakers

Vale is the world's largest producer of iron ore and a top nickel miner, reported a quarterly net profit of $4.67 billion, compared to $5.9 billion in the same quarter last year.

MINING.com Editor | February 16, 2012 | 1:27 am

Everyone wants a piece of Northland

The company, advancing iron ore projects in Sweden and Finland, decided to increase the size of the equity offering announced earlier in February due to "high demand" . Together with a fully subscribed bond offering the company is now raising close to $700 million.

Frik Els | February 15, 2012 | 9:16 pm

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Anglo American ordered to halt Brazil ops again after leak

Port, railway workers reject Canada miner IOC’s latest offer

Britain’s Vedanta hit by up to $600 mln charge for Goa iron ore unit closure

Exploration spending in Canada’s poorest regions keeps sliding

DRDGold okays Sibanye-Stillwater $110 million-assets exchange deal

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