Coal of Africa Limited (CoAL) CEO John Wallington said that the company has initiated proceedings to take former financial director Blair Sergeant to court over breaches of duties by Sergeant on a transaction in 2009 and 2010.
Miranda Gold Corp. said its has received a notice of termination of the exploration agreement with option to joint venture with Agnico-Eagle, on Miranda's Ester Dome project in the Fairbanks mining district of Alaska.
Shares of Sundance Resources have been suspended from trading in anticipation of Hanlong Mining Investment's forthcoming USD 0.45-per-share bid for the company's stock. The offer was expected to be announced on Tuesday.
Chile's copper production rose 7.8% YoY in August to 462,643 tonnes. Chile, the world's largerst copper producer, produced 414,339 tonnes of copper in July, corresponding to a 9.8% YoY increase but an 8.5% MoM decrease.
On September 26, Zhou Fengqi, a consultant of the National Development and Reform Commission Energy Research Institute, said that the Chinese government will relinquish its control over the trading price of thermal coal.
Approximately 40% of South Africa’s gold production capacity is offline due to the combined impact of the ongoing illegal strikes at Gold Fields and AngloGold Ashanti’s operations in the country.
Alan Chirgwin, general manager of marketing at BHP Billiton's iron ore division, said the company expects economic growth in China to firm up through the rest of the year. He also noted that BHP's long-term view on China is positive.
Solvay is officially opening two rare earth recycling units in France today. The plants obtain rare earths from end-of-life equipment such as low-energy light bulbs, batteries or magnets.
Local residents continue to blockade the roads into and out of the Pierina mine in Peru's Huaraz Province in support of demands for water rights. The mine is operated by Barrick Misquilchilca, a subsidiary of Barrick Gold.
At the Russia Investment Summit, Norilsk Nickel CEO Vladimir Strzhalkovsky said the company looks to obtain licenses for platinum group metals deposits in South Africa to increase its resource base.
