Samancor Manganese approves expansion of GEMCO mine

Reuters reported that the world's largest manganese mine, the GEMCO operation in northern Australia, is set to boost annual output to 4.8 million tonnes from 4.2 million from late 2013.

Steel Guru | July 31, 2011 | 4:58 pm

Nickel Asia H1 net income jumps 149pct YoY

Reuters reported that Nickel Asia Corporation, the Philippines' largest nickel producer, is partly owned by Japan's Sumitomo Metal Mining Co Limited. The Southeast Asian country was the world's third biggest producer of nickel ore last year, behind

Steel Guru | July 31, 2011 | 4:58 pm

Labor unrest in copper mines over the past year

Reuters reported that miners from Chile to Indonesia have staged strikes to demand a bigger share of a global copper boom, stoking supply fears and boosting prices.

Steel Guru | July 31, 2011 | 3:11 pm

Kazakhmys H1 copper production falls but still on target

Reuters reported that Kazakh miner Kazakhmys posted 7% dip in H1 copper production in line with expectations and said it was on track to meet its full year target of 300,000 tonnes after the second quarter saw improved grades and output.

Steel Guru | July 30, 2011 | 8:24 pm

Tanzania uranium mining to boost economy

The Tanzanian government has planned a USD 400 million uranium mining project by Australian based Mantra Resources in the Selous Game Reserve, a project that will greatly boost the country’s economy.

Steel Guru | July 30, 2011 | 8:24 pm

Mirabela Nickel Q2 2011 sales up by 88pct QoQ

Commodity Online reported that Mirabela Nickel Limited has sold 3909 tonnes of nickel in Q2 2011, up by 88% QoQ. Production at its Brazilian mine boosted by 20% to 3395 tonnes. However, cash costs also rose by 13% to USD 7.85 from USD 6.97 during the

Steel Guru | July 29, 2011 | 4:27 pm

Vale to invest more than USD 6 billion on port and rail expansion

Iron ore miner Vale announced plans to invest more than USD 6 billion in expanding its port, railway and potash production capacity to keep up with booming demand for raw materials in Brazil such as fertilizer, sugar and grains.

Steel Guru | July 29, 2011 | 1:30 pm

Namibia chamber warns over new tax

Namibia's Chamber of Mines wants the government to reconsider plans to impose a further 17% tax on exploration and mining firms in the southern African producer of diamonds and uranium, saying it would discourage investors.

Steel Guru | July 29, 2011 | 1:30 pm

China target to break Big 3 grip on iron ore

China Daily cited an industry official said China the world largest steelmaker and iron ore consumer has set a target of dramatically increasing ore imports from Chinese invested resources in the steel industry 12th Five-Year Plan (2011-2015) Mr Li

Steel Guru | July 26, 2011 | 9:04 am

CIL may buy 30pct stake in Indonesian firm

Coal India Ltd is in advanced stages to acquire a 30% stake in an Indonesia coal firm. Mr NC Jha chairman of Coal India said that the company has sought the government's permission to go ahead with the deal, without revealing the target entity.

Steel Guru | July 26, 2011 | 9:04 am

Indian iron ore mining mess – Drop three ministers over illegal mining

An NGO waging a battle against illegal mining asked Karnataka chief minister Mr BS Yeddyurappa to drop three ministers of Bellary including tourism minister Mr G Janardhana Reddy from the ministry alleging that their involvement in illegal mining 'has

Steel Guru | July 26, 2011 | 9:04 am

Namibia proposes mining tax hike

Nambia?s ministry of finance said that Nambia plans to raise its mining tax by 17% to boost revenue, but the hike will not apply to the diamond sector. As per report the ministry of finance wants the mining tax to be raised to 44% from 37.5%.

Steel Guru | July 26, 2011 | 9:04 am

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