Finland's Outotec has been awarded a $105 million contract to build a new gas cleaning and sulphuric acid plant for Kansanshi Mining's Solwezi copper smelter in Zambia.
South Africa's ABSA bank plans to launch platinum and silver Exchange Traded Notes (ETNs). Will they prove to be as successful as the country's New Gold ETF?
South Africa is pricing itself out of the ferrochrome market despite it being the world's largest producer of chrome ore by selling it at low cost to China
Noble, which owns nearly two-thirds of Gloucester Coal, will vote all its shares in the company in favour of a merger with Yancoal Australia, expecting A$412 million under the deal terms.
The company expects flat operating profit this year, held back by a new mining tax, and is looking for more deals following its $3 billion acquisition of Quadra FNX.
The group will work with eight mining groups in Kenya, Tanzania and Uganda to address dangerous working practices and environmental damage in small-scale gold mining.
State-controlled Herald newspaper says Zimbabwe's Mines and Empowerment ministers will meet on Wednesday and announce a decision on Zimplats after latest talks on black ownership ended in deadlock.
Rio Tinto plans to invest $2 billion in an iron ore project in the eastern Indian state of Orissa to supply Indian and overseas clients, Sam Walsh, head of the miner's Australia-based iron ore division, told reporters.
Mining companies operating in the Philippines reckon the new mining policy to raise tax revenues, to be unveiled this month, will deter potential investors.
CEO Vitaly Nesis said Thursday the company is eyeing acquisitions in Kazakhstan, Armenia, Ukraine, the Russian Far East and Urals, adding that activities in Finland were also of interest.
Platinum appears to be rapidly overhauling gold as its fundamentals improve as industry picks up coupled with African mine troubles and it looks set to re-establish its price premium in the very near future.
