On November 20, 2012 Glencore and Xstrata shareholders will attend a meeting, where they will vote on the merger of both companies. The transaction is valued at USD 37 billion.
Freeport-McMoRan's 2012 net profit witnessed a decrease of 32% compared to 2011 due to a decline in the production of gold recently announced by the company.
Uranium One Inc. subsidiary Mantra Tanzania said today that it aims to start construction work on its Mkuju River uranium mine in southern Tanzania in 2013. The company hopes to become one of the top ten uranium producers worldwide.
Guangzhou Donghua Enterprise Co., Ltd. announced that it has signed a letter of intent with controlling shareholder Guangzhou Yuetai Group Co., Ltd. to acquire its gold mining subsidiary Xinyuan Mining.
Cassim Chilumpha, Minister of Natural Resources, Energy and Environment in Malawi, said today that the country holds more than 30 million tons of rare earths and a mining lifespan of roughly 30 years.
BHP Billiton CEO Marius Kloppers said during the company's annual general meeting yesterday that the record high iron prices witnessed over the past decade will not be repeated.
Union sources in South Africa have said that talks over the creation of a central bargaining platform for the platinum mining sector are slowing down as labor relations among the majority of platinum producers have begun to stabilize.
