Anglo American (LON:AAL) has increased the capital expenditure budget for its largest project in development, the Minas-Rio iron ore mine in Brazil, by 15%, the London-listed major miner announced on Tuesday. That takes the capex for the project up to US$5.78 billion.

Peregrine Diamonds Ltd. ("Peregrine" or "the Company") is pleased to report that it has entered into a binding agreement with BHP Billiton to purchase BHP Billiton's 51 percent participating interest in the 8,580 square kilometre Chidliak diamond project ("Chidliak" or "the Project"), Baffin Island, Nunavut, Canada.

Peabody Energy (NYSE: BTU) today announced that it has completed the acquisition of all outstanding shares in Macarthur Coal Limited and holds 100 percent of the company.

Concerned about the un-taxed export of byproducts refined from platinum, the Zimbabwean government is considering drafting laws that would force platinum mining companies to set up refineries.

Tenova, a worldwide supplier of advanced technologies and equipment for the iron & steel and mining industries, announces today the acquisition of Bateman Engineering N.V., a leading equipment supplier and engineering house for the mining industry. The transaction is subject to the approval of the antitrust authorities.

After falling 17% from an all-time high in September some analysts maintain that the price of gold could fall even further

According to a source close to the deal, Chinese-controlled Yancoal Australia has approached Gloucester Coal with a plan to merge their neighbouring coal assets in Australia.

Minority partner Highlands Pacific said Tuesday it expects the Ramu nickel project in Papua New Guinea to operate close to maximum capacity by mid to late 2013.

The Japanese steelmaker expects its crude steel production in the January-March to be flat or slightly down on than that of the October-December period.