Mining giant Rio Tinto (RIO.L) said on Friday it would pay the government of Guinea $700 million after reaching an agreement to resolve all outstanding disputes over blocks 3 and 4 of its Simandou iron ore project. The company said in an emailed statement to Reuters that it had signed a settlement to secure Rio's mining title for the southern Simandou blocks, paving the way for some $10 billion in investment and the first shipment of iron ore by mid-2015.

Rescuers and heavy equipment are picking through the debris in hopes of finding more survivors after a landslide thundered down a mountainside in the Philippines on Good Friday. The avalanche of mud hit the mining village of Panganason around 2:30 am Friday morning, according to a story posted on Inquirer.net. Clad in orange suits, the rescuers sifted through the rubble in the hope of adding more survivors—15 so far—plucked from the mud and rocks. But 21 people remained unaccounted for, according to Maj. Jake Obligado, commanding officer of the 71st Infantry Battalion.

Academy-award winning director, actor and environmental activist, Robert Redford, Thursday became the latest face of those opposed to the development of the massive Pebble copper-gold mining project near Bristol Bay in Alaska. In a blog published on the Huffington Post political website, Redford claimed, "I am not against mining. I am against putting mega-mines where they don't belong."

A huge magnetite project in Western Australia could produce one and a half billion tonnes of magnetite and have a mine-life of 30 years, according to a story in The Kalgoorie Miner, posted on Mindax's website: A sleeping giant in the Yilgarn iron province is quietly ticking all the boxes on its way to production. Mindax's 1.48 billion tonne Mt Forrest magnetite project is the biggest JORC compliant iron resource in the region.

Newstrike Capital Inc. (TSX-V:NES) is pleased to announce additional drill results from the company's 100%-owned Ana Paula Project, Guerrero Gold Belt (GGB), Mexico. The reported drill holes represent a cross section of targets from ongoing widely spaced step out and infill drilling that continues to intercept gold mineralization over multiple mineralized horizons.

The cost of developing the huge Wafi-Golpu gold-copper project in PNG could be as much as $4billion according to Harmony CEO, Graham […]

TNG Ltd (ASX: TNG), which recently released a positive scoping study review of Mt Peake said today it had a memorandum of understanding (MOU) with a major Chinese engineering and development company. It was also now in discussions with other potential funding/development partners.

Miner Anglo American stuck to its production targets on Thursday despite a first quarter that saw floods and heavy rains hampering output, with coal output from its Australian operations down by over a third. Anglo, the world's fifth-biggest diversified miner, is the latest operator to detail the impact of freak weather across its operations. Image by Jam343.

African Barrick Gold (ABGL.L: Quote) said its net profit declined in the first quarter as lower production and higher costs offset rising gold prices. Net profit fell 5 percent to $50.4 million as the miner's production dipped 2 percent to 173,907 ounces. Cash costs jumped 28 percent to $658 an ounce.