Myanmar Wanbao: A new dawn for the Chinese copper miner

Miners who don’t show up to work the Christmas and New Year period at Sandfire Resources’ DeGrussa copper and gold mine in Western Australia, are being threatened with major fines and pay cuts.

Mining giants Rio Tinto and Anglo American are selling a 74.5% shareholding in the South African copper company Palabora Mining to a consortium of Chinese and South African firms, in a deal valued at about $611 million.

Glencore has extended the deadline to complete takeover of Xstrata (LON:XTA) by a month after South African power utility Eskom expressed worries about its coal supplies.

GE (NYSE: GE) introduced a new line of products in North America designed to maximize the value of coal brought into power plants by reducing material losses and mitigating fuel degradation brought about by oxidation.

Mining technology developer Maptek has appointed resellers for its Vulcan geological modelling and mine planning software in Mongolia and India.

Central banks fueled the supply of gold by 400-500 tons per year on average between 1989 and 2007, they are now increasing demand by the same factor.

The Vancouver area facility will incorporate a full range of the latest testing, inspection and verification services to cover your project needs from early exploration, through resource development, production, trade to closure.

The scope of supply includes a complete gold processing plant, excluding grinding mills.

Complete electrification, automation and instrumentation solutions for Bozshakol and Aktogay copper mines