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African Queen Mines abandons Mozambique project
Canada's African Queen Mines Ltd has abandoned its plans to develop a mine at the historic Braganza gold deposit in Mozambique due to disappointing exploration results and the financial crisis.
Atlas ships copper to China at double current prices
The Philippines' second largest miner, Atlas Consolidated, has shipped its first copper concentrate to China at a whopping US$7,600/t, or more than double current prices, a company official said on Tuesday.
Copper slides as dollar rallies
Copper slipped almost 4% on Monday before paring losses, as a dollar rally weighed on most industrial metals. Profit-taking also pushed nickel, tin and lead lower.
Mines and Money London 2008 Presentations
Mines and Money 2008 delivered a conference which addressed the major, big picture challenges and opportunities in the mining and investment sectors today.Areva to operate Niger uranium mine
French nuclear energy group Areva said it had been awarded a licence to operate the Imouraren mine in Niger which it called the most important uranium mine in Africa and the second in the world.China cuts tax on some mineral imports
China will allow tax-free imports of copper, nickel and cobalt concentrate from February 1, as long as the finished products are re-exported, a statement on the Ministry of Commerce's website said, reversing a two-year old policy of taxing these flows.Sumitomo cuts copper production
Sumitomo Metal Mining Co Ltd, Japan's second-largest copper smelter, said it has cut its copper production plan by 7% for the six months to March as the economic slump eats into demand for the metal.Shenhua signs 2009 coal supply contracts
Shenhua Group, China's top coal miner, has signed term coal supply contracts for 2009 with three small power firms who will pay a little more than 10% above 2008 prices, but the country's top five power generating groups remained locked in talks with suppliers.
Norilsk suspends production at Botswana nickel mine
The world's top nickel producer, Russia's Norilsk Nickel, said on Wednesday it will halt for 12 days its Tati Nickel mine and concentrator in Botswana due to a furnace breakdown at a smelter that processes its concentrate.
Rusal sells stake in coal field
Russia's UC Rusal, the world's largest aluminium producer, said on Wednesday it had completed the sale of 50% of a coalfield to its Kazakh partner, state firm Samruk-Kazyna, formerly Samruk Holding.
China Shenhua inks coal deals but others drag feet
Shenhua Group, China's top coal miner, has signed term coal supply contracts for 2009 with three small power firms who will pay a little more than 10% above 2008 prices, but the country's top five power generating groups remained locked in talks with suppliers.
Mining Journal / Deloitte Photographic Competition 2008/09
If you could choose one image to sum up working in the mining industry, what would it be? We want to hear from you because we’re looking to unearth a powerful image that captures what it’s like working in mining today.Siberia mining towns feel the chill
Siberia's mining towns were booming earlier this year as steel mills feasted on their coal.Profits at Polymetal rise sharply
Russia's top silver miner, Polymetal, posted a first-half to June net profit of US$43.1 million against a loss of US$7.7 million a year earlier as output and metals prices both rose.SA mine deaths fall 23% in 2008
South African mine deaths fell 23% to 168 in 2008, compared with 221 in 2007, the Solidarity union said on Tuesday. South Africa, which has the world's deepest mines, has one of the highest rates of work-related mining deaths in the industrialised world.Subscribe NOW
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