Rio Tinto sells more assets, confirms talks with Chinalco
Rio Tinto (RTP-n, RIO-l) continues to hack away at its immense debt load with sales to Vale (RIO-n) of its undevelo…
Australia, NZ & South Pacific
New Lanfranchi Resource For Brilliant, Panoramic
VANCOUVER — A new estimate has boosted the nickel resource at the Lanfranchi mine in Western Australia for joint-venture partners Panoramic Resources (PANRF-O, PAN-A) and Brilliant Mining (BMC-V).
BHP Moves To Stanch The Bleeding
VANCOUVER–The world’s biggest mining company has joined the lengthy list of majors to close operations and trim payrolls in the face of sagging metal prices. BHP Billiton( BHP-N, BLT-L, BHP-A) is sus…
BHP suspends Ravensthorpe operations and cuts 6,000 jobs
Vancouver – The world’s biggest mining company has joined the now lengthy list of majors to close operations …
BacTech buys interest in PNG deposits
BacTech Mining (BM-V) is in the process of buying a 33% interest in two gold deposits in Papua New Guinea from Yama…
New resource for Brilliant at Lanfranchi
Vancouver – A new estimate has boosted the nickel resource at the Lanfranchi mine in Western Australia for joint ve…
Mirabela Adds To Santa Rita Resource
Mirabela Nickel (MNB-T, MBN-A) likes to describe its Santa Rita project in Brazil as the world’s largest greenfield nickel sulphide discovery in the last 12 years.
Continental Nickel’s Tanzanian results
Nickel may be trading at just US$5.96 per lb. but that isn’t slowing down Continental Nickel (CNI-V) at its N…
Monument loses $10M credit facility, amending Selinsing production plan
Vancouver – Two lenders have backed out of $10 million credit facility earlier promised to Monument Mining (M…
BHP OKs Aussie Iron Ore Expansion
BHP Billiton (BHP-N, BLT-l) has approved an expansion at its iron ore mining operations in Western Australia, which will raise production by 50 million tonnes to 205 million tonnes per year in 2011.
Editorial: Code Red For Rio Tinto
Rio Tinto’s debt pangs grew acute during the week ended Dec. 13, the fiftieth trading week of 2008. They were set off this time around by the late November collapse of BHP Billiton’s drawn-out hostile…
Nautilus delays seafloor mine development
The turmoil in the world markets has prompted Nautilus Minerals (NUS-T) to delay the construction of equipment for …