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Creamer Media's Mining Weekly
Botswana to open bids for coal-fired plants - official - Creamer Media's Mining Weekly
JOHANNESBURG – Botswana will issue a tender this year for two 300 MW coal-fired power plants to be built by independent producers to meet rising demand in the landlocked southern African country, a senior government official said on Wednesday.
Petrobras, Vale eye rare earths deal to replace China - Creamer Media's Mining Weekly
RIO DE JANEIRO – Brazil's state-run oil company Petrobras and mining giant Vale are in talks over a rare earths deal that would allow Vale to replace China as Petrobras' supplier of lanthanum oxide for oil refining, sources close to the negotiations ...
Small miners in Indonesia need to team up with smelters - govt - Creamer Media's Mining Weekly
JAKARTA - Small miners in Indonesia, a major producer of raw materials, need to team up with larger firms investing in smelters to avoid a 2014 ban on raw mineral exports, a government official said on Tuesday. Indonesia plans to ban exports of some ...
Indonesia mine export tax aimed at curbing output boom - Creamer Media's Mining Weekly
... government is considering a hefty tax this year on mining exports to curb a production boom as miners are trying to overexploit resources before a 2014 law that will require raw ore to be upgraded, a senior government official said on Wednesday.
A massive coal pitfall for India's industrial ambitions - Creamer Media's Mining Weekly
"When companies are struggling for coal and not able to explore coal blocks allotted to them, a report like this will further worsen the situation," said a Jindal executive who declined to be named because he was not authorised to speak on behalf of ...
A massive coal pitfall for India's industrial ambitions - Creamer Media's Mining Weekly
"When companies are struggling for coal and not able to explore coal blocks allotted to them, a report like this will further worsen the situation," said a Jindal executive who declined to be named because he was not authorised to speak on behalf of ...
Ontario junior gets C$3.5m settlement to cede controversial claims - Creamer Media's Mining Weekly
One mining executive, who asked to remain anonymous, said that in some cases, aboriginal communities simply refuse to consult even when a company is willing, unless they are paid compensation to do so. Some communities were demanding payments of more ...
Kinross seen priced for takeover, but hurdles high - Creamer Media's Mining Weekly
Kinross typically holds its annual shareholder meeting in the first week of May. It has yet to set a date for this year. "You can expect some shareholder activism in this case," said one Toronto-based investment banker, who declined to be identified ...
Glencore would divide Viterra in 3 parts - source - Creamer Media's Mining Weekly
The source, who is not authorized to speak on the record, asked not to be named in this story. "Whoever's going to be involved in this will be aware of issues with the Competition Bureau," the source said. "Everybody is aware how the bureau views these ...
Search for coal leads to Canada's high Arctic - Creamer Media's Mining Weekly
The analyst, who asked to remain anonymous as he does not cover the company, said there was space in the market for new coking coal producers. “A lot of the traditional coal basin are well understood and fully developed,” he said.
Harry Winston, others circle BHP's diamonds - source - Creamer Media's Mining Weekly
Diamond miner and luxury jeweller Harry Winston is among several potential suitors circling BHP Billiton's majority stake in the EKATI diamond mine in Canada, a person familiar with the matter said on Wednesday. BHP, the world's largest miner, ...
US to challenge China on rare earths curbs at WTO - Creamer Media's Mining Weekly
WASHINGTON - The US, Japan and European Union plan to bring a new trade case against China over its export restrictions on rare earth minerals used in a variety of high-tech and clean energy products, senior administration officials said on Monday.
New fronts open in aluminium storage battle - Creamer Media's Mining Weekly
Taking Vlissingen, Johor and Detroit out of the system, there's almost no 'free-float' or available aluminium, because the rest of the 3.5-million tons is largely tied up in financing deals, said an analyst who declined to be named.
Nkwe offered settlement to ARM/Amplats - Creamer Media's Mining Weekly
... African Rainbow Minerals and its joint venture partner Anglo American Platinum (Amplats) were offered the Hoepekrantz property as a settlement in its dispute with ASX-listed Nkwe Platinum, but refused the offer, a source close to the deal said.
Bidding war for Minefinders unlikely after Pan American offer - Creamer Media's Mining Weekly
An analyst, who asked to remain anonymous because he had not yet sent out research to clients yet, said “on a per ounce basis it [the bid] looks to be a little bit on the high side”, but that there were “many working gears to this transaction”.
Jaguar falls on TSX after CEO's sudden departure - Creamer Media's Mining Weekly
Another fund manager, who asked to remain anonymous, agreed. It was now likely that the reported $750-million bid from Shandong would proceed, said Stephenson. "Given what we know, its probably going to happen," he commented. ...
Century aims for 10Mt/y iron output in 5 years - Creamer Media's Mining Weekly
One analyst, who asked to remain anonymous, said this was a lofty plan, given the property's remote location in Northern Quebec. “There's nothing there. That project will never ever get anywhere,” he said. However, in a presentation on Tuesday, ...
Citic weighs options for Macarthur after Anglo counterbid collapses – sources - Creamer Media's Mining Weekly
SYDNEY – China's Citic Group is weighing up its options as it seeks a higher offer price from Peabody Energy for its stake in Macarthur Coal following the collapse of advanced talks to launch a counterbid for the Australian miner, sources said Thursday ...
Guinea, China in talks over bauxite mine, refinery - Creamer Media's Mining Weekly
One source, who asked not to be named, said the project, which is in Boffa, some 120 km west of the capital, Conakry, and could begin as soon as 2012, would cost $5.8-billion. Guinea, already the world's top bauxite exporter, is also rich in iron ore ...
India chasing its tail in price talks - Potash Corp's Doyle - Creamer Media's Mining Weekly
A Bay Street analyst, who asked to remain anonymous, said any hiccups in the world economy would affect Potash Corp, as most farmers are heavily dependent on credit, but pointed to how quickly the business rebounded from the Great Recession of 2008. ...
Extract in talks over funding, offtake for uranium project - Creamer Media's Mining Weekly
An analyst, who asked to remain anonymous, said it was likely the mine would start producing in mid-2015, though this was not clear until the company had the mining licence in hand. She said Epangelo would likely seek a maximum stake of 20% in Husab, ...
Cliffs mulls TSX/LSE listing - Creamer Media's Mining Weekly
A US-based analyst, who asked to remain anonymous, said that it could lead to a rerating in Cliffs' share price if it were to list elsewhere. “If you can get your shares to a wider audience that could create more demand,” he said. ...
Miners on the hunt for deals - Creamer Media's Mining Weekly
... development projects, there are a number of companies with reasonably advanced projects that seem to be just waiting for someone to come and buy them out, commented a Toronto-based investment banker who also asked not to be named in the article. ...
Antofagasta's Q3 costs rise, output target on track - Creamer Media's Mining Weekly
Some of that was expected, but overall costs were a surprise to the upside," said a London-based analyst who declined to be named. ...
ArcelorMittal SA to buy ICT should Sishen rights be confirmed - Creamer Media's Mining Weekly
An analyst, who refused to be identified in line with company policy, argued that the risks were “relatively small”. He calculated that the impact on the ...