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Rio Tinto makes China appointment
Rio Tinto has expressed a commitment to enhance relations with China by appointing a managing director in the country.
Mongolia to hire contractor for Tavan Tolgoi
Mongolia, where mines and quarries account for about 60% of industrial output, plans to start talks to select a contractor to develop the Tavan Tolgoi coal project.
Q Copper IPO postponed
Cape Lambert Resources Ltd has postponed its initial public offering for copper off-shoot Q Copper Australia Ltd due to “recent adverse market conditions”
Jubilee and Sylvania strengthen partnership
Jubilee Platinum plc, the AIM-quoted South African mining company, has entered into an agreement with Sylvania Resources Ltd to form two new joint venture companies.Private-equity business for Ambrian
Ambrian Capital plc has set up a private-equity business in partnership with a team of three former Glencore executives.New alliance formed to develop gold mines in Zimbabwe
Clarity Capital, a private mining house and a subsidiary of Aveng Ltd, the South African construction company, have formed a strategic alliance to develop mining assets in ZimbabweKolwezi arbitration
First Quantum Minerals has started international arbitration over the cancellation of the Kolwezi copper-tailings project in the Democratic Republic of Congo.Surge in mining IPOs in 2010 – Grant Thornton
Over the next 12 months mining companies are expected to raise record amounts of capital on global markets, according to a Grant Thornton study
Zimbabwe: Not so risky?
A recently-published report has rejected the commonly-held view that Zimbabwe is an extremely risky destination for business.
Stronger second half on key commodities for Xstrata
Xstrata plc says it experienced stronger second half production numbers for key commodities, while restructuring and operational improvements were showing results
London Stockpile: Metals price concern brings down equity
Prices for major mining companies wallowed early on, but turned around on Friday, salvaging an otherwise dire week
Metorex announces equity raising, debt holiday
Metorex Ltd, the DRC copper miner, says it intends to raise US$100 million in an equity raising, while also refinancing its debt facilityStrong opposition to proposed Australian mining tax
Australian mining companies are calling for clarification after it was revealed they may be hit by a new federal tax on minerals. These charges are reported to be much higher than the current state-based royalty system.Mineral Deposits spending US$80m
Mineral Deposits Ltd, the Senegal-focused gold producer, says it plans to spend US$80 million to increased production capacity at the Sabodala gold mine by a third to 200,000oz/y from the middle of 2011Fresh attack on Grasberg convoy
Another round of attacks on a Grasberg convoy has been confirmed by the Indonesian mine’s owners, Freeport-McMoRan Copper & Gold Inc. The company reports that shots were fired at a security-escorted convoy of five vehicles on the PT-FI road around Mile Post 60 in the Papua highlands on January 24.COMPANY NEWS
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