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Rio Tinto and Chinalco team up on Simandou

Aluminium Corp of China (Chinalco) will inject US$1.35 billion into Rio Tinto’s Simandou Iron Ore project in Guinea

Read More: Mining & Metals Scenarios to 2030

In the keynote presentation, Jan Klawitter of the World Economic Forum set out the results of the organisation's year-long dialogue with business, governments, non-governmental organisations and academia concerning where the mining and metals industry might be in 20 years' time.

London Stockpile: African Barrick lists, mid-cap pure plays show most gains

African Barrick Gold plc listed on Friday after raising £581 million (US$880 million) selling 101 million shares at £5.75 each.

Hochschild sues Minera Andes

Hochschild Mining plc has filed a law suit against Minera Andes Inc, its partner on the San Josè silver mine in Argentina, seeking repayment on a US$65 million loan. Minera Andes chairman Rob McEwen welcomed the news, saying it will favour shareholders.

Boost for Massey with coal takeover

The coal portfolio of Massey Energy Co has received a major boost after the company this week signed an agreement to purchase Cumberland Resources Corp.

Companies featured in the 12-03-10 Issue of Mining Journal

All companies featured in the latest issue of the Mining Journal are listed below for your convenience. Companies are shown alongside a link to their Company News Portal as well as links to all articles in the latest issue related to them.

Gem Diamonds records a profit

A cost-cutting strategy to combat the effects of the global financial crisis has guided Gem Diamond Ltd to a profit for the year to end-December.

European Goldfields moves a step closer to Romanian mine

European Goldfields Ltd has received another key approval for its 80%-owned Certej gold-silver project in Romania.

Vale looks to contractors

Vale will continue with plans to increase nickel production at its strike-bound Canadian operations by hiring outside workers, the company announced.

London Stockpile: Pricing disputes impact market

News surrounding commodity prices has been prominent in recent weeks, and has boosted some companies' position on the London market. The Mining Journal editorial team takes a look at the past week’s proceedings.

Firestone secures another toll treatment deal with De Beers

Firestone Diamonds, the junior diamond development company, has been selected for another De Beers toll treatment project, this time at the Namdeb assets on Namibia’s coast.

Fortescue expands Solomon production target

West Australian iron-ore producer Fortescue Metals Group has upped the production target for its third mine and planted a US$8.9 billion price on the next stages of its expansion.

Metals Economics Group’s World Exploration Trends report

The Mining Journal website this week includes a summary of miners that feature in Forbes Rich List, and an eight-page summary of Metals Economics Group’s latest World Exploration Trends report.

Batista jumps up rich list

Brazilian Eike Batista, controlling shareholder of iron-ore producer MMX Mineraçao & Metalicos SA, is the biggest gainer in this year’s rich-list from Forbes. We list some of the other miners in the ranking.

London prepares for wave of IPOs

Market activity in London will receive a boost in coming weeks as the local bourse prepares for its first sizeable new mining entrants, coupled with the first significant initial public offerings (IPOs) since the middle of 2008.

Cape Lambert to sell Lady Annie

ASX-listed Cape Lambert Resources Ltd will sell its Lady Annie project in Queensland to an unknown Asian buyer, abandoning the proposed listing it had planned for spin-off Q Copper, MiningNews.net reported.


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