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Churchill files for arbitration
Churchill Mining plc has filed for international arbitration against Indonesia, as part of a long-running dispute over the company’s 75%-owned East Kutai coal project in the south-east Asian state. Full story...
Glencore raises Mutanda stake ahead of DRC ops merger
Glencore International plc said it would pay US$340 million to expand its stake in the Mutanda copper mine, located in Democratic Republic of the Congo’s (DRC) Katanga province, to a controlling 60%, ahead of a merger with its part-owned Kansuki copper operations. Full story...
African Copper says mill failure halts output at Mowana mine
African Copper plc said the production of copper concentrates from its flagship Mowana mine facility in Botswana has been halted since Sunday after the failure of the ball-mill pinion shaft Full story...
Polyus Gold completes expansion project at Titimukhta mine
Polyus Gold International Ltd, Russia's largest gold producer, said it completed an expansion project at its Titimukhta mine in the Krasnoyarsk region, Eastern Siberia aimed at increasing the mine throughput from 2.2 to 2.4Mt/y of ore. Full story...
Vale joins QR in Galilee rail competition
Vale SA has signed a memorandum of understanding with Australian rail operator QR National, with a view to cooperating in the development of a contested rail link in Queensland’s Galilee Basin. Full story...BHP chair weighs in on Australia taxes, labour and commodity boom
BHP Billiton's chairman Jac Nasser said that debate around Australia’s mineral taxation regime was damaging the country’s prosperity, while labour unrest and union activity meant the world's largest miner had been “unable to operate its business in a fair and consistent way.” Full story...Anglo Platinum launches platinum-based fuel cell locomotive
Anglo Platinum Ltd has launched a platinum-based fuel cell powered mine locomotive prototype. Full story...Northern Iron rejects A$477m offer
The board of Northern Iron Ltd has rejected an offer to buy the company from India’s diversified Aditya Birla Group (ABG), which would have paid around A$477 million (US$477 million) for the Norway-focused iron-ore producer. Full story...Lonmin profits and production fall
Platinum group metals (PGM) producer Lonmin plc said its earnings and production fell over the half year to March 2012, owing to weaker PGM prices and closures at its mines in South Africa. Full story...
Glencore foresees US$500 million in Xstrata synergies
Glencore International plc said it expected a proposed US$90 billion merger with Xstrata plc would be finalised by the September quarter this year, and would generate pre-tax synergies of ‘at least’ US$500 million next year. Full story...
BHP appoints energy coal head
BHP Billiton has appointed Ian Maxwell to head up the company’s thermal-coal division, after former head Jimmy Wilson transferred to lead BHP’s iron-ore division in March. Full story...
Brazil court cancels Vale bond relief ruling
Brazil’s Superior Court of Justice (SCJ) has overturned a ruling which relieved Vale SA of the requirement to post bonds in an ongoing tax dispute. Full story...
Rio Tinto appoints Ivanhoe management
Kay Priestly, former chief financial officer of Rio Tinto’s copper division, has been appointed as chief executive of the company’s majority-owned Ivanhoe Mines, after the two companies agreed a funding deal worth US$3.3 billion for Ivanhoe’s Oyu Tolgoi copper project in Mongolia. Full story...Aspermont and Beacon Events expand their global events partnership
Aspermont today announced it intends to further expand its global events offering with its partner of five years, Beacon Events. The objectives will be to extend the successful current range of brands. Full story...Copper falls, coal rises in Xstrata quarterly production
Xstrata plc said its copper production fell around 18% year-on-year over the January-April quarter, while coal production rose 9% and zinc output remained roughly constant. Full story...Polyus announces US$636m share sale and premium listing application
Russia’s largest gold producer Polyus Gold International Ltd said it would sell 7.5% of the company’s shares and would apply for a premium listing on the London Stock Exchange, bringing some clarity to recent speculation about the company’s plans for its stock. Full story...READ THE LATEST PRINT EDITION:
MJ 18/05/12
PROFESSIONAL PLACEMENTS
General Manager Processing - OK Tedi Mining
Ok Tedi Mining Limited operates a world class open pit mine and copper concentrator located in the Western Province of PNG.
Chief Operating Officer - TiZir Limited
Key Leadership Role with a $600M Joint Venture Project in West Africa, competitive salary package on offer with Residential and FIFO options.
Chief Executive Officer - Tin International Ltd
Tin International Ltd. (“TIN”) is in the process of becoming an ASX listed tin development company with assets located in Germany.
Aspermont and Beacon Events expand their global events partnership
The parent company of Mining Journal, Aspermont Ltd, recently announced it intends to further expand its global events offering with its partner of five years, Beacon Events.
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