Mining Journal Online

BHP Billiton matches Rio Tinto iron-ore price deal

With a pact in place with China`s largest steel mill, BHP said it was now seeking settlements with its other customers in China and other countries

Weekly Reader Poll Analysis - Should mining companies pull out of Zimbabwe?

Last week’s poll asked should mining companies pull out of Zimbabwe. A resounding 65% said yes they should.

Australia to boost scrutiny of mining deals

Treasurer Wayne Swan said Australia needed to make sure that Australian companies remained reliable suppliers to all current and potential trading partners

Mongolia opposition demands partial vote recount

Demand could dim hopes for stability in the Central Asian nation after four years of fractious coalition rule that has undermined economic growth and held up mining deals seen as key to lifting the country out of poverty

US gives partial clearance to BHP Billiton deal with Rio Tinto

US law gives antitrust authorities the right to re-open their investigation if new information comes to light before the transaction closes, however in reality, the US has now given full clearance to the deal

Clean-up begins in Ulan Bator

The violence that followed Sunday`s vote has dampened hopes for a period of stable government to develop the mining sector and tackle inflation in the vast but thinly populated country, strategically sandwiched between China and Russia

Vale eyeing takeover possibilities

Brazilian iron ore miner Vale has a strong balance sheet and is always analysing acquisition opportunities, its chief executive, Roger Agnelli, said

Mongolia imposes emergency after post-election riots

Mongolia imposed a four-day state of emergency after riots in the capital, Ulan Bator, by protesters alleging the June 29 elections won by the ruling party were rigged

Brazil`s Vale says interested in Paranapanema units

Brazilian iron ore miner Vale said on Tuesday it was not interested in buying all of local base metals group Paranapanema, but has considered buying two of its subsidiaries

Xstrata begins study of A$1 billion port in Australia

Xstrata plc, the world`s biggest exporter of power-station coal, will this month begin studying a potential A$1 billion (US$955 million) investment to expand a port on Australia`s northeast coast

Russian miner Yuzhuralzoloto plans share offer

Russia`s fourth-largest gold miner, plans to place up to 25% of its equity minus one share in an IPO to fund the acquisition of new mining licences and build a new plant

AngloGold Ashanti buys US gold miner

The world`s third-biggest gold producer said shareholders of Golden Cycle had approved the deal, effective from July 1

Gold Fields loses 70 kg of gold production at Kloof after shutdown

The mine resumed operations on Sunday evening after two days of lost output

South Korea`s Posco to take 10% of Macarthur Coal for US$404 million

The world`s number four steel company is the third overseas investor to hold a major stake in the Australian miner, in a move that could block any takeover of Macarthur

Leyshon Resources plans secondary listing in Hong Kong

Share placing is aimed to accelerate development at its north-eastern China Heilongjiang mine which is expected to start production next year

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