A new mining venture started by former Xstrata CEO Mick Davis, X2 Resources, has secured another $1bn from investors. With the additional monies secured, X2 has amassed up to $4.8bn of funds including $3.3bn of committed equity capital...
Scotland-based engineering firm Weir Group has signed a deal with Kuala Lumpur-based private equity firm Navis Capital to purchase Trio Engineered Products, a Chinese-American mining services firm, for $220m. The acquisition will allow Weir to expand its mining...
Swiss power and automation technology group ABB has unveiled a new technology that is designed to help engineers easily resolve electrical problems in mines right from their control room. The new technology called the System 800xA mining integrated...
India-based JSW Steel (JSW) is reportedly in talks to purchase the British iron ore mining firm London Mining. London Mining, which operates a small mine in Sierra Leone, has recently accumulated significant debts due to fall in the...
BHP Billiton is looking at a London listing for its planned metals and mining company, which will be created from demerging some of its non-performing assets, including the aluminium, bauxite and nickel businesses, worth approximately $16bn. In August,...
Around 200 mine workers in Poland are protesting against importing coal from Russia by blocking the trains carrying coal at a border passage in northern Poland. According to mining union leaders, the cheaper coal is being imported from...
Poland has rejected a proposal from coal mining company Lubelski Wegiel Bogdanka to expand its coal mining operations and double reserves. In July this year, the company announced its plans to double its recoverable coal reserves from the...
