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Asia Pacific
Eldorado seeks a buyer for its mines in China for $1.5bn
The largest foreign producer of gold in China Eldorado Gold is planning to sell its Chinese mines for $1.5bn. China National Gold Group, the country's biggest producer of the commodity, is reportedly interested in the deal, as well...
Africa
South Africa’s world’s third largest gold mining firm to sell some of its mines
World third largest gold mining company, AngloGold Ashanti with headquarters in Johannesburg, South Africa has plans of selling some of its mines so as to cut its borrowed debt by US$ 1bn. AngloGold’s CEO, Srinivasan Venkatakrishnan...
Asia Pacific
BHP Billiton to cut 150 jobs at Mount Arthur coal mine
Mining major BHP Billiton has announced that 150 miners from the Mount Arthur coal mine in Australia will be made redundant in the next four months. The proposed plans will affect full-time and contract workers in the production...
Asia Pacific
Aditya Birla to sell Mt Gordon copper mine in Australia
Aditya Birla Minerals copper mining company is negotiating with a third party to sell its Mt Gordon copper mine in Australia. Mt Gordon mine is located in north-west Queensland, approximately 120km north of Mt Isa, which was targeted...
Africa
South Africa’s AngloGold to unleash new technology for drilling gold in 2015
South Africa’s Gold mining company AngloGold Ashanti is set to unleash a new technology to be used in the gold industry in 2015. The technology involves the dispensing of conventional drilling and blasting and backfills cavities...
Africa
Modular Mining replaces competitive fleet management system at Iron Ore Complexes in Brazil
Modular Mining Systems, Inc., the global leader in the delivery of real-time computer-based mine management solutions for surface and underground mining operations, announced today one of the top multinational iron ore producers has chosen to implement Modular’s technologies at...
Europe
Lundin Mining buys 80% stake in Candelaria Mining for $1.8bn
Canada-based diversified base metals company Lundin Mining has completed acquisition of an 80% ownership stake in Candelaria / Ojos del Salado copper mining operations for $1.8bn from Freeport-McMoRan. As part of the deal, Lundin Mining has acquired mine...
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