News

Centennial Coal has decided to put its Angus Place mine at Western Coalfields in New South Wales under care and maintenance due to falling prices of international coal.   Angus Place mine is operated by an equally owned joint...

A study undertaken by gold and copper producer Philex Mining has confirmed the viability of its $1.5bn Silangan project on the island of Mindanao in southern Philippines.   Silangan has estimated reserves of five billion pounds of copper and...

Australian miner Mount Gibson Iron has temporarily stopped activity at its Koolan Island's main pit for four weeks, as a precautionary measure against instability in the upper part of the pit.   During this period, the Mount Gibson will...

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...