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Indonesia: Freeport mine stays closed after accident

Indonesia's government may decide this week on whether to allow Freeport McMoRan Copper and Gold Inc to resume open-pit mining, the Minister of Energy and Mineral Resources said on Tuesday, five weeks after a tunnel collapse killed 28 workers. Freeport suspended...

Toledo Mining to delist from London?

DMCI Group will be seeking the approval of its shareholders to delist its mining unit, Toledo Mining, from the London stock exchange, a move meant to cut costs. In a disclosure to the stock exchange on Tuesday, June 18, DMCI Holdings said it will need to comply with...

Rio Tinto delays Oyu Tolgoi export start-up

Rio Tinto is delaying an event to mark first exports from the $6.2 billion Oyu Tolgoi mine in Mongolia, as it awaits final clearance from the government, sources familiar with the situation said on Thursday. Reuters and traders had been invited to a ceremony on June...

Rio writes $592m off aluminium smelter

Rio Tinto Ltd has written $592.1 million off its Tiwai Point aluminium smelter in New Zealand, slashing its value to just $14.8 million. The smelter's future is under a cloud as Rio seeks to sell it as part of a clutch of ageing Australasian aluminium production...

African mining laws struggle towards transparency

A wave of new African mining legislation designed to encourage investment in the continent at the same time as guaranteeing fair deals for host nations is struggling to achieve its aims, information released last week suggests. (Mentions Rio Tinto, AngloGold Ashanti,...

Nuclear news

Britain lobbies for nuclear export group to admit India Britain has stepped up efforts to let India join an influential global body controlling nuclear exports, a move that would boost New Delhi's standing as an atomic power but which has faced resistance from China...

Oops!:BHP loses a new mine

In its corporate old age BHP Billiton is getting a little forgetful. A little over two weeks ago the company took investment analysts on a tour of a few of its half-completed metallurgical coal mines in Queensland. In the opening presentation BHP Billiton’s newly...

The Biggest (Coal) Loser? BHP Billiton and thermal coal

There are two words that BHP-Billiton really seems to choke on these days: thermal coal. In a 47-page briefing released just over two weeks ago on the company’s global coal interests, thermal coal (or ‘energy coal’ as the company quaintly prefers to describe it)...

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