Global miner Rio Tinto on Wednesday said it had agreed to sell its 40 per cent stake in the Bengalla coal mine in Australia to New Hope Corp for $606 million, the latest shuffle of Australian coal assets amid a sector-wide downturn.
South Africa's mines minister has ordered Glencore to suspend all operations at a coal mine because of the way it planned to carry out job cuts.
The country's mining industry is battling sinking commodity prices, rising co
Engineering group DRA has won a contract with Saudi Arabia's mining group Ma'aden Gold and Base Metals (MGBM) for the Ad Duwayhi gold mine, according to a report.
The mining project, located 450km southwest of Riyadh, will
A bomb weighing around 500kg that was buried in the Arabian Gulf for years was located and destroyed by a Bahrain-based minehunter.
It was discovered during a five-day exercise conducted by the French, British and US navies, said
Saudi Arabian Mining Co (Ma'aden) expects to start producing bauxite from a new mine in the second quarter of 2014, a company executive said.
Ma'aden and US partner Alcoa are developing a mine with the capacity to produce
Jiangxi Copper has joined a list of potential Chinese suitors interested in buying Glencore Xstrata $5 billion-plus Las Bambas copper mine in Peru, a report said.
Glencore's sale of the mine comes at an opportune time for Chin
A Centamin executive said on Wednesday that the London-listed firm was appealing a court ruling that declared its Sukari mine deal in Egypt invalid, a decision that sent the company's shares tumbling a day earlier.
New mine-sweeping technologies are being deployed to the region after the completion of a 10-day major naval exercise in the Gulf, which was designed to show a global will to keep oil shipping lanes open as Israel and Iran trade threats of war.
Arabian American Development (ARSD) has signed a three-year, $79 million contract with China National Geological & Mining Corporation (CGM) for the operation of the surface works of the Al-Masane Al-Kobra (Amak) mine.
This contract is
Turkish rescue teams found 28 dead in a coal mine in the northern Black Sea province of Zonguldak on Thursday, Energy Minister Taner Yildiz said, three days after an underground explosion caused the mine to collapse.