Thursday 28 July 2016
 
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Dubai firm seeks funding for $8bn Guinean mine

A Dubai-based resources firm is in talks with trading houses to develop bauxite reserves in Guinea, valued at $8 billion and previously held by BHP Billiton, the company's co-founder said on Thursday. James Tounkara, co-founde

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Iran firm invests $30m in mine exploration activities

Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has invested $30 million since mid-March 2015 in mine exploration activities across Iran, a senior official said in a report. The reports on the

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100 people unaccounted for after South Africa mine collapse

More than 100 people were unaccounted for after a gold mine in Mpumalanga province in northeastern South Africa caved in, a union official said on Friday, while emergency services said 49 miners had so far been brought to the surface.

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Minehunters to dock at new British base in Bahrain

British aircraft carriers will not dock at a new naval base expected to open in Bahrain this year because the water is “not deep enough”. However, UK  minehunters will be there permanently, said a report in the Gulf Daily

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Iran tenders for development of new gold mine

Iran has tendered the development of a new gold deposit in its Qazvin province, with an aim to develop the participation of the private sector, according to a report.   Early prospecting at the Niku’iye gol

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Rio Tinto coal divestment starts with around $600m sale

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.

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Glencore mine shut over job cuts process

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

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DRA wins Ma'aden Gold deal for Ad Duwayhi mine

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

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454kg bomb destroyed in Gulf by Bahrain minehunter

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

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Ma'aden sees bauxite from new mine in Q2 2014

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

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