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Mining will continue drive Australian economy for the next five years Economic forecaster BIS Shrapnel has said that the mining industry would continue to be a positive driver of the Australian economy over the next five years, despite a predicted fall in investment in the sector. In its ‘Mining in Australia 2013 to 2028’ report, BIS said that mining investment, produ...

DRC copper export ban will have no real impact on operations – Tiger ASX-listed Tiger Resources on Friday said there will be no material impact on its operations or the continued sale of copper concentrate from its Kipoi copper mine, in the Katanga province, in the Democratic Republic of Congo (DRC), after the country’s government banned the export of copper and coba...

Congo bans exports of copper, cobalt concentrates Democratic Republic of Congo has banned exports of copper and cobalt concentrates to encourage more value-added production, according to an order from the Mines Ministry obtained by Reuters on Wednesday. The order, dated April 5 and signed by Mines Minister Martin Kabwelulu, provides companies 90 d...

Coal Will Continue to Build America Despite the magnitude of this contribution, however, coal's past is only prologue to its future. The United States has more coal than OPEC has oil and more coal than Iran and Russia have natural gas. Coal can reliably provide affordable electric power to Americans for the next 250 years or more. In ...

China approves $157bn infrastructure spending SHANGHAI/BEIJING: China has given the green light for 60 infrastructure projects worth more than $150 billion as it looks to energise an economy mired in its worst slowdown in three years, fuelling ho

Wilkie Creek sale going ahead - Peabody US energy major Peabody Energy on Friday denounced claims that it had shelved the sale of its Wilkie Creek coal mine, in Queensland, as commodity demands declined. In a short statement, Peabody said that the sales process for the Wilkie Creek mine remained under way, and added that discussions with...

Cameco Buys BHP Billiton's Yeelirrie Uranium Project for $430M - The Energy Report Just days after BHP Billiton announced it would mothball more than $60B in expansion projects, the company announced it had signed an agreement to sell its Yeelirrie uranium deposit to Cameco for $430M.

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Xstrata kicks off production at Mount Margaret mine | MINING.com London listed Xstrata (LON:XTA) started Thursday copper production at its $310 million (A$300) Mount Margaret operation in north-west Queensland, Australia.

Anglo concludes sale of 25.4% stake in AA Sur to Codelco JV Diversified miner Anglo American has completed the sale of a 25.4% stake in its Chilean copper assets to a joint venture (JV) consisting of Codelco and Japanese partner Mitsui for $1.7-billion, the company reported on Monday. Last week, Anglo and Codelco announced that their ten-month dispute over A...