Business News

SGS closing in on Time Mining acquisition

 

SGS SA, the Swiss quality inspection services company, has today announced that it has entered into final negotiations to acquire the Time Mining Group of Companies.

Rio Tinto chief resigns

Tom Albanese has resigned as CEO of Rio Tinto after the announcement of a $14 billion “impairment” relating to its aluminium and coal mining businesses.

Canpotex in new agreement with Sinofert

Potash marketing company Canpotex Limited has reached agreement with Sinofert subsidiary Sinochem Fertilizer Macao to supply 1,000,000 tonnes of potash in the first half of 2013.

Qatar Holding opens the way for Xstrata-Glencore merger

 

Qatar Holdings, the second largest holder of shares in mining group Xstrata has said it will back the proposed merger between it and commodities trader Glencore.

Diamonds are not forever for BHP

 

BHP Billiton has announced that it is to sell its diamond business to jewellery maker Harry Winston.

Iron ore industry to remain turbulent through to 2020

A new report from Roskill offers an insight into the dynamics driving the iron ore market, and a market outlook to 2020.

Air Products to supply Zambian smelter

Air Products today announced the award of a contract to supply two oxygen plants for a copper smelter being built in Zambia by Kansanshi Mining Plc.  

Drilling to commence on the Mill Village Gold Project, Nova Scotia

Canuc Resources Corporation has announced that diamond drilling is scheduled to commence on its Mill Village gold property in Nova Scotia by mid-November. 

Bumi shares surge after Bakrie family offer

 

Indonesian coal miner, Bumi, has seen its share price increase following news that the powerful Bakrie family have proposed to split from it.

Whiter stones give Firestone Diamonds renewed optimism

International mining and exploration company, Firestone Diamonds has expressed its encouragement at the amount of whiter stones being recovered at its Liqhobong mine in Lesotho.

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