Mining hopeful EZA Corporation has exercised its rights over the Challa gold and base metals project, in Western Australia, following a due diligence exercise. The company last month secured an exclusive right over the Challa project, which covers some 1 750 km2.
Russian aluminium giant Rusal said tycoon Mikhail Prokhorov has agreed to sell around a 7% stake to billionaire Viktor Vekselberg for $503.9-million, concluding lengthy negotiations over a sale.
Prokhorov, a minority shareholder in Hong Kong-listed Rusal, had been in talks to sell a 12% stake in the company to Vekselberg since last year but talks stalled in February.
Queensland’s Environment and Heritage Protection (EHP) department has fined Indian conglomerate Adani A$12 190 for an authorised stormwater release from its coal handling facility at Abbot Point during Cyclone Debbie, in March.
Diversified miner Exxaro Resources expects to report headline earnings per share (HEPS) of 795c to 925c for the six months to June 30. This compares with HEPS of 309c for the six months to June 30, 2016.
Mining contractor Mastermyne has been awarded a roadway development contract at coal miner Whitehaven’s Narrabri mine, using place change methodology.
China has hit the halfway point towards meeting it target of cutting coal mining capacity by 800-million tonnes a year by the end-2020, the state planner said on Friday.
The Association of Mineworkers and Construction Union (AMCU) wants to have South Africa’s “unfavourable” trade agreements reviewed and potentially amended as the country struggles to industrialise and beneficiate, exacerbating the current jobs “bloodbath” in the mining sector.
Russian integrated steel and mining company Evraz reported a doubling in first-half core profits on Thursday and proposed its first dividend since 2014, with results buoyed by higher coking coal and steel prices.
Ricus Grimbeek has resigned as chief technology officer of diversified miner South32, to pursue other interests. “Ricus made a significant contribution to South32 in its formative years as a key member of the executive committee.
Diversified mining and marketing company Glencore said “extensive efforts” to reposition its balance sheet and propel the company’s industrial asset portfolio improvements over the last two years were reflected in its strong interim financial performance.