Rio Tinto to lift Ivanhoe stake to 30pct
Anglo-Australian miner Rio Tinto says it will spend $393m acquiring more shares in Canada's Ivanhoe Mines to progress a landmark copper-gold project in Mongolia.
Imperial Crown seeks Sishen access
Imperial Crown Trading 289 has advised Kumba Iron Ore it wants to access the Sishen mine site to investigate ways in which it can exercise its prospecting rights.
BHP welcomes resolution of resources tax
BHP Billiton's CEO Marius Kloppers is encouraged by the comments of newly-appoinmted Australian Prime Minister Julia Gillard that her government will open the door for negotiations with the objective of achieving consensus.
Govt mulls wilderness mining application
As the search for mineral resources intensifies, another South African company has applied to dig in pristine wilderness; this time, in search of manganese ore.
BHP, Rio agree higher iron ore royalty
Iron ore miners Rio Tinto and BHP Billiton agree to pay higher royalty rates to the Western Australian state government in return for approval for their $116bn joint venture.
ArcelorMittal mum on new offer for Zisco
It is unclear whether ArcelorMittal SA, the South African arm of the world's largest steel producer, will re-bid for a stake in Zimbabwean Iron and Steel Company (Zisco).
BSI Steel in R70M acquisition deal
Steel company BSI Steel has announced that it is acquiring 100% of the issued shares of
the privately-held entities, Staalbeer Limited and Universal Pulse Trading 103 for R70m in shares and cash.
BHP Billiton in $3bn Liberian iron deal
Resources giant BHP Billiton has increased its drive for African iron ore, which will lessen its reliance on Australian mineral stores in the longer term.
Xstrata-Merafe to operate at 65% capacity
The Xstrata-Merafe Chrome Venture, which supplies around 20% of the world's ferrochrome requirements, on Thursday advised that it would operate on average at 65% of capacity during winter.
Rio Tinto joins in tax discontentedness
Resources giant Rio Tinto has added its voice to the chorus of miners that have expressed disappointment at the misrepresentation of the level of taxes it pays on its Australian operations.