Mining Industry News by Region

A study undertaken by gold and copper producer Philex Mining has confirmed the viability of its $1.5bn Silangan project on the island of Mindanao in southern Philippines.   Silangan has estimated reserves of five billion pounds of copper and nine million ounces of gold.   The mine is expected to…
Australian miner Mount Gibson Iron has temporarily stopped activity at its Koolan Island's main pit for four weeks, as a precautionary measure against instability in the upper part of the pit.   During this period, the Mount Gibson will monitor and repair the unstable section in the upper part of…
A new mining venture started by former Xstrata CEO Mick Davis, X2 Resources, has secured another $1bn from investors.   With the additional monies secured, X2 has amassed up to $4.8bn of funds including $3.3bn of committed equity capital and $1.5bn of conditional equity capital.   Davis said: "With almost…
Scotland-based engineering firm Weir Group has signed a deal with Kuala Lumpur-based private equity firm Navis Capital to purchase Trio Engineered Products, a Chinese-American mining services firm, for $220m.   The acquisition will allow Weir to expand its mining services business.   In addition, Weir will be able to provide…
Swiss power and automation technology group ABB has unveiled a new technology that is designed to help engineers easily resolve electrical problems in mines right from their control room.   The new technology called the System 800xA mining integrated distribution automation system (MIDAS) Library, features an enhanced substation control and…

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