Mining Industry Press Releases

Anglo American plc announces it has reached agreement with China Molybdenum Co. Ltd (“CMOC”) to sell its Niobium and Phosphates businesses for a total cash consideration of $1.5 billion (“the Transaction”). The total consideration will be payable to Anglo American at closing, subject to certain closing and post-closing adjustments.The wholly…
Anglo American announces the commissioning of its Grosvenor metallurgical coal longwall operation in the Bowen Basin of Queensland, Australia.                                                              …
Rio Tinto and its partners, the Government of Mongolia and Turquoise Hill Resources, have approved the next stage in the development of the world-class Oyu Tolgoi copper and gold mine in Mongolia. The development of the underground mine will start in mid-2016 following the approval of a $5.3 billion investment…
Nowadays, “new economy” is always a hot topic of the world. On an executive meeting of the State Council, Premier Li Keqiang re-explained the concept of “new economy”, and highlighted “new energy auto” as a landmark of “new economy”. The meeting also determined the measures of continuing to support new…
String of high-grade high-tonnage discoveries reestablishes Canadian province as the world’s richest uranium jurisdiction It's a fact that new high-grade high-tonnage metal deposits are becoming extremely scarce, with falling grades and a lack of new world-class deposit discoveries. While it is next to impossible to imagine, for example, discovery of…
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