Silver Wheaton Corp said on Tuesday it had signed a $1.9 billion deal with Brazil’s Vale SA to acquire a share of the gold produced at some of the company’s mines in Brazil and Canada.
http://www.reuters.com/article/2013/02/05/silverwheaton-vale-idUSL1N0B5OEB20130205
Jamaica and Japan on Monday started cooperation on rare earth extraction by breaking ground for a pilot plant amid concerns from local environmentalists.
The plant in St. Andrew, funded by Japanese company Nippon Light Metal with initial investment of 3 million US dollars, is expected to extract some 1,500 metric tonnes of rare earth oxides annually from Jamaican red mud.
http://www.globaltimes.cn/content/760274.shtml
Russian mining giant OAO Norilsk Nickel (GMKN.RS) has approved an investment program worth 75.4 billion rubles ($2.5 billion) in 2013, the company said in a statement Monday.
CAPE TOWN (miningweekly.com) – The global commodities market was at a “very delicate” and “overly pessimistic” stage, Credit Suisse Commodities Research head Ric Deverell said on Monday.
State-controlled miner Aneka Tambang says its revenue growth was flat last year compared to 2011 as a fall in ferronickel production was offset by rises in nickel ore and gold.
Alex Thursby, ANZ’s chief executive officer, international and institutional banking, told a seminar on Indonesia a few days ago: “I am passionate about Indonesia. I think it should be number one” on that list of the Australian for investment.
Rio Tinto Group (RIO), the second-biggest mining company, is considering a temporary halt to construction work at its $6.2 billion Oyu Tolgoi copper and gold project in Mongolia as the government demands a greater share of profit from the mine, according to two people familiar with the plans.
Russia’s palladium reserves have almost run out and sales this year could be as low as three metric tonnes.
The company announced this morning it had encountered high grade nickel sulphides under its existing New Morning deposit
Preliminary estimates showed a 2.7 metre interval with an average grade of 5.5 per cent nickel, including 2.1 metres at 6.9 per cent nickel.
http://au.news.yahoo.com/thewest/business/a/-/wa/15951502/western-areas-flags-new-nickel-discovery/
LONDON, Jan 25 (Reuters) – Xstrata said on Friday its Las Bambas copper project in Peru would cost $5.2 billion, keeping to 2012 estimates as the miner prepares for a merger with Glencore that will see many of its growth projects come under scrutiny.
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