Bhubaneswar: Kolkata-based Saraf Agencies Pvt Ltd (SAPL) has planned to perform the ground breaking ceremony for the much-awaited Titanium plant in Odisha’s Ganjam district on January 17.
http://www.financialexpress.com/news/bhoomipuja-for-titanium-project-on-jan-17-shroff/1056390
LONDON – Global miner Anglo American is close to appointing Australian Mark Cutifani, head of gold miner AngloGold Ashanti, as its new chief executive, two sources familiar with the situation said.
http://www.miningweekly.com/article/anglo-close-to-naming-anglogolds-cutifani-as-ceo-2013-01-07
Glencore suspects that it will have to take writedowns on between $5 billion and $7 billion of Xstrata’s assets when the two mining groups merge, sources have told The Times.
http://www.thetimes.co.uk/tto/business/industries/naturalresources/article3648886.ece
AFTER nearly a year bedding down the $1.3 billion acquisition of copper company Anvil Mining, Minmetals Resources chief Andrew Michelmore feels both his company and asset valuations are in the right place for another $1bn-plus base metals purchase.
And a quality nickel operation is sitting high on the wish list.
Companies in Jiangxi province have acquired nearly 60% of the licenses granted for excavating rare earth mines in China, under the Chinese government’s plan to protect the industry and improve the competitiveness of miners, the 21st Century Business Herald reported.
http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20130106000126&cid=1102
TORONTO, ONTARIO–(Marketwire – Jan. 4, 2013) – Asian Mineral Resources Limited (“AMR“) (TSX VENTURE:ASN) is pleased to announce that the Ministry of Industry and Trade of the Socialist Republic of Vietnam has issued a circular regarding the export of minerals and mineral products from Vietnam (the “Circular”). The Circular stipulates that 9.5% nickel concentrate is permitted for export by Ban Phuc Nickel Mines LLC (“BPNM”), a subsidiary of AMR, without time limit. Previously, BPNM held a licence to export nickel concentrate until 31 December 2015. This export licence is superseded by the Circular.
http://www.canadianminingjournal.com/press-releases/story.aspx?id=1001967831
Western Areas managing director Dan Lougher says the Glencore-Xstrata merger could be the catalyst for a wave of acquisition activity in the WA nickel sector this year, with the new global giant primed to gobble up a number of local assets.
Billions of dollars worth of rare earth elements—the largest deposit outside of China—cannot be mined in Greenland because the elements are bound up with restricted radioactive materials. Some lawmakers are calling for eased restrictions to allow exploitation of the valuable resource.
http://www.theepochtimes.com/n2/world/greenland-unable-to-cash-in-on-rare-earth-elements-328739.html
Copper in London jumped by the most in almost a month on expectations that a recovering Chinese economy will boost demand from the largest user. Aluminum, zinc, lead, nickel and tin also advanced.
http://www.bloomberg.com/news/2012-12-27/copper-in-london-gains-most-in-a-month-on-china-demand.html
Baosteel, China‘s largest rare earth producer, announced on Tuesday that it had continued suspending smelting and separation work for the third month in an bid to counter recent falls in rare earth prices.
http://www.chinadaily.com.cn/business/2012-12/26/content_16058009.htm
A Blog for Browsing Mining, Mineral Processing, and Metals Info 