China’s first-half slowdown didn’t really dent base metal demand, MMG Ltd, the offshore arm of China Minmetals Corp, said on Monday.
MMG, which owns mines in countries including Laos, Republic of the Congo and Australia, said copper output rose 33 percent year-on-year in the first half to 89,235 tons. Output in the second quarter was 10 percent higher than in the first.
http://usa.chinadaily.com.cn/business/2013-07/23/content_16815151.htm
Antam, a state-owned mining and metal company, has signed an agreement with Australian miner Direct Nickel that could lead to the development of Indonesia’s first nickel laterite processing plant, the companies announced on Monday.
The deal follows a pilot project that involved testing a 200-ton nickel laterite sample provided by Antam to a Direct Nickel (DNi) test plant in Perth.
http://www.thejakartaglobe.com/business/antam-signs-deal-with-australias-direct-nickel/
CHINESE government-backed mining house MMG says it continues to enjoy a mandate to acquire assets in the resources sector, with recent weakness across the industry opening up opportunities priced “closer to the bottom of the market”.
KOLKATA (miningweekly.com) – The Indian government has nudged government-owned traditional mineral extraction and processing companies to diversify into the production of rare earths either from industrial smelting or through the exploration of new properties within the country and overseas.
Across the West, early miners digging for gold, silver and copper had no idea that one day something else very valuable would be buried in the piles of dirt and rocks they tossed aside.
Kenya’s profile as a potential rare earth minerals producer rose a rung higher after a mining firm announced it had found deposits worth $62.4 billion.
http://www.nation.co.ke/News/Discovery-of-Sh5trn-rare-minerals/-/1056/1922502/-/iob40tz/-/index.html
Fortune Minerals Limited (TSX: FT) (OTCQX: FTMDF) (“Fortune” or the “Company”) (www.fortuneminerals.com) is pleased to announce that it has received approval for the NICO gold-cobalt-bismuth-copper mine and mill in the Northwest Territories (“NT”) from the Tlicho Government, as well as from the Honourable Bernard Valcourt as Federal Minister of Aboriginal Affairs and Northern Development Canada.
Brazilian mining giant Vale (NYSE: VALE) reported coal production from its Moatize mine in Mozambique reached a new monthly record of 509,000t in June.
http://www.bnamericas.com/news/mining/vale-reports-record-monthly-coal-production-from-mozambique
HANOI, July 17 (Xinhua) — Vietnam and Japan have determined to speed up the implementation of a cooperative agreement on developing rare earth between the two nations, Vietnam’s government online newspaper (VGP) reported on Wednesday.
http://www.shanghaidaily.com/article/article_xinhua.asp?id=154008
NAIROBI – With the demand for niobium rising steadily, Cortec Mining Kenya Limited (CMK) today announced the approval of its Environmental Impact Assessments (EIAs) for the mining and processing of niobium and rare earths at Mrima Hill, Kwale, on the South coast of Kenya, paving way for mining of one of the largest such deposits in the world, which is expected to generate taxes and royalties for Kenya of more than $300m (KSh26bn) over the mine’s 15-year lifespan.
http://www.thezambezian.com/blog/cortec-mining-gets-nod-for-mining-and-processing-of-niobium/
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