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Rio Tinto to invest US518M in driverless trains
Rio Tinto said US$518 million will be invested in driverless trains for Pilbara iron ore rail network in Western Australia, to create the world's first automated long-distance heavy-haul rail network, helping the company to meet its expansion t ...
Record profit for Anglo American
Anglo American plc has announced record group operating profits of US$11.1 billion for 2011, a year in which it completed a number of major projects on or ahead of schedule
General Moly gets US$665m funding for Mount Hope
General Moly Inc said it will receive US$665 million in funding for its Mount Hope molybdenum project, after reaching a loan agreement with the China Development Bank (CDB)
Paragon Diamonds finds 5 large stones - sources
Paragon Diamonds Ltd, an African-focused diamond explorer and developer, has found five large stones of between 2ct and 6.3ct, sources close to the company told Mining Journal
Workers begin strike at BHPB-Mitsubishi Alliance coal operations
Approximately 3,500 employees at seven coking-coal mines in Queensland, operated by the BHP Billiton-Mitsubishi Corp alliance, have begun a week-long strike in protest against working conditions
BHPB and Rio Tinto approve Escondida expansion
BHP Billiton and Rio Tinto have approved their respective shares of total US$4.5 billion investment in expansion of the joint-venture Escondida copper mine in Chile
Shandong Iron and Steel to invest US$1.5bn in Tonkolili
London-listed African Minerals Ltd said it received approval from China National Development for Shandong Iron and Steel Group to invest in Tonkolili
Barrick leaves Highland
The world’s largest gold producer, Barrick Gold Corp, will sell its longstanding holding in Russia-focused producer Highland Gold Mining Ltd, because it is not a core part of its operations and strategy.
Anvil deal proceeds on new agreements
Minmetals Resources Ltd’s C$1.3 billion (US$1.27 billion) purchase of Anvil Mining Ltd is to proceed, after Anvil negotiated agreements with both DRC state-owned La Générale des Carrières et des Mines SARL (Gécamines) and privately-owned ...
De Beers repositions mines for future sales growth
Diamond producer De Beers has announced its final production figures and operational review for 2011, saying that the company expected global jewellery sales growth to continue next year whilst it maintained production levels
