Mining and Exploration

Osisko previews Q4 2011 Canadian Malartic operating results

Osisko Mining Corporation has released a preview of Canadian Malartic operational results for the quarter ended 31 December, 2011.

Exxaro launches African Iron bid

South Africa's Exxaro Resources has confirmed its bid of up to A$338 million for Australia’s African Iron.

Copper mining a boost to ArizonaÔÇÖs economy

A recently released study has revealed that Arizona’s copper mining industry contributed approximately $12.1 billion to the state’s economy and an estimated 73,100 jobs to Arizo

Northern awarded North Sea licence

Oil and gas exploration in the North Sea is continuing apace with the award of a new licence in the UK 26th Licensing Round to a Northern Petroleum subsidiary.

Saudi Arabia grants gold exploration licences

Two mineral exploration licences have been granted to the Gold & Minerals JV (G&M) by Saudi Arabia’s Deputy Ministry for Mineral Resources, for a period of five years.

Subsea 7 wins North Sea contract

UK-based Subsea 7 has won a contract worth $185 million from Elf Exploration UK on the West Franklin Field in the Central Graben area of the North Sea.

Peabody Energy completes acquisition of AustraliaÔÇÖs Macarthur Coal

Peabody Energy today announced the completion of its acquisition of Macarthur Coal Limited, and has notified the Australian Securities Exchange to delist Macarthur.

Iran and Russia sign deal on oil field

Iran’s Petroleum Engineering and Development Company has signed a deal with Russia’s Tatneft to develop the dormant Zagheh heavy oil field in Iran.

Cerro Grande Mining Corporation announces record financial results

Chilean mining operator Cerro Grande Mining Corporation has reported record financial results for its fiscal year ended September 30, 2011.

Caterpillar sells part of Bucyrus distribution business

After completing the acquisition of Bucyrus earlier this year, Caterpillar is selling part of the former Bucyrus distribution business to the Industrial Division of Malaysian-ba

Rockhopper makes fresh Falklands find

Rockhopper Exploration has announced the discovery of more oil and gas in the North Falklands Basin.

BHP Billiton signs empowerment deal

BHP Billiton Energy Coal South Africa (BECSA) has entered into an empowerment transaction with a black-owned consortium led by Pembani Group, it announced today.

Russian steelmaker buys African iron ore project

Afferro Mining has agreed to sell its 38.5 per cent interest in its Putu iron ore project in Liberia to Russia’s second biggest steelmaker.

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