JOHANNESBURG – A strike of about 7 000 workers over jobs cuts at miner Exxaro due to start on Monday has been postponed, South Africa’s National Union of Mineworkers said in a statement on Sunday. (more…)

Jun 13th 2011

LONDON – Shares in Kazakh miner ENRC jumped almost 5% in early trade after a Sunday newspaper report that commodities trader Glencore was considering a £12-billion takeover bid. (more…)

Keywords : Glencore mulling bid | Jun 13th 2011

DAR ES SALAAM – Tanzania would not impose a proposed super profit tax on existing mining companies, but would negotiate with the companies to have them pay the new tax, the east African country’s mining minister said on Sunday. (more…)

Keywords : firms, mining, Tanzania | Jun 13th 2011

KOLKATA (miningweekly.com) – In a bid to check the rising incidence of illegal mining in the country, India’s Department of Mines has proposed a mandatory registration of all entities at every stage of the mining cycle, including end-users and exporters. (more…)

Keywords : curb illegal mining, India | Jun 9th 2011

KOLKATA (miningweekly.com) – Government-owned India Railways was planning a $1.4-billion investment between 2012 and 2017 to construct a 1 744-km dedicated track network to augment the transportation capacity for mining produce, and to achieve efficient inter-connectivity between roads, ports and railways. (more…)

Keywords : India, railway | Jun 9th 2011

Profit margins for the world’s top 40 mining companies are below the historical peaks of 2006 and 2007 as higher costs outweigh record commodity prices, PricewaterhouseCoopers said on Tuesday. (more…)

Keywords : industry news, mining, mining machinery, mining news | Jun 8th 2011