South32 Survives Mining Sector Slump to Cut $350m in Costs Until 2018

BHP spin-off South32 is looking to cut costs by $350m a year over the next three years and has flagged a first dividend for shareholders for early next year, as part of the new company’s first results, unveiled Monday.

Tuesday, August 25, 2015

EY’s Mining Eye Index Climbs First Time in a Year

Professional services firm EY’s Canadian Mining Eye index has gained 4% during the three months ended June, recording a gain for the first time since the second quarter of 2014, compared with a 1% decline in the first quarter

Tuesday, August 25, 2015

Worker Dies at Sherritt’s Ambatovy Operation, Madagascar

A contract worker has died from head injuries after being struck by a falling tree at diversified miner Sherritt International’s Ambatovy joint-venture project, in Madagascar.

Monday, August 24, 2015

Diamond Producer Alrosa to Supply Norilsk with X-ray Slurry Analysers

A subsidiary of Russian diamond major Alrosa has won a tender to supply nickel miner Norilsk with five X-ray slurry analysers.

Monday, August 24, 2015

First Nickel Locks Gates to Sudbury Mine

When workers at the Lockerby mine in Sudbury, Ontario arrived on shift at 5 a.m. on Thursday, they found the gates locked and the copper-nickel mine idle.

Monday, August 24, 2015

First Nickel Goes into Receivership

Legal firm KSV Kofman has been appointed as the receiver of First Nickel after the company’s principle secured lender Resource Capital Fund demanded repayment of all of the obligations owing to it, enforcing its security under the Bankruptcy and Insolvency Ac...

Friday, August 21, 2015

NUM Signs Three-year Wage Deal at Nkomati Following Three-day Strike

The National Union of Mineworkers announced on Thursday that it had signed a three-year wage deal at the Nkomati Nickel mine, which is owned by Patrice Motsepe’s African Rainbow Minerals and Norilsk of Russia.

Friday, August 21, 2015

Western Areas Reports a Profit Rise Despite Weak Market

Despite a challenging price environment, nickel miner Western Areas has reported a 37.5% increase in net profits after tax for the year ended June, as costs were reduced and volumes increased.

Thursday, August 20, 2015
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