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Mining Weekly

A blog about the mining industry.
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Gold Fields to lay off workers, union cites safety

Nov 30, 1999
Gold Fields said on Monday it would lay off workers from an older section of a South African mine, but a union said more workers than had been targeted for the exercise had asked to leave on safety concerns.

Vale to invest in another Brazil steel project

Nov 26, 2009
Iron ore miner Vale said on Thursday it planned to invest in another steel mill – this time in Para, the northern Brazilian state where its main Carajas iron ore mine is. The world's largest iron ore miner will take a 25 percent equity stake in the...

First Majestic officially opens Mexico cyanidation plant

Nov 26, 2009
Vancouver-based First Majestic Silver expects to reach an operating rate of 2 000 t/d at its new cyanidation plant, at the La Encantada mine, which was inaugurated in a ceremony last week. The opening was attended by Mexican federal authorities,...

Ventana in talks on potential takeover

Nov 26, 2009
TSX-listed Ventana Gold is in “advanced discussions” which could result in the acquisition of the company by a third party, it announced on Thursday. The junior also said that the owner of the mineral rights to the La Bodega property is seeking...

Canadian bill raises miners' ire

Nov 26, 2009
Canadian mining executives and others, including a former federal trade minister, came out strongly on Thursday against the contentious Bill C-300, arguing that, if enacted, the bill could result in a potential “exodus” of Canada-domiciled...

Inmet gets PNG approval to swap mine stake for royalty

Nov 26, 2009
TSX-listed Inmet Mining has received approval from the National Executive Council of Papua New Guinea, for the company's plan to exchange its 18% holding in Ok Tedi Mining Limited (OTML) for a 5% net smelter return on revenues from the Ok Tedi...

Gold Fields to lay off workers, union cites safety



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