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Mining and Minerals News

India - An Emerging Major Driver Of Uranium Demand Growth

SOURCE: U308 | 21 August 2015

India is ramping up its purchases of uranium to ensure security of supply to feed its growing nuclear reactor fleet. It is on course to almost double its nuclear power generation capacity with six new reactors due to come online by the end of 2016. To this end, India is intent on setting up a strategic uranium stockpile of between 13 and 39 million pounds ("Mlb").

Ivanhoe Mines And Zijin Mining Group Extend Completion Date For Zijin's Planned Investment In The Kamoa Copper Project

SOURCE: Ivanhoe Mines | 04 August 2015

Robert Friedland, Executive Chairman of Ivanhoe Mines Ltd. (TSX: IVN), and Lars-Eric Johansson, Chief Executive Officer, announced today that, in accordance with the terms of their existing agreement, Ivanhoe and Zijin Mining Group Co., Ltd. have agreed to extend the date for completion of Zijin's planned investment in Ivanhoe's Kamoa Copper Project in the Democratic Republic of Congo.

Rio Tinto’s Modernised Kitimat Smelter Begins Production

SOURCE: Rio Tinto | 08 July 2015

Rio Tinto is preparing its first shipments of metal from its world-class Kitimat aluminium smelter in Canada following an extensive modernisation of the facility.

Sandvik Secures Major Mining Systems Order In South Africa

SOURCE: Sandvik | 06 July 2015

Sandvik Mining has been awarded a major materials handling contract to South Africa.

Ocean Mineral Singapore Awarded Contract For Seabed Exploration

SOURCE: Keppel Corp. | 16 June 2015

Ocean Mineral Singapore Pte Ltd (OMS) has entered into a 15-year exploration contract for polymetallic nodules at a site within the Clarion-Clipperton Fracture Zone of the Pacific Ocean with the International Seabed Authority (ISA). Sponsored by the Singapore Government, OMS is the first Singaporean company to be awarded an exploration contract for polymetallic nodules

Oyu Tolgoi Shareholders Sign Agreement To Progress The Development Of Underground Mine

SOURCE: Rio Tinto | 19 May 2015

The development of the underground mine at Oyu Tolgoi in Mongolia has taken a significant step forward today with the signing of the Oyu Tolgoi Underground Mine Development and Financing Plan (the Plan) by the Government of Mongolia, Turquoise Hill Resources and Rio Tinto. The Plan addresses the key outstanding shareholder issues and sets out an agreed basis for the funding of the project.

Amec Foster Wheeler Awarded New Çőpler Gold Mine Contract In Turkey

SOURCE: Amec Foster Wheeler | 12 May 2015

Amec Foster Wheeler announces today it has been awarded the initial phase of an Engineering, Procurement and Construction (EPC) contract by Anagold Madencilik for the expansion of the Çőpler Gold Mine in the Çöpler District, Erzincan Province, Turkey. The value of the reimbursable contract has not been disclosed.

Newmont Signs Agreement To Sell Waihi Operations In New Zealand

SOURCE: Newmont | 29 April 2015

Newmont Mining Corporation (NYSE: NEM) (“Newmont” or “the Company”) has signed a non-binding letter of intent with OceanaGold Corporation (TSX/ASX/NZX: OGC) (“OceanaGold”) to sell Newmont Waihi Gold Limited. Terms of sale include cash proceeds of US$101 million, a US$5 million contingent payment, and a one percent Net Smelter Royalty on a recent discovery north of Waihi’s current operations.

World's First Subsea Mining Vessel To Be Equipped With MacGregor Subsea Cranes

SOURCE: Cargotec | 21 April 2015

MacGregor, part of Cargotec, has been awarded a contract by Fujian Mawei Shipbuilding Limited for two subsea knuckle boom cranes to be installed on the world's first seabed mining vessel. Delivery of the cranes is scheduled for Q1/2017. The order was booked into first quarter 2015 order intake.

ThyssenKrupp To Sell VDM Group

SOURCE: ThyssenKrupp | 17 April 2015

ThyssenKrupp is selling the VDM group to Lindsay Goldberg, represented in Europe by Lindsay Goldberg Vogel, Düsseldorf. The contract partners concluded a corresponding agreement today. The purchase price has not been disclosed. Completion of the sale is subject to the approval of the supervisory boards and the competent antitrust authorities.