News

BHP Billiton (BHP-N) and JFE Steel have entered into a joint-venture agreement that includes the proposed sale of 16 million tonnes of iron ore per year from BHP Billiton over the next 11 years.

Fortescue Metals Group is posing a challenge to the dominance of BHP Billiton (BHP-N) and Rio Tinto (RTP-N) in Western Australia’s iron ore sector.

Who’s going to take over Newcrest Mining? Is Consolidated Minerals going to absorb Portman?

Minera San Xavier, a unit of Metallica Resources (MR-T), has had its contruction and operating licences renewed for the Cerro San Pedro project in Mexico’s San Luis Potosi state.

European Minerals (EPM.U-T) has completed infill drilling on the periphery of proposed open pits at its Varvarinskoye project, 130 km southwest of Kustanai in northern Kazakhstan.

Vancouver — Great Basin Gold (GBG-T) has started a prefeasibility study of Area 1 of its Burnstone property in South Africa.

Vancouver — Reverse-circulation drilling by Simberi Gold (SAU-V) has intersected high gold grades from the surface of the Sorowar deposit in Papau New Guinea.