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Iran industries, mines draw $8.5bn investmentMore than $8.5 billion investment has been attracted in the Iranian industries and mines sector since 2013-14, a senior government official said. Minister of Industries, Mines and Trade Mohammad-Reza Nematzadeh told the Iranian Em More… |
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Dubai firm seeks funding for $8bn Guinean mineA Dubai-based resources firm is in talks with trading houses to develop bauxite reserves in Guinea, valued at $8 billion and previously held by BHP Billiton, the company's co-founder said on Thursday. James Tounkara, co-founde More… |
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Iran firm invests $30m in mine exploration activitiesIranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has invested $30 million since mid-March 2015 in mine exploration activities across Iran, a senior official said in a report. The reports on the More… |
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100 people unaccounted for after South Africa mine collapseMore than 100 people were unaccounted for after a gold mine in Mpumalanga province in northeastern South Africa caved in, a union official said on Friday, while emergency services said 49 miners had so far been brought to the surface. More… |
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Minehunters to dock at new British base in BahrainBritish aircraft carriers will not dock at a new naval base expected to open in Bahrain this year because the water is “not deep enough”. However, UK minehunters will be there permanently, said a report in the Gulf Daily More… |
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Iran tenders for development of new gold mineIran has tendered the development of a new gold deposit in its Qazvin province, with an aim to develop the participation of the private sector, according to a report. Early prospecting at the Niku’iye gol More… |
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Rio Tinto coal divestment starts with around $600m saleGlobal miner Rio Tinto on Wednesday said it had agreed to sell its 40 per cent stake in the Bengalla coal mine in Australia to New Hope Corp for $606 million, the latest shuffle of Australian coal assets amid a sector-wide downturn. More… |
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Glencore mine shut over job cuts processSouth Africa's mines minister has ordered Glencore to suspend all operations at a coal mine because of the way it planned to carry out job cuts. The country's mining industry is battling sinking commodity prices, rising co More… |
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DRA wins Ma'aden Gold deal for Ad Duwayhi mineEngineering group DRA has won a contract with Saudi Arabia's mining group Ma'aden Gold and Base Metals (MGBM) for the Ad Duwayhi gold mine, according to a report. The mining project, located 450km southwest of Riyadh, will More… |
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454kg bomb destroyed in Gulf by Bahrain minehunterA bomb weighing around 500kg that was buried in the Arabian Gulf for years was located and destroyed by a Bahrain-based minehunter. It was discovered during a five-day exercise conducted by the French, British and US navies, said More… |
