Mining News

Qujing - The death toll from a flooded coal mine in southwest China has risen to 20 with the recovery of another 14 bodies nearly two weeks after the accident, state media reported.

Sydney - Global mining giant BHP Billiton raised its fiscal year iron ore production outlook for a second time this year on Wednesday after seeing a better-than-expected jump in output for January-March.

Sydney - Global mining giant BHP Billiton lifted full-year iron ore guidance on Wednesday and posted better than expected March quarter output of 49.6 million tonnes.

Sydney - Anglo-Australian mining giant Rio Tinto posted a fall in first-quarter iron ore production on Tuesday, blaming bad weather over western Australia.January-March output of 66.

Johannesburg - Anglo American's chief executive has hinted that the mining titan is looking to offload its strike-hit South African platinum mines to concentrate on open-cast extraction.

Lima - Glencore Xstrata is to sell its entire stake in the Las Bambas copper mine in Peru for about $5.85 billion to a Chinese consortium. The consortium is "owned 62.5 percent by MMG Limited, 22.

Pungesti - US energy major Chevron, shielded by barbed wire, under police protection and under fire from egg throwers, is in trouble in Romania with villagers angry at its drive to drill for shale gas.

Montreal - Canadian mining giant Goldcorp upped its hostile takeover bid for rival Osisko Mining Corp. on Thursday to about Can$3.6 billion (US$3.3 billion).The new offer consists of Can$7.65 per share, the Vancouver-based company said.

Kroondal - Miner's wife Nomfanelo Jali hasn't been able to serve her family meat in a month and increasingly struggles to put anything on the table at all, as South Africa's long-running platinum strike takes its toll.

Johannesburg - Most of the strikers at world number three platinum producer Lonmin want to return to work amid a crippling walkout now in its third month, the firm's CEO claimed Thursday.