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Mining News Headlines


Ritchie Bros. to sell large multi-component crushing plant in unreserved Dubai auction

DUBAI, UAE  – Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world’s largest industrial auctioneer, will sell a 2004 SBM STE160x130 closed circuit jaw/impact crushing plant along with hundreds of other equipment items and trucks during a three-day unreserved equipment auction in Dubai, UAE from September 27 – 29, 2010.  The highly automated plant includes primary and secondary crushers, screens, generators, conveyors, a control house and more. It will be sold as one auction lot,

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BHP Billiton Announces All-Cash Offer To Acquire PotashCorp

BHP Billiton (ASX:BHP/LSE:BLT/NYSE:BHP and BBL/JSE:BIL) announced its intention to make an all-cash offer to acquire all of the issued and outstanding common shares of Potash Corporation of Saskatchewan Inc. ("PotashCorp") (NYSE:POT/TSX:POT), at a price of US$130 in cash per PotashCorp common share (the "Offer"). The Offer values the total equity of PotashCorp at approximately US$40 billion on a fully-diluted basis.

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ArcelorMittal announces USD 2,5 billion Bond issue

Luxembourg, 3 August, 2010 - Yesterday ArcelorMittal ("ArcelorMittal" or "the Issuer") completed the pricing of two series of US dollar denominated notes, consisting of USD 1,000,000,000 aggregate principal amount of its 3.75% Notes due 2015, USD 1,000,000,000 aggregate principal amount of its 5.25% Notes due 2020 and a reopening of its 7% Notes due 2039 for USD 500,000,000 aggregate principal amount.

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Rio Tinto to invest US$170m

Rio Tinto has advanced to the next stage of developing its world-class Simandou iron ore project in Guinea, approving US$170 million of further funding for mine, rail and port infrastructure work.

The $170 million investment - which comes on top of the US$650 million already spent on exploration, community development and evaluation studies - will take effect immediately, optimising the design of the mine, mine infrastructure, rail system and port facilities, as well as enabling further work on drilling operations.

Rio Tinto welcomes a recent acknowledgement from the Prime Minister of Guinea that, in order to make the project economic,

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Barrick Gold Announces 20% Dividend Increase

TORONTO — Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) announced that its Board of Directors has authorized a quarterly dividend of US12 cents per share, which represents a 20% increase from the previous dividend(1).

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