Indophil Agrees to Zijin Takeover Offer

Australia-based Indophil Resources announced on December 1, 2009, that it had agreed to a takeover offer from Zijin Mining Group, China’s largest gold producer and third largest copper producer.

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MMG Moves Ahead on Sepon Copper Expansion

Victoria, Australia-based Minerals and Metals Group (MMG) announced in early November a restart of its commitment to develop three major projects, including $60.4 million to expand production capacity at the Sepon copper operations in Laos;

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Oyu Tolgoi Gets Investment Agreement

After years of negotiations, the government of Mongolia, Ivanhoe Mines and Rio Tinto on October 6, 2009, signed a comprehensive investment agreement for the development of the Oyu Tolgoi copper-gold complex in Mongolia’s South Gobi region.

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Billiton Shelves Cambodian Bauxite Mine

BHP Billiton and Mitsubishi Corp have pulled out of a bauxite-mining concession in Mondulkiri province following exploratory drilling and have cancelled plans to build an aluminum refinery in the region.

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