As per a deal between a global mining giant, BHP Billiton and the South Australian government have signed a contract in relation to the expansion of Olympic Dam.

Canadian gold giant, Barrick Gold has placed a bid worth about US$ 7.7 billion cash to takeover Equinox Minerals, the owner of Lumwana Mine in Solwezi.

Bringing a twist in a multi-week drama over Equinox Minerals, the Chinese miner, Minmetals Resources has decided to withdraw its $6.5bn offer, which was preceded by Barrick Gold agreeing C$7.3bn ($7.6bn) takeover bid for the copper miner.

After Easter break, though trading started smoothly, the mining sector is struggling due to decline in metal prices.

One of the officials at Hochschild disclosed that the Argentine Mining Labour Association has fathered an action due to dispute over increase in wages for contract workers at San Jose silver and gold mine in Argentina.

Kenmare Resources, the Irish mining firm, has been investing on its expansion plans and the expansion of the group is back on the track. The group has lessened the earlier loss to $16.7 million from $30.4 million. The revenue of the company has also increased to $91.6 million, which is £56.4m from $26.7m.

Kenmare Resources is a Dubai-based miner company.

The Britain’s biggest producer of the fuel, U. K. Coal Plc, suffered a major loss, third in a row, following the failure of strategic reviews to tap the loopholes in the overall system of operations and further, to upgrade the system.

The company reported an increase in revenue by 11% to 351.2m from 316.0m while the operating loss slumped by 20.1% to 74.3m from 93.1m.

The Rio Tinto has confirmed that they are interested in the Riversdale Mining. This has increased the probability of the takeover. The FTSE 100-listed organization has assured that the takeover offer will be open till April 20. The Rio Tinto is considered as one of the Mining giants in the world.

It has been more than a year now that the mine explosion had occurred in West Virginia. It was a terrible explosion and had claimed the lives of 29 people. The process of identification of the victims and notification to their families is still going on.

The fire in the Soudan Underground Mine has been finally extinguished. A team of three men went into the mines after it was confirmed that the level of carbon monoxide is safe for humans. They were sent into the mines with self-contained breathing apparatus with the help of cage.

On Monday, the Australian mining company Rio Tinto said it would extend its deadline until Wednesday, April 6 for the $3.9 billion offer for Riversdale Mining of Australia.