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Mining News in Mine Exploration, Mining Companies, and Mining Industry. - EMJ

  • Amid slumping demand, Arrium Mining Ltd. will cut nearly 600 jobs by closing its Southern Iron project in Coober Pedy, South Australia, officials said; 200 full-time positions will be impacted, along with 380 contractors.

  • Officials at IAMGOLD Corp. have announced the sale of their Niobec mine to a consortium led by Magris Resources Inc. The underground niobium-producer, more than 130 miles north of Quebec City, was sold for $500 million.

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