MINING.com Editor

Chile's Codelco to invest $16bn 2011-2015

Chile's state copper giant Codelco will invest over $16-billion between 2011-2015 and expects copper prices to remain strong in the long-term, the miner said on Thursday.

Gold possibly in 'early stages' of bubble, but prices to continue higher

Mining Weekly reports: The gold price, which set a record above $1 430/oz in December before settling back to the current $1 380-odd, is probably in the “early stages of a bubble”, but the momentum […]

Gold mine output hit record in 2010, more gains likely this year – GFMS

Mining Weekly reports: Gold supply from mines rose to about 2 652 t in 2010, a “significant” increase of 2,7% year-on-year, and a new all-time high, metals consultancy GFMS said on Thursday.

Contract miner Leighton says floods halt activities

Mining Weekly reports: ASX-listed contract miner and construction specialist the Leighton Group on Wednesday reported that a number of its contract mining operations in Queensland had been affected by the severe weather conditions in Queensland.

Graphic: Australian flooding and impact on coal

Globe and Mail uses graphs to show the impact the flood will have on worldwide coal exports.

Video shows devastation in Queensland

Video taken throughout Queensland shows the flood's tremendous impact on the region.

Australians face flooding disaster courageously – a roundup of editorial opinion

The Australian pays homage to the nation's can-do spirit. It also outlines the enormous cost of the disaster and the work required to bring the state back.

Cliffs to Buy Consolidated Thompson for $5 Billion

Cliffs Natural Resources said on Jan. 11 that it had agreed to buy Consolidated Thompson Iron Mines for nearly $5 billion in cash, seeking to bolster its presence in Canada, the New York Times reported.

Copper drops as mystery buyer keeps cover

The Sydney Morning Herald is reporting a drop in copper on the LME for the fifth straight session, after reaching a record $US 9754 a tonne during the first trading day of 2011.

Chinese Experts to Study High-Tech Solutions for Coal Mine Safety in 12-Month Pilot at NYU-Poly

Kansas City Business Journal reports: With China's accelerating economy heavily dependent on coal, mine safety has emerged as a national priority. Moving to embrace high-tech solutions to improve its record, 15 Chinese scientists and engineers this […]

Merged Duke-Progress seeks strategy beyond coal

Reuters India reports: Duke Energy's $13.7 billion deal to buy Progress Energy may allow the combined company to make better use of its aging coal-fired power plants as it seeks to boost generation from natural gas, […]

Grande Cache Coal lowers production guidance for current financial year

Grande Cache Coal Corp. (TSX:GCE) lowered production guidance for its current financial year and raised its expected cost per tonne, the Estevan Mercury reported earlier this month.

Australian Floods Shaking Up Global Coal Investments

OfficialWire reports: The coal terminal at Dalrymple Bay, the largest Australia's Queensland state, is running at 70 percent of capacity despite fears flooding would halt production.

Coal shortfall from Queensland floods fuels Asian inflation

The Australian reports: Flooding in Australia's coal heartland has resulted in a price surge across Asia that could flow on to coal-dependent steel and electricity.

Floods threaten Australia's third biggest city

Reuters reports: Residents in Australia's third largest city, Brisbane, sandbagged their homes against rising waters Monday as torrential rain worsened floods that have paralyzed the coal industry in the northeast and now threaten tourism.

Precious but precarious: High gold prices driving interest in Celtic fringe

Old gold-mining shafts are being reopened around the world, as economic uncertainty and scepticism about other assets has sent the gold price soaring: the yellow metal hit a record high of over $1,400 an ounce […]

David Coffin: Buy these 8 Junior Miners on Dips

Michael Campbell: David could we just start and give the broad brush first of all where you see sort of that precious metals complex. I’m talking now the bullion itself and then we’ll move to […]

Upside Down Gold

John Exter was an internationally known banker and a gold bug in the true sense of the word. He graduated from Harvard and was present when Keynesian economics first came to the fore. He lived […]

Brien Lundin: Gold Looking Good; Silver Even Better

Source: Interviewed by Gordon Holmes of The Gold Report 3/3/10 http://www.theaureport.com/pub/na/5746 The gold rally that began last fall and drove gold through the $1,200 resistance level in late November doesn't seem to be panning out […]

The Dollar

When you get into a tight place and everything goes against you, till it seems as though you could not hold on a minute longer, never give up then, for that is just the place […]

Overseas investments and the Dollar

For purposes of action nothing is more useful than narrowness of thought combined with energy of will. – Henri Frederic Amiel.1821-1881, Swiss Philosopher, Poet, Critic The theme for the past few years has been to […]