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Adani Australia head quits amid $11 bln coal project delay
Posted on May 19, 2012
The Australian head of Adani Enterprises quit this week amid delays in getting approval for the Indian company's A$10.9 billion ($10.9 billion) coal and rail projects in Queensland.
China's stricter emission rules lift palladium demand
Posted on May 15, 2012
China's autocatalyst palladium demand in 2011 rose 11 percent, outpacing single-digit growth in car sales as stricter emission regulations forced carmakers to use more platinum group metals, refiner Johnson Matthey said on Monday.
Diamond prices seen up in 2012 on sparkling demand
Posted on May 15, 2012
Prices of rough diamonds are expected to rise this year after a turbulent 2011, driven by recovering consumer demand in the United States and a robust appetite for the gems in Asia, the head of the World Diamond Council (WDC) told Reuters on Monday.
Barrick Gold sees 2012 Peru output down slightly
Posted on May 14, 2012
Barrick Gold, the world's largest gold producer, said on Monday its production of the yellow metal in Peru should be slightly lower this year than in 2011.
Molycorp adjusted profit rises on rare earth prices
Posted on May 11, 2012
Rare earth miner Molycorp Inc posted a sharp rise in adjusted quarterly profit on Thursday that topped analyst forecasts as both realized prices and sales volumes climbed.
Vale invokes force majeure at nickel project
Posted on May 11, 2012
Vale, the world's second-biggest nickel producer, said on Thursday it would suspend sales and purchase agreements at its Goro project on the French Pacific island of New Caledonia after an accident at the mine's sulfuric acid plant.
Australia's Northern Iron surges on Indian bid report
Posted on May 10, 2012
India's Aditya Birla group has submitted a non-binding bid for Australian-listed iron ore miner Northern Iron Ltd, a newspaper report said, sending shares of the target firm up 19 percent to a six month high.
Will graphite go the way of rare earth?
Posted on May 9, 2012
Louis James, a mining investment strategist at Casey Research's office outside Seattle, first started to hear the odd question about graphite a year ago.
Mughal "Mirror Diamond" necklace on sale for $20 million
Posted on May 1, 2012
A "Mirror Diamond" necklace bearing five Mughal empire pendant diamonds with emerald drops has been offered for private sale at a price of $20 million, auction house Bonham's said on Monday.
Sierra Club continues Kemper coal-plant legal battle
Posted on April 30, 2012
Sierra Club officials in Mississippi are continuing a legal fight to stop construction of a $2.88 billion coal-gasification power plant by a Southern Co utility in Kemper County, Mississippi.
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ANNOUNCEMENT
Developments in Gossan’s Magnesium Project Paper Presented at the 69th World Magnesium Conference
Gossan Resources Limited's Technical Advisor, Dr. Zuliani, will be delivering a paper entitled, "Developments in the Zuliani Process for Gossan Resources’ Magnesium Project" at the 69th Annual World Magnesium Conference on May 22th in San Francisco. The conference, sponsored by the International Magnesium Association (IMA), focuses on current developments throughout all aspects of the magnesium industry. View Press Release -
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