Forsys Metals plans bigger Namibia uranium mine

Canada's Forsys Metals Corp says it may be able to boost its uranium reserves in Namibia by 30 percent as it consolidates its two projects in the southern African nation into one mine development.

Adani Australia head quits amid $11 bln coal project delay

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

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

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

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

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

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

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?

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

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

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.

Anglo Asian finds gold at Azeri Ordubad mine

Anglo Asian Mining said it had discovered gold at Ordubad mine, boosting its prospects for gold production in Azerbaijan, where it plans to increase production to over 300,000 ounces of the precious metal per year by 2015.

Glencore takeover of Viterra may close in July

A takeover of Canada's biggest grain handler, Viterra Inc, by Glencore International PLC , should close by the end of July if it receives the required approvals, Viterra said on Monday.

Peru's Humala says Newmont mine project needs work

Peruvian President Ollanta Humala said on Friday that U.S.-based Newmont Mining should carry out a more ambitious environmental mitigation plan if it hopes to build its $4.8 billion Conga gold mine project.

Mongolia's 'ninja' miners help sate China's lust for gold

In a hot, concrete hut filled with acetylene fumes, an elderly Mongolian miner struggles to contain her excitement as she plucks a sizzling inch-long nugget of gold from a grubby cooling pot and raises it to the light.

United States as a top coal exporter is here to stay

The United States’ new status as a top world coal exporter will survive as miners struggle to stay in business by chasing foreign sales after the collapse of a domestic market decimated by a glut of cheap gas.

China to launch crude oil futures this year: Xinhua

China is expected to begin trading in crude oil futures within the year, a senior government official said on Wednesday, as the world's second-largest oil consumer and crude buyer aims to increase its say in oil pricing.

HudBay eyes further growth in Peru

Base metals miner HudBay Minerals is looking at expanding its asset base in Peru as it seeks to create a new hub that replicates the successes enjoyed at its mines in the Canadian province of Manitoba, the company's top executive says.

Caterpillar's big bet on the US economy

It hasn't been long since Caterpillar Inc looked like the typical resident of the Rust Belt. Having misjudged how deep the U.S. economy would decline, the world's largest maker of construction machinery reduced its workforce by 33,000 people worldwide in 2009, closed plants and posted lower profits.

Race on to dig more zinc mines even as glut persists

Zinc miners are betting a long-running global supply glut of the metal used in steel making will turn into a deficit over the next five years as old mines run dry, sparking massive investment in new projects.

Nine trapped in collapsed wildcat mine in Peru

Nine workers trapped inside a wildcat mine in southern Peru received oxygen and liquids through a giant hose on Saturday while a rescue team toiled to get them out, officials said.

Global warming close to becoming irreversible

LONDON (Reuters) - The world is close to reaching tipping points that will make it irreversibly hotter, making this decade critical in efforts to contain global warming, scientists warned on Monday.

B2Gold profit up on higher gold prices

Canadian miner B2Gold Corp reported a 68 percent rise in fourth-quarter adjusted profit, helped by increased output and higher gold prices.

Gold drops more in late trade

Spot gold prices retreated from two-week highs on Tuesday after being repulsed by the $1,700 per ounce level. Losses continued in New York trade after hours on the back of the March options expiry where bullion was last trading at $1,683 an ounce .

China Development Bank has $1 trillion to lend: Its investment arm is 'very actively seeking' nickel assets

Chinese firms have been snapping up copper, uranium, iron ore and coking coal assets around the world, but have yet to make a big splash in nickel.