Kazakh central bank aiming for 20% of reserves in gold

According to Kazakhstan's deputy central bank chairman, the central bank plans to boost the share of gold in its gold and foreign currency reserves to 20% from 14-15%

Shares jump as Australian billionaire moves to take over Whitehaven Coal

Nathan Tinkler had been widely expected to sell down his 21% stake in Whitehaven Coal, but is instead looking to taking over the business.

Guinea begins production at first iron ore mine

Reuters reported Guinea, in partnership with Bellzone (LSE:BZM) and the China International Fund, has begun operations at its first iron ore mine.

Yellowhead Mining Inc announces graduation to Toronto Stock Exchange

On June 11 Yellowhead Mning (YMI) will be de-listed from the TSX Venture Exchange to commence trading of common shares on the TSX.

Gold Fields seeks support of local Kyrgyz villagers

Unable to guarantee the safety of local residents due to violent opposition to its JV project eight months ago, Gold Fields ceased drilling and began work instead on a deal with the local community.

Vale's Carborough Downs declares force majeure

Vale SA announced that Carborough Downs, the Company's metallurgical operations in Central Bowen Basin, Queensland state, Australia declared major force (FM) as of May 31, 2012., after the detection of abnormal levels of carbon monoxide in the mine.

Prophecy of diamonds keeps Israeli firm digging

Somewhere in the Carmel hills of northern Israel, diamond exploration company Shefa Yamim hopes to uncover the exact spot where faith meets science.

Singapore iron ore platform off to brisk start

Miner BHP Billiton sold two cargoes of iron ore via the GlobalOre trading platform that debuted on Wednesday, traders said, heralding the start of competition with top iron ore importer China's efforts to set an industry price benchmark.

Gold falls over 1 pct in heavy volume, euro slides

Gold fell 1 percent in active trade on Tuesday, as the euro's slide on worries over Spain's debt prompted investors to sell the precious metal along with other dollar-sensitive commodities.

Centrex boosts iron ore reserves in new Australia frontier

Iron ore company Centrex Metals on Friday more than tripled the estimated reserves at its prospect in southern Australia, a growing zone for new iron ore sources that is attracting increasing interest from Asian steel mills.

Talvivaara may not expand if hit by tax: report

Finnish mining company Talvivaara (TLV1V.HE) (TALV.L) may halt plans to expand its nickel mine if Finland levies new taxes on mining as punishment for environmental problems, Talvivaara chief executive told weekly newspaper Tekniikka&Talous.

Collahuasi copper mine resumes after worker death

The world's No. 3 copper mine, Chile's Collahuasi, is gradually resuming mining operations following the accidental death of a worker late Saturday, spokeswoman Bernardita Fernandez told Reuters on Sunday.

Argentina targets mining firms in import crackdown

Argentina's government tightened controls on imports of equipment and supplies by mining companies on Monday in a new measure to boost the trade surplus and foreign currency stocks.

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.