There is no such thing as an average miner. There is no such thing as an average salary. Yet we can get some idea of how well mining people are paid by looking at the average salaries for 2011 on US metal mines recently published CostMine.
Palladium Mining News
It may not be a first order recovery for mining project financing, but there are more than a few reasons to be cheerful in the mining space, Hallgarten's Christopher Ecclestone suggests.
A 32% increase in revenue from higher average platinum prices saw Impala Platinum's Zimbabwe unit's profits climb 170% quarter on quarter despite some labour and power shortage problems.
The miner posted a net loss of $9.4 million for the quarter to the end of March, owing to weaker platinum prices and a drop in production on the back of poor ground conditions.
Apart from Russian reserves no longer distorting the market, South Africa's dwindling supply is bound to boost prices further.
Planetary Resources took the wrapper off the new company that plans to mine asteroids, and the company has half a road map on how to get precious metals out of the sky.
The construction of Wesizwe's Bakubung mine is in sharp contrast to the the general gloominess that currently envelops South Africa's platinum sector
While we may receive confirmation on Tuesday that James Cameron and some Google executives are going to start mining in space, CBC asked its readers if it's even a good idea and found strong support.
In a supply risk index of chemical elements that are of economic value, four elements placed ahead of rare earth.
Speculation is mounting that group of heavy-hitting investors—including filmmaker James Cameron and Google executives Larry Page and Eric Schmidt—may announce next week in Seattle plans to mine asteroids for minerals.
Widely circulated reports that the 88-year old were fighting for his life in a Singapore hospital were deemed to be "lies meant to destabilise Zimbabwe," according to a spokesman.
Gold dropped more than $57 or 3.4% an ounce in early afternoon trade while ever volatile silver tanked more than 6%. Platinum crashed through the $1,600 an ounce level and palladium fell almost 4%.
The last time I called an important bottom in the precious metals sector was on December 29, 2011 (). Well, it's time for another important bottom. I believe the late December lows in the precious metals (PM) sector were THE lows for the metals, for th...
South Africa took a step closer on Thursday to create a standalone mining company that will take charge of the government's role in the country's rich resources and with ambitions of becoming involved in the continent's mining sector.
In the 32 years of his benighted rule, Zimbabwe's President Robert Gabriel Mugabe has done more damage to the country than its white-led minority government ever did.
South Africa's ABSA bank plans to launch platinum and silver Exchange Traded Notes (ETNs). Will they prove to be as successful as the country's New Gold ETF?
New study says 66% of institutional investors choose Africa as number one destination. No wonder. Have you seen the size of that place?
A new survey by The Economist Intelligence Unit finds when institutional investors interested in frontier markets were asked to choose two regions out of ﬁve, two-thirds see Africa – projected to be the fastest growing region on the planet this year – as holding the greatest opportunity.
Discussed in depth in our forthcoming March 2012 issue, the use of rail in underground mining is still widespread. It is also not standing still in terms of new technology. Vehicle Projects of Golden, Colorado and Anglo American Platinum in South Africa are collaborating on a project to build five fuel cell mine locomotives to be demonstrated in mid-2012 at Amplats's Dishaba underground mine in Limpopo province, South Africa.
Anglo Platinum, the world's number one platinum producer, suffered more than 80 safety-related work stoppages including 12 fatalities, that resulted in lower output and a drop in profits of over 60% in 2011.
With the gap between platinum and gold prices narrowing is now the time to invest in platinum ETFs. Article looks at some of the ETF options available.
Platinum miners in South Africa have 20 days to provide ideas on lapsed and revoked mineral rights as the government looks to drive forward exploration in the country, reports Mining Weekly.
Mongolia is land-locked country in East and central Asia, bordered by Russia to the north and China to the south, east and west. With a population of 2.8 million people occupying 1.56 million square kilometers (roughly the size of Alaska), it is themost sparsely populated country in the world.
South Africa's ruling party, the African National Congress, appears to be moving away from nationalization of the mining industry to reassure foreign investors but is considering new taxes and "targeted interventions" in the sector, particularly platinum mines.
After marching steadily higher early in the week, gold and silver saw their biggest one-day losses in more than a month on Friday as hopes for more Fed money printing were dashed after the better-than-expected labor report.
The stresses that have afflicted South Africa's platinum miners for the best part of a year appear to be coming to a head.