Cecilia Jamasmie , Editor-in-Chief

Fifth largest coal deposit in the world found in Colombia

Brazilian tycoon Eike Batista just got richer. CCX, a division of the billionaire’s EBX Group energy arm MPX, announced it has completed a study of coal reserves in the San Juan underground mines in Colombia, discovering a 672 million tons reserve, the fifth largest coal deposit in the world.

Cecilia Jamasmie | May 15, 2012 | 1:07 pm

Coal industry jeopardizing humpback whales in Australia

Humpback whales may be the main victims of Australia's thriving coal industry, according to a study published on the May issue of the Marine Ecology Progress Series journal.

Cecilia Jamasmie | May 14, 2012 | 4:26 pm

Canadian Cameco to buy German nuclear fuel company Nukem for $136 million

Canadian company Cameco, the world's largest uranium miner, has signed a deal to buy Nukem Energy, a German company that trades nuclear fuel products and services, for $136 million in cash plus debt.

Cecilia Jamasmie | May 14, 2012 | 3:28 pm

Anglo Asian gets the green light to build second gold mine in Azerbaijan

Anglo Asian (LON:AAZ) shares were up 3% to 35 pence this morning on news that the government of Azerbaijan has approved the development of the group's second gold mine in the country, Gosha.

Cecilia Jamasmie | May 14, 2012 | 3:12 pm

When $6 billion is not enough: Australian mining billionaire to sue newspaper for $50 million

Australian mining billionaire Clive Palmer is threating to sue the Sydney Morning Herald, one of the most respected daily newspapers in Down Under, for $50 million over "totally false and improper claims" about his China First coal mine.

Cecilia Jamasmie | May 14, 2012 | 1:00 pm

Firestone Diamonds recovered three large rocks at Lesotho mine

Junior miner Firestone Diamonds announced today it has found three large diamonds at its Liqhobong mine in Lesotho and that first quarter production at the location was looking up.

Cecilia Jamasmie | May 14, 2012 | 12:12 pm

Kimberley Process executive calls to redefine concept of conflict diamond

Kimberley Process leader Gillian Milovanovic has proposed a new definition of conflict diamonds to include acts of violence during his presentation at the opening of the 8th World Diamond Council (WDC) meeting in Vicenza, Italy.

Cecilia Jamasmie | May 14, 2012 | 11:56 am

Gold falls to four-month lows

Gold prices hit a four-month low today as worries over Europe's financial health, particularly Greece and Spain, and massive trading losses for JPMorgan hurt stock markets and the euro, prompting investors to shelter in the US dollar.

Cecilia Jamasmie | May 11, 2012 | 4:00 pm

The mining industry’s future belongs to robots

Automated operations are winning over today’s mining industry. Whether it is autonomous trucks, tele operated drills and blasts or automated logistics applications, mines are increasingly introducing these kinds of equipment and solutions.

Cecilia Jamasmie | May 11, 2012 | 3:45 pm

Vale’s $4 billion Apolo iron ore project in Brazil jeopardized

Mining giant Vale (NYSE:VALE) is having second thoughts about going ahead with its $4 billion Apolo iron ore project in southeast Brazil, which may be affected by the federal government's decision to create a nature reserve in the area.

Cecilia Jamasmie | May 11, 2012 | 2:42 pm

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