Ukraine crisis fuels Europe demands for coal, prices jump
Coal prices climbed to the highest level since January Monday as European nation set to replace gas for coal in power plants.
Cecilia Jamasmie , Editor-in-Chief
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Talvivaara wants uranium license, but needs to avoid bankruptcy first
Investors were uneasy Monday after it was revealed that the cash-strapped company is no longer asking for permission to immediately begin uranium operations in Sotkamo, eastern Finland.
Mining companies stockpile uranium near Grand Canyon
Uranium resources in the so-called Arizona Strip represent about 40% of the US reserves.
Mick Davis wants BHP’s coal division to be cornerstone of his new mining empire
Davis’ X2 Resources has already built a war chest of almost $4 billion and is believed to be asking JPMorgan for US$8bn loan to back up a formal offer to BHP.
Vale mulls legal action over lost iron ore rights in Guinea
The world’s biggest iron ore miner says it's “actively considering its legal rights and options.”
Bolivia’s new mining law to move forward after deal with cooperatives
Mining cooperatives will now be able to enter into contracts with private companies by forming “mixed companies” with the State.
Construction, not mining lifts Caterpillar’s profit
The world’s largest maker of heavy machinery posted a 5% increase in quarterly profit, beating analysts’ estimates.
Illegal gold mining expands in South Africa at sky-high rates: report
Authorities estimate there are about 14,000 people currently involved in illegal mining in the country.
Platinum strike doesn’t get to spoil Anglo American’s first quarter results
Platinum output fell by nearly 40% as a consequence of a more than three-month strike over pay in the sector South Africa.
First seabed mine to go ahead as Nautilus solves dispute with PNG
Under the agreement, the Papua New Guinea government paid Nautilus $7 million, which entitles it to a 15% stake in the project, with an option to increase it by another 15% in the next 12 months.
Wheaton lands $4.3B BHP silver stream, enters Australia
Major deals in Peru and Australia expand production reach and secure long-term precious metals supply streams.