Rio Tinto coal mining cull claims new victims
Rio Tinto is cutting even more coal mining jobs in Australia as the miner is struggling with a dramatic plunge in coal prices and a high Australian dollar.
Cecilia Jamasmie , Editor-in-Chief
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Record surge of mining claims in western Canada
An exceptional number of mineral claims have been filed in British Columbia, Canada, over the last three years and more than 11,000 were filed in the first seven months of 2012.
Norsk Hydro sells aluminum remelt plant in Taiwan
Norwegian Norsk Hydro, one of the world's top aluminum producers, is selling its aluminum remelt plant in Taiwan to Ting Sin Metal Co. Ltd for an unrevealed amount, the company said in a statement on Monday.
Researchers to use plants in platinum mining
Researchers in the University of York' s Green Chemistry Centre of Excellence and the Centre for Novel Agricultural Products (CNAP) are giving a whole new meaning to the concept of “green mining,” as they said Friday they will develop a technique called "phyto-mining," which uses plants to extract platinum group metals (PGM) discarded during mine processing.
Xstrata gets an extra week to decide on Glencore merger
Diversified miner Xstrata (LON:XTA) and commodities trader Glencore International (LON:GLEN) have now until October 1 to decided on the $36 billion lauded merger.
DiamondCorp shares soar on Lace project financing news
Shares in diamond exploration and development company DiamondCorp PLC (LON:DCP) went up over 24% in early trade Friday after the group struck a financing deal that will meet more than three-quarters of the costs of its Lace mine project in South Africa.
Oyu Tolgoi ready to lift the curtain, but someone has to turn on the lights
Rio Tinto’s flagship $5.2 billion copper-gold Oyu Tolgoi mine in Mongolia near the Chinese border – one of the biggest mining projects in the world – is practically ready to go, except for one “detail”: it needs power supply to kick-start operations.
Christie’s expects over $15 million for huge Indian diamond
The Archduke Joseph Diamond, a 76-carat gem considered one of the most renowned worldwide, may be sold for more than $15 million in Geneva on Nov. 13, the world's largest auction house Christie’s said on Friday.
One dead in clash near Barrick Peru mine, operations halted
Canada's Barrick Gold has temporarily suspended operations at its Pierina mine in Northern Peru after violence between a nearby community and police left one person dead and four seriously injured.
BHP ditches another three coal projects
BHP Billiton has added three new names to its growing list of shelved coal mine projects as it defers its Red Hill and Saraji East coal projects.
How Rio–Glencore talks fell apart
In the end it wasn't about copper, iron ore or coal, but who was paying more.
