Cecilia Jamasmie , Editor-in-Chief

Zimbabwe confirms army ownership of diamond mine

Zimbabwe’s Deputy Mines Minister, Gift Chimanikire, confirmed an army-owned company owns 40% of Anjin, one of the most lucrative diamond concessions in the country.

Cecilia Jamasmie | June 19, 2012 | 4:28 pm

Fatalities at Gem Diamonds’ Botswana mine delays production until 2014

Gem Diamonds said initial production at its Ghaghoo underground mine project in Botswana would be delayed until the first half of 2014 after an accident yesterday resulted in the death of two workers.

Cecilia Jamasmie | June 19, 2012 | 3:47 pm

Rio Tinto invests $600 million to extend life of Utah copper mine

Rio Tinto Copper's Chief Executive, Andrew Harding, said the investment will secure low cost copper, gold and molybdenum production for the company in next two decades.

Cecilia Jamasmie | June 19, 2012 | 3:13 pm

Uranium market to pick up as reactors come back

Australia-based Foster Stockbroking said Tuesday that an industry-wide restart would boost global uranium demand by 30 million pounds a year which could act as a catalyst to flagging uranium prices.

Cecilia Jamasmie | June 19, 2012 | 2:43 pm

Canadian company claims it can make oil sands “green”

N-SolvCorp, a small Canadian company based in Calgary, claims it has developed a unique technology that will make Alberta's oil sands more profitable and environmentally sound.

Cecilia Jamasmie | June 19, 2012 | 1:44 pm

Nautilus dispute with Papua New Guinea authorities threatening underwater mining future

Canada-based Nautilus Minerals Inc. (TSX:NUS)(OTCQX:NUSMF)(AIM:NUS) said Monday that despite several meetings with Papua New Guinea's government representatives in the last two weeks, the company is still battling authorities in regards to its obligation to complete the agreement reached in March last year for Nautilus Solwara 1 copper project.

Cecilia Jamasmie | June 18, 2012 | 6:21 pm

Australia sets conditions to Rinehart’s $6.4 billion coal mine project

Australian environment minister, Tony Burke, has told GVK and #4 mining billionaire Gina Rinehart to improve four areas of their $6.4 billion Alpha Coal project if they want to gain Federal environmental approval.

Cecilia Jamasmie | June 18, 2012 | 3:59 pm

Alpha cut accident rates at coal mines formerly owned by Massey Energy: prosecutors

Alpha Natural Resources (NYSE: ANR) has drastically cut its accident and injury rates in the six months since a landmark $210 million settlement, which spared the company criminal charges over the 2010 mine explosion that killed 29 workers, federal prosecutors said Monday.

Cecilia Jamasmie | June 18, 2012 | 3:24 pm

Yamana Gold to acquire Extorre for $400 million, aiming for 18% dividend boost

Canadian Yamana Gold Inc. (TSX:YRI) (NYSE:AUY)(LSE:YAU) announced a $400 million acquisition Monday of Argentina-focused junior miner Extorre Gold Mines (AMEX:XG) (TSX:XG), which has an appealing gold-silver project in the South American country, while also saying it plans to boost its dividend by 18%.

Cecilia Jamasmie | June 18, 2012 | 2:00 pm

No one buys Congo’s mining assets on the cheap: Government

The Democratic Republic of Congo’s Ministry of Mines went on the defensive on Monday about allegedly granting mining licenses to companies with close connections to the government. It qualified those accusations as uninformed and a “double standard."

Cecilia Jamasmie | June 18, 2012 | 1:34 pm

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