MINING.com Editor, Author at MINING.COM

Namakwa Diamonds poised for next stage with new CEO and Kao mine progressing

The successful restructure of Namakwa Diamonds’ operations in Lesotho has turned the company's operations cash-flow positive, reduced costs and positioned the company for the next stage of development, said CEO Richard Collocott.

MINING.com Editor | July 3, 2012 | 3:44 pm

Commerzbank says gold will rise sharply in second half

Bargain hunters are supporting the price at current levels and renewed buying will boost the price towards the end of the year says Germany's second largest bank.

MINING.com Editor | June 29, 2012 | 4:32 pm

Chalice Gold shareholders approve Eritrea sale

Chalice stock jumped 7.3% on the ASX in Sydney on the news.

MINING.com Editor | June 29, 2012 | 4:16 pm

Chesapeake Gold sold off after Mexican project costs come in on (very) high side

Barclays: Commodity investors’ retreat is turning into a stampede

The speed and extent of recent commodity price falls suggest market participants are anticipating a severe deterioration in the macroeconomic outlook.

MINING.com Editor | June 25, 2012 | 10:33 pm

Caterpillar profit drops for second successive quarter due to weak mining demand

Caterpillar sales up 11% in 3 months to end of May

Strong demand for Caterpillar Inc.'s (NYSE:CAT) construction and mining equipment in North American continues to offset slow sales elsewhere in the world, as the company reported Wednesday an increase of 11% in global sales in the three months to the end of May.

MINING.com Editor | June 21, 2012 | 4:28 pm

China isn't slowing down, it's buying up

L&L Energy buys majority stake in Chinese coal mine

US-based L&L Energy, Inc. (NASDAQ: LLEN), a company with five-year track record of profitable coal operations in China, announced it has entered into an MOU to acquire the Lashu Mine in HeZhang County, Guizhou Province.

MINING.com Editor | June 18, 2012 | 4:23 pm

Australian clean coal institute ‘squandered’ $300 million, has ‘precious little’ to show

The since departed head of the institute which has staff of 78 was paid in excess of $500,000 per year and the organization racked up more than $54 million in "operational expenses" in the first two years including "conferencing in empire-style Parisian ballrooms" and being entertained by celebrity chefs in Tokyo.

MINING.com Editor | June 17, 2012 | 12:25 am

Indonesia’s new policies force India to cut back on coal power projects

A change in Indonesia’s mineral export rules has pushed up the cost of coal for Indian buyers, who source 70 per cent of their coal imports from the southeast Asian nation, making about 9,000 MW of imported coal-based projects in the country economically unviable.

MINING.com Editor | June 17, 2012 | 12:06 am