South Africa’s state-owned African Exploration, Mining and Finance Corp. said it will start producing 800,000 metric tons of coal annually for domestic electricity provider Eskom Holdings Ltd. by June, Bloomberg News is reporting: The company, jointly controlled by the government’s energy and mining ministries, will spend 130 million rand ($18.5 million) building a coal mine in Vlakfontein, about 80 kilometers east of Johannesburg, Chief Executive Officer Sizwe Madondo said at the site today. Production will be increased to 1.68 million tons, with the option of boosting it further to 3 million tons annually, he told hundreds of local residents.

Anglesey’s 41%-owned associate Labrador Iron Mines Holdings Limited (TSX: LIM) has signed an agreement with Tshiuetin Rail Transportation Inc. (“TSH”) for the […]

The chief of the Canadian First Nation at the centre of the controversial Prosperity Mine in north-central British Columbia lashed out at the […]

Buyers seek safe-haven in bullion as violence spreads in Libya. Spot gold to test 3 January high of $1,423.57 per ounce, says […]

Canadian mining and energy company Sherritt is expecting production declines in Cuba in 2011, Cuba Standard reported: Sherritt, Cuba’s largest foreign investor, […]

Rio Tinto’s Zimbabwe diamond unit  is showing a 43 percent increase in output, Reuters Africa is reporting: Diamond output from global miner […]

CBC News is reporting that a huge diamond from the Ekati mine in northern Canada was auctioned off in Belgium for $6 […]

Mining Weekly reports on the Vancouver-based company’s significant milestone: completing the project “very substantially” below its $260-million cost target, according to CEO […]

Diversified mining giant Rio Tinto has received an offer for its talc business from French minerals group Imerys, which is valuing the unit […]

A giant mine on the coast of Yorkshire “will unearth billions” of pounds of potash, according to a report in The Scarborough […]