November 11, 2012

No end in sight for 8-week Anglo Platinum strike costing $5.6m a day

The world's number one platinum miner upped its back-to-work offer this week, but it was rejected.

November 10, 2012

SEC rules against resource firms over Dodd-Frank

Oil, gas and mining companies' request to have transparency rules put on hold under 2010 financial reform act has been rejected.

November 10, 2012

Global copper production under stress

Copper mining has become an especially capital intensive industry - the average capital intensity for a new copper mine in 2000 was between US$4,000 - 5,000 to build the capacity…

November 10, 2012

Codelco evaluating Gaby mine expansion

Codelco estimates that copper production at the Gaby mine in Chile will reach 139,000 tons in 2012 and 150,000 tons in 2013.

November 10, 2012

Yanacocha fined for breaking environmental laws

Mining company Yanacocha has been fined PEN 466,287 (USD 179,000) for violating environmental laws at its gold and copper mining project Conga, located in Cajamarca, Peru.

November 10, 2012

Copper miners in Chile urge for investments in Ventanas mine to prevent its closure

Mining unions in Chile have asked the government to carry out the necessary investments to guarantee production at the Ventanas copper mine.

November 9, 2012

Nickel miner Talvivaara falls on radioactive leak worries

Shares of nickel producer Talvivaara (LON:TALV) dropped down over 10% on Friday over reports the firm had failed to solve a waste water leak at a nickel and zinc mine…

November 9, 2012

Lonmin says no to takeover bid by Xstrata

Despite market rumours indicating otherwise, South Africa’s platinum producer Lonmin (LON:LMI) rejected Friday a reverse takeover bid by Xstrata (LON:XTA), its unhappy largest shareholder, as it announced a loss before…

November 9, 2012

Lonmin to make $800 million share offer at 45% discount to TERP

Inside sources claim platinum miner Lonmin (LON:LMI) will price an upcoming share offer at a 45% discount to the theoretical ex-rights price (TERP) on Friday, in the hope of raising…

November 9, 2012

South African report highlights Chinese labor abuses in the Sub-Sahara

A new report by Johannesburg-based South Africa Resource Watch (SARW) claims that China is exploiting cheap labor in the sub-Saharan nation and subjecting employees in the mining industry to harsh…