January 12, 2012

Gold hits 4-week top on Europe woes, Asia demand

Gold hit a four-week high and broke above a key resistance on Wednesday, defying a stronger dollar, as the festering euro zone debt crisis lured investors to its safety and…

January 12, 2012

Record rains dampen Ranger uranium mine output

Energy Resources of Australia says uranium production in the December quarter of last year fell significantly at its Ranger mine, compared to the same time a year ago, because of…

January 12, 2012

Russia’s Mechel completes rail link to huge coking coal deposit

Russian steel and mining company Mechel has completed the 321 km rail track linking its Elga coking coal mine, which sits one of the world's largest coking coal deposits, to…

January 12, 2012

Burma cancels coal plant after opposition: official

Myanmar cancelled a proposed coal-fired power plant at a Thai-led industrial site Monday citing "environmental problems", an energy official said, in the latest sign of burgeoning reform.

January 12, 2012

Rio Tinto acquires Hathor Exploration

Rio Tinto has completed the M&A, previously announced.

January 12, 2012

More coal gasification progress with new GE technology IGCC plant in South Korea

GE has been selected by Korea Western Power Co (KOWEPO) for the first integrated gasification combined-cycle (IGCC) power plant to be built in South Korea and one of the first…

January 11, 2012

E.ON in $34 billion Brazil power deal with MPX

Giant German utility E.ON said on Wednesday it will team with Brazilian billionaire Eike Batista to build the largest privately held network of power plants in Brazil, as it bets…

January 11, 2012

Exxaro faces strike at Arnot coal mine

The National Union of Mineworkers (NUM) said on Wednesday that about 1,000 of its members would down tools at diversified miner Exxaro’s Arnot coal mine near Witbank on Friday.

January 11, 2012

Feds renew operating permit for Arizona coal mine

The federal Office of Surface Mining has renewed an operating permit for a northern Arizona coal mine.

January 11, 2012

Drill baby drill! The last time US mining jobs were added this fast Reagan had just taken office

US Labor Department figures released on Wednesday show the country's mining sector added more jobs in 2011 than at any other period since the early 1980s.