May 27, 2012

Big miners playing game of chicken as marginal producers sink below break-even

Smaller miners are waiting for production cutbacks by the market leaders to prop up prices the way Saudi-Arabia comes to the rescue of oil producing nations whenever the crude price…

May 25, 2012

Prophecy Platinum adds to 80% 12-month gain after Yukon project analysis

Prophecy Platinum added 2.5% on Friday on double usual trading volumes, after announcing results of a full spectrum analysis of PGMs on the first batch of samples from its PGM-Ni-Cu…

May 25, 2012

Impala Platinum faces potential halt to Zimplats operations due to differences with Zimbabwe’s government

Zimbabwe's central bank threatened to freeze Impala Platinum's local account and ordered local banks to halt managing any of the company’s exports because it has “failed to comply with an…

May 18, 2012

Planetary Resources doesn’t want more people onboard its asteroids-mining ship

Less than a month after officially launching its asteroid-mining plans, Google’s billionaire co-founders and filmmaker James Cameron’s owned company Planetary Resources, has already decided not to accept any more job…

May 16, 2012

Falling off the supercycle: BHP puts the brakes on capex, stock hits 3-year low

“Where the industry previously lacked investment opportunities and choice, it now has more projects than cash flows. All of us in the industry are having to make choices.”

May 14, 2012

Monday metal meltdown: Gold drops to 10-month low

"What is more disconcerting is that while investors have over the past few weeks appeared cautious of running too short on gold, this fear looks to have evaporated."

May 9, 2012

Anglo American Platinum to adopt fuel cell locomotive

Anglo American Platinum (Amplats), the world’s largest platinum producer, launched today the first of five fuel cell-powered locomotive prototypes to be tested at its mining operations in South Africa.

May 6, 2012

South Africa mine casualty figures at record low

Miningmx.com reports April has seen the lowest number of mining fatalities ever in South Africa, according to figures released by mines minister Susan Shabangu.

May 3, 2012

Platinum to rack up eighth year of surplus

Meanwhile, palladium remained in a gross deficit last year, with this being likely to increase in 2012.

May 2, 2012

US metal and industrial metal mine salaries for 2011

There is no such thing as an average miner.  There is no such thing as an average salary.  Yet we can get some idea of how well mining people are…