Copper drops on China construction worries, but producers remain bullish
"Mine disruptions, falling grades at existing mines, delays of constructing new mines are all really supportive."
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New gold mining technology to boost South African miners efficiency
A new method of underground gold mining, being tested by AngloGold Ashanti, is filling headlines in the country, as the method has the potential to reverse the decline in South Africa’s gold output.
Freeport to start $4 billion Peru’s copper mine expansion in 2013
Freeport-McMoRan Copper & Gold (NYSE: FCX) will start its $4 billion mill expansion at the Cerro Verde copper operation in Peru next year, said CEO Richard Adkerson a conference call to discuss second quarter results published Thursday.
Finally, a $28,000 gold cupcake that is edible
It's arrived, the world's most expensive edible cupcake made out of gold.
Ivanhoe Mines successfully completes rights offering
Early results indicate approximately 100% of available common shares subscribed, generating $1.8 Billion in gross proceeds
Major Anglo American reshuffle as Amplats CEO walks away
Neville Nicolau, the head of Anglo American’s platinum business is leaving the company, after the South African unit warned its earnings per share for the first half could drop as much as 78%.
Seaway pipeline expansion almost ready: operators
Canadian Enbridge and Enterprise Products Partners LP have nearly completed work on the Seaway pipeline to increase its capacity from 150,000 to 400,000 barrels per day.
Colombian coal miners’ strike risks Glencore operation
Following a series of recent protests and other problems affecting mining companies with operations in Colombia, coal workers for the local unit of Glencore International went on strike late Thursday, causing the immediate halt of the company's operations in the country.
De Beers’ profit down 53%; Venetia expansion still going ahead
Profit for De Beers, the world's number two diamond producer after Russia's Alrosa, is down 53% for the first half of 2012 affected by worries over consumer demand and shortage of financing for cutters and polishers.