MINING.COM

China plans to usurp global leadership with the backing of gold: Russell

Veteran finance expert Richard Russell claims China has plans to obtain leadership of the global economy by fortifying its official currency with precious metal backing.

Marc Howe | October 8, 2012 | 10:23 pm

Indonesia threatens ‘harsh measures’ against miners who dismiss workers

Hong Kong-listed G-Resources, said it would dismiss 300 workers from its gold mine in Indonesia where work has stopped over an environmental dispute.

Frik Els | October 8, 2012 | 10:22 pm

Kumba Iron declares force majeure in South Africa

The 40 million tonnes a year Sishen mine only has enough stockpiles for a week.

Frik Els | October 8, 2012 | 10:18 pm

Ruling party aligned union losing grip on South Africa mining

NUM's diminishing influence – blamed in part on its political affiliations and its perceived closeness to big business – is most striking at Impala Platinum's Rustenberg mine where its enrollment has dropped to 13% from 70% before.

Frik Els | October 8, 2012 | 8:18 pm

Want cheap oil? Look no further than Canada

The price oil sands producers receive fell to $38 a barrel below the international benchmark oil price on Monday, leaving more than one fifth of all Alberta projects unviable.

Frik Els | October 8, 2012 | 6:25 pm

Aquarius Platinum dives upon CEO’s sudden departure

Shares in Aquarius Platinum have plunged in the wake of the sudden departure of its CEO Stuart Murray.

Marc Howe | October 8, 2012 | 9:59 am

China to convert coal into gas for urban energy needs

China has unveiled ambitious plans for the conversion of coal extracted in remote mining regions into gas for usage in urban areas.

Marc Howe | October 8, 2012 | 2:06 am

Arrium spurned billion dollar bid on expectations of iron ore rebound

Aussie iron ore miner and steelmaker Arrium (ASX:ARI) has stated publicly that it spurned a $1 billion takeover bid from a Korean consortium due to expectations of a rebound in iron ore prices.

Marc Howe | October 8, 2012 | 1:44 am