Alpha Natural closes eight coal mines, retrenches 1200 workers
Alpha Natural Resources has announced the closure of eight coal mines in Virginia and Pennsylvania as well as the reduction of its workforce by 1,200 heads.
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Silver ponzi scheme fleeces investors of $65 million
A silver ponzi scheme run out of South Carolina fleeced precious metals investors of USD$65 million over a three year period.
China displays continued appetite for Australian minerals with Western Desert bid
China's Meijin Energy Group has launched a USD$457 million bid for Australia's Western Desert Resources (ASX:WDR).
Silver to blow through triple digits, gold to hit $10,000: Leeb
Storied money manager Stephen Leeb says silver is set to blast through the $100 threshold and gold will reach $10,000 due to rabid money printing by indebted governments.
China bulls chase iron ore 25% higher in just two weeks
The rally in iron ore has spilled over into shipping.
Islands dispute: Why China won’t use rare earths against Japan
Rare earths are much less of a trade weapon in Chinese hands than in the past.
Endeavour Silver soars after Bolanitos mine drill results
Shares of Endeavour Silver Corp. (TSX:EDR)(NYSE:EXK) were up almost 2% at $9.87 Tuesday after it announced drill results from its Bolanitos mine in Guanajuato State, Mexico.
On strike Lonmin miners take pay raise offer
Workers at Lonmin's Marikana mine have accepted a 22% pay increase to end more than five weeks of deadly strikes.
South Sudan chooses mining over oil
South Sudan, the world's newest nation, has announced plans to enact a mining law by the end of October, pushing ahead exploration and expansion in the likely mineral rich, but unexplored country, helping it to diversify its economy away from oil.