Chile’s Codelco to invest $16bn 2011-2015
Chile’s state copper giant Codelco will invest over $16-billion between 2011-2015 and expects copper prices to remain strong in the long-term, the […]
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Gold possibly in ‘early stages’ of bubble, but prices to continue higher
Mining Weekly reports: The gold price, which set a record above $1 430/oz in December before settling back to the current $1 […]
Gold mine output hit record in 2010, more gains likely this year – GFMS
Mining Weekly reports: Gold supply from mines rose to about 2 652 t in 2010, a “significant” increase of 2,7% year-on-year, and […]
Contract miner Leighton says floods halt activities
Mining Weekly reports: ASX-listed contract miner and construction specialist the Leighton Group on Wednesday reported that a number of its contract mining […]
Surplus predicted for nickel in 2011 – Sumitomo
A number of analysts are now predicting a nickel surplus this year as Chinese stainless steel growth slows and new nickel mine projects come on stream.
South Korea’s POSCO reluctant to pass rising steel costs to buyers
The chief executive of POSCO, the world's No.3 steelmaker, said it would be difficult to raise steel prices enough to cover rising raw materials costs stemming from flooding in Australia, which has affected coal mines, rail links and ports.
Cliffs to Buy Consolidated Thompson for $5 Billion
Cliffs Natural Resources said on Jan. 11 that it had agreed to buy Consolidated Thompson Iron Mines for nearly $5 billion in […]
Copper drops as mystery buyer keeps cover
The Sydney Morning Herald is reporting a drop in copper on the LME for the fifth straight session, after reaching a record […]
Chinese Experts to Study High-Tech Solutions for Coal Mine Safety in 12-Month Pilot at NYU-Poly
Kansas City Business Journal reports: With China’s accelerating economy heavily dependent on coal, mine safety has emerged as a national priority. Moving to […]
