MINING.COM

Bacteria mineral extraction project could be a win for miners and the environment

Using bacteria to extract minerals from ore is showing the potential to replace dangerous processing chemicals such as cyanide in the mining industry.

The Lead South Australia | August 8, 2016 | 11:05 am

Iron ore price soars past $61 per tonne to fresh 3-month high

Iron ore’s resilience in recent months has defied many analysts’ forecasts, as Beijing’s stimulus plans, restocking by Chinese steel mills and historically low port stockpiles have supported prices.

Cecilia Jamasmie | August 8, 2016 | 8:35 am

China’s war on coal keeps fuelling prices recovery — up 30% since April

Beijing’s decision to ease production has sent coal prices soaring this summer.

Cecilia Jamasmie | August 8, 2016 | 5:08 am

Bankrupt Peabody Energy seeks approval to pay $12M in bonuses

Coal miner Peabody Energy Corp, which filed for Chapter 11 bankruptcy protection in April,asked a bankruptcy court on Wednesday to let it pay up to US$11.9 million in incentives to its executive leadership team should the group meet certain performance targets.

Oilprice.com | August 7, 2016 | 2:17 pm

Why buyers shunned the world’s largest diamond

The Lesedi diamond opened at $50 million and struggled from the start. Fifty-one million dollars, someone offered, and too long after that, $52 million. This was not the scenario that Lamb had imagined in his dreams.

Vanity Fair | August 7, 2016 | 2:08 pm

Nuke the oilsands: Alberta’s narrowly cancelled plan to drill for oil with atomic weapons

Devised by California-based Richfield Oil Corporation, Project Oilsand was uncannily simple: Get an atomic bomb from the Americans and blow it up under Athabasca.

National Post | August 7, 2016 | 1:58 pm

Vale looking to raise $10B through Chinese streaming deal

Vale (NYSE:VALE) is getting more creative in its debt-reduction plans, by bolstering cash flow through a metal streaming arrangement with Chinese companies.

Andrew Topf | August 7, 2016 | 1:23 pm