Joy Global Inc.'s fiscal first-quarter earnings rose 34%, but the mining-equipment company's sales and profit were lower than expected, partly because of flooding in Australia that disrupted mine operations. According to a report in The Wall Street Journal, Chief Executive Mike Sutherlin said a 20-25% increase in steel prices will be offset by higher equipment prices. "We're looking at higher input prices," Mr. Sutherlin said during a conference call Wednesday with analysts. "I don't think it's a significant, unmanageable risk though." The Milwaukee -based company's profits and orders for new equipment and service have been improving in recent quarters on rising prices for mined commodities, such as coal, iron ore and copper.

As the Arab League gathers in Cairo to discuss Libya violence, gold and silver strong with the former close to its record […]

EMED Mining’s MD says the group expects to start production at its Spanish copper mine in the first half of next year.

Zambian copper miner Equinox Minerals, which has made a hostile bid for Lundin, is now viewed as itself being a takeover target […]

The combination of increased production, strong cost control and metal prices made 2010 the best year in Fresnillo’s history, says CEO Jamie […]

Australia-listed EnviroGold Limited and Novus Gold Corp., which trades on the TSX, have signed a purchase-option agreement concerning Novus Gold’s properties in […]

Bellzone Mining announced on Tuesday that it had completed a US$133 million placement of 102 million ordinary shares. Canaccord Genuity Limited was the lead manager. Bellzone, an AIM-listed company, is developing two iron ore and nickel/copper assets in Guinea, West Africa. The Kalia iron deposit, a 50mtpa iron ore operation, is the company's flagship project.

Fifteen holes have been drilled so far at Ormonde Mining's Tungsten project in Barruecopardo. The company released the final results of the infill drilling program on Wednesday.

Job creation seems to be government’s broad-based, sensible and sustainable solution to the nationalisation issue. Since the beginning of the year the South African government has placed particular emphasis on skills development and job creation. Mining, and its related industries, have been identified as particular growth areas.

During the opening of parliament, president Jacob Zuma said, “We have introduced a New Growth Path that will guide our work in achieving these goals, working within the premise that the creation of decent work is at the centre of our economic policies. We urge every sector and every business entity, regardless of size, to focus on job creation. Every contribution counts in this national effort.”