Xstrata closes nickel mine in Australia
Diversified miner Xstrata (LON:XTA) announced Wednesday it is suspending operations at its Cosmos nickel mine in Western Australia, as nickel prices have plummeted dramatically.
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South African strikes far from over: AngloGold Ashanti closed
AngloGold Ashanti (NYSE:AU) was hit by the mining unrest spreading through South Africa again Tuesday night, as strikers halted all of its operations in the country, which account for 32% of the multinational's total gold production.
Tightened credit puts pressure on Chinese coal importers and global spot prices
Cuts by banks in China to lending to coal traders is set to place further pressure on global prices for the carbon fossil fuel.
Fortescue inks $1.4 billion deal with Leighton to boost iron ore output
Australian iron ore stalwart Fortescue Metals (ASX:FMG) has signed an AUD$1.4 billion deal with Leighton Contractors which is set to raise output to 115 million tonnes by early 2013.
Has JP Morgan placed a massive bet on physical gold and silver?
A bullion insider claims JP Morgan is accumulating huge volumes of physical gold and silver despite short positions against the precious metals on paper.
Infrastructure upgrades the key to unlocking Yilgarn’s iron ore potential
Preliminary studies by the Yilgarn Iron Producers Association (YIPA) assert that modest improvements to infrastructure could unleash the iron ore potential of the mineral-rich region of Western Australia.
Tinkler’s debt woes could do harm to Whitehaven shares
The financial and legal difficulties of Nathan Tinkler could damage Whitehaven shares (ASX:WHC) due to expectations that the Australian mining magnate will dump his holdings in the fledgling coal miner.
Goldquest plunges 33% on disappointing drill results
Vancouver's Goldquest Mining (TSX.V:GQC) has dived 33% on heavy trading following the release of fresh drill results which fell below expectations.
Project “PHYTOCAT” – A Green Mining Method
As reported on ASM International, an international team of scientists from different universities will work on the project “PHYTOCAT” which is supported […]
