MINING.COM

Aquarius halts mining after platinum falls

Aquarius Platinum, the world’s fourth-largest platinum producer by volume, has responded to a fall in prices for the precious metal by mothballing a mine jointly owned with Anglo Platinum, arguing that production had become uneconomic.

Financial Times | June 11, 2012 | 3:54 pm

Singapore state fund builds up stake in Ivanhoe, does nothing for share price

Singapore's sovereign wealth fund Temasek Holdings has taken up a 5.5% stake in Canada's Ivanhoe Mines valued at roughly $420 million ahead of a $1.8 billion rights offer at the miner. Early Monday Ivanhoe, already down 43% this year shed another 3.8% in value.

Frik Els | June 11, 2012 | 2:33 pm

Kinross says Tasiast producing again

Canada’s number 3 gold miner by output said about 600 workers had returned after the four-day strike at its Tasiast mine in Mauritania.

Frik Els | June 11, 2012 | 1:42 pm

Darwin options Surupampa epithermal gold-silver property in Peru

Surupampa comprises 800 hectares, lies adjacent to Darwin's 100%-owned Colquiloma property which comprises 450 hectares and is located 35km northwest of Barrick's Lagunas Norte gold mine (9Moz gold) in La Libertad.

CNW Telbec | Mining/Metals | June 11, 2012 | 12:45 pm

Tasman expands rare earth element project portfolio in Finland

The Korsnäs South, Siilinjärvi and Laivajoki projects are being acquired from an arm's length private Finnish company, Magnus Minerals Oy, for consideration including 60,000 common shares of the company.

CNW Telbec | Mining/Metals | June 11, 2012 | 12:45 pm

Another company attempts to block First Uranium’s asset sale

First Uranium's (TSE:FIU) plan to sell some of its South African assets was thrown into further disarray after Kumvest (Pty) Ltd. offered to buy First Uranium in order to block the sale.

Michael Allan McCrae | June 10, 2012 | 5:41 pm

Guest worker upset begets job board so Australians see positions first

The Australian government launched a Resources Sector Jobs Board so employers can prove they made the job widely available to citizens before they apply for guest workers.

Michael Allan McCrae | June 10, 2012 | 4:10 pm

U.S. rough diamond trade hurts in April

Large double-digit declines in the value of rough diamond trade by the U.S. in April. Rough diamond imports of $29.7 million fell 24.7 percent year on year.

IDEX Online | June 10, 2012 | 2:41 pm

Chop-fest

What a whippy week it was. Volatility spiked and then subsided into the end of the week which meant it was a great day-trading environment but then that petered off as ranges tightened for markets and stocks into the end of the week.

Warren Bevan - Precious Metal Stock Review | June 9, 2012 | 8:25 pm

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