MINING.COM

Turquoise Hill paid $61 million to departing Friedland and co

Severance packages for management, early vesting options and cancelling contracts with Friedland-owned companies for aircraft rental and other office services quickly added up.

Frik Els | August 20, 2012 | 9:51 pm

‘This is not an Enbridge animation’: a video war begins

In response to Enbridge’s original animation showing how the pipeline will cross the province, a new anti-pipeline video has been uploaded using […]

Michael Allan McCrae | August 20, 2012 | 8:16 pm

Lonmin strikers given 24 hour reprieve

Only about a third of a 28,000-strong workforce reported for their shifts at Lonmin's Marikana platinum operations in South Africa. The London-based miner said workers who did not show up today would not face the sack – the deadline has been moved to tomorrow (Tuesday).

Frik Els | August 20, 2012 | 7:17 pm

That $110 iron ore price floor: Gone!

Iron ore has only enjoyed three up trading days over the last six weeks.

Frik Els | August 20, 2012 | 6:50 pm

Harry Winston sets Diavik mine’s value at $2.6 billion

Toronto-based jeweller Harry Winston Diamond, which is looking to become the sole owner of Rio Tinto’s Diavik Mine, in Canada's Northwest Territories, said the mine has another 11 years to go and a current net value of $2.6 billion.

Cecilia Jamasmie | August 20, 2012 | 6:37 pm

India’s state-owned rare earth miner heading for Odisha’s beaches

The identified area is the second coastal stretch in Odisha, where deposits of rare earth minerals have been found.

Frik Els | August 20, 2012 | 6:16 pm

Molycorp steadies itself after another brutal sell-off

Molycorp recovered somewhat on Monday after a brutal Friday when the rare earth miner was beaten down 11.8% – it was also one of the most actively traded stocks on the NYSE – after an analyst raised doubts about its Mountain Pass mine ramp-up plans.

Frik Els | August 20, 2012 | 5:46 pm

Panama Canal expansion to change dynamics of commodity trade

When the third lane opens the canal's capacity will more than double. The largest ships will carry as many as 13,200 containers -- at least double the dry weight of bulk cargo that can pass through today.

Cecilia Jamasmie | August 20, 2012 | 5:28 pm

Montana coal mining related protests reach the Capitol, no major impact

USA’s second-largest coal producer, Arch Coal, has drawn protests from activists and locals after announcing it had applied for a permit in Montana to begin tapping its massive Otter Creek coal strips.

Cecilia Jamasmie | August 20, 2012 | 4:37 pm

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