Rio Tinto in talks to sell Diavik diamond mine to Harry Winston
A deal between Rio Tinto and Toronto-based jeweller Harry Winston Diamond, which is looking to become the sole owner of the Diavik Mine, might be around the corner.
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Intrepid drama could scare foreign investors from Indonesia
Brad Gordon, CEO of Brisbane-based Intrepid Mines (ASX:IAU), has stated publicly that Indonesia is doing damage to its reputation as a foreign investment destination following the recent legal difficulties experienced by his own company and Churchill Mining.
Aluminum has potential as eco-friendly auto fuel
Aluminum is one of the most ubiquitous manufacturing materials of the industrialized era, but few would suspect that this commonplace metal harbors tremendous potential as an ecological fuel source.
Australia imperils investment appeal as miners attack new tax laws
Foreign investors have raised concerns over uncertainty surrounding Australia's mining and carbon tax regimes, with mining companies attacking a government plan to obtain an additional AUD$1.9 billion in taxes via stronger regulation of cross-border profit-shifting.
53 rescued, 5 still trapped in coal mine in China’s Guizhou province
53 people have been rescued while five still remain trapped in a coal mine in China's south-western province of Guizhou following the collapse of two separate sections of the mine's tunnel within the space of several days.
Anglo Platinum confirms large-scale lay-offs
South Africa's Anglo Platinum, the world's largest primary platinum producer, has confirmed the lay-off of 725 employees from its central services and support functions, provoking the ire of the mining's industry's national union.
Newmont sees earnings dive on dismal output
Newmont Mining's (NEM) second quarter earnings plunged 28% compared to the same period last year on reduced gold and copper output.
Silver Wheaton not fazed by Pascua-Lama delays
Silver Wheaton will be paying less than $4 an ounce to take the precious metal of Barrick's hands.
Argus Metals drops 44% on the day
Reports that assays contained "interesting enrichment in certain rare earth elements" and that gold mineralization was not tested in the area, were not enough to deter investors from dumping the stock – which traded at 17 times the normal volume.
