UN watchdog suspects Iran is diverting uranium
Iran may be diverting uranium for use in weapons research, according to a report by the UN International Energy Agency (IEA), a nuclear watchdog.
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Polish Bogdanka Mine sets production world record with Cat® Plow Longwall
On February 16, 2012, the Polish coal mining company Lubelski Węgiel Bogdanka S.A. smashed the world record for daily production from a plow-equipped longwall, with an output of 24,400 tonnes of coal from a single face.
Soft coal market has Alpha Natural Resources focusing priorities
Alpha Natural Resources took a $.73 billion hit in the fourth-quarter, but the US coal producer, the third largest of coking coal in the world, said it has a strategy to counter weak US coal markets by cutting production and concentrating on met coal used in steelmaking.
Vedanta consolidation to create world’s 7th largest natural resources company
London-based Vedanta Group (LON:VED) announced Saturday a merger of two of its subsidiaries, Sesa Goa and Sterlite Industries, into a new corporate entity to be named Sesa Sterlite.
Success in the DRC: Investors line up for Banro already up 50% in 2012
Banro's Twangiza oxide mine poured its first gold Q4 2011and it owns four additional licences along the same rich gold belt in the east of the country. After bumping up its debt offering to $175 million on Friday the company says it can now start building a second oxide mine.
Thought the fight for control of Baja’s board couldn’t get uglier? Read on
Baja Mining is fighting attempts by Mount Kellett, a $6 billion asset manager, to stack the miner's board with its own nominees. Baja is accusing Mount Kellett of a takeover by stealth while MK says Baja is a web of conflicts.
Hire more women to save money: consultant
Hiring more women to work at mines in Hunter Valley, NSW could save companies money because they are easier on the equipment, says a workplace consultant.
Investors find holes in Guyana Goldfields definitive study, decide the company is worth 20% less
Toronto-based firm's Definitive Feasibility Study for its 100% owned Aurora Gold Project in Guyana, the nation's only large-scale licensed gold mine development project, makes investors see red.
Newmont slides after taking $1.6 billion Arctic hit
Shares in Newmont Mining was down 2.7% on Friday after the company announced a $1.6 billion charge after mothballing its Hope Bay project in northern Canada.