MINING.COM

Hard coal landing: Australia scraps $9 billion port expansion

The state government has scrapped plans for a $8.8 billion coal terminal expansion project at Queensland's Abbot Point, Australia citing funding issues and environmental regulations, but China's slowing economy probably had more than a little to do with it.

Frik Els | May 21, 2012 | 9:18 pm

Gold rally runs out of steam before $1,600 mark

Traders said support given to Greece to stay in the Eurozone at the weekend's G8 meeting and a stronger dollar hurt the yellow metal.

Frik Els | May 21, 2012 | 9:16 pm

Billionaire battle: Property tycoon says Rinehart is bilking him out of iron royalties

Gina Rinehart, the world of mining's 4th richest person, is meeting a fellow billionaire Stan Perron in the Australian supreme court this week in a fight over – no surprises here – iron ore royalties.

Frik Els | May 21, 2012 | 8:38 pm

Kirkland Lake halts production after fire

No injuries or damage to company assets, but all production activities are halted until power is restored.

MINING.com Editor | May 21, 2012 | 8:14 pm

Gold: The world’s friend for 5,000 years

Investors have “defriended” gold recently in favor of the dollar, as Greek and French voters rejected austerity measures.

Frank Holmes - U.S. Global Investors | May 21, 2012 | 8:08 pm

Iron ore hits six-month low as China just says no

Iron ore prices fell on Monday to six-month lows of $130/tonne as Chinese steelmakers demand cargo deferrals or simply default on shipments.

Frik Els | May 21, 2012 | 8:00 pm

How strong is global gold demand?

Even though gold prices can experience declines that appear to be unfounded, demand from various categories and parts of the world continue to provide support to prices.

Eric McWhinnie - Wall Street Cheat Sheet | May 21, 2012 | 7:48 pm

Motley Fool says Rio Tinto is a 4-star stock ready to pop

Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, global mining giant Rio Tinto (NYSE: RIO ) has earned a respected four-star ranking.

Motley Fool | May 21, 2012 | 5:34 pm