MINING.COM

I shoulda, coulda, woulda bought Molycorp. Rare earth miner now up 30% in 2012 after $390 million cash injection

Molycorp on Wednesday built on its strong gains since the start of the year after announcing a $390 million cash injection from Chile's Molymet.

Frik Els | February 1, 2012 | 3:50 pm

BHP axes nickel operations in Western Australia

BHP Billiton Ltd., the world’s largest mining company and the fourth-largest nickel producer, announced today that is decreasing mining operations at its West Australian locations by 30 percent.

Cecilia Jamasmie | February 1, 2012 | 3:43 pm

BHP Billiton exits titanium industry by selling stake in Richards Bay Minerals to Rio Tinto

BHP Billiton Limited (ASX:BHP) said Wednesday that it is selling its 37% non-operated interest in South African mineral sands venture Richards Bay Minerals to partner Rio Tinto PLC (LON:RIO). With this move, BHP is officially leaving the titanium minerals industry.

Cecilia Jamasmie | February 1, 2012 | 2:39 pm

London Mining makes first shipment from Sierra Leone

Junior miner London Mining’s stocks (LON:LOND) went up almost five per cent today as the company announced two major milestones: the first shipment of iron ore from its Marampa project in Sierra Leone and the commencement of production of coking coal in Colombia.

Cecilia Jamasmie | February 1, 2012 | 2:10 pm

Field geologists, meet your robotic replacements

NASA is developing a robotic concept vehicle for bulk loading and remote exploration.

Michael Allan McCrae | February 1, 2012 | 6:42 am

Petrobank selling May River property for $225 million

Petrobank Energy and Resources Ltd. (TSX: PBG) announced on Wednesday that it reached an agreement with Grizzly Oil Sands Ulc. to sell May River property.

Michael Allan McCrae | February 1, 2012 | 1:18 am

Platinum industry attacked from many angles: Aquarius Platinum CEO

Aquarius Platinum CEO, Stuart Murray, announced frustration with the platinum industry due to strikes, regulatory hurdles and PGM oversupply.

Michael Allan McCrae | February 1, 2012 | 12:59 am

Black day for Verde as investors see red over Brazil potash project preliminary economic assessment

Verde Potash shares fell $1.66 or 19.4% to $6.90 on Tuesday, recovering from even steeper losses earlier in the day, after the company released a preliminary economic assessment report for its Brazil project that disappointed investors.

Frik Els | January 31, 2012 | 10:15 pm

Scotgold expects licence for Loch Lomond gold-silver mine in May

Scotgold Resources announced Tuesday it expects to receive a mining lease from the Crown for the Cononish gold and silver project, the only one of its kind in the UK, in May this year. Production could start early in 2013.

Frik Els | January 31, 2012 | 9:10 pm

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