MINING.COM

Precious metals fall as market pans euro deal

Precious metals took a beating in the markets on Monday, with gold and silver falling in inverse relation to a 1% rise in the US dollar. Gold for February delivery crashed $52.60 to $1664.20 an ounce at Comex in New York. Silver sunk $1.20 to $31.05/oz.

Andrew Topf | December 12, 2011 | 7:43 pm

Lundin Mining foresees a rise in zinc and copper production in 2013 and 2014

Lundin Mining (TSE:LUN) said Monday that higher grades of ore and a ramp up of production is expected to boost zinc and copper production in 2013 and 2014.

Cecilia Jamasmie | December 12, 2011 | 5:08 pm

Fracking can cause water pollution: EPA

Environmentalists and academics alike welcomed the latest report by the U.S. Environmental Protection Agency (EPA), which confirms a link between hydraulic fracturing for natural gas —or fracking— to groundwater contamination.

Cecilia Jamasmie | December 12, 2011 | 4:15 pm

New mining minister appointed in Peru amid deepening crisis

Jorge Humberto Merino, an engineer who worked for the Peruvian government agency that promotes foreign investment, swore in last night as the new mines and energy minister, amid a mining crisis that has had the country under state of emergency since Dec. 4.

Cecilia Jamasmie | December 12, 2011 | 2:44 pm

A three-way $3 billion deal for Whitehaven, Aston and Boardwalk

Australian coal miner Whitehaven Coal (ASX:WHC) announced Monday that it will merge with Aston Resources (ASX:AZT), and it will also acquire Boardwalk Resources in a three-way deal valued at $3 billion.

Michael Allan McCrae | December 11, 2011 | 11:56 pm

No uranium rebound in the near term: Resource Capital Research

Resource Capital Research detects some good news in the uranium sector, namely acquisition plays for Hathor Exploration and Extract Resources, but sector performance will remain poor for the first quarter of 2012.

Michael Allan McCrae | December 11, 2011 | 10:25 pm

Copper battery performs better than lithium

Stanford University scientists have made high performance batteries using copper, not lithium, that cost less and perform better.

Michael Allan McCrae | December 11, 2011 | 8:46 pm

Suncor Energy announces withdrawal from Syria

CALGARY, ALBERTA--(Marketwire - Dec. 11, 2011) - Suncor Energy reported today that it has declared force majeure under its contractual obligations and is suspending its operations with the General Petroleum Corporation (GPC) in Syria.

Marketwire | December 11, 2011 | 6:17 pm

Energy demand is up 30 percent by 2040 but coal will be a smaller part of the picture

Energy demand is predicted to be 30 percent higher by 2040 due to growing population and a rising GDP, but coal use will peak and decline over this same period.

Michael Allan McCrae | December 11, 2011 | 6:09 pm

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