Look ma, no rare earths
Hitachi has built an 11-kilowatt motor that uses no rare earth materials. The motor took four years to develop, and commercial production is expected in two years.
Latest Stories
1/2-million ounce gold reserve confirmed at Tembang, Sumatra
Sumatra Copper & Gold has released a new reserve estimate for its Tembang gold-silver project in southern Sumatra, Indonesia.
Infographic: Let’s get physical – almost everything you wanted to know about gold vaults
A look at how global investor demand has shifted to physical gold held in vaults over the past decade.
Peruvian company Grupo Brescia to extract copper in Chile
Peruvian company Grupo Brescia announced today that it is going ahead with plans to further diversify its investments by mining for copper in neighbouring Chile, reports Portal Minero.
One of the 33 Chilean miners trapped in 2010 ventures underground for first time since rescue
More than one billion people watched the rescue of 33 Chilean miners from a collapsed mine in 2010. Today, one of them has decided to venture underground for the first time since the accident during a tour to a Saskatchewan potash mine.
Gold could hike to $2,000 by year-end: Thomson Reuters
Gold prices could fall below $1,550, returning to record highs by the end of this year, Thomson Reuters GFMS, a top precious metals consultancy, said this morning.
Anglo American to pump $2 billion into Brazil iron project this year
Anglo American Plc (LON:AAL) will spend over US$ 2 billion this year at its Minas-Rio 5.8-billion ton iron ore project in Brazil, the world’s second-largest exporter of the steel-making ingredient.
Peruvian miners rescued this morning
The nine miners trapped in a high altitude underground copper mine in Peru since last Thursday are well and with their families, after they were freed this morning (12:00 GMT).
Massive quake in Indonesia triggers tsunami alert
An undersea 8.6 earthquake struck Indonesia this morning at 04:38 ET, announced the U.S. Geological survey (USGS). The movement, which triggered a tsunami alert across the Indian Ocean, has forced all mining companies in Indonesia to halt their operations until further notice.
