MINING.COM

Toyota in talks to form venture with Canadian miner Matamec

Toyota Tsusho Corp., the trading company of the Asia’s largest automaker, will help accelerate production of rare-earth metals for Canadian mining company Matamec Explorations Inc. and buy all the output from its Kipawa mine.

Bloomberg News | December 12, 2011 | 8:37 pm

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