Catherine Raw, from one of the UK mining sector's best known fund managers, is assuming as the company's Business Performance Executive Vice President.

The failed deal was supposed to allow Turquoise Hill to finally break ties with the Mongolian coal miner that was once worth over $2.4 billion.

Uranium has been on a tear recently. Stocks are going up fast in the sector. Even large companies like uranium miner Cameco have seen a double-digit move up in a month.

If the miner buys any assets this year, it would be Rio's first acquisition in about three years.

The nation signed a complex deal with Citibank to swap $1 billion in cash for about 1.4 million ounces of its gold reserves.

Only primary producers like Peabody will be excluded from investment portfolio so a BHP or Glencore could still make the grade. Met coal also fine.

Temir Sariyev, a 51-year-old economist, said before Thursday's vote in parliament that resolving the Kumtor issue would be among his priorities.

Today's results are the lowest earnings Vale has reported in six years and its third straight quarterly loss.

High pressure, high flow pumps require considerable energy input in order to deliver the demands of each application, be that in the mining or the steel industry. Increasing energy prices continue to apply additional pressure to these industries and so the manufacturers of these systems are developing more efficient control systems such as ODIN which has been designed and implemented by RMI Pressure Systems.