Harmony opts to starve illegal miners
The drastic step, as reported by Reuters, is to "cut supply lines to gangs of illegal miners used to staying deep in the mines for months on end, threatening lives and official production."
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Third time’s the charm for Peru’s mining issues?
Faced with never ending environmental and social conflicts over mining projects, Peru's President Ollanta Humala decided yesterday to reshuffle his Cabinet… again…for the third time.
Teck Resources down 5% after profits more than halve
The diversified miner suffered lower realized prices across the board with copper down 14% to $3.57 a pound, its realized coal price was 26% below Q2 2011 at $202 a tonne. Zinc (-15%), silver (-24%), lead (-22%) and molybdenum (-18%) prices all declined.
Suncor to delay joint venture oil sands projects
Billions of dollars in joint venture projects with partner Total E&P Canada will be delayed, said Suncor Energy’s new chief executive Steve Williams on Wednesday, as both companies are analyzing alternatives to improve their profitability.
Miners buying existing projects rather than starting their own: study
Escalating costs and economic instability may be the two main reasons why mining companies worldwide are acquiring existing projects instead of starting their own, shows the latest report from global firm Ernst & Young.
University of Utah: Center for Mining Safety and Health Excellence
The Department of Mining Engineering of the University of Utah houses the new created Center for Mining Safety and Health Excellence reports […]
Slowdown? What slowdown? Caterpillar’s best quarter in history
Caterpillar Inc (NYSE:CAT), the world's largest earth-moving equipment maker, raised its 2012 profit forecast on Wednesday based on its quarterly profit report, which beat by far most of Wall Street's gloomy outlooks.
China amassing ‘absolutely shocking’ amount of gold
Storied money manager Stephen Leeb says China is acquiring as much gold as it possibly can in a spate of 'controlled desperation.'
G-Resources pours first gold at Indonesia’s Martabe mine
The Hong Kong-listed miner said on Wednesday that the start of production at Martabe marked a significant milestone for the company.