MINING.COM

Mount Kellett demands Baja CEO quit

Mount Kellett Capital Management, a 20% shareholder in Baja Mining (TSX:BAJ), has escalated the war of words between the two companies by demanding the resignation of Baja CEO John Greenslade following a damning announcement of cost overruns at Baja's Boleo project.

Andrew Topf | April 27, 2012 | 6:07 am

French uranium supply threatened by strike in Niger

Niger's uranium workers have downed tools over a dispute with Areva, the French nuclear power giant that owns the Imouraren mine.

Andrew Topf | April 27, 2012 | 5:01 am

Surprised it lasted this long. Soviet-era palladium stockpiles said to be depleted

Apart from Russian reserves no longer distorting the market, South Africa's dwindling supply is bound to boost prices further.

Frik Els | April 26, 2012 | 11:00 pm

We need to talk about how rare earth prices are imploding

Declines in Chinese rare earth export prices coming off 2011's record highs have been stark. But this year some light REEs have halved again and some heavies are now almost $2,500/kg cheaper.

Frik Els | April 26, 2012 | 8:26 pm

Freeport McMoRan slapped with $6.8 million fine

US copper giant Freeport McMoRan has been ordered to settle claims worth $6.8 million for polluting areas around the Morenci Mine in Arizona.

MINING.com Editor | April 26, 2012 | 6:51 pm

Belo Sun cranks Volta Grande resource estimate 28%; M&I now at 2.85 million oz

Brazil-focused Belo Sun Mining (TSX:BSX) was up 6% today after the Toronto-based company released an updated resource estimate on its Volta Grande gold project.

Andrew Topf | April 26, 2012 | 6:23 pm

Investors take a $1 billion chunk out of Potashcorp after earnings drop 26%

Potash Corporation of Saskatchewan dropped 3.4% when markets opened on Thursday, after revising its earnings guidance for the year and announcing a 26% drop in earnings.

Frik Els | April 26, 2012 | 4:50 pm

Vale’s profits down by almost half – Q1 results

Vale, the second largest mining company, fell to the lowest in over six weeks today, after reporting its third consecutive drop in quarterly profit driven by declining iron-ore prices and output.

Cecilia Jamasmie | April 26, 2012 | 4:18 pm

France’s Dassault to acquire Canadian mining software firm Gemcom for $360 million

French software and consulting services group Dassault Systèmes (EPA:DSY) unveiled today its plans to take over Canadian mining software provider Gemcom, in a cash deal worth about $360 million.

Cecilia Jamasmie | April 26, 2012 | 2:58 pm

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