MINING.COM

Rio Tinto to Oyu Tolgoi mine: Let there be light

After months of difficulties, Rio Tinto’s (LON:RIO) flagship Mongolian copper-gold mine, Oyu Tolgoi, will start producing early next year as the giant miner has finally solved the issue of power supply from next-door China.

Cecilia Jamasmie | November 5, 2012 | 4:52 pm

Junior miners see light at the end of global downturn tunnel

While the harmful effects of the slumping global economy over junior miners are nothing new, companies that have seen their value down on the TSX Venture Exchange this year and so experienced more difficulties raising cash, may soon see a few glimmers of hope.

Cecilia Jamasmie | November 5, 2012 | 3:37 pm

Environment Canada’s document indicates pollutants near oil sands

A document obtained from Environment Canada confirmed Monday what scientists from the University of Alberta published in 2010: that there is mounting evidence of contaminants in the snow and even in precipitation close to oil sands facilities.

Cecilia Jamasmie | November 5, 2012 | 2:31 pm

Lofty bonus for doctor at an Australian mine

Australian gold company Northern Star Resources (ASX:NST) is offering a $200,000 bonus to any oncologist willing to spend two years close to the mine area providing radiation therapy to children with cancer.

Cecilia Jamasmie | November 5, 2012 | 11:50 am

Mining industry eschews mega projects to boost shareholder returns at consumers’ expense

Mining executives have given a clear indication that they plan to slash capital spending and reduce supply in order to improve shareholder returns at the expense of consumers.

Marc Howe | November 5, 2012 | 4:36 am

China transforming into gold bullion superpower on the sly

As rumors fly that leading Western economies have exhausted their gold hoards, China has become the world's biggest gold producer while also discretely accumulating bullion reserves.

Marc Howe | November 5, 2012 | 12:02 am

AngloGold could spin-off assets into separate regional entities

The CEO of AngloGold Ashanti said the company is considering the creation of separate regional entities in South Africa, Colombia and Australia via the spin-off of assets in order to enhance shareholder value and better compete against local rivals such as Newcrest Mining.

Marc Howe | November 4, 2012 | 11:47 pm

Silver nano-particles used to make HIV-resistant super-prophylactic

Canadian scientists claim that silver nano-particles could be used to fashion a super-prophylactic capable of killing the HIV and herpes viruses as well as other STD's.

Marc Howe | November 4, 2012 | 2:50 am