MINING.COM

Protect Canadian ownership of oil sands firms, executives urge

Top oil industry executives are asking Ottawa for rules to protect Canadian ownership of major oil sands companies from a flood of foreign investment expected in the sector.

Globe and Mail | September 26, 2012 | 3:47 pm

Copper dive drags Freeport-McMoRan down

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) was down about 1% this morning as the giant copper producer followed the commodity prices down as a consequence of protests in Spain and Greece renewed fears about the euro zone debt crisis and its drag on global economic growth.

Cecilia Jamasmie | September 26, 2012 | 3:40 pm

Czech Republic may create artificial sea by flooding mining area

The Czech Republic might soon be creating an artificial sea in northern Bohemia by flooding the massive and partly abandoned brown coal mining pits located in the area with salt water from the Baltic Sea.

Cecilia Jamasmie | September 26, 2012 | 2:53 pm

Xstrata closes nickel mine in Australia

Diversified miner Xstrata (LON:XTA) announced Wednesday it is suspending operations at its Cosmos nickel mine in Western Australia, as nickel prices have plummeted dramatically.

Cecilia Jamasmie | September 26, 2012 | 2:13 pm

South African strikes far from over: AngloGold Ashanti closed

AngloGold Ashanti (NYSE:AU) was hit by the mining unrest spreading through South Africa again Tuesday night, as strikers halted all of its operations in the country, which account for 32% of the multinational's total gold production.

Cecilia Jamasmie | September 26, 2012 | 1:36 pm

Tightened credit puts pressure on Chinese coal importers and global spot prices

Cuts by banks in China to lending to coal traders is set to place further pressure on global prices for the carbon fossil fuel.

Marc Howe | September 26, 2012 | 3:37 am

Fortescue inks $1.4 billion deal with Leighton to boost iron ore output

Australian iron ore stalwart Fortescue Metals (ASX:FMG) has signed an AUD$1.4 billion deal with Leighton Contractors which is set to raise output to 115 million tonnes by early 2013.

Marc Howe | September 26, 2012 | 2:58 am

Has JP Morgan placed a massive bet on physical gold and silver?

A bullion insider claims JP Morgan is accumulating huge volumes of physical gold and silver despite short positions against the precious metals on paper.

Marc Howe | September 26, 2012 | 1:19 am

Infrastructure upgrades the key to unlocking Yilgarn’s iron ore potential

Preliminary studies by the Yilgarn Iron Producers Association (YIPA) assert that modest improvements to infrastructure could unleash the iron ore potential of the mineral-rich region of Western Australia.

Marc Howe | September 26, 2012 | 12:29 am

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