May 20, 2014

Komatsu dealer sells hydraulic shovel, haul trucks to True Gold

Later the fleet will be augmented with a second primary excavator and eight additional trucks.

May 19, 2014

$20bn Rio Tinto-Guinea deal on Simandou close

Rio Tinto CEO Sam Walsh says agreement on funding and execution of $20 billion Simandou iron ore project will "inject new momentum".

May 19, 2014

Iron ore price drops to double digits

"Now that we broke through $100, I think that's a very bearish sign. It shows you there's a lot of supply around"

May 18, 2014

Africa FDI at decade high

Foreign direct investment is shifting from extractive industries to consumer-related sectors according to new report.

May 18, 2014

MIT developing platinum replacement

A team of scientists is working on a process to replace platinum-group metals (PGMs) with more widely available elements.

May 18, 2014

Global mining deals picking up, but far from returning to boom times

Companies’ low valuation, the current focus on operational efficiency in the mining sector, and the chase for overseas assets by Chinese investors, are pushing deals up.

May 16, 2014

Iron ore price crashes to $100 on China steel crisis

Iron ore price gives up 2% on Friday falling to a 21-month low as Chinese steel price drops to record low.

May 16, 2014

World’s largest platinum mine to remain shut for months on S. Africa strike

Impala Platinum (Implats) has lost about 246,000 ounces of production of the metal since the strike started,

May 16, 2014

Inaccurate Reuters news story misrepresented statements in Ivanhoe Mines news release regarding ongoing development of the company’s Kamoa Copper discovery and Kipushi Mine upgrading

Reuters' statements implied that the development of Kamoa and Kipushi is an all-at-once, or not-at-all, proposition. That's not true.

May 15, 2014

Eric Sprott: Gold shortage coming, data shows

When the West runs out of gold, the price should go much higher.