January 24, 2012

Rio Tinto takes control of Ivanhoe, punters feel deflated

World number two miner Rio Tinto has taken a majority stake in Ivanhoe Mines, its partner on the massive Oyu Tolgoi project in Mongolia, purchasing a 51% interest. A favourite…

January 24, 2012

Toyota says could bring rare earth substitute for hybrid cars to market within two years

Reuters reports that Toyota has developed a technology to substitute rare earths used in its hybrid vehicles. The company, which has a strong lead in environmentally friendlier car sales around…

January 21, 2012

A look inside the Fukushima containment vessel

Forty technicians were needed to create a 8.5 mm hole so an endoscope could be lowered inside the stricken Fukushima containament vessel. […]

January 20, 2012

PT Timah to order more large dredges for tin mining

State-controlled Indonesian tin producer PT Timah plans to order two new generation dredges worth around $100 million this year, the Antara news agency has reported.

January 19, 2012

How whetted is your risk appetite? Gold diggers explore the final frontiers

As attractive deposits become harder and harder to find in traditional markets miners are pushing the limits of the political risk they are willing to take on. But things can…

January 19, 2012

Freeport-McMoRan’s net income in 4Q halved but still finishes the year up

Freeport-McMoRan (NYSE:FCX), which operates the world's largest gold and copper mine in Papua, Indonesia, said that its 4Q net income tumbled to $640 million or 67 cents per share compared…

January 19, 2012

Ivanhoe to crush poison pill saving shareholders $73 billion

The Globe & Mail reports Ivanhoe Mines, building Mongolia’s Oyu Tolgoi, will scrap a controversial “poison pill” that clears the way for Rio Tinto, which already owns 49% of the…

January 18, 2012

SouthGobi Resources sells more than four million tonnes of coal in 2011, 58% more than 2010

SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) announces the successful completion of 2011 on guidance in terms of coal sales and production.

January 18, 2012

Phase 1 Drill Program at Tanoyan Gold Project Succesfully Completed

Reliance Resources Limited (TSX: RI) (the company) is pleased to announce a summary of its recently completed Phase 1 drilling program on the Tanoyan Gold Project, North Sulawesi, Indonesia. The…

January 18, 2012

Due to European debt worries Oyu Tolgoi gets an additional US$1.8 billion shoring up

Perceiving a cloudy future for world markets, Ivanhoe Mines (NYSE:IVN) announced that they had negotiated an additional US$1.8 billion bridge financing for Oyu Tolgoi.