November 12, 2011

Nautilus now has $155 million kitty and all its green permits for undersea mine

Nautilus, the first company to explore the ocean floor for polymetallic seafloor massive sulphide deposits, announced on Friday it has completed the quarter with a cash balance of $155.1 million,…

November 11, 2011

Foreign powers eyeing $3 trillion Afghan resource spoils

While peace in Afghanistan still looks to be a utopian dream, AFP reports that developing nations like China and India are eager to make resource deals in the troubled country…

November 9, 2011

Western Potash rally runs out of steam despite takeover talk and Milestone milestone

Despite a pre-feasibility study packed with good news and an ever-louder drumbeat suggesting an imminent takeout, Western Potash sank 6.67% on Wednesday, a day the broader market managed to keep…

November 9, 2011

India’s BEML exhibits mining offering in China for the first time

Homegrown Indian mining equipment manufacturer, Bharat Earth Movers Ltd (BEML) exhibited in China for the first time at the recent 13th China Mining Congress & Expo in Tianjin. BEML was…

November 8, 2011

Vale on iron ore price: after hitting 2-year low, the only way is up

Bloomberg reports Rio de Janeiro-based Vale SA, the world’s largest iron-ore producer, said prices for the raw material have stabilized and are recovering from “rock bottom” levels as a result…

November 8, 2011

St. Augustine Gold and Copper to raise $10-$12 million for King-king

SPOKANE, WASHINGTON--(Marketwire - Nov. 8, 2011) - St. Augustine Gold and Copper Limited (TSX:SAU) ("St. Augustine" or the "Company") announces a non-brokered private placement offering for gross proceeds of CDN$10,000,000…

November 7, 2011

Hitachi building new mining excavator factory in Japan to open in 2013

According to a November 4 report from Bloomberg, Hitachi Construction Machinery Co (HCME) is to build its third mining equipment factory in Japan as demand for thermal coal rises in…

November 6, 2011

BHP Billiton to begin work on Indonesia coal project

BHP Billiton Ltd said Thursday it plans to begin work on the $1.34 billion IndoMet coal project in Indonesia within weeks, a move that would open up a new mining…

November 6, 2011

Indian steel companies shares shoot up on panel nod for mining

The share prices of steel companies shot up sharply in response to an interim relief provided by the Central Empowered Committee which cleared 24 applications for re commencing mining operations…

November 6, 2011

GJEPC Working on Road Map for Colored Gemstones Revival

The first-ever Mines to Market conference for colored gemstones wrapped up last week in India’s gem-cutting city of Jaipur. Rajiv Jain and Sanjay Kothari, chairman and vice chairman of the…