December 11, 2012

International Diamond Manufacturers group says industry under threat

The International Diamond Manufacturers Association (IDMA) new president, Maxim Shkadov, called rough diamond producers on Tuesday to come up with a joint industry marketing plan to increase sales of polished…

December 11, 2012

Aurecon expands simulation capability in answer to client needs

Leveraging industry leading technology and analysis techniques, the expanded capability aims to help our clients optimise their capital expenditure in new developments and expansions, and provide clarity on the impact…

December 11, 2012

Heavy engineering expert DavyMarkham has won its first contract to supply a production hoist to a mine in Mexico, worth $3.7 million

The company secured the contract to design, manufacture and supply a double drum production hoist for Agnico-Eagle’s Pinos Altos mine in Northern Mexico. Pinos Altos is located in the Sierra…

December 11, 2012

Aussie miners told ‘death’ only excuse for not working on Christmas

Miners who don’t show up to work the Christmas and New Year period at Sandfire Resources’ DeGrussa copper and gold mine in Western Australia, are being threatened with major fines…

December 11, 2012

Rio Tinto and Anglo sell Palabora to Chinese group

Mining giants Rio Tinto and Anglo American are selling a 74.5% shareholding in the South African copper company Palabora Mining to a consortium of Chinese and South African firms, in…

December 11, 2012

Glencore-Xstrata deal hits South African snag

Glencore has extended the deadline to complete takeover of Xstrata (LON:XTA) by a month after South African power utility Eskom expressed worries about its coal supplies.

December 11, 2012

GE introduces new dust control solutions for coal handling operations in North America

GE (NYSE: GE) introduced a new line of products in North America designed to maximize the value of coal brought into power plants by reducing material losses and mitigating fuel…

December 11, 2012

Mining technology innovator Maptek appoints new representatives in Asia

Mining technology developer Maptek has appointed resellers for its Vulcan geological modelling and mine planning software in Mongolia and India.

December 10, 2012

Renewed interest in gold as a financial asset

Central banks fueled the supply of gold by 400-500 tons per year on average between 1989 and 2007, they are now increasing demand by the same factor.

December 10, 2012

Gold production reaches record high in Irkutsk province

Gold production in the province of Irkutsk Russia, in January-November 2011 increased by 11.9% YoY to 18.506 metric tons, the local government said.