September 14, 2012

Aquarius Platinum and Xstrata halt operations in S.Africa

Aquarium Platinum (LON,ASX, JSE:AQP) and Xstrata (LON: ) are the latest casualties of the ongoing labour unrest in South Africa. Both companies announced Friday they have suspended operations, as police…

September 14, 2012

Liberia tells the UN it lacks funds to fight blood diamonds

Liberia's questioned commitment to the diamond industry’s efforts to prevent blood gems trade has driven the US Agency for International Development (USAID) to threaten with cutting the program, but authorities…

September 14, 2012

Alrosa sells 51% in Timir iron ore project to Evraz

Russia’s state-owned diamond company Alrosa said its board approved the sale of 51% of its Timir iron-ore unit in Siberia to Evraz Plc (EVR), the steelmaker part-owned by mining billionaire…

September 14, 2012

Trolex searching for models for its ‘Miners Rock!’ 2013 calendar

UK-based environmental and equipment monitoring system provider Trolex is on the hunt for people in the coal mining industry to pose for a ‘Calendars Girls (and Guys!)’ calendar in aid…

September 14, 2012

Gold mining industry shooting itself in the foot

The gold mining industry has been digging its own grave by telling just half of the real cost story, Gold Fields (NYSE:GFI) CEO Nick Holland told the audience Thursday at…

September 13, 2012

Not only are commodity prices diving – Canadian CEO bonuses have shrunk too

CEOs are getting — on average — 31% less this year.

September 13, 2012

Mining jobs in Australia fall for first time in three years

Who said the boom was not over?

September 13, 2012

Quebec’s first diamond mine may see delays

Canadian Stornoway’s Renard diamond project might not be ready by 2015 due to delays in the construction of the Route 167 extension from Chibougamau to the Otish Mountains.

September 13, 2012

German nuclear expert ensures safety of Lynas’ Plant

Dr. Ing Joachim U. Knebel, chief science officer for Karlsruhe Institute of Technology, noted that the Lynas Advanced Materials Plant (LAMP) in Gebeng is safe as long as the company…

September 13, 2012

Onexim confirms plans to sell stake in Polyus Gold

Onexim Group, owned by billionaire Mikhail Prokhorov has confirmed through a filing to the London Stock Exchange that the company is in talks with two potential buyers to sell part…