August 27, 2012

VIDEO: Reasons the US needs a better mining permitting process

ermitting delays are hindering United States’ economic growth, says The National Mining Association (NMA), which estimates the nations sits on nearly $6.2 trillion worth of key undeveloped mineral resources, such…

August 27, 2012

Chinese acquired Canadian gold miner Inter-Citic for $252 million

Inter-Citic Minerals Inc. (TSX:ICI) stocks soared over a third Monday after the company revealed it was being acquired by a subsidiary of China-based Western Mining Group, in a deal that…

August 27, 2012

Nathan Tinkler loses $4.2 million a day on Whitehaven Coal: report

Australian electrician turned mining magnate Nathan Tinkler is reportedly losing $4.2 million a day on his stake in Whitehaven Coal (ASX:WHC), the country’s largest independent coal producer by market value.

August 27, 2012

Australian coal miner targeted for high metal levels in water streams

Higher than usual mercury levels discovered in water sources in Western Australia by Griffin Coal are prompting calls for an immediate Government investigation.

August 27, 2012

Alpha miner downplays coal price impact

The developers of the massive coal mine in central western Queensland say falling coal prices will not impact on the viability of the project.

August 27, 2012

Split Coal India says government panel

A government board is suggesting to split India’s state-owned Coal India Ltd (NSE:COALINDIA), the world’s largest coal producer, or at least allow joint venture partners to foster competition in the…

August 27, 2012

Pilot Gold intersects 19.8 metres of 2.30 g/t gold, extending mineralization over 2.2 kilometres at Kinsley Mountain, Nevada

Pilot Gold (PLG – TSX) (“Pilot Gold” or “the Company”) is pleased to report that reverse-circulation (RC) step-out drilling at the Company’s Kinsley Mountain Project in northeast Nevada has returned…

August 27, 2012

Brazil halts ruling on use of mercury in gold mining

Brazil’s new regulations on gold mining in the Amazonas State that limit, but don’t outlaw the use of mercury, has scientists and activists up in arms.

August 27, 2012

To return, or not to return to the Gold Standard: that is the US question

After a 32-year hiatus, the U.S. Republicans are calling for a commission to look at the possible return of the gold standard, but experts say the idea is as simple…

August 27, 2012

Methane blamed for Alrosa diamond mine blast

Methane gas is thought to have been responsible for an explosion that killed two workers digging a mine in Yakutia last week.