June 26, 2012

Barrick Gold appoints rival Agnico-Eagle CFO to boost stock price

The world’s largest gold company, Barrick Gold, has rehired a former member of its financial team to fill a senior management spot generated when it dumped former chief executive Aaron…

June 25, 2012

Caterpillar to Present Broadest Range of Mining Equipment in the Largest Exhibit at MINExpo 2012

No matter what their interests—surface or underground, hard rock or soft rock—MINExpo visitors will find the machines and technology at the Caterpillar exhibit to help them mine and move minerals…

June 25, 2012

Glencore, Lexshell consortium owns 71% of Optimum Coal

A consortium comprising commodities trader Glencore and South African businessperson Cyril Ramaphosa’s Lexshell 849 has increased its shareholding in black economic-empowered Optimum Coal to just over 70%.

June 25, 2012

FLSmidth opens all-in-one service centre in Chile

FLSmidth has opened an all-in-one service centre, called a Supercenter, in Renca, Santiago, Chile. The centre is one of eight planned to be built in countries where FLSmidth has signifi-…

June 25, 2012

Coal prices sink again as Chinese storage yards near capacity

Analysts are now saying that the world's second largest economy may not be the "long-term structural importer of thermal coal" suppliers have been betting on.

June 25, 2012

Rio Tinto makes first coal shipment‎ from Mozambique

Giant miner Rio Tinto said Monday that it has started exporting premium hard coking coal from its Mozambique Benga Mine, its first shipment of 34,000 tons has left the Port…

June 25, 2012

Coeur d’Alene evaluating Argentina mine, offers $350m in senior notes

US-based precious metals producer Coeur d'Alene Mines Corp said Monday it would evaluate strategic and operational alternatives for its silver and gold Martha mine in Argentina to reduce its high…

June 25, 2012

Anglo and Codelco like the boy who cried wolf: dispute deadline moved to July 17

London-based Anglo American and Chile's state-owned Codelco did not came to an agreement on Friday over disputed copper assets which has had the miners engaged in a bitter legal confrontation…

June 24, 2012

Ireland’s justice minister can’t link cash for gold shops to major crime

The justice minister of Ireland did not find a conclusive link between cash for gold shops and increased precious metal burglary in the country, but the minister's study did recommend…

June 24, 2012

Bear market in commodities a risk for equities

Economic data last week from around the world have dampened the demand outlook for basic resources.