May 28, 2012

Brazil’s Vale to sell all of its Colombian coal assets for over $400 million

Mining giant Vale said on Monday it will sell its coal assets in Colombia to CPC, a unit of Colombian Natural Resources, for $407 million.

May 28, 2012

Market Chatter: Oil India Eyes Stake in ConocoPhillips’ Canada Oil Sands

State-run explorer Oil India is looking at buying stake in ConocoPhillips' (COP.N) oil sand assets in Canada, as well as the Gabon assets of France's Maurel et Prom, Finance Director…

May 28, 2012

Pro-coal group allegedly paid fake activists to wear its shirts at EPA hearings

The U.S. Environmental Protection Agency (EPA) held 12 hours of stacked hearings in Chicago on Thursday, allowing the public to express their opinions (mostly adulation according to The Huffington Post)…

May 28, 2012

Singapore-based iron ore platform to compete with China’s beginning on Wednesday

A second major physical iron ore trading platform, supported by major mining companies and Chinese steelmakers will launch this Wednesday, competing directly with China's new own platform in a race…

May 28, 2012

Australian mining community outraged by government’s decision to grant first ever right to hire foreign workers

Australia’s decision to grant first ever right to hire foreign workers at the Roy Hill project in the Pilbara on Friday has sparked heated critics by local unions and the…

May 27, 2012

Glenstrata takes shape this week

The prospectus giving details of the creation of a $90 billion mining and commodities trading behemoth will find its way to the inboxes of shareholders this week.

May 27, 2012

Return to the Rio Tinto

If there is one mining project anywhere in the world that could warrant the old Hollywood blockbuster title of Back to the Future it must be EMED Mining’s Rio Tinto…

May 27, 2012

Freaky Friday looms for gold

Gold faces a crucial test in the coming holiday-shortened week with crucial US jobs numbers out on Friday and the ongoing Eurozone crisis making or breaking the yellow metal's assault…

May 27, 2012

Beijing iron exchange handled only 8 transactions in its first 3 weeks

It has been a slow start for China’s first physical iron ore trading platform which was launched with the idea that it would give China greater influence on the price…

May 27, 2012

Bloomberg: Gold boom spreading mercury as 15 million miners exposed

Bloomberg has a devastating in-depth report on the impact of gold mining in a small town in Colombia called Segovia where "almost 100 shops refine the gold that prospectors bring…