April 19, 2012

South Africa: Lack of Skills Hinders Development – Shabangu

Pretoria — Mineral Resources Minister Susan Shabangu says a lack of skills is one of the binding constraints to growth and development in the mining industry. She said the increasing…

April 19, 2012

OZ Minerals, Southern Copper shopping for South American mines

US-based Southern Copper and Australia's Oz Minerals are both looking to acquire assets in South America, according to media reports Wednesday.

April 19, 2012

Scotia Capital anticipates more gold price volatility

Scotia Capital metals analysts have forecast an average gold price of $1,750/oz from 2012 through 2014.

April 19, 2012

United States as a top coal exporter is here to stay

The United States’ new status as a top world coal exporter will survive as miners struggle to stay in business by chasing foreign sales after the collapse of a domestic…

April 19, 2012

De Beers diamond production down 16% in Q1

Diamond production by De Beers decreased to 6.2 million carats in the first quarter. This is a decline of 16 percent year-over-year and 4 percent compared to the fourth quarter…

April 19, 2012

Goulds slurry pump for mining wins innovation award in UK

An ITT Goulds Pumps product serving the mining industry took top honours at this year’s Pump Industry Awards, presented by the British Pump Manufacturers’ Association.

April 19, 2012

Atlas Copco awarded large mining order in South Africa

tlas Copco has received one of its largest orders ever in South Africa, to deliver Pit Viper 351 blasthole drilling rigs for a value of around SEK250 million to Kumba…

April 19, 2012

Codelco chief says copper to test year lows

Codelco is responsible for roughly 10% of global copper production and acts as a bellwether for the industry.

April 18, 2012

Ivanhoe Australia: Scoping study shows 2.4B pounds copper, 2.2M ounces gold at Mount Elliott

Ivanhoe Australia Limited (ASX:IVA), a separate company from $10-billion market cap Ivanhoe Mines but sharing CEO Robert Friedland, had an up-day in […]

April 18, 2012

Gold, silver rebound on seasonal demand

Snapping a two-day losing trend, both the precious metals, gold and silver, recovered sharply in the national capital recently on emergence of buying by stockists at existing lower levels for…