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Caterpillar Upgrades Room and Pillar Mining Equipment Manufacturing in Pennsylvania

Caterpillar is updating and upgrading room and pillar mining equipment…

Mining, oil and gas companies, at highest risk of cyber-attacks: report

Personal assistants at large mining companies and PR people were…

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Report: threat of army takeover looms large in Zimbabwe

Neighbour South Africa's influential Business Day reports as Zimbabwe’s shaky unity government inches ahead with extensive electoral reforms ahead of fresh elections now expected next year, the prospect of the country’s army seizing power looms large. In recent weeks, the military’s top brass has taken on a visible role in the country’s political affairs and has been brazenly opposed to security sector reforms. The military seized control of Zimbabwe's rich diamond fields in Chiadzwa in 2006 and most observers believe an international ban on these gems are being widely flouted.

India alarm over ‘potash cartel’ grows

India's Department of Fertilisers raised concerns with the country's Foreign Affairs minister on Thursday over 2011 prices set by Canpotex, the company that markets and distributes Saskatchewan's potash globally. India's farming co-ops have halted imports due to the impasse and while waiting for a government decision on import subsidies. At over 6 million tonnes/year India is the biggest importer but says it pays much higher prices than a country like China can negotiate.

Gold surges to fresh all-time high near $1595

Gold reached a fresh record high on Thursday as investors continue to seek for the metal as a refuge after Moody's placed US top-notch credit rating on review for a downgrade and hints of QE3 from the Fed. The yellow metal has also been supported by ongoing concerns over the euro zone debt crisis that deepened after Fitch downgraded Greece rating to CCC on Wednesday.

Silvercorp’s Q1 revenue jumps to $69.7-million

Silvercorp Metals Inc. has achieved record silver production and record sales for the first quarter of fiscal 2012. Highlights
  • Record revenues of $69.7-million (U.S.), representing a 90-per-cent increase compared with the same quarter of fiscal 2011;
  • Record silver production of 1.6 million ounces, up 15 per cent from the same period a year ago;
  • Gold production of 1,390 ounces, a 30-per-cent increase compared with the same period last year.

BHP industrial action heats up

Industrial action at BHP Billiton Limited's (ASX:BHP) Queensland mines is heating up as workers fight for more job security and pay rises. According to Fairfax Media more than 400 BHP workers have started strikes at the global miner’s coking coal mines after failed talks between the company and its employees.