March 22, 2012

‘We pumped an ocean into the mountains’

Coal Rush, a documentary running next week at the Atlanta Film Festival, tells the story of a 7-year crusade by US attorney Kevin Thompson, along with other attorneys, advocates and…

March 22, 2012

Glencore-Xstrata merger won’t happen this year

EU regulators are stepping up scrutiny of the mooted $90 billion merger of the commodities trader and coal giant and the whole vetting process could take until early 2013. That…

March 22, 2012

Tata Group looking to partner with South African coal miner

The Tata Group, India's largest conglomerate, is said to be investigating a joint venture with South African coal producer Increase Coal.

March 22, 2012

Australian explorer hunts for copper in Andes

The Herald Sun has an interesting feature piece on Chinalco Yunnan Copper Resources, an Australian company with Chinese backing that is partnering with Rio Tinto on three early-stage exploration projects…

March 22, 2012

Investors give miners another kicking after China manufacturing shrinks

None of mining's top companies escaped the carnage on Thursday after a survey of manufacturing in China showed activity slowed for a fifth straight month.

March 22, 2012

Tasman’s PEA gives Norra Karr a $1.46bn value

Vancouver-based Tasman Metals on Wednesday published the results of a scoping study at its Norra Karr rare earths project in southern Sweden, sketching out a mine that would cost $290-million…

March 22, 2012

Alacer posts $75m profit for 2011

TSX- and ASX-listed Alacer Gold, the company formed out of the merger of Anatolia Minerals and Avoca Resources early last year, said it made $75-million in net profit in 2011,…

March 22, 2012

Nevsun posts $78m profit for Dec quarter

Nevsun Resources, which owns the Bisha gold mine in Eritrea, made $78.3-million in net after-tax earnings in the last three months of 2011, about 12% lower than the previous quarter’s…

March 22, 2012

Impairments lead to $105.4m Q4 loss for Franco-Nevada

Franco-Nevada Corporation, the biggest gold royalty and streaming company, swung $105.4-million into the red for the fourth quarter, after the Toronto-based firm suffered $169.9-million in impairment charges.

March 22, 2012

Gem Diamonds divides heavyweight opinion

Heavyweight brokers Goldman Sachs and Citi are split on prospects for Gem Diamonds (LON:GEMD). In the blue corner is Goldman, which is upbeat on Gem after the record output last…