February 21, 2012

First Rio Tinto driverless train in Pilbara service by 2014

Rio Tinto will run the world's first automated long-distance heavy-haul rail network in the Pilbara, with a $518 million investment (Rio Tinto share $478 million) in driverless trains to be…

February 20, 2012

Canadian ‘mining watchdog’ spent $1.1M taxpayer dollars and has nothing to show for it

A Canadian mining watchdog created by the Conservative government has yet to mediate a single case despite costing taxpayers $1.1 million over the last two years.

February 20, 2012

Legislators present bill to ban gold mining in the Amazon

Peruvian legislators have presented a bill to congress to restrict gold mining in the Amazon basin.

February 20, 2012

Greek optimism, Chinese easing push gold futures higher

Gold futures pushed higher Monday, as expectations that euro zone policy makers will approve a second bailout for Greece and the introduction of fresh monetary easing by China increased the…

February 20, 2012

OZ Minerals to sell off Cambodian gold assets

OZ MINERALS announced plans yesterday to sell off its gold assets in Cambodia, closing a controversial chapter for the company that was forced to deny allegations of impropriety last year…

February 20, 2012

A new kind of hyperinflation: Zimbabwe hikes mining fees by as much as 8,000%

The Zimbabwe Chamber of Mines says the government's hike of pre-exploration fees for the majority of minerals – by as much as 8,000% – together with increased royalty rates will…

February 20, 2012

Quadra FNX Securityholders Approve Plan of Arrangement With KGHM

Quadra FNX Mining Ltd. ("Quadra FNX") (TSX:QUX) is pleased to announce that its securityholders have approved the previously announced plan of arrangement (the "Arrangement") involving Quadra FNX, 0929260 B.C. Unlimited…

February 20, 2012

Did China’s central bank buy 139 tonnes of gold in the fourth quarter?

After surging in January, prices for gold and silver have been remarkably steady through the first three weeks of February, setting the stage for a possible big move sometime in…

February 20, 2012

Zambia NFCA Starts Work On $832 Million Copper Project – Report

Chinese-owned NFCA Mining has stated developing a $832 million copper mine project in Zambia's Copperbelt province as it steps up efforts to boost copper production at its Zambian operations, Zambia's…

February 20, 2012

Elemental to Raise $1.7 Billion Next Year to Mine Potash

Elemental Minerals Ltd. (ELM), owner of a potash project in the Republic of Congo, plans to raise about $1.7 billion next year to develop production by 2015, Chief Executive Officer…