February 10, 2012

Cameco reports record revenue from high uranium prices

While the nuclear industry outlook remains uncertain for the near to medium term, Cameco foresees "a very strong and promising growth profile" in the long term.

February 10, 2012

Brazil’s Vale to lease Petrobras potash mine

Brazilian mining giant Vale SA (VALE, VALE5.BR) on Thursday said its board of directors has approved a deal to lease for another 30 years a potash mine in northeastern Brazil,…

February 10, 2012

Rio boss waives bonus after huge write-down of aluminium assets – UPDATE

Mining (Euronext: SMI.NX - news) giant Rio Tinto (Berlin: CRA1.BE - news) has hiked its full-year dividend by 34% after reporting record underlying earnings in 2011, but net earnings were…

February 10, 2012

China secretly raised its gold reserves

China disclosed on Friday that it had secretly raised its gold reserves by three-quarters since 2003, increasing its holdings to 1,054 tonnes and confirming years of speculation it had been…

February 10, 2012

Mont. Judge Tosses Challenge To $86M Coal Lease

A Montana state judge has rejected an environmental challenge to an $86 million Arch Coal Inc. coal lease, ruling on Feb. 3 that the state did not violate its duty…

February 10, 2012

New Putzmeister mining range at Expomin

At the forthcoming Expomin show in Santiago, Chile from April 9-13, Putzmeister Underground Division is to present its latest series of shotcrete equipment and a new low-profile concrete mixer as…

February 10, 2012

Babcock expands into mining and quarrying fleet management

Global quarrying major Lafarge has awarded Babcock International Group a £100 million, ten year contract to provide a fleet managed service for its Heavy Mobile Equipment (HME) located across its…

February 10, 2012

Another railcar dumper deal for Metso

Metso is to supply another tandem rotary railcar dumper to Hamersley Iron in Australia. The equipment will be delivered to Hamersley Iron's Cape Lambert, Port B iron ore operation in…

February 10, 2012

Allied Nevada signs major new order with FLSmidth

FLSmidth has been awarded a contract worth approximately $82 million from the company Allied Nevada Gold to supply equipment and services for its major Hycroft gold mine expansion.

February 9, 2012

Gold purchasers hope ‘the ranks of the fearful will grow’: Buffet

Buffet beat up gold in a preview of his upcoming letter to Berkshire Hathaway shareholders, previewed in Fortune on Thursday.