December 14, 2011

Hecla buys remaining 30% of Colorado silver mine for $33.8m

Hecla Mining (NYSE:HL) has acquired the remaining 30% interest in the San Juan Silver project in Colorado's Creede silver-producing district, for $33.8 million in stock.

December 14, 2011

US sanctions two diamond mines in Zimbabwe

The United States on Monday sanctioned two diamond mines located in Zimbabwe's Marange region, the scene of serious human rights abuses in 2008.

December 14, 2011

Marketable coal reserves on Vista Coal Project increases by 20% to 313Mt

Coalspur Mines Limited ("Coalspur" or "Company") (ASX: CPL) (TSX: CPT)is pleased to announce that the Marketable Coal Reserves of the Vista Coal Project ("Vista") has increased to 313 million tonnes…

December 14, 2011

Australia moves towards new coal port

Australia edged closer to the creation of a new 10 billion Australian dollar (US$10.02 billion) port focused on exporting coal to Asia when the state of Queensland allocated land to…

December 14, 2011

Indonesian workers, Freeport agree on wage hike to end three-month strike

Indonesian workers at Freeport-McMoRan’s largest gold and copper mine said they were ready to end a three-month strike after the company reportedly agreed to a 37 percent wage hike.

December 14, 2011

Iron ore inventories dip in China

Inventories of iron ore at 25 major Chinese ports dipped 0.75 percent week-on-week to 99.6 million metric tons in the week ending on December 12, according to the Xinhua-China Iron…

December 14, 2011

Gold could go down to $1,600/oz. – even lower – in this correction! Here’s why

Gold is in the bump phase of a seven-year Bump-and-Run Reversal Top pattern which typically occurs when excessive speculation drives prices up steeply, and is now at a critical juncture…

December 14, 2011

Nexans wins key Toromocho mine cable contract

Nexans, the worldwide cable industry major, has been awarded a major contract to supply power, control and instrumentation cables from its specialised POWERMINE range for Chinalco's new Mount Toromocho open…

December 14, 2011

Cocoon 365 rapid structural deployment solution applicable for mining

As a rapid use workshop maintenance or storage building Cocoon 365 is a new design of structure from Cocoon Architecture that can deploy repeatedly on mining and mineral exploration sites…

December 14, 2011

Capital Drilling grows further in Chile and Mauritania

Capital Drilling, the emerging and developing markets drilling company, has been awarded two further contract wins and extensions. Capital Drilling Mauritania has recently been awarded a new development drilling contract…