December 14, 2011

Modular outlines ongoing role in Autonomous Haulage System project with Rio Tinto

Modular Mining Systems is a key member of the strategic alliance between Komatsu, Rio Tinto, and Modular, that is working to deliver the world's first large-scale commercial deployment of Autonomous…

December 13, 2011

Botswana, DRC and Zambia most vulnerable to ‘resource curse’

Oxford Policy Management published a new report explaining how low- and middle-income countries are becoming increasingly vulnerable to the "resource curse."

December 13, 2011

Freegold Announces 43-101 Resource Estimate for Golden Summit Project, Alaska

VANCOUVER, Dec. 13, 2011 /CNW/ - Freegold Ventures Limited (TSX: FVL, Frankfurt: FR4N) ("Freegold") is pleased to report the results of a NI43-101 compliant Mineral

December 13, 2011

NuLegacy Gold Increases Private Placement

On December 5, 2011 NuLegacy Gold Corporation (TSX VENTURE:NUG) announced the completion of an initial closing of its private placement offering of 6,932,500 units (the "Units") at price of $0.15…

December 13, 2011

Gold falls 2.5 pct, extends losses after Fed

Gold fell around 2.5 percent on Tuesday, posting its largest two-day loss in nearly three months, as the dollar rallied after the Federal Reserve held its policy steady with no…

December 13, 2011

Rumour mill churning on Anglo bid for Mozambique coal mine

Just one week following Anglo American's approval of a $1.7 billion met-coal project in Queensland, the London-listed diversified miner may be shopping for more coal assets.

December 13, 2011

Afferro sells Putu stake to focus on Cameroon project

The anticipated receipt of $115-million from the sale of its interest in the Putu iron project is ‘Christmas come early’ for iron-ore miner Afferro Mining, said London-based Evolution Securities’ Charles…

December 13, 2011

Chalice puts Eritrea gold project on chopping block

TSX- and ASX-quoted Chalice Gold Mines said on Monday it signed a nonbinding agreement to sell its Zara project in Eritrea, the East African State that the UN slapped with…

December 13, 2011

Stranded mine equipment too massive to move

Two heavy haulage transporters carrying $16 million of mining gear are stranded after they were found to be too massive to travel down Cunninghams Gap in Queensland.

December 13, 2011

What is the world’s most useless element?

FVBLT responded to a user question on Reddit, the social media site, on how many elements do we have no practical use for. There is a distinction between the elements…