October 31, 2011

Russia joins international mineral reserves reporting organisation

Russia has today taken an important step towards integrating its mining capital structure with the major international markets by joining CRIRSCO, the international committee which co-ordinates public reporting standards for…

October 30, 2011

Texas gold digger finished building only mine in Saudi Arabia not owned by royals

Arabian American Development Co, announced over the weekend it has completed construction of the gold, silver and copper mine in Saudi-Arabia which it is developing with Saudi's Al-Kobra Mining Company…

October 30, 2011

In a month of copper strikes, world number 3 Collahuasi’s must count as shortest

Reuters reports unionised Chilean workers at Collahuasi, the world's third most productive copper mine, halted production on Saturday in a strike demanding a wage bonus, but were back at work…

October 30, 2011

Greens’ plan for British Columbia oil sands pipeline: We’ll talk it to death!

The regulatory process for Enbridge’s Northern Gateway pipeline to connect Alberta's oil sands and markets in Asia, is shaping up to make the TransCanada's Keystone XL approval look like a…

October 30, 2011

When hedging hurts: Teranga must deliver 181,855oz at $830, but cash costs are $850-$875

Teranga Gold Corporation is a Canadian-based gold company listed on the Toronto Stock Exchange (TSX:TGZ) and Australian Securities Exchange (ASX:TGZ). For the quarter ended September 30, 2011, the company delivered…

October 30, 2011

Moneyweek on gold the misunderstood asset

Bengt Saelensminde writing in Moneyweek says gold is a misunderstood asset. It’s often portrayed as a safety play – but how can it be? Only recently it fell more than…

October 30, 2011

Coal mine explosion kills 29 in central China

The death toll in a coal mine gas explosion in central China's Hunan Province has risen to 29 as the last trapped worker was found dead Sunday morning.

October 30, 2011

Green light for Britain’s only goldmine sparks fears for national park

The Guardian reports the approval for Britain's only commercial goldmine despite opposition from environmental groups has sparked fears for the Loch Lomond and the Trossachs National Park national park. The…

October 30, 2011

Mining investment boom exposes hypocrisy in claims of sovereign risk

Writing in the Business Day, Clancy Yeates launches a scathing attack on Australia's mining industry. Comparing Australia to Greece would be patently ridiculous to most people. Sure, things here are…

October 30, 2011

China coal giant bids for New Zealand’s fatal Pike River mine

The Manawatu Standard reports giant Chinese state-owned Shanxi Coal is understood to be in the running to buy New Zealand's Pike River Coal as part of a joint bid with…