September 28, 2011

Gears instead of belts

Gravel plant cuts costs and reduces maintenance expenditures by using gearmotors. In many gravel pits, stone crushing plants and similar operations, shaft and […]

September 28, 2011

Belgium’s rough found fewer buyers in August

Even tough Belgium eased its rough diamond imports in August, imports still far exceeded demand, resulting in many of the goods remaining in the trading center in August.

September 28, 2011

Major Drilling announces closing of $70 million offering

Major Drilling Group International Inc. ("Major Drilling" or the "Corporation") (TSX: MDI) is pleased to announce that it has closed its prospectus offering of subscription receipts ("Subscription Receipts"). The Corporation…

September 28, 2011

Central Rand Gold asks the courts to return its mining license

Central Rand Gold (JNB:CRD) is seeking help from the Pretoria High Court to keep operating after its mining license was set aside by the South African Department of Mineral Resources.…

September 28, 2011

Paladin Energy Ltd successfully completes A$68.2m/C$69.2M institutional placement of shares

Paladin Energy Ltd (TSX:PDN)(ASX:PDN) ("Paladin" or the "Company") has completed the bookbuild for a private placement to institutional and accredited investors of 56.9M ordinary shares (representing 7.3% of Paladin's existing…

September 28, 2011

Norilsk: May Sell Some Of Its Shares, Says Rusal May Dispute Buyback

MOSCOW -(Dow Jones)- Russian Polar miner OAO Norilsk Nickel (GMKN.RS) Wednesday said it may sell all or part of its treasury shares, representing in total a 9.23% stake in the…

September 28, 2011

Vale’s 3rd VLOC to serve Brazil – Italy iron ore trade

Miner Vale will take delivery of another 400,000 DWT VLOC next month, its third after the ‘Vale Brasil’ and ‘Vale Rio de Janeiro.’ Surprisingly, the first of Vale’s mega-bulkers to…

September 28, 2011

We’ll need 170,000 workers, says BHP

CLANCY YEATES BHP BILLITON has predicted Australia's resources industry will need an extra 170,000 workers in the next five years, underlining the job bonanza set to hit mining states. Forecasts…

September 28, 2011

163-year-old Pittsburgh-area copper firm bankrupt

LEETSDALE, Pa.—A 163-year-old western Pennsylvania copper company is filing for Chapter 11 bankruptcy protection while it seeks to sell the company's assets. Attorneys for Hussey Copper Ltd., now based in…

September 28, 2011

Pacific Gold Corp. – share buyback program

Pacific Gold Corp. ("PCFG") today announced that its Board of Directors has approved a share repurchase program, effective immediately. Under the program, PCFG is authorized to repurchase up to 5…