September 20, 2011

Highland Gold Mining first half profit triples to $70.3 mln

Highland Gold Mining, which mines gold in Russia, saw its first half net profit to International Accounting Standards triple year-on-year to $70.3 million, as the average sales price increased 25…

September 20, 2011

Rough diamond demand growth to hit record this year

Diamond producer De Beers expects global demand growth for rough diamonds to set a new record this year on the exceptionally strong performance of its key US market and robust…

September 20, 2011

China’s gold investment to top record

Gold investment demand in China is likely to top a record 200 metric tons this year, the World Gold Council said. The country’s investment demand surged 70 percent in 2010…

September 20, 2011

NZ coal mine faces opposition

Opposition is growing in New Zealand to a Perth-based company;s bid to mine on conservation land on the South Island.

September 20, 2011

Chinese firm to invest over $4 bn in Thar coal to generate 900MW

A Chinese firm will invest over four billion dollars in Thar coal to generate 900 megawatts of power by the year 2014.

September 20, 2011

Coking coal forecast cut as recovery lags

Australia cut its forecast for coking coal production in fiscal 2012 as recovery from natural disasters takes longer than expected but lifted its projection for iron ore production a touch.

September 20, 2011

Oilsands Quest scraps $60M rights offering as it seeks corporate transaction

Oilsands Quest Inc. (NYSE Amex:BQI) has cancelled its $60 million rights offering of shares as the oilsands operator negotiates a potential deal that would change the Calgary company's financial position…

September 20, 2011

ASI and Leica offer OEM-independent mine machine autonomy

rd11.jpg In addition to the Locata partnership news (yesterday), Leica Geosystems Mining is also teaming up with Autonomous Solutions Inc (ASI) to provide the global mining industry with completely OEM independent remote and…

September 20, 2011

Salave gold project progressing as National Bank targets $3.30 share price

Astur Gold's Salave gold project in northern Spain got a boost last week when National Bank initiated coverage on the Vancouver-based junior explorer.

September 20, 2011

New load-sharing releasable backstop for conveyor systems

altra142_stieberbackstop-smal.jpg Stieber Clutch has expanded its range of load sharing backstops with the introduction of the RSRT releasable backstop. In conveyor systems, when there is a blockage, belt jam or…