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…

September 19, 2011

NDP tells Saudis to mind their own business

OTTAWA - While the NDP is no fan of Alberta's oilsands, it's also not keen on Saudi efforts to get pro-oilsands ads off the air. "I think the Saudis probably…

September 19, 2011

Indian state may equip mining trucks with RFID tags to tackle illegal mining

The Indian state of Goa is looking to technology as a way to prevent the illegal transport of iron ore. The Times of India reports that the Goa government is…

September 19, 2011

Short-sellers level new charges against Silvercorp

Short-sellers increased their pressure on Silvercorp Metals Inc. (SVM-T). In a posting on alfredlittle.com, the short-sellers accused China-focused Silvercorp of inflating earnings, and offered more details on earlier allegations against…

September 19, 2011

Canadian base metal miners tumble as copper drops

(Reuters) - Shares of Canadian base metal miners tumbled on Monday as copper prices slid to their lowest level this year on economic jitters and the lingering threat of a…

September 19, 2011

Shelron Group signs MOU for African gold project

A Memorandum of understanding was signed between Shelron Group and a Tanzanian company that owns a gold prospecting license in the Republic of Tanzania.