September 13, 2011

Copper lifted off 1-month lows as China comes to rescue of Italy

London copper prices rose 1.3% to $8,869.50 a tonne n Tuesday on reports that China could bolster Italy's flagging economy by buying its bonds. In the previous session, copper –…

September 13, 2011

Aluminum threatens to overtake steel in auto manufacture

Industry Week reports that according to the Aluminum Association, the use of aluminum in automobiles has the potential to reach record highs by 2012. Steelmakers have led the way to…

September 13, 2011

Sunridge signs exclusive heavy oil recovery technology arrangement

Sunridge Energy has signed a binding letter agreement with private US based Current Environmental Solutions (CES). The agreement gives Sunridge a five year exclusive license to use CES’s proprietary technology…

September 13, 2011

Dealing with a lack of water for process plants

water.jpg Snowden has recently completed a feasibility study for a gold ore processing project. The project is located in a hot desert climate without any good and acceptable, available water…

September 13, 2011

UBS buys and transfers in 22.6m Guildford Coal shares

UBS AG bought and transferred in a net 22,680,060 Guildford Coal Ltd shares between May 10, 2011 and September 8, 2011, becoming a substantial holder with 22,680,060 shares (5.43%).

September 13, 2011

Australia assures Malaysia of Lynas rare earth safety

Western Australian Minister for Mines and Petroleum Norman Moore, who is responsible for initiating the single biggest overhaul of Western Australia’s mining industry’s occupational health and safety system, assured Malaysians…

September 13, 2011

Rio Tinto invests $310 million for Pilbara iron ore coastal water project

rio-tinto-mine-in-pilbara.jpg Rio Tinto will invest $310 million to assure a sustainable water supply for its iron ore operations in the Pilbara region of Western Australia, ensuring a sufficient resource to…

September 13, 2011

FLSmidth acquires mill gear manufacturer Darimec

lgd_1.jpg FLSmidth MAAG Gear has signed an agreement to acquire a 100% shareholding in the Italian company Darimec, a highly specialised gear manufacturer which develops and produces girth gears, pinions…

September 12, 2011

Analysts see gold falling below $1,700 in September

Bloomberg reports gold may decline to below $1,700 an ounce in September before climbing to an all-time high of $2,000 in October as the metal extends its longest rally in…

September 12, 2011

Silvercorp 2011 losses hit 40% after stock plunges again

Shares in China-focused miner Silvercorp Metals slumped over 7% on Monday after British Columbia security regulators said they were joining the investigation into an anonymous letter accusing the company of…