July 17, 2011

Russia fighting for right to mine mid-Atlantic minerals

Russia will seek to secure a priority right for the explored ocean minefields in the Atlantic says Polar Marine Geological Prospecting Expedition Vladimir Kryukov following the first stage of ore…

July 17, 2011

Citic Pacific’s budget blown as WA ore project costs soar

The Australian reports China-backed Citic Pacific's $US5.2 billion West Australian iron ore project has been hit with a $US900 million budget blowout in another sign of growing costs in the…

July 17, 2011

Karnataka iron ore exports delayed

State government is putting in place RFID tags, smart cards to regulate movement of ore traffic.Exports of iron ore from Karnataka are likely to be delayed by over three months,…

July 17, 2011

LME will double metal deliveries to ease Detroit backlog

The London Metal Exchange (LME) will double the amount of metal required to be delivered from the biggest stockpiles to ease a backlog in Detroit, home to a quarter of…

July 17, 2011

BC Conservatives: mine project offers prosperity

BC Conservatives Leader John Cummins visited 100 Mile House recently, and had a lot to say about the Prosperity Mine in the Chilcotin. The issues with the proposed gold and…

July 17, 2011

Whatever happens, commodities win: Jim Rogers

Over the weekend Jim Rogers told CNBC: "If the world economy gets better, I earn money on commodities. If the global economy gets worse then they will print more money…

July 17, 2011

Swatch CEO: ‘Bring us a diamond mine’

"As the fifth-biggest consumer of diamonds, a stake in a diamond mine would be interesting," the CEO of Swatch Group, Nick Hayek told the Finanz und Wirtschaft newspaper on Saturday.…

July 17, 2011

23 dead as rescue work ends in flooded China coal mine

Rescue work in a flooded coal mine in Guizhou Province has been terminated, 14 days after a flood trapped 23 workers underground. The rescue work in Niupeng Mine, located in…

July 17, 2011

Apprentices recognised at state awards

First year Metalliferous Mining Operations apprentice Kieran Punch was awarded the Aboriginal and Torres Strait Islander student of the year award for his dedication in the Xstrata Skills Centre. It's…

July 17, 2011

Zimbabwe Chiadzwa diamond fields watchdog rejected by mines minister

Mines Minister Obert Mpofu has rejected the monitor nominated by civil society to oversee operations at the Chiadzwa diamond fields, saying the appointment is null and void. The proposed watchdog…