Rio Tinto is cutting even more coal mining jobs in Australia as the miner is struggling with a dramatic plunge in coal prices and a high Australian dollar.
An exceptional number of mineral claims have been filed in British Columbia, Canada, over the last three years and more than 11,000 were filed in the first seven months of 2012.
Norwegian Norsk Hydro, one of the world's top aluminum producers, is selling its aluminum remelt plant in Taiwan to Ting Sin Metal Co. Ltd for an unrevealed amount, the company said in a statement on Monday.
Researchers in the University of York' s Green Chemistry Centre of Excellence and the Centre for Novel Agricultural Products (CNAP) are giving a whole new meaning to the concept of “green mining,” as they said Friday they will develop a technique called "phyto-mining," which uses plants to extract platinum group metals (PGM) discarded during mine processing.
Diversified miner Xstrata (LON:XTA) and commodities trader Glencore International (LON:GLEN) have now until October 1 to decided on the $36 billion lauded merger.
Shares in diamond exploration and development company DiamondCorp PLC (LON:DCP) went up over 24% in early trade Friday after the group struck a financing deal that will meet more than three-quarters of the costs of its Lace mine project in South Africa.
Rio Tinto’s flagship $5.2 billion copper-gold Oyu Tolgoi mine in Mongolia near the Chinese border – one of the biggest mining projects in the world – is practically ready to go, except for one “detail”: it needs power supply to kick-start operations.
The Archduke Joseph Diamond, a 76-carat gem considered one of the most renowned worldwide, may be sold for more than $15 million in Geneva on Nov. 13, the world's largest auction house Christie’s said on Friday.
Canada's Barrick Gold has temporarily suspended operations at its Pierina mine in Northern Peru after violence between a nearby community and police left one person dead and four seriously injured.
