Cecilia Jamasmie , Editor-in-Chief

Xstrata closes nickel mine in Australia

Diversified miner Xstrata (LON:XTA) announced Wednesday it is suspending operations at its Cosmos nickel mine in Western Australia, as nickel prices have plummeted dramatically.

Cecilia Jamasmie | September 26, 2012 | 2:13 pm

South African strikes far from over: AngloGold Ashanti closed

AngloGold Ashanti (NYSE:AU) was hit by the mining unrest spreading through South Africa again Tuesday night, as strikers halted all of its operations in the country, which account for 32% of the multinational's total gold production.

Cecilia Jamasmie | September 26, 2012 | 1:36 pm

Scotland turns whisky ‘leftovers’ into biofuel for cars

In what is claimed to be a world first, a Scotland-based independent malt whisky producer will start using bacteria to feed on the "leftovers" from the booze making process in order to produce fuel for cars.

Cecilia Jamasmie | September 25, 2012 | 6:10 pm

Indian oil giant said it never offered $5 billion for Canadian oil sands

State-own Indian oil company Oil and Natural Gas Corp. (ONGC) denied Tuesday that, together with two other state-run oil firms, bid $5 billion for a stake in six Canadian oil sands assets owned by U.S. energy giant ConocoPhillips, as several media outlets reported Monday.

Cecilia Jamasmie | September 25, 2012 | 4:56 pm

Rio Tinto sells South African coal assets to Canadian company

If you had any doubts over what mining giant Rio Tinto (ASX, LON:RIO) thinks about coal and small operations, today’s news should make it clear. The Anglo-Australian miner has agreed to sell two minor coal assets in South Africa to Canadian Forbes & Manhattan Coal for $53 million

Cecilia Jamasmie | September 25, 2012 | 4:00 pm

Sberbank of Russia enters the potash business in Belarus

Sberbank of Russia will take part in a project to mine a potash deposit in Belarus, as the financial institution confirmed Tuesday the refinancing of the $1 billion loan issued to the Belarusian company Belaruskali, responsible for one-third of the world’s production of the fertilizer.

Cecilia Jamasmie | September 25, 2012 | 3:06 pm

Caterpillar falls after lowering its outlook for 2015

Shares in Caterpillar Inc (NYSE:CAT), the world's largest earth-moving equipment maker, fell 2.2% after hours as the company cut its 2015 profit outlook. The company warned weaker commodity prices would result in a bigger-than-expected decline in demand, worsened by mining companies scaling back expansions and shelving major projects.

Cecilia Jamasmie | September 25, 2012 | 1:02 pm

Brazil’s Batista about to get richer – will sell 49% stake in AUX to Qatar

Brazilian billionaire Eike Batista, number one on MINING.com's list of the world's wealthiest miners, is about to get even richer as the tycoon is in talks to sell a 49% stake in his gold mining company, AUX, to Qatar Holding, the investment arm of that country's sovereign wealth fund.

Cecilia Jamasmie | September 24, 2012 | 6:34 pm

China to help Venezuela develop one of world’s largest gold mines

China and Venezuela have signed an agreement to jointly develop Las Cristinas gold mine, one of the world’s largest deposits of the shiny yellow metal, located near a town bearing the name of the mythical golden city of El Dorado.

Cecilia Jamasmie | September 24, 2012 | 5:36 pm

Divisive contract to exploit Lithium in Chile granted to local SQM

Chile’s Chemical and Mining Society (SQM), the world’s largest lithium producer, has won a tender to develop a lithium concession in the country, which produces nearly 40% of the increasingly popular metal.

Cecilia Jamasmie | September 24, 2012 | 3:55 pm

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