MINING.com Editor, Author at MINING.COM

Iron ore price up on hopes of recovering steel production in China

Steel industry fears demand has plateaud

Sunday's Financial Times asks the question: Has the age of “peak steel” – in which world steel annual output and demand reaches a plateau at about its current level of 1.5bn-1.6bn tonnes – finally arrived?

MINING.com Editor | July 8, 2012 | 5:37 pm

Argentina’s glaciers law won’t affect Pascua Lama: Barrick

Barrick Gold, the world's largest gold company, said a new ruling outlawing mining near glaciers in Argentina will not interfere with its Pascua-Lama mine, one of the world’s largest new projects targeting the precious metal.

MINING.com Editor | July 6, 2012 | 6:53 am

Tata Steel confirms commitment to equipment makers with investment at IJmuiden plant

Demonstrating its commitment to delivering differentiated products to its customers, Tata Steel has recently completed a significant investment in upgrading one of the coilers on the Hot Strip Mill at its IJmuiden plant in the Netherlands.

MINING.com Editor | July 5, 2012 | 2:10 pm

Namakwa Diamonds poised for next stage with new CEO and Kao mine progressing

The successful restructure of Namakwa Diamonds’ operations in Lesotho has turned the company's operations cash-flow positive, reduced costs and positioned the company for the next stage of development, said CEO Richard Collocott.

MINING.com Editor | July 3, 2012 | 3:44 pm

Commerzbank says gold will rise sharply in second half

Bargain hunters are supporting the price at current levels and renewed buying will boost the price towards the end of the year says Germany's second largest bank.

MINING.com Editor | June 29, 2012 | 4:32 pm

Chalice Gold shareholders approve Eritrea sale

Chalice stock jumped 7.3% on the ASX in Sydney on the news.

MINING.com Editor | June 29, 2012 | 4:16 pm

Chesapeake Gold sold off after Mexican project costs come in on (very) high side

Barclays: Commodity investors’ retreat is turning into a stampede

The speed and extent of recent commodity price falls suggest market participants are anticipating a severe deterioration in the macroeconomic outlook.

MINING.com Editor | June 25, 2012 | 10:33 pm

Caterpillar profit drops for second successive quarter due to weak mining demand

Caterpillar sales up 11% in 3 months to end of May

Strong demand for Caterpillar Inc.'s (NYSE:CAT) construction and mining equipment in North American continues to offset slow sales elsewhere in the world, as the company reported Wednesday an increase of 11% in global sales in the three months to the end of May.

MINING.com Editor | June 21, 2012 | 4:28 pm

China isn't slowing down, it's buying up

L&L Energy buys majority stake in Chinese coal mine

US-based L&L Energy, Inc. (NASDAQ: LLEN), a company with five-year track record of profitable coal operations in China, announced it has entered into an MOU to acquire the Lashu Mine in HeZhang County, Guizhou Province.

MINING.com Editor | June 18, 2012 | 4:23 pm

Australian clean coal institute ‘squandered’ $300 million, has ‘precious little’ to show

The since departed head of the institute which has staff of 78 was paid in excess of $500,000 per year and the organization racked up more than $54 million in "operational expenses" in the first two years including "conferencing in empire-style Parisian ballrooms" and being entertained by celebrity chefs in Tokyo.

MINING.com Editor | June 17, 2012 | 12:25 am