September 28, 2012

Chile copper production up 7.8% YoY

Chile's copper production rose 7.8% YoY in August to 462,643 tonnes. Chile, the world's largerst copper producer, produced 414,339 tonnes of copper in July, corresponding to a 9.8% YoY increase…

September 28, 2012

NASA takes asteroid mining seriously; funds viability study

Only five months after Google’s billionaire co-founders and filmmaker James Cameron officially launched their asteroid mining focused Planetary Resources company, the U.S. National Aeronautics and Space Administration (NASA) is funding…

September 28, 2012

Colombia renews controversial mining contract with BHP

The debated contract, that has Colombian authorities divided over the terms under which BHP Billiton should operate the Cerro Matoso nickel mine, found a momentary solution this week after the…

September 28, 2012

Crazy Horse Resources Inc.: completion of pre-feasibility study on Taysan copper-gold project

The pre-feasibility study was completed on the company's Taysan copper-gold project located on Luzon Island, Philippines.

September 27, 2012

Friedland’s Ivanplats IPO: ‘It’s a gun to the head’

If Ivanplats's $165 million worth of bonds are not redeemed for stock, rates on the debt soars to credit card-like repayments of just under 19% on November 10 and to…

September 27, 2012

Norilsk Nickel looks to acquire PGM licenses in Africa despite risk

At the Russia Investment Summit, Norilsk Nickel CEO Vladimir Strzhalkovsky said the company looks to obtain licenses for platinum group metals deposits in South Africa to increase its resource base.

September 27, 2012

Philex Mining could face more penalties, but refuses to pay

Philippines-based Philex Mining Corp. (PX:PM), the country's biggest miner, may have to pay fines for violations of the Clean Water Act and the company’s own Environmental Compliance Certificate (ECC), the…

September 27, 2012

Survey: Finland is top mining destination, Mexico jumps 16 places

Australia's Dragon Mining announced the discovery of a promising new area of gold deposits in Kuusamo, Finland, only hours after the country was announced as the top destination for mining…

September 27, 2012

Anglo Asian pre-tax profits hurt by harsh weather

Gold, copper and silver producer Anglo Asian Mining posted Thursday pre-tax profits of $10.5 million for the six months to the end of June - down from $14.2 million a…

September 27, 2012

BHP hopes for an extension to Olympic Dam expansion plan

BHP Billiton, the world's number one miner, has put its $30 billion Olympic Dam copper-uranium expansion back in the spotlight by asking South Australia state for a 46-month extension for…