MINING.COM

Molycorp adjusted profit rises on rare earth prices

Rare earth miner Molycorp Inc posted a sharp rise in adjusted quarterly profit on Thursday that topped analyst forecasts as both realized prices and sales volumes climbed.

Reuters | May 11, 2012 | 6:09 pm

Vale invokes force majeure at nickel project

Vale, the world's second-biggest nickel producer, said on Thursday it would suspend sales and purchase agreements at its Goro project on the French Pacific island of New Caledonia after an accident at the mine's sulfuric acid plant.

Reuters | May 11, 2012 | 5:45 am

Australia’s Northern Iron surges on Indian bid report

India's Aditya Birla group has submitted a non-binding bid for Australian-listed iron ore miner Northern Iron Ltd, a newspaper report said, sending shares of the target firm up 19 percent to a six month high.

Reuters | May 10, 2012 | 5:36 am

Will graphite go the way of rare earth?

Louis James, a mining investment strategist at Casey Research's office outside Seattle, first started to hear the odd question about graphite a year ago.

Reuters | May 9, 2012 | 10:44 pm

Mughal “Mirror Diamond” necklace on sale for $20 million

A "Mirror Diamond" necklace bearing five Mughal empire pendant diamonds with emerald drops has been offered for private sale at a price of $20 million, auction house Bonham's said on Monday.

Reuters | May 1, 2012 | 5:37 pm

Sierra Club continues Kemper coal-plant legal battle

Sierra Club officials in Mississippi are continuing a legal fight to stop construction of a $2.88 billion coal-gasification power plant by a Southern Co utility in Kemper County, Mississippi.

Reuters | April 30, 2012 | 8:02 pm

Anglo Asian finds gold at Azeri Ordubad mine

Anglo Asian Mining said it had discovered gold at Ordubad mine, boosting its prospects for gold production in Azerbaijan, where it plans to increase production to over 300,000 ounces of the precious metal per year by 2015.

Reuters | April 23, 2012 | 10:36 pm

Glencore takeover of Viterra may close in July

A takeover of Canada's biggest grain handler, Viterra Inc, by Glencore International PLC , should close by the end of July if it receives the required approvals, Viterra said on Monday.

Reuters | April 23, 2012 | 6:17 pm

Peru’s Humala says Newmont mine project needs work

Peruvian President Ollanta Humala said on Friday that U.S.-based Newmont Mining should carry out a more ambitious environmental mitigation plan if it hopes to build its $4.8 billion Conga gold mine project.

Reuters | April 20, 2012 | 11:49 pm

Mongolia’s ‘ninja’ miners help sate China’s lust for gold

In a hot, concrete hut filled with acetylene fumes, an elderly Mongolian miner struggles to contain her excitement as she plucks a sizzling inch-long nugget of gold from a grubby cooling pot and raises it to the light.

Reuters | April 19, 2012 | 9:18 am

United States as a top coal exporter is here to stay

The United States’ new status as a top world coal exporter will survive as miners struggle to stay in business by chasing foreign sales after the collapse of a domestic market decimated by a glut of cheap gas.

Reuters | April 19, 2012 | 4:20 am

China to launch crude oil futures this year: Xinhua

China is expected to begin trading in crude oil futures within the year, a senior government official said on Wednesday, as the world's second-largest oil consumer and crude buyer aims to increase its say in oil pricing.

Reuters | April 18, 2012 | 12:02 pm

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