MINING.COM

Indonesia’s December tin exports down 9.2% on last year

2010 tin ore supply curtailed by heavy rain and floods. Analysts expect reduction in exports to continue in 2011. JAKARTA (Reuters) - Indonesia's refined tin exports fell 9.2 percent in December 2010 from the same month in 2009 while the full-year

Mineweb | January 10, 2011 | 4:43 am

Norway’s Orkla rumoured to sell Elkem metals unit to China’s BlueStar

Deal delayed to allow time for dust to settle after Nobel Peace Prize controversy, says Norwegian newspaper Dagens Naeringsliv.

Mineweb | January 10, 2011 | 3:09 am

Pakrut gold project BFS formally approved – Chinese funding triggered

Kryso Resources (LON:KYS) has formally approved the bankable feasibility study (BFS) for the Pakrut gold project in Tajikistan. As a result its Chinese partner China Nonferrous Metals International Mining (CNMIM) now has three months to secure the

Mineweb | January 10, 2011 | 2:30 am

Gold traders in India stock up after drop in prices

Gold buying continues in India. Harvest festival and wedding season sees traders equip themselves for demand. Indian rupee remains steady. MUMBAI (Reuters) - India's gold buying continued on Monday afternoon after prices fell 1.8 percent in the previous

Mineweb | January 10, 2011 | 1:53 am

Avalon Minerals to raise $10.4M via placement and fully underwritten rights issue

Overview Placement to raise approximately A$4.1million at a price of 18 cents per share Fully underwritten one for five non-renounceable Entitlements Issue at 18 cents per share to existing shareholders Existing shareholders may also apply for a

Mineweb | January 10, 2011 | 1:03 am

Xstrata on course to win Colombian mine auction?

Sunday Times reports Xstrata near to buying one of Colombia's biggest coal miners, currently owned by US group Drummonds. Xstrata remains tight-lipped over prospective acquisition. London-listed miner Xstrata is close to winning the $8 billion auction

Mineweb | January 10, 2011 | 12:18 am

Vanadium demand could rise sharply with use in lithium batteries

Vanadium demand is ramping up. Vanadium is mostly used to strengthen steel, but the metal could see its demand dramatically increase in lithium-vanadium cells for batteries.

Mineweb | January 8, 2011 | 4:00 am

Record gold output could put 2010 China consumption at 600 tonnes

Chinese 2010 gold output is estimated by government sources at around 340 tonnes for 2010, a new record, suggesting the country's total consumption may have reached close to 600 tonnes. China, already the world's largest gold producer, looks to have

Mineweb | January 8, 2011 | 2:39 am

Germany asks China to reconsider rare earth restrictions

China's rare earths policies were a topic of discussion during the Chinese Vice Premier's trip to Germany, the German minister's spokesperson said. German Economy Minister Rainer Bruederle has asked Chinese Vice Premier Li Keqiang to reconsider planned

Mineweb | January 7, 2011 | 11:12 am

AngloGold and De Beers to spend $40 million on undersea gold hunt

AngloGold Ashanti and its associate company De Beers (which already has substantial undersea diamond mining expertise) are putting $40 million towards a search for gold under the Atlantic It is perhaps the biggest global gold hunt under the waters.

Mineweb | January 7, 2011 | 7:08 am

Tournigan Reports 94% uranium recovery from Kuriskova test work

Vancouver, British Columbia--Tournigan Energy Ltd. (TVC: TSX-V; TGP: Frankfurt) today reported high recoveries of both uranium and molybdenum from metallurgical test work conducted by Hazen Research, Golden, Colorado. The results indicate uranium and

Mineweb | January 7, 2011 | 5:10 am

Lake Shore’s Timmins gold mine exceeding production targets

Lake Shore Gold declared commercial production at its Timmins Mine as of New Year's Day. RENO, NV - Toronto's Lake Shore Gold (TSX: LSG) Thursday announced it had declared commercial production at the Timmins Mine with 12,300 ounces of gold produced in

Mineweb | January 7, 2011 | 1:54 am

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