Copper-rich north Chile hit by heavy rains, ops continue

Chile's arid Atacama desert, home to several of the world's key mines, has been experiencing heavy rains but copper miners Collahuasi and Cerro Colorado say operations have been little affected.

Mineweb | March 13, 2012 | 2:15 pm

South African gold production continues to plunge

Once the world's biggest gold producer by a huge margin, South Africa's gold production is continuing to dive with an 11.3% fall year on year in January, following an 8.2% drop in December.

Mineweb | March 13, 2012 | 11:27 am

Mining companies may be losing $130bn annually to fraud – UK study

A PKF/University of Portsmouth Centre for Counter Fraud Studies report suggests mining companies' haste for social acceptance in developing nations could cost them dearly.

Mineweb | March 13, 2012 | 5:50 am

Freeport McMoRan resumes work at Grasberg gold/copper mine

The company resumed work at its massive Grasberg mine as expected on Monday for the first time since a suspension on Feb 23.

Mineweb | March 12, 2012 | 12:23 pm

Crandall Canyon victims’ families call plea bargain deal ‘a slap in the face’

"I can't believe what the [U.S. Attorney] did. We are emotional and at a loss for words. I wish they had not done anything. It would have been better than this"-- victim's sister Gayle McDonald.

Mineweb | March 12, 2012 | 6:41 am

Does gold rise with inflation or is it just rising anyway?

With serious inflation seen as inevitable by most analysts perhaps now is the time to buy gold as an inflation hedge - but data shows that gold has been moving up regardless since it was freed from its fixed $35/oz price in 1971.

Mineweb | March 11, 2012 | 9:32 pm

South Africa goes big on nuclear a year after Japan’s Fukushima

Chances to build reactors grew fewer after the Fukushima accident, with many developed states trying to wean themselves off nuclear, but South Africa plans to issue a tender for one of the world's biggest atomic power deals soon.

Mineweb | March 9, 2012 | 2:47 pm

Gold and silver fighting back on improved Asian demand and likely Greek bond settlement

Gold moved back over $1700 and silver over $34 in morning trade today as there were signs of a pick up in eastern demand and the increased likelihood that the Greek bondholders would accept the 70% ‘haircut'.

Mineweb | March 8, 2012 | 11:56 am

Indonesia mine rule applies to all, not just aimed at Freeport – minister

The country's deputy energy and mining minister says the new regulation that changes the rules on foreign ownership of mines applies to all companies and is not aimed specifically at Freeport McMoRan.

Mineweb | March 8, 2012 | 11:27 am

Gold falls below 200-Day Average – Technical analysts point below $1600

Gold briefly fell below its 200-day moving average yesterday causing some analysts to see further substantial downside risk - to as low as $1591

Mineweb | March 7, 2012 | 2:07 pm

Antofagasta CEO steps down with immediate effect

The copper miner says Marcelo Awad had resigned with immediate effect and will be temporarily replaced by chairman Jean-Paul Luksic until a successor is appointed.

Mineweb | March 7, 2012 | 1:50 pm

Glencore raising new $6bn loan – extending existing too

Swiss commodities trading powerhouse Glencore is raising a $6 bn syndicated loan in connection with its Xstrata merger and also extending an existing $11.85 bn of existing loans.

Mineweb | March 7, 2012 | 1:43 pm

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