MINING.COM

Lukoil Said to Spend $1 Billion to Open Diamond Mine Next Year

OAO Lukoil (LKOH), Russia’s largest non- state oil producer, plans to start a diamond mining project next year after investing about $1 billion in a possible challenge to OAO Alrosa (ALRS)’s monopoly, said two people familiar with the matter.

Bloomberg News | March 16, 2012 | 5:27 am

Vale, Newmont Retain Appetite for Indonesia Mines Amid Stake Cut

Global companies led by Vale SA (VALE5) and Newmont Mining Corp. (NEM) plan to invest in Indonesia’s mines, undeterred by a new rule cutting foreign ownership, as they hunt for resources in the world’s biggest exporter of tin and thermal coal.

Bloomberg News | March 15, 2012 | 11:30 am

Uralkali cutting Potash output 40%

OAO Uralkali, the world’s biggest potash producer by output, is cutting first-quarter production by about 40% from a year earlier after China and India postponed purchases and may further reduce a 2012 target.

Bloomberg News | March 14, 2012 | 12:22 am

Elemental to Raise $1.7 Billion Next Year to Mine Potash

Elemental Minerals Ltd. (ELM), owner of a potash project in the Republic of Congo, plans to raise about $1.7 billion next year to develop production by 2015, Chief Executive Officer Iain Macpherson said.

Bloomberg News | February 20, 2012 | 8:01 pm

Making Sure That Valentine Diamond Isn’t Tainted by Blood: View

It being the feast of Saint Valentine, today is a favored moment to give or receive that ultimate lovers’ gift: a diamond. This year, however, isn’t a good one for those who want to know for sure that the stone’s origins are above reproach.

Bloomberg News | February 16, 2012 | 9:57 pm

Chile Drought Threatens Power at Mines as Reservoirs Dwindle

Chile’s two-year drought has reduced water levels at reservoirs that supply power dams to 40 percent of capacity, threatening electricity generation for the country’s copper mines.

Bloomberg News | February 15, 2012 | 7:51 pm

Zinc Glut Expanding to Almost Two-Decade High Threatens Rally

The largest glut of zinc in almost two decades is threatening to curtail a rally in prices as record production expands inventories to the highest since at least 1984.

Bloomberg News | February 14, 2012 | 7:14 am

Uralkali Ready to Cut Potash Output to Protect 45% Price Gain: Commodities

OAO Uralkali (URKA), Russia’s biggest fertilizer maker, is ready to cut production to prevent potash prices from falling after Potash Corp. of […]

Bloomberg News | January 25, 2012 | 5:16 pm

Harper Builds Oil Links With China After Obama ‘Slap’ on Keystone Pipeline

Prime Minister Stephen Harper is gaining support among Canadians for his plan to ship oilsands crude to China after President Barack Obama rejected TransCanada Corp. (TRP)’s $7 billion Keystone XL pipeline to the U.S. Gulf Coast.

Bloomberg News | January 25, 2012 | 5:37 am

Nickel Rises on Signs Demand to Top Supply: Commodities at Close

The Standard & Poor’s GSCI Spot Index of 24 raw materials rose 0.4 percent to close at 659.77 at 4:27 p.m. in New York, led by nickel.

Bloomberg News | January 20, 2012 | 1:29 am

Bulgarian coal miners strike over unpaid bonus

Thousands of miners at Bulgaria's three largest coal mines walked off the job Monday, claiming that employers are not delivering on their promise of bonuses.

Bloomberg News | January 18, 2012 | 11:17 pm

Five Rare Earths Crucial for Clean Energy Seen in Short Supply

Limited supplies of five rare-earth minerals pose a threat to increasing use of clean-energy technologies such as wind turbines and solar panels, a U.S. Energy Department report found.

Bloomberg News | January 8, 2012 | 8:32 pm

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