MINING.COM

Potash to Extend Production Cuts With Allan Mine Shutdown

Potash Corp. of Saskatchewan Inc. (POT), the world’s largest fertilizer producer by market value, will extend cuts in potash output as buyers of the crop nutrient delay purchases.

Bloomberg News | January 8, 2012 | 8:21 pm

NMDC may pay $300 million for Mozambique, Russian coal mines

NMDC Ltd., India’s largest iron ore producer, plans to acquire two coking coal mines in Mozambique and Russia for about $300 million to feed its planned steel plants in India.

Bloomberg News | January 5, 2012 | 7:16 pm

Copper rises as U.S. growth may make up for slowdown in China

Bloomberg News | December 30, 2011 | 2:41 pm

Diamond prices to rise over four years

Diamond prices are poised to rise for the next four years, outpacing gold, as increased spending on luxury goods in China, India and the Middle East outpaces supplies of the precious stone, analysts said.

Bloomberg News | December 28, 2011 | 11:38 pm

Russia Lawmaker Seeks China Partner for $1 Billion Zinc Mine

Russian lawmaker Mikhail Slipenchuk is seeking a Chinese investor for the $1 billion Siberian zinc deposit owned by his company IFC Metropol […]

Bloomberg News | December 23, 2011 | 3:56 pm

Freeport Cerro Verde, workers sign three-year labor accord

Freeport-McMoRan Copper & Gold Inc.’s (FCX) Peruvian unit, which ended a 61-day strike last month, said it signed a three-year labor accord with workers that will enable it to move ahead with a $3.5 billion expansion.

Bloomberg News | December 22, 2011 | 7:59 pm

Much-awaiting Virginia uranium mining report released

A highly anticipated National Academy of Sciences report on uranium mining concluded Monday that Virginia must overcome "steep hurdles" before it can assure that a rich deposit of the radioactive ore can be safely extracted and processed.

Bloomberg News | December 22, 2011 | 12:21 am

Rusoro may turn to arbitration to resolve gold mining dispute

Rusoro Mining Ltd. (RML) said it may file a claim against Venezuela in an international arbitration court if negotiations to resolve the nationalization of its assets aren’t resolved within six months.

Bloomberg News | December 18, 2011 | 7:11 pm

Norilsk sees platinum group metals demand rising 5% next year

OAO GMK Norilsk Nickel, the world’s biggest producer of nickel and palladium, predicts demand for platinum group metals will rise as much as 5 percent next year, exceeding increases of as much as 3 percent for copper and nickel, as the global economy avoids a slump as severe as that seen in 2008.

Bloomberg News | December 18, 2011 | 2:05 am