Vale’s Carborough Downs declares force majeure

Vale SA announced that Carborough Downs, the Company's metallurgical operations in Central Bowen Basin, Queensland state, Australia declared major force (FM) as of May 31, 2012., after the detection of abnormal levels of carbon monoxide in the mine.

Reuters | June 1, 2012 | 10:54 am

Prophecy of diamonds keeps Israeli firm digging

Somewhere in the Carmel hills of northern Israel, diamond exploration company Shefa Yamim hopes to uncover the exact spot where faith meets science.

Reuters | May 30, 2012 | 3:14 pm

Singapore iron ore platform off to brisk start

Miner BHP Billiton sold two cargoes of iron ore via the GlobalOre trading platform that debuted on Wednesday, traders said, heralding the start of competition with top iron ore importer China's efforts to set an industry price benchmark.

Reuters | May 30, 2012 | 12:29 pm

Gold falls over 1 pct in heavy volume, euro slides

Gold fell 1 percent in active trade on Tuesday, as the euro's slide on worries over Spain's debt prompted investors to sell the precious metal along with other dollar-sensitive commodities.

Reuters | May 29, 2012 | 8:24 pm

Centrex boosts iron ore reserves in new Australia frontier

Iron ore company Centrex Metals on Friday more than tripled the estimated reserves at its prospect in southern Australia, a growing zone for new iron ore sources that is attracting increasing interest from Asian steel mills.

Reuters | May 28, 2012 | 8:59 pm

Talvivaara may not expand if hit by tax: report

Finnish mining company Talvivaara (TLV1V.HE) (TALV.L) may halt plans to expand its nickel mine if Finland levies new taxes on mining as punishment for environmental problems, Talvivaara chief executive told weekly newspaper Tekniikka&Talous.

Reuters | May 28, 2012 | 8:55 pm

Collahuasi copper mine resumes after worker death

The world's No. 3 copper mine, Chile's Collahuasi, is gradually resuming mining operations following the accidental death of a worker late Saturday, spokeswoman Bernardita Fernandez told Reuters on Sunday.

Reuters | May 28, 2012 | 8:43 pm

Argentina targets mining firms in import crackdown

Argentina's government tightened controls on imports of equipment and supplies by mining companies on Monday in a new measure to boost the trade surplus and foreign currency stocks.

Reuters | May 28, 2012 | 7:52 pm

Forsys Metals plans bigger Namibia uranium mine

Canada's Forsys Metals Corp says it may be able to boost its uranium reserves in Namibia by 30 percent as it consolidates its two projects in the southern African nation into one mine development.

Reuters | May 25, 2012 | 10:00 pm

Adani Australia head quits amid $11 bln coal project delay

The Australian head of Adani Enterprises quit this week amid delays in getting approval for the Indian company's A$10.9 billion ($10.9 billion) coal and rail projects in Queensland.

Reuters | May 19, 2012 | 10:19 pm

China’s stricter emission rules lift palladium demand

China's autocatalyst palladium demand in 2011 rose 11 percent, outpacing single-digit growth in car sales as stricter emission regulations forced carmakers to use more platinum group metals, refiner Johnson Matthey said on Monday.

Reuters | May 15, 2012 | 5:30 am

Diamond prices seen up in 2012 on sparkling demand

Prices of rough diamonds are expected to rise this year after a turbulent 2011, driven by recovering consumer demand in the United States and a robust appetite for the gems in Asia, the head of the World Diamond Council (WDC) told Reuters on Monday.

Reuters | May 15, 2012 | 4:57 am

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