Markets single - MINING.COM

Markets single - MINING.COM

Copper $ 5.882 / lb 2.62%

Brent Crude Oil $ 68.05 / bbl 0.95%

Palladium $ 1741.2 / ozt 6.66%

Crude Oil $ 63.55 / bbl 0.71%

Natural Gas $ 3.422 / Btu -2.70%

Silver Futures $ 76.895 / ozt 9.29%

Aluminum Futures $ 3018.25 / ton 2.29%

Micro Gold Futures $ 4979.8 / ozt 3.66%

Micro Silver Futures $ 76.895 / ozt 9.21%

Platinum $ 2099.4 / ozt 5.77%

Gold Futures $ 4979.8 / ozt 3.75%

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Meet China’s new rare earth mega-company

China is delivering on its promise to consolidate its mining industry with the formation of a new rare earth mega miner, the new “mega-corporation” will “team up” with rare earth producers in the provinces Shandong, Gansu and Sichuan.

MINING.COM Staff Writer | August 9, 2012 | 7:30 pm

Gabriel Resources up 17% as big bets placed Rosia Montana is happening

Shares of Gabriel Resources climbed 17.7% in heavy volumes on Thursday, bringing its gains since last Friday to 32% as ongoing turmoil in Romanian politics are being interpreted as positive for the Canadian company's plans to build a massive gold mine in Transylvania.

Frik Els | August 9, 2012 | 7:23 pm

Long-suffering Kinross investors welcome cost-cutting chief

"This promotion is consistent with a renewed focus on operational fundamentals, delivering on key metrics at our sites, and reducing costs across our operations and projects."

Frik Els | August 9, 2012 | 5:59 pm

Randgold posts record production from its Mali mine despite unrest

Gold producer Randgold Resources posted today strong results for its second quarter production and profits, despite the ongoing political turmoil in Mali – where it extract two-thirds of its gold output.

Cecilia Jamasmie | August 9, 2012 | 5:31 pm

Federal Government Extends Funding of Aboriginal Mine Training Association

The British Columbia Aboriginal Mine Training Association (BC AMTA) will get an additional amount of $10 million funding over 3 years from […]

Susanne Iberle | August 9, 2012 | 5:31 pm

Mining equipment maker Bradken shy on investments despite record profit

Australian industrial equipment maker Bradken said it would take a careful approach to spending in the face of "limited visibility" caused by the global economic woes.

Cecilia Jamasmie | August 9, 2012 | 4:18 pm

Mine Site Technologies opens new global headquarters in Sydney

Mine Site Technologies (MST) has officially opened its new global headquarters facility in Sydney, NSW, Australia.

Mine Site Technologies | August 9, 2012 | 3:38 pm

Goldcorp appoints new chief operating officer

Canadian miner Goldcorp appointed George Burns as the new executive vice president and chief operating officer. Burns replaces Steve Reid, who is leaving the company to pursue other interests.

Cecilia Jamasmie | August 9, 2012 | 3:18 pm

Glencore gets a bigger piece of the iron ore pie with Bellzone’s output offtake

Shares of iron miner Bellzone were on the rise this morning after the company agreed to sell all of its share of output from the Forecariah mine in Guinea to commodities trading giant Glencore.

Cecilia Jamasmie | August 9, 2012 | 2:16 pm

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