MINING.COM

Harry Winston sets Diavik mine’s value at $2.6 billion

Toronto-based jeweller Harry Winston Diamond, which is looking to become the sole owner of Rio Tinto’s Diavik Mine, in Canada's Northwest Territories, said the mine has another 11 years to go and a current net value of $2.6 billion.

Cecilia Jamasmie | August 20, 2012 | 6:37 pm

India’s state-owned rare earth miner heading for Odisha’s beaches

The identified area is the second coastal stretch in Odisha, where deposits of rare earth minerals have been found.

Frik Els | August 20, 2012 | 6:16 pm

Molycorp steadies itself after another brutal sell-off

Molycorp recovered somewhat on Monday after a brutal Friday when the rare earth miner was beaten down 11.8% – it was also one of the most actively traded stocks on the NYSE – after an analyst raised doubts about its Mountain Pass mine ramp-up plans.

Frik Els | August 20, 2012 | 5:46 pm

Panama Canal expansion to change dynamics of commodity trade

When the third lane opens the canal's capacity will more than double. The largest ships will carry as many as 13,200 containers -- at least double the dry weight of bulk cargo that can pass through today.

Cecilia Jamasmie | August 20, 2012 | 5:28 pm

Montana coal mining related protests reach the Capitol, no major impact

USA’s second-largest coal producer, Arch Coal, has drawn protests from activists and locals after announcing it had applied for a permit in Montana to begin tapping its massive Otter Creek coal strips.

Cecilia Jamasmie | August 20, 2012 | 4:37 pm

Franco-Nevada injects $1 billion into Inmet’s copper project

Canada’s Franco-Nevada has committed a whopping $1 billion to support the development costs of Inmet's massive Cobre Panama copper project in exchange for a future precious metals stream.

Cecilia Jamasmie | August 20, 2012 | 3:53 pm

Australia’s Queensland coal industry hits new wall as Yancoal reviews expansion

Already running at a loss or struggling to stay in the black, most thermal coal mines in Australia's Queensland are now facing additional challenges as exports drop and major projects wind back.

Cecilia Jamasmie | August 20, 2012 | 2:51 pm

Germany’s coal revival to boost energy change

A 2200 MW coal power plant opened in Cologne is being lauded for aiding Germany’s transition from nuclear power to renewables.   

Cecilia Jamasmie | August 20, 2012 | 1:57 pm

Chile’s Codelco to win big in agreement with Anglo

If everything goes as planned, at the end of this week Chile’s Codelco and Anglo American will sign a long-awaited agreement that would end one of the biggest business disputes in recent decades.

Cecilia Jamasmie | August 20, 2012 | 1:00 pm

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