MINING.COM

Teck Resources down 5% after profits more than halve

The diversified miner suffered lower realized prices across the board with copper down 14% to $3.57 a pound, its realized coal price was 26% below Q2 2011 at $202 a tonne. Zinc (-15%), silver (-24%), lead (-22%) and molybdenum (-18%) prices all declined.

Frik Els | July 25, 2012 | 4:59 pm

Suncor to delay joint venture oil sands projects

Billions of dollars in joint venture projects with partner Total E&P Canada will be delayed, said Suncor Energy’s new chief executive Steve Williams on Wednesday, as both companies are analyzing alternatives to improve their profitability.

Cecilia Jamasmie | July 25, 2012 | 3:35 pm

Miners buying existing projects rather than starting their own: study

Escalating costs and economic instability may be the two main reasons why mining companies worldwide are acquiring existing projects instead of starting their own, shows the latest report from global firm Ernst & Young.

Cecilia Jamasmie | July 25, 2012 | 2:46 pm

University of Utah: Center for Mining Safety and Health Excellence

The Department of Mining Engineering of the University of Utah houses the new created Center for Mining Safety and Health Excellence reports […]

Susanne Iberle | July 25, 2012 | 2:16 pm

Slowdown? What slowdown? Caterpillar’s best quarter in history

Caterpillar Inc (NYSE:CAT), the world's largest earth-moving equipment maker, raised its 2012 profit forecast on Wednesday based on its quarterly profit report, which beat by far most of Wall Street's gloomy outlooks.

Cecilia Jamasmie | July 25, 2012 | 1:35 pm

China amassing ‘absolutely shocking’ amount of gold

Storied money manager Stephen Leeb says China is acquiring as much gold as it possibly can in a spate of 'controlled desperation.'

Marc Howe | July 25, 2012 | 1:34 pm

G-Resources pours first gold at Indonesia’s Martabe mine

The Hong Kong-listed miner said on Wednesday that the start of production at Martabe marked a significant milestone for the company.

Cecilia Jamasmie | July 25, 2012 | 12:50 pm

Botswana Diamonds recovers first gem at Libongo project‎ in Cameroon

Botswana Diamonds has recovered a 2-carat, low value, near gem quality stone, which confirms the diamondiferous potential of the deposit.

Cecilia Jamasmie | July 25, 2012 | 12:39 pm

Haiti $20 billion untouched mineral wealth to help the country out of poverty

Two and a half years after an earthquake devastated Haiti, killing more than 300,000, the country could use a windfall to help in its rebuilding efforts. Now, thanks to its mineral wealth, Haiti could begin making its way out of being one of Latin America’s poorest countries.

MINING.com Editor | July 25, 2012 | 10:37 am

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