MINING.COM

Rio Tinto sells aluminum business for $185 million

In what it seems a move towards exiting the aluminum wire business, diversified miner Rio Tinto (LON & NYSE:RIO) announced it is selling its U.S.-based wire and cable business Alcan Cable to American company General Cable (NYSE: BGC) for $185 million.

Cecilia Jamasmie | May 22, 2012 | 12:41 pm

Pebble: The real issue is do we need yet another gold mine?

The highly politicised nature of the Pebble Mine and mining development in general in the area makes any statement dangerous.

Jack Caldwell | May 22, 2012 | 2:13 am

Copper off to the races after Wen comments

Copper saw a strong start to the trading week adding 1.8% following pro-growth comments by the Chinese premier Wen Jiabao over the weekend.

Frik Els | May 21, 2012 | 10:45 pm

Is post-Taylor diamond mining in Sierra Leone clean?

Charles Taylor, was convicted in April of war crimes for arming Sierra Leone's rebels in return for blood diamonds. Taylor is now awaiting sentencing and the BBC tries to find out if mining in the country is now “clean”.

MINING.com Editor | May 21, 2012 | 9:50 pm

As hedge funds reduce bullish bets on bullion to 2008 levels, $1,100 an ounce is called ‘realistic’

“People were beginning to believe that gold can stand up against all crises, but the last six months proved that theory wrong.”

MINING.com Editor | May 21, 2012 | 9:25 pm

Hard coal landing: Australia scraps $9 billion port expansion

The state government has scrapped plans for a $8.8 billion coal terminal expansion project at Queensland's Abbot Point, Australia citing funding issues and environmental regulations, but China's slowing economy probably had more than a little to do with it.

Frik Els | May 21, 2012 | 9:18 pm

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