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Latest Stories

Fire sale: Investors punish Osisko for mill damage

Osisko Mining investors were unimpressed by the fire yesterday at the company's Canadian Malarctic mill. The stock (TSX:OSK) closed down a buck, or 12.94%, on the Toronto main board Friday as Osisko assessed the damage.
Andrew Topf | May 11, 2012 | 10:38 pm

Molycorp stock is following rare earth prices over a cliff

Molycorp was forced to sell rare-earth oxides from Mountain Pass for 20% cheaper than during the December quarter last year. The company's stock is now worth 60% less than this time last year and all the gains from the Neo Material takeover have evaporated.
Frik Els | May 11, 2012 | 9:31 pm

End of the Kim era at Kazakhmys

When Kim got involved with Kazakhmys (then called ZhezkazganTsvetMet) during the 1990s the Soviet era the state company was in complete disarray and debt laden. He turned Kazakhmys into a $6 billion company and amassed a personal fortune of $3.5 billion along the way.
Frik Els | May 11, 2012 | 7:03 pm

Tshwane University and GyroLAG Bridge Mining-Engineering Skills Gap

Tshwane University of Technology (TUT) and air-borne geophysics company GyroLAG are joining forces to bridge the skills gap between mining and engineering in South Africa, reports Mining Weekly.
“We are delighted to participate in TUT’s S&T train project. What a better way to help start young people on a track to becoming engineers, getting exposed to the industries behind two major modes of transport!” says GyroLAG CEO Dr Laurent Ameglio.
Joanna Gaskell - Education Editor | May 11, 2012 | 4:25 pm

Gold falls to four-month lows

Gold prices hit a four-month low today as worries over Europe's financial health, particularly Greece and Spain, and massive trading losses for JPMorgan hurt stock markets and the euro, prompting investors to shelter in the US dollar.
Cecilia Jamasmie | May 11, 2012 | 4:00 pm

The mining industry’s future belongs to robots

Automated operations are winning over today’s mining industry. Whether it is autonomous trucks, tele operated drills and blasts or automated logistics applications, mines are increasingly introducing these kinds of equipment and solutions.
Cecilia Jamasmie | May 11, 2012 | 3:45 pm