MINING.COM

Low production of rough diamonds alarms India

The latest figures by Kimberley Process Certification Scheme (KPCS), international diamond regulators on the global diamond production, have set the alarm bells ringing in the world's biggest diamond cutting and polishing centre in Surat, India.

The Times Of India | May 1, 2012 | 5:49 pm

Shear recovers 3,500 carats from Jericho diamond mine in Nunavut, Canada

Canadian junior Shear Diamonds Ltd. (TSX VENTURE:SRM) announced today it’s begun processing diamonds from the stockpiles at its Jericho diamond mine in Nunavut, Canada.

Cecilia Jamasmie | May 1, 2012 | 5:21 pm

Caterpillar workers strike at Illinois plant

About 800 workers at a Caterpillar plant in Joliet, Illinois went on strike early Tuesday morning less than two days after rejecting a six-year contract that included a $5,000 ratification in payment and participation in the company’s annual bonus plan.

Toronto Sun | May 1, 2012 | 4:51 pm

Mining blamed for Canadian economy unexpected dip in February

Canada's gross domestic product surprisingly dropped 0.2% in February, with all fingers pointing at the manufacturing and mining sectors, particularly potash and nickel producers, as the main responsible, says the latest Statistics Canada report.

Cecilia Jamasmie | May 1, 2012 | 4:39 pm

Cameco gains 5% after strong quarter

Sales volumes were up 33% at Cameco, the world's largest uranium miner in Q1. Revenue increased 22% to $563 million and gross profit showed a gain of 31% to $178 million.

Michael Allan McCrae | May 1, 2012 | 4:17 pm

Newmont looking at other options if Conga costs continue to climb

Newmont Mining could reallocate project funds if an ongoing evaluation of the environmental impact study for its $4.8 billion Conga mine turns economically unfavourable, CEO Richard O'Brien said.

Cecilia Jamasmie | May 1, 2012 | 3:35 pm

Xstrata copper production down, but Q1 financial performance solid

Anglo-Swiss Xstrata Plc. (LON:XTA) reported today mixed production results for its first quarter, with copper production declining 18%, but said operating and financial performance remains strong.

Cecilia Jamasmie | May 1, 2012 | 2:01 pm

Australian Lynas to shut down Malaysian opponents with lawsuit

Australian rare earths miner Lynas Corporation (ASX:LYC), has filed a defamation action against Malaysian protestors and opponents over their criticism of the company's rare earth plant (LAMP), which will process ores shipped from Western Australia.

Cecilia Jamasmie | May 1, 2012 | 12:50 pm

Canadian Oil Sands divvies up 17% more as $23 syncrude discount evaporates

From a 7-year low against US benchmark crude only six weeks ago, syncrude on Monday moved into premium territory.

Frik Els | May 1, 2012 | 2:52 am

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