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Latest Stories

Ivanhoe bloodletting continues

The Vancouver-based miner gave up another 3% on Monday, bringing its losses over the past trading week to 15% as worries about grades and costs at Oyu Tolgoi – one of the richest copper and gold mines in the world – continue to mount.

Failed bottom in gold stocks initiates start of capitulation

It was only a week ago we felt the gold stocks had a great chance of putting in a bottom. Monday supported our thesis but after Tuesday’s action and Bernanke’s jawboning it was apparent that the gold shares were in for a very difficult period.

South Africa Suffers from Shortage of Rock Engineers

Mining Weekly: South African mine seismology specialist SiM Mining Consultants has pointed out a persistent issue in the mining industry in South Africa - too few qualified professionals in the rock engineering field. South African miners are aware of seismic risks in mines but seismic sensors must be installed in mines to record data and allow the industry to understand increased seismic activity, [SiM director Friedemann Essrich] says. Essrich believes that a greater pool of experts and increased awareness of seismicity can be created through the education of rock engineers.