Vale SA is diverting iron ore shipments to the Philippines as a way of shipping its product to China, as the Asian economic powerhouse continues to resist super-sized vessels destined for Chinese ports.
The native group opposing the Prosperity Mine in northern British Columbia has little faith in the just-launched federal environmental review of the project, CTV News reports.
Newt Gingrich, presidential aspirant in the current Republican contest, wants to see a permanent moon base established by the second term of his presidency that could be used for space tourism and mining ventures.
The meltdown at the Fukushima Daiichi nuclear plant last March had uranium investors fleeing for the exits. While the nuclear fuel used to make yellowcake had enjoyed something of a renaissance (after tanking in 2008-09 due to the financial crisis) in the runup to the earthquake and tsunami that rocked Japan, all that changed in the aftermath of the quake.
Photographer Martin Foskett spliced together a video of mining equipment accidents. Apart from the maudlin and rather depressing soundtrack, the video makes for an interesting diversion and a reminder that when thing go wrong with mining equipment, they really go wrong.
Tiny Oman, the Sultanate perched on the southeast tip of the Arabian peninsula, is setting up for a quantum leap in mining, the Oman Daily Observer reports in an article published Saturday.
Bloomberg reports gold traders are upbeat about the prospects for the gold price for the fourth week in a row after the Fed's interest rate move gave gold the best start to a year since 1980.
Gold has risen 10% since the start of the year, rebounding from the first quarterly decline in three years and scaling the $1,700 an ounce level for the first time since December 9.
