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Mining companies raided in Philippines

Three mining companies in the Philippines have been raided by over 200 heavily-armed communist rebels, Forbes.com is reporting. The rebels burned heavy equipment, disarmed guards and briefly held people, according to officials.

Pipeline opponents say emails biased: New York Times

E-mails between the State Department and TransCanada, the company behind a $7 billion proposal to build a pipeline between Canadian oilsands and Gulf Coast refineries, demonstrate "a sometimes warm and collaborative relationship," states a report in today's New York Times. The e-mails, the second batch to be released in response to a Freedom of Information Act request filed by the environmental group Friends of the Earth, show a senior State Department official at the United States Embassy in Ottawa procuring invitations to Fourth of July parties for TransCanada officials, sharing information with the company about Secretary of State Hillary Rodham Clinton’s meetings and cheering on TransCanada in its quest to gain approval of the giant pipeline, which could carry 700,000 barrels a day.

Resolution Copper Encourages Arizona Students to Train in Mining-Related Disciplines

Cronkite News reports: Resolution Copper is sponsoring high school students in Superior, Apache Junction, Globe, Hayden and other area communities in Arizona to major in the sciences, engineering, math, or business. Resolution intends to bring a mine into production in the area in 2021, and will need people trained in high-tech skills. Subject to Congress approving an exchange of U.S. Forest Service land east of Superior, the company is planning to mine what it calls the largest untapped copper lode in the U.S. With the copper more than a mile beneath the surface, Resolution Copper plans to tunnel into the earth to remove the ore rather than creating an open pit. “It’s a technical and economic marvel,” [Resolution Copper’s communications manager Bruce] Richardson said. “We’re going to need really smart and qualified workers to operate it safely.”

South African Mining Company Develops Training Courses for the Industry

South Africa's Mukundi Mining Resources has begun developing mining training courses to address the skills shortage South Africa is facing in the industry, Mining Weekly reports.
The company has identified specific training requirements in the mining sector and will include preparatory induction assessments, as well as the required medical examinations, in its proposed course curriculum, says Mukundi CEO Octavia Matshidiso Matloa.

Queensland Manufacturing Workers are Offered Apprentices to Join Resources Sector

Manufacturers' Monthly: The National Apprenticeships Program (NAP) offered by Queensland’s SkillsTech Australia and several national training organizations are offering apprenticeship programs to people over 25 years old to enter the underskilled resources sector.
According to NAP program director Alan Sparks, the system was launched in response to the National Resources Sector Employment Taskforce Report which identified the skills shortages in the mining and resources sector. “This Advanced Entry Adult Apprenticeship Scheme recruits Australians who have extensive skills and experience, rigorously assessing the skills they have already acquired and fills the gaps to secure full trade qualifications, potentially graduating participants within 18 months,” Sparks told Manufacturers’ Monthly.

Gold bounces back after bear raid

December gold added $35 or 2.2% to trade at $1,657.10 an ounce in noon dealings in New York on Monday regaining a sliver of the ground lost during September, the worst month for the precious metal since the start of the 2008 recession. September was a particularly volatile period for gold. Early on the metal hit an intraday record of $1,923.10 only to shed 17% over the course of the month. Today's dealings are also in sharp contrast to a week ago: in Asian trade on Monday September 26 bullion plunged $130 within a few hours, a move which many gold bugs are now saying had nothing to do with fundamentals but was intended to send a message.

Asian and Australian markets down sharply, gold up

The Hang Seng Index was down 4.38% and S&P/ASX 200 slid 2.78% over fears of euro zone contagion and the risk another recession may be looming. Gold is up and at $1657/oz. It closed last week at $1624/oz. Hang Seng was also hit by worries about the casinos in Macua. There is less credit available from China, which may dampen revenue from gambling.