Mongolia’s SouthGobi Resources said that its fuel supplier claimed a force majeur after Russia cut supplies to the country to a mere 10,000 tonnes. The company said its flagship coal mine, Ovoot Tolgoi, has enough fuel to last 45 days under normal operations or around three months if it scaled back production. SouthGobi also stated that it has coal in inventory and customer trucks can be fuelled in China, a short distance away from the mine.

A selection of underground and surface miners and mineral processing operators from Teck Resources Limited has received national certification through the Canadian Mining Credentials Program, developed by the Mining Industry Human Resources Council (MiHR) and members of the mining industry, the Kootenay News Advisor reports.

This is an historic event in Canadian mining because until now, unlike the trades, skilled workers in these occupations have never before been awarded an industry-recognized credential that supports mobility and retention within the mining workforce.

Natalia Ionova, head of human resources at Russian steelmaker Evraz, used the recession of 2008 to focus and unify the training of mine managers in their facilities worldwide. With Moscow School of Management Skolkovo, she developed an executive education programme, vital for giving managers an understanding of the company as a whole.

"The people on the courses know the company from the inside, so they can share experiences, and the programmes give them the tools to develop ideas and implement innovative solutions," says Ionova. "It’s better than hiring MBA graduates from outside."

Africa's biggest gold miner AngloGold Ashanti (ANGJ.J: Quote) reported a return to profit in the first quarter on Wednesday following its hedge-book buy back and said it expects higher output in the current three months. AngloGold said adjusted headline earnings per share for the January-March quarter were 53 U.S. cents compared to a loss of 199 cents in the previous one after it had eliminated its hedge book last year to reap the full benefit of record gold prices.

Uranium miner Paladin Energy believes it will not be affected by planned changes in Namibia's policy on ownership of strategic minerals after the government said existing licenses would not be affected. "Paladin has welcomed this clarification, which removes any uncertainty over its operations in Namibia," the company said in a statement to the Australian Securities Exchange.

Sotheby’s reported a net income of $2.4 million in the first quarter ended March 31. Traditionally the auction house posts a loss […]

A selection of underground and surface miners and mineral processing operators from Teck Resources Limited has received national certification through the Canadian Mining Credentials Program, developed by the Mining Industry Human Resources Council (MiHR) and members of the mining industry, the Kootenay News Advisor reports.

Australian contractor Barminco has signed the company's largest contract in its 21-year history with the renewal of its contract with AngloGold Ashanti Australia to deliver underground mining services at the 600,000 t/y Sunrise Dam gold mining operation, located 56 km south of Laverton in Western Australia. The company has been contract mining at Sunrise Dam since October 2003.

The quest to commercialize one of Latin America’s last undeveloped major gold deposits is one major step closer to a prospectively big pay day for its unlikely owner - a small gold explorer named Exeter Resources. A Canadian-headquartered company, Exeter recently completed a major milestone development. It announced a positive metallurgical study for the sprawling Caspiche gold-copper deposit in northern Chile’s gold-rich Maricunga mineral belt.