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Physical, ETF Demand Sustains Gold

Gold rose on Thursday, sustained by a rise in ETF holdings, stronger physical demand and a weaker dollar, but investor selling to […]

U.S. coal shares up on nuclear power uncertainty

Coal mining shares rose on Thursday amid uncertainty over the future of nuclear power as Japan races to avert a meltdown at a power plant crippled by last week's earthquake and tsunami, Reuters reported: In afternoon trading on the New York Stock Exchange, Consol Energy (CNX.N) was up 4.9 percent at $54.96 and Alpha Natural Resources (ANR.N) rose 4.3 percent to $55.17. Peabody Energy (BTU.N) was 3.6 percent higher at $70.05, Massey Energy (MEE.N) was up 3.9 percent at $63.18 and Arch Coal (ACI.N) was 2.2 percent higher at $34.91.

Aguablanca nickel mine to restart in 2012, Lundin says

Lundin Mining Corp. (TSX:LUN) says an assessment of its Aguablanca mine suggests full operations will likely restart in 2012 after a shutdown in December due to heavy rains, according to a report in The Brandon Sun: The base metals miner says it plans to spend the year preparing the mine to guarantee the operation's viability and safety after an assessment at the nickel mine in Spain.

Endeavour Silver Mines Posts Educational Video on Silver Mining

Here at Endeavour Silver we've learned that our shareholders and investors appreciate educational tools; something to help them understand their investments in silver a bit better. In the past we've produced two brochures that are available both electronically and in hard copy. They're called "Silver Fundamentals- Supply & Demand" and "Silver Facts & History" and they are very popular with the public. For years, they have consistently been the most downloaded files on our website.

To further this educational process, we decided to produce a series of videos. The first one is now finished and it's titled "How Silver is Mined". It was a bit long so we ended up dividing it into two parts, both are about seven minutes long. In the link below is Part 1 and we'll be distributing Part 2 next Wednesday, March 23rd.

UAS to be first school in nation for new mining simulator

The University of Alaska Southeast secured funds which will allow it to become the first school in the United States to operate a state-of-the-art mining simulator: announced Wednesday at a mining trade show in Juneau.

The simulator contains three modules which will allow students to train with different equipment in order to better prepare them for entry-level positions in mines, according to a release from UAS.

“This was the missing piece of the puzzle for training miners from Alaska to be productive and safe from the first day on the job,” said Dennis Steffy, director of the University of Alaska’s Mining and Petroleum Training Services, in the release. “It will vastly improve the opportunities of students for mining employment. In addition, salaries will stay in Alaska instead of going to other western states.”

Five arrested in Welsh mining probe

Britain's Serious Fraud Office on Wednesday said it had made five arrests as part of an investigation into allegations of fraud related to the sale of four mines in South Wales.