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Patriot Coal halts production at West Virginia mine

According to a report from Reuters, Patriot Coal Corp. has halted production at its Rivers Edge metallurgical mine in West Virginia due to flooding in a sealed, mined-out area. An employee at its Rivers Edge mine discovered excess water behind two seals on March 7, which prompted the Mine Safety and Health Administration (MSHA) to issue an imminent danger order, the St. Louis, Missouri-based firm said in a regulatory filing. Patriot said the flooding, which followed heavy rain, led to an evacuation of the mine.

Half-day Seminar: Environmental Management in Mining

April 20, 2011: Focused on mining issues in Ontario this half day seminar highlights the issues of: excess soil management, mining stewardship responsibilities, human health and ecological risk assessments and Brownfield mining site development requirements. The seminar will be held at the Hyatt Regency Hotel in Toronto, Ontario - early bird registration is only $199.00.

Warning signs – could be bad for gold and silver short term but good long term

Are we headed for a major stock market downturn? If so what could be the effect on gold and silver? The portents are there for problems ahead short term, but probably are positive for gold at least longer term. The global political situation, with unrest still simmering in the Midde East and the fighting in Libya, will have a continuing impact and even the slight dissent seen so far in Saudi Arabia's oil producing area does raise some serious warning flags.

Active management now needed in the commodity space – Investec

Investors banking on an across-the-board rise in commodity prices this year are setting themselves up for a fall and they should instead be actively managing for winners, Investec Asset Management said. After several years of commodity prices moving largely as one, Investec's co-chief investment officer Mimi Ferrini looks favourably on active strategies that are bullish on natural gas and crude oil, while playing the interaction between the asset class and related equities, like gold mining companies.