MINING.COM

Aluminium losing battle against oversupply

Excess capacity in aluminium smelting will drag on for years to come, even while losses weigh on producers, as political pressures in China and Russia to keep jobs and push self-sufficiency prevent or delay plant closures.

Reuters | February 10, 2012 | 10:22 pm

Germany and Kazakhstan ink $4 billion rare earths deal

A $4 billion rare earths deal signed this week between Germany and Kazakhstan is being criticized by human rights groups.

Andrew Topf | February 10, 2012 | 8:19 pm

Iron ore fundamentals just got better: India exports set to drop another 35% this year

Down from 100 million tonnes in 2010, India's minerals industry federation forecasts only 40 million tonnes will be shipped over the next 12 months.

Frik Els | February 10, 2012 | 8:11 pm

Golden age for Newcrest as it rakes in net profits at a rate of $110 million per month

When asked if shareholders could be rewarded with a special dividend Newcrest chief executive Greg Robinson said such a move was ''always on the cards'' in times of plenty.

Frik Els | February 10, 2012 | 3:36 pm

De Beers expects dull year for diamonds despite sales increase of 27%

Diamond demand will slow down significantly in 2012 said today De Beers SA, the world’s largest supplier of rough diamonds, due largely to the weak global economy.

Cecilia Jamasmie | February 10, 2012 | 2:39 pm

DiamondCorp walks away from its Botswana kimberlite project

DiamondCorp (LON:DCP), the African diamond mine development and exploration company, will not proceed with further exploration in Botswana due to the recovery of low grades in the area, announced the company today.

Cecilia Jamasmie | February 10, 2012 | 1:50 pm

Two nuclear reactors approved in Georgia, the first since Disco Era

The last time a nuclear reactor was approved in the state of Georgia, Jimmy Carter was ensconced in the White House and the Bee Gees had three of the top 10 hits on the Billboard charts.

Andrew Topf | February 10, 2012 | 7:12 am

Inmet fourth-quarter profit slumps by a third

Canadian copper-zinc producer Inmet Mining earned a third less profit in the fourth quarter than the same period a year ago.

Andrew Topf | February 10, 2012 | 6:29 am

Norilsk to open 40,000 t/y nickel project in Australia

Nickel major Norilsk is preparing to start its Honeymoon Well project, in Western Australia, following positive studies completed in 2011, director of overseas operations Roman Panov said this week.

Mining Weekly | February 10, 2012 | 5:55 am

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