MINING.COM

Syria trying to sell gold reserves as sanctions begin to bite – sources

Syria is trying to sell gold reserves to raise revenue as Western and Arab sanctions targeting its central bank and oil exports begin to bite, diplomats and traders said.

Mineweb | April 19, 2012 | 3:05 pm

British government urges Anglo American and Codelco to reach amicable resolution

Chile's state-owned mining company Codelco, the world's largest copper producer London-based Anglo American (LSE: AAL) should try reaching a negotiated solution to the ongoing dispute about Codelco’s stake in Anglo’s Sur unit, said British ambassador to Chile, Jon Benjamin.

Cecilia Jamasmie | April 19, 2012 | 2:51 pm

Brazil’s aluminum output went up 3.7% in March

Brazil's aluminum output in March went up 3.7% to 125,000 tonnes, according to the national aluminum association, Abal.

Cecilia Jamasmie | April 19, 2012 | 2:13 pm

Anglo American Platinum output falls 24%

The world’s largest refined platinum producer Anglo American Platinum (Amplats, AGPPY) says it will hit its full-year production target for 2012, despite a severe fall in production in the first quarter of this year.

Cecilia Jamasmie | April 19, 2012 | 1:51 pm

Copper prices will hit bottom before rising in latter part of 2012

Copper prices will continue dipping but only until the middle of this year, at which point they should start rising again, according to the latest Thomson Reuters’ GFMS Copper Survey and members of the industry.

MINING.COM Staff Writer | April 19, 2012 | 12:44 pm

Alleged Ponzi scheme rocks Israeli Diamond Exchange

A trader at the Israeli diamond center has been barred from entering the diamond complex in Ramat Gan after allegedly operating a Ponzi scheme. On Wednesday, a $1.3 million lawsuit was filled against him, claiming a 'sting' operation.

IDEX Online | April 19, 2012 | 10:59 am

Are Google executives and James Cameron planning to mine asteroids?

Speculation is mounting that group of heavy-hitting investors—including filmmaker James Cameron and Google executives Larry Page and Eric Schmidt—may announce next week in Seattle plans to mine asteroids for minerals.

Michael Allan McCrae | April 19, 2012 | 6:32 am

OZ Minerals, Southern Copper shopping for South American mines

US-based Southern Copper and Australia's Oz Minerals are both looking to acquire assets in South America, according to media reports Wednesday.

Andrew Topf | April 19, 2012 | 5:40 am

De Beers diamond production down 16% in Q1

Diamond production by De Beers decreased to 6.2 million carats in the first quarter. This is a decline of 16 percent year-over-year and 4 percent compared to the fourth quarter of 2011.

IDEX Online | April 19, 2012 | 3:53 am

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