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U.S. mineral values are up in 2011

The value of mineral production in the United States increased by 12 percent in 2011 from that of 2010, suggesting that the nonfuel minerals industries, particularly metals, continued to recover from the economic recession that began in December 2007 and lasted well into 2009.

Poluys fill the vaults ahead of listing, Kinross takeout rumours swirl

In a trading update Monday Russia’s Polyus Gold International, owned by Mikhail Prokhorov, announced a 8% increase in gold production to just under 1.5 million ounces which boosted earnings 40%. Prokhorov, a Vladimir Putin rival in upcoming presidential elections, is also readying his firm for a London listing after which he says he wants to do a major deal.