MINING.COM

Rio Tinto’s massive diamond deposit in India brightens up the miner’s future

Just when major miners thought it was better to ditch their diamond divisions, giant Rio Tinto (LON, ASX, NYSE: RIO) says it is looking at the business with renewed enthusiasm, as a deposit the company discovered in India in 2004 has started to bear its shiny fruits.

Cecilia Jamasmie | November 12, 2012 | 5:03 pm

Gold One to resume operations at its S.A.’s Ezulwine Cooke

Gold One International (ASX:GDO) is lifting the operational suspension imposed on its Ezulwini Cooke 4 shaft last month and will offer employment to workers who were dismissed for participating in strikes during October.

Cecilia Jamasmie | November 12, 2012 | 4:43 pm

Harmony Gold’s mine halted after deadly accident

Drilling at Harmony Gold’s Kusasalethu mine, in western Gauteng, was halted on Monday after a worker was killed and another injured in a blasting accident.

Cecilia Jamasmie | November 12, 2012 | 3:40 pm

Osisko Mining buying Queenston in $550-million deal

Canada’s Osisko Mining Corp. (TSX:OSK) announced Monday it will buy Queenston Mining Inc for about $550 million to get access to gold-rich properties in the Kirkland Lake area in north-eastern Ontario.

Cecilia Jamasmie | November 12, 2012 | 3:32 pm

Shale will make the U.S. world’s top oil producer

The United States will surpass both Saudi Arabia and Russia becoming the world’s top oil producer by 2017, says the latest yearly world energy outlook published Monday by International Energy Agency (IEA).

Cecilia Jamasmie | November 12, 2012 | 2:58 pm

Fatal earthquake collapses gold mine in northern Myanmar

A 6.8-magnitude earthquake hit northern Myanmar on Sunday, collapsing a gold mine, a bridge, damaging several old Buddhist pagodas and leaving as many as 12 people feared dead.

Cecilia Jamasmie | November 12, 2012 | 1:46 pm

Gold near 3-week high on U.S. fiscal woes

Gold edged up on Monday, after posting its biggest weekly gain since late August, on safe-haven buying driven by worries the United States could return to recession if Congress fails to reach a deficit-reduction deal.

Moneycontrol.com | November 12, 2012 | 1:02 pm

BHP Billiton coal mine goes on a two-week strike

Supervisors at a BHP Billiton's subsidiary Illawarra Coal in the Australian state of New South Wales have voted to strike for up to two weeks over a pay dispute.

Cecilia Jamasmie | November 12, 2012 | 12:32 pm

Yamana Gold insists on risky project in northern Chile

Canadian miner Yamana Gold Inc. (TSX:YRI) (NYSE: AUY) is refusing to give up on its plans to re-open the old “Agua de la Falda” gold mine in Chile’s northern Atacama region, a particularly sensitive area in terms of energy costs.

Cecilia Jamasmie | November 12, 2012 | 11:53 am

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