MINING.COM

Colombian coal miners’ strike risks Glencore operation

Following a series of recent protests and other problems affecting mining companies with operations in Colombia, coal workers for the local unit of Glencore International went on strike late Thursday, causing the immediate halt of the company's operations in the country.

Cecilia Jamasmie | July 20, 2012 | 1:21 pm

De Beers’ profit down 53%; Venetia expansion still going ahead

Profit for De Beers, the world's number two diamond producer after Russia's Alrosa, is down 53% for the first half of 2012 affected by worries over consumer demand and shortage of financing for cutters and polishers.

Cecilia Jamasmie | July 20, 2012 | 9:31 am

Disgraced Peregrine CEO had a penchant for Spongebob silver

FBI raids on the Iowa offices of Peregrine Financial Group have uncovered a trove of special-edition SpongeBob Squarepants silver bullion amongst the effects of the failed futures brokerage.

Marc Howe | July 20, 2012 | 6:52 am

Australia’s former China ambassador concedes errors in Rio Tinto’s actions

Geoff Raby, Australia's former ambassador to China, has conceded that mining giant Rio Tinto (NYSE:RIO) committed errors in the lead up to a Chinese bribery scandal several years ago that strained relations between the two countries.

Marc Howe | July 20, 2012 | 4:41 am

GATA’s Bill Murphy alleges silver manipulation by JP Morgan

Bill Murphy, the controversial head of the Gold Anti-Trust Action Committee (GATA) alleges that JP Morgan engaged in ongoing silver manipulation, and that the company's suspension of such operations were responsible for a dive in silver prices in January 2011.

Marc Howe | July 20, 2012 | 3:34 am

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