Queensland base metal miner, Kagara Mining, said 130 of its staff were becoming redundant after the company posted an A$48.9 million loss in the first half of its financial year.

In Latin America the decade-long bull run for mining and hydrocarbons is mostly behind us, according to Jason Press, a regional specialist analyzing equities for Citigroup.

South Australia’s mineral resources and energy minister, Tom Koutsantonis, said he was confident BHP Billiton will proceed with developing the uranium Olympic Dam open-pit mine, despite the project will cost billions of dollars, reports Reuters.

MONACO, March 6, 2012 /CNW/ - Endeavour Mining Corporation ("Endeavour" or the "Corporation") (TSX:EDV, ASX:EVR) is pleased to announce it has entered into a definitive agreement with Resolute Mining Limited ("Resolute") (ASX:RSG) for the sale and transfer of its 40% interest in the licenses and associated property comprising the Finkolo Joint Venture (the "Finkolo JV") in Mali for total consideration of $20 million in cash.

Chilean state giant Codelco, the world's biggest copper producer, plans to invest over US$4.3 billion this year, said the company’s president Diego Hernandez said on Tuesday

Gold prices tumbled to $36.45 or 2.1% to $1,669.21 per ounce on Tuesday morning due to worries about Greece and a flight to the American dollar.

Rio Tinto Alcan, the aluminum division of Rio Tinto PLC (RIO) announced today it will close its Lynemouth aluminum smelter in Northumberland, England at the end of March, as part of its aluminum restructure plan.

Over 5,000 informal miners started an indefinite protest in the gold-rich Peru's Madre de Dios region on Monday, demanding the government to revoke a new decree that regularizes small-scale and artisanal operations.

The big three – BHP, Vale and Rio Tinto – control nearly 70% of the 1 billion tonne annual iron ore seaborne trade and even the combined mining and trading capabilities of a Glenstrata may not be enough of an advantage over the incumbents.