Anglo American said on Tuesday its board had approved the $1.7 billion Grosvenor metallurgical coal project in Queensland, Australia, which is expected to produce five million tonnes per year over a projected life of 26 years. The London-based diversified miner said it plans to triple production of met coal in Australia over the next 8 years.

Investment gurus Jim Rogers and Marc Faber in recent interviews seem to agree on the dynamics in the gold market. Rogers says he's not selling his gold and Faber says there is no bubble. But that doesn't mean bullion is not still in a correction phase.

The Vale Beijing, the globe's largest bulk carrier, is disabled in a Brazilian port and shipping agents tell Reuters the vessel had ruptured its hull. If the $110 million vessel should sink it could also turn out the be the final nail in the coffin of Vale's disastrous strategy to tighten its grip on the world's annual 1 billion tonnes sea-borne iron-ore trade. China, the world's number one market for the steelmaking ingredient to where Vale ships about 45% of its output, turned away another carrier in the fleet earlier this year.

Initial underground mine production has successfully commenced at Xstrata Copper’s Ernest Henry Mining operation in north-west Queensland, marking the site’s transition from open pit mining, which is now complete, to underground mining and magnetite processing. This is a major milestone in the progression of Xstrata Copper’s AUD589 million project to extend its Ernest Henry operations to at least 2024.

A new open-pit copper-gold mine in Canada's Yukon Territory would be powered with natural gas. Releasing an update today on its Casino project, Western Copper and Gold Corp. (TSE:WRN) says the company has partnered with Yukon Energy Corp., the territory's energy utility, to evaluate strategies for supplying liquified natural gas (LNG) to the mine and the Yukon.

Gold Fields Ltd., the fourth-biggest producer of the metal, said Ghana’s plan to raise tariffs on mines and introduce a windfall tax could force it to halt expansion projects worth $1 billion in the country.

Ecuador is not a top-of-mind country when it comes to mining, but that could change as the government signals a shift in direction towards the minerals sector, the Globe and Mail is reporting. The Globe reports that the leftist government of Rafael Correa plans to invest $3 billion in the next two and a half years in order to reduce the country's dependence on oil exports.

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Tata Motors, India’s market leader in commercial vehicles and the world’s fourth largest truck manufacturer, has launched the new TATA Prima 3138.K 8X4 tipper equipped with an Allison 4430R transmission at the 6th International Construction Equipment and Construction Technology Trade Fair (EXCON) 2011 in Bengaluru, which is organised by the Confederation of Indian Industry. The company states that the tipper model is ideal for carrying overburden in coal, iron ore, limestone and other applications involved in the heavy mining industry.