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Hochschild Mining announces 13% fall in H1 output

Latin American precious metal producer Hochschild Mining said output fell 13 percent in the first half, as expected, and that it was on track to meet its full-year target. It produced 11.1 million silver equivalent ounces in the first half due to lower grades at the company's two main Peruvian operations, declining output from its two ageing Ares and Moris mines, and industrial action at its San Jose mine.

Chinese mines under scrutiny

The recent Chilean mine disaster has sparked new fresh debate in China regarding work safety and rescue work in the domestic mining industry. China has made huge steps to improve mine safety in recent years, reducing the number of deaths to approximately 2,600 in 2009 from 7,000 in 2003 even though coal output has more than doubled.

West Japan faces peak-hour power shortfall -ministry

Western Japan's electricity supply will fall 1.2 percent short of forecast peak demand for August, as five regional utilities' efforts to boost supply could not offset unplanned shutdowns this month of a nuclear reactor and a coal-fired plant, Japan's trade ministry said on Wednesday. Image of Fukushima Daiichi NPP in 2002 is from KEI

S.Africa coal industry, unions meet for wage talks

South African coal miners started wage talks with unions and a mediator on Wednesday in a bid to prevent stoppages that could threaten supply to power plants and limit exports, while a fuel sector strike threatening the economy entered its tenth day. Africa's largest economy relies on coal for almost all its power, but state-owned utility Eskom has said it has enough coal in stock to last 41 days, so a strike would have to be lengthy to affect its operations.

Jewelry making propels gold demand in China India

Rising appetite for Gold jewelry among households and investors in China and India is driving the global demand for the yellow metal, says a study conducted by the Dubai Multi-Commodities Centre (DMCC). China and India—two largest gold consuming nations in the world—have been driving gold demand in the world in the last few years.

BHP posts annual production records

BHP Billiton Ltd says it achieved production records in four commodities in 2010/11, with production of iron ore posting its 11th consecutive record. BHP said annual production of iron ore was 134.406 million tonnes (MT), up eight per cent on 2009/10.