MINING.COM

Molycorp stock is following rare earth prices over a cliff

Molycorp was forced to sell rare-earth oxides from Mountain Pass for 20% cheaper than during the December quarter last year. The company's stock is now worth 60% less than this time last year and all the gains from the Neo Material takeover have evaporated.

Frik Els | May 11, 2012 | 9:31 pm

The end of Appalachia? Illinois Basin coal makes comeback

The balance of the US coal industry may be tilting in the direction of the MidWest from Appalachia.

Andrew Topf | May 11, 2012 | 7:53 pm

End of the Kim era at Kazakhmys

When Kim got involved with Kazakhmys (then called ZhezkazganTsvetMet) during the 1990s the Soviet era the state company was in complete disarray and debt laden. He turned Kazakhmys into a $6 billion company and amassed a personal fortune of $3.5 billion along the way.

Frik Els | May 11, 2012 | 7:03 pm

After Bougainville black eye, Rio Tinto wading back into PNG

Rio Tinto may attempt to re-enter the mining industry in Papua New Guinea after a distastrous experience in the 1980s, according to a report this week in PNGIndustryNews.net.

Andrew Topf | May 11, 2012 | 6:55 pm

Tshwane University and GyroLAG Bridge Mining-Engineering Skills Gap

Tshwane University of Technology (TUT) and air-borne geophysics company GyroLAG are joining forces to bridge the skills gap between mining and engineering in South Africa, reports Mining Weekly.

“We are delighted to participate in TUT’s S&T train project. What a better way to help start young people on a track to becoming engineers, getting exposed to the industries behind two major modes of transport!” says GyroLAG CEO Dr Laurent Ameglio.

Joanna Gaskell - Education Editor | May 11, 2012 | 4:25 pm

Gold falls to four-month lows

Gold prices hit a four-month low today as worries over Europe's financial health, particularly Greece and Spain, and massive trading losses for JPMorgan hurt stock markets and the euro, prompting investors to shelter in the US dollar.

Cecilia Jamasmie | May 11, 2012 | 4:00 pm

The mining industry’s future belongs to robots

Automated operations are winning over today’s mining industry. Whether it is autonomous trucks, tele operated drills and blasts or automated logistics applications, mines are increasingly introducing these kinds of equipment and solutions.

Cecilia Jamasmie | May 11, 2012 | 3:45 pm

Vale’s $4 billion Apolo iron ore project in Brazil jeopardized

Mining giant Vale (NYSE:VALE) is having second thoughts about going ahead with its $4 billion Apolo iron ore project in southeast Brazil, which may be affected by the federal government's decision to create a nature reserve in the area.

Cecilia Jamasmie | May 11, 2012 | 2:42 pm

The gold in mining: Canada’s B.C. sector thriving, thanks in large part to China

The head office is just one among 800-odd mining companies clustered in downtown Vancouver. But even in a group so large it serves as the backbone of the city’s business district — and the world’s centre of mining expertise — Teck Resources stands out.

Vancouver Sun | May 11, 2012 | 1:35 pm

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