MINING.COM

400 million euros worth of shipwrecked gold and silver coins back in Spain

Associated Press reports that two military planes laden with 17 tons of silver and gold coins recovered from a sunken Spanish galleon have touched down in Madrid.

Andrew Topf | February 26, 2012 | 10:32 pm

Molycorp fires up new rare earths plant

Molycorp, the company in the process of expanding and modernizing a mine and processing plant closed down in 2002, this week announced the sequential start-up of its Project Phoenix rare earth manufacturing facility.

Andrew Topf | February 26, 2012 | 1:25 am

UN watchdog suspects Iran is diverting uranium

Iran may be diverting uranium for use in weapons research, according to a report by the UN International Energy Agency (IEA), a nuclear watchdog.

Andrew Topf | February 26, 2012 | 12:06 am

Polish Bogdanka Mine sets production world record with Cat® Plow Longwall

On February 16, 2012, the Polish coal mining company Lubelski Węgiel Bogdanka S.A. smashed the world record for daily production from a plow-equipped longwall, with an output of 24,400 tonnes of coal from a single face.

Caterpillar | February 25, 2012 | 8:22 pm

Soft coal market has Alpha Natural Resources focusing priorities

Alpha Natural Resources took a $.73 billion hit in the fourth-quarter, but the US coal producer, the third largest of coking coal in the world, said it has a strategy to counter weak US coal markets by cutting production and concentrating on met coal used in steelmaking.

Andrew Topf | February 25, 2012 | 8:14 pm

Vedanta consolidation to create world’s 7th largest natural resources company

London-based Vedanta Group (LON:VED) announced Saturday a merger of two of its subsidiaries, Sesa Goa and Sterlite Industries, into a new corporate entity to be named Sesa Sterlite.

Andrew Topf | February 25, 2012 | 8:05 pm

Success in the DRC: Investors line up for Banro already up 50% in 2012

Banro's Twangiza oxide mine poured its first gold Q4 2011and it owns four additional licences along the same rich gold belt in the east of the country. After bumping up its debt offering to $175 million on Friday the company says it can now start building a second oxide mine.

Frik Els | February 25, 2012 | 1:00 am

Thought the fight for control of Baja’s board couldn’t get uglier? Read on

Baja Mining is fighting attempts by Mount Kellett, a $6 billion asset manager, to stack the miner's board with its own nominees. Baja is accusing Mount Kellett of a takeover by stealth while MK says Baja is a web of conflicts.

Frik Els | February 24, 2012 | 11:00 pm

Hire more women to save money: consultant

Hiring more women to work at mines in Hunter Valley, NSW could save companies money because they are easier on the equipment, says a workplace consultant.

Andrew Topf | February 24, 2012 | 10:55 pm

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