MINING.COM

Molycorp’s rare earth reserves jump 36%

U.S.-based Molycorp, Inc., one of the only non-Chinese producers of rare earths, announced today that its proven and probable reserves of rare earth minerals at its Mountain Pass, California facility have increased by 36 percent, according to a new independent estimate.

Cecilia Jamasmie | April 10, 2012 | 3:14 pm

Vedanta Group says mining ban in India hits iron ore output

London-listed diversified miner Vedanta Resources (LON:VED) announced today a significant drop in its full-year iron ore output, attributed to both a mining ban in India’s southern state of Karnataka and logistical bottlenecks in nearby Goa, which hurt one of its key profit generators.

Cecilia Jamasmie | April 10, 2012 | 1:12 pm

No bubble here: Rogers says Chinese property market is cooled down

Legendary commodity-investor and Singapore resident, Jim Rogers, told China Daily News that the property market has been slowed down and there is no crisis.

Michael Allan McCrae | April 10, 2012 | 5:16 am

Ivanhoe bloodletting continues

The Vancouver-based miner gave up another 3% on Monday, bringing its losses over the past trading week to 15% as worries about grades and costs at Oyu Tolgoi – one of the richest copper and gold mines in the world – continue to mount.

Frik Els | April 9, 2012 | 9:58 pm

Ready, set, go: China’s long-awaited rare earth industry group is already here

In a move to curb the rampant domestic illegal mining of rare earth, as well as to regulate its rare earths players, China launched on Sunday its industry association for the precious metal commodity, as MINING.com anticipated last week.

Cecilia Jamasmie | April 9, 2012 | 12:40 pm

Indian gold traders call off strike after curbing March imports by as much as 80%

Indian imports may have tanked over 80% in March and could drop 40% in the second quarter after gold traders and jewelers went on a three week strike over taxes.

Frik Els | April 6, 2012 | 9:30 pm

Top 10 gold producers: Indonesia leaves 31 tonnes underground

The price of gold averaged $1,571 an ounce in 2011 meaning the South East Asian country missed out on $1,7 billion in potential revenue.

Frik Els | April 6, 2012 | 8:29 pm

Too much of a good thing?

A recent study published by Canberra-based think tank The Australia Institute calls for a slowdown in mining investment.

Cecilia Jamasmie | April 5, 2012 | 2:30 pm

Lynas rare earths plant in Malaysia gets momentary red light

Malaysia's Atomic Energy Licensing Board (AELB) has postponed granting a temporary rare earths mine operating license (TOL) to Australian miner Lynas Corp. (ASX:LYC) until an outstanding appeal by residents to the science, technology and innovation minister has been completed.

Cecilia Jamasmie | April 5, 2012 | 1:37 pm

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Coal mine deaths climb to 23 in southwest Pakistan – officials

Anglo American to end investment in deep sea mining company Nautilus

WGC latest report shows how weak gold demand has been this year

China opens iron ore market to the world in pricing, image push

Mongolian Copper Corp considers international fight for Erdenet mine

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