MINING.COM

Eldorado Gold reports $67 million profit in Q1

Gold miners were caught in an ugly slide in the S&P/TSX Composite Index today, which shed 215 points in reaction to another poor economic report coming out of the US.

Andrew Topf | May 3, 2012 | 11:18 pm

Copper is having a terrible 48 hours

Due to its widespread use in construction, communication and transport copper is a bellwether for the global metals industry. The red metal […]

Frik Els | May 3, 2012 | 7:55 pm

Malaysia rejects Lynas lawsuit against opponents of its rare earth project

The High Court of Malaysia today rejected Australian miner Lynas Corp’s (ASX:LYC) application for an injunction against pressure groups that oppose the company’s rare earth plant (LAMP), informs The Malaysian Insider.

Cecilia Jamasmie | May 2, 2012 | 1:20 pm

Red mettle: Has China cornered the copper market?

58% of the world’s refined copper is now stockpiled in China, an increase of 40% in just six months. Traders say the country may hold as much as three quarters of the “spare” stock that is actually available to the market.

Frik Els | May 1, 2012 | 10:37 pm

Japan and India sign rare earth deal to reduce dependency on China

Japan and India have reached a basic agreement to jointly develop rare earths, used in the production of several high-tech goods from weapons to cell phones, and supply Tokyo with about 14% of its rare earth needs.

Cecilia Jamasmie | May 1, 2012 | 7:29 pm

Australian Lynas to shut down Malaysian opponents with lawsuit

Australian rare earths miner Lynas Corporation (ASX:LYC), has filed a defamation action against Malaysian protestors and opponents over their criticism of the company's rare earth plant (LAMP), which will process ores shipped from Western Australia.

Cecilia Jamasmie | May 1, 2012 | 12:50 pm

Worldwide steel consumption growth to drop this year

The World Steel Association is cutting its forecasts for global use of the commodity by 1.8% this year, as China - the world’s biggest consumer of steel- has slowed down its growth.

Cecilia Jamasmie | April 30, 2012 | 3:05 pm

Vale makes most bullish iron ore comments yet. $180 a tonne anyone?

“There is a new level of prices for iron ore globally,” Tito Martins, Vale CFO tells analysts in a conference call Friday.

Frik Els | April 28, 2012 | 12:27 am

We need to talk about how rare earth prices are imploding

Declines in Chinese rare earth export prices coming off 2011's record highs have been stark. But this year some light REEs have halved again and some heavies are now almost $2,500/kg cheaper.

Frik Els | April 26, 2012 | 8:26 pm

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