Russia sets aside 10B roubles to buy aluminium

The open pit mine would produce 7 million tonnes of coal a year and contribute $33 million in annual royalties.

The news comes only a day after MMX announced it was temporarily halting operations at its only producing mine.

The project is considered vital for Vale as the miner has been losing market share to Rio Tinto and BHP Biliton.

Jean-Paul Luksic, who was appointed in 2004, will now take a non-executive role with effect from Sep. 1st.

Top machine can excavate 9,000 tonnes of earth in just one hour.

PhotoSat announced today that it is in the process of accurately calculating the exact amount of tailings that has left the Mount Polley tailings dam using high resolution stereo satellite photos.

Glencore CEO Ivan Glasenberg strikes positive note after announcing jump in profits, output and better trading conditions at Swiss commodities giant.

Boart Longyear (www.BoartLongyear.com), the world’s leading provider of integrated drilling services, equipment and performance tooling, is proud to introduce TruCore™. TruCore is a first-in-industry integrated core orientation system that enables drillers to increase productivity and decrease spend on consumables.

Sandvik Exploration is exhibiting at Drill 2014 – which opens in Brisbane, Australia today – highlighting its commitment to the country’s vital exploration drilling sector.