Vale-Fortescue iron ore pact a win-win deal — analysts

Inside sources claim platinum miner Lonmin (LON:LMI) will price an upcoming share offer at a 45% discount to the theoretical ex-rights price (TERP) on Friday, in the hope of raising a total of $800 million.

A new report by Johannesburg-based South Africa Resource Watch (SARW) claims that China is exploiting cheap labor in the sub-Saharan nation and subjecting employees in the mining industry to harsh working conditions.

The chairwoman of the Broken Hill Aboriginal Land Council has declared that she is open to possibility of uranium mining in the region.

Mitsubishi's AUD$6.7 billion Oakajee port and rail project in Western Australia has been put on hold as the company cuts costs in the face of adverse economic conditions and struggles to obtain Chinese investment support.

The prospect of continuing dovish US monetary policy under re-elected US president Barack Obama is lighting a fire under gold ETF investors.

A "mini gold rush" of amateur prospectors has hit the Australian state of Victoria, with families and retirees from state capital Melbourne traveling to Bendigo in the hopes of striking it rich.

FLSmidth has won a contract worth approximately USD 63m (approximately DKK 369m) from the Kazakhstani company, Kazakhmys PLC, to design a copper concentrator and supply all the process technology for a plant to be built at their Bozshakol copper mine in Kazakhstan, 220 km north of the capital Astana.

AngloGold Ashanti (NYSE:AU) CEO, Mark Cutifani, reassured investors on Thursday the firm would turn the corner after several strikes in the mining sector left it with major losses.

Canadian heavy equipment dealer Finning International (TSX:FTT) said Thursday it has been awarded contracts worth a total of $497 million from several Chilean mining companies.