Canada’s Capstone puts Chile copper project in back burner

A Chinese magnate, benefiting from his access to diamonds in Zimbabwe, is reported to have ploughed $100 million into the country’s Central Intelligence Organisation to fund covert operations against Mugabe's political opposition.

Copper and gold focused Ivanhoe Australia announced Tuesday that it will cut 50 jobs from its Queensland operations to save around $10 million.

The world’s largest gold company, Barrick Gold, has rehired a former member of its financial team to fill a senior management spot generated when it dumped former chief executive Aaron Regent in hopes of restoring its stock price.

FLSmidth has opened an all-in-one service centre, called a Supercenter, in Renca, Santiago, Chile. The centre is one of eight planned to be built in countries where FLSmidth has signifi- cant mining and cement operations.

Analysts are now saying that the world's second largest economy may not be the "long-term structural importer of thermal coal" suppliers have been betting on.

Giant miner Rio Tinto said Monday that it has started exporting premium hard coking coal from its Mozambique Benga Mine, its first shipment of 34,000 tons has left the Port of Beira and is bound for an Indian steel mill.

US-based precious metals producer Coeur d'Alene Mines Corp said Monday it would evaluate strategic and operational alternatives for its silver and gold Martha mine in Argentina to reduce its high operating costs during the rest of the mine’s short expected life.

London-based Anglo American and Chile's state-owned Codelco did not came to an agreement on Friday over disputed copper assets which has had the miners engaged in a bitter legal confrontation for months.

The justice minister of Ireland did not find a conclusive link between cash for gold shops and increased precious metal burglary in the country, but the minister's study did recommend that the country look at some controls for the industry.