US coal-fired plants retiring to peak this year — study

Brazilian miner World Mineral Resources (WMR) has found a large reserve of neodymium, one of the 17 rare earth elements, in the western Bahia state, which could bring US$8.4 billion to the country.

Sanctions against Mali's military junta were lifted on Sunday after the country's coup leaders agreed to step aside, allowing a provisional authority to organize elections within 40 days.

It hasn't been long since Caterpillar Inc looked like the typical resident of the Rust Belt. Having misjudged how deep the U.S. economy would decline, the world's largest maker of construction machinery reduced its workforce by 33,000 people worldwide in 2009, closed plants and posted lower profits.

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.

Environmentalists are giddy over the news that Matt Damon is starring in an anti-fracking film.

Zinc miners are betting a long-running global supply glut of the metal used in steel making will turn into a deficit over the next five years as old mines run dry, sparking massive investment in new projects.

It is hardly surprising that Switzerland, a country known for exports of chocolate and breathtaking mountain vistas not precious metals, would reject a gold mine in its own backyard.

Silver moved into the second quarter displaying a pattern investors are likely becoming all too familiar with, whereby the market shows signs of strength at the opening of the week, responds negatively to a midweek disappointment, and attempts to claw its way back with the approach of the weekend.

This video by mining equipment manufacturer Job Global, more educational than promotional, gives an excellent overview of longwall, versus room and pillar underground coal mining.