MINING.COM

“Underground city” copper mine in Minnesota inches forward

A proposal for a large underground copper mine in Minnesota reached a milestone last week.

Andrew Topf | March 29, 2012 | 5:43 am

Canadian crude falls to $47.50 below world price after dropping 14% in one day

Bitumen is expensive to extract, upgrade and refine and cannot compete with the many new shale oil plays, which have pushed US production to its highest level in a decade.

Frik Els | March 28, 2012 | 11:29 pm

Workers for rival miners brawl at pubs

A Port Hedland pub has banned patrons from wearing work uniforms due to rising tensions between the workers of rival Pilbara mining companies.

Australian Mining | March 28, 2012 | 11:19 pm

South Korean companies want to establish 6,000 MW coal power plants in Turkey

Today Energy minister Taner Yildiz said that South Korean companies were interested in establishing 5,000-6,000 MW coal-fired power plants in Turkey.

Penn Energy | March 28, 2012 | 10:47 pm

Mitsubishi pays $81m for 25% stake in PGM mine

Japanese conglomerate Mitsubishi Corp will pay $81.25 million to acquire a 25% ownership in the Marathon PGM and copper project owned by Stillwater Mining.

MINING.com Editor | March 28, 2012 | 9:56 pm

Alberta premier promises $3 billion to help clean up oil sands

Alison Redford, the premier of the Canadian province of Alberta, promised on Wednesday to spend $3 billion on clean-up projects in the oil sands.

MINING.COM Staff Writer | March 28, 2012 | 9:45 pm

Goldman Sachs says buy gold. Right now!

The investment bank argues that gold is not a good long-term investment, but offers a compelling medium term trade.

Frik Els | March 28, 2012 | 8:00 pm

AuRico Gold dumps Australian mines for $105 million

AuRico Gold pulled the trigger on its Australian operations on Tuesday, selling the Stawell and Fosterville mines to Crocodile Gold Corp for up to $105 million.

Andrew Topf | March 28, 2012 | 7:09 pm

In the hole for $18 billion, Rio Tinto finds buyer for Europe alumina business

The world's number three miner bought Alcan's business on the continent in 2007 for $38 billion. So far the $100 billion Anglo-Australian company has been forced to write off $18.2 billion of the purchase price.

Frik Els | March 28, 2012 | 7:05 pm

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Agnico Eagle may expand Nunavut exploration after striking ‘promising’ gold vein

Coal miners First Arch, Peabody hit by lawsuits over retirement plans

Scientists discover bacteria that help with nuclear waste clean-ups

Irish gold mine receives okay to go underground

Petra Diamonds shares fall on lower revenue warning

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