MINING.COM

Impala Platinum transferring 51% of mine stake to Zimbabwe’s government called ‘naive and irresponsible’

South Africa's Impala Platinum Holdings (Implats), the world’s second-largest platinum producer by volume, has agreed to transfer 51% of Zimplats, its subsidiary in Zimbabwe, after long-drawn-out negotiations with the government of that country.

Cecilia Jamasmie | March 14, 2012 | 3:59 pm

UK Coal shares plunge as it considers closing Warwickshire mine

UK Coal's (LON:UKC) shares plunged by more than 28% in late afternoon trading after it revealed it was considering closing a coal mine in Warwickshire.

StockMarketWire | March 14, 2012 | 3:22 pm

Japan buys US$435m Xstrata’s stake in Canadian coal operations

Japanese JX Nippon Oil & Energy acquired a 25% of diversified miner Xstrata Coal operations in Western Canada for US$435 million, creating a joint venture that will build the business and market coal in Japan.

Cecilia Jamasmie | March 14, 2012 | 1:59 pm

Influx of recycled diamonds could depress prices

A respected diamond expert says that an influx of "recycled" diamonds entering the market could depress prices of the precious stones and hurt diamond miners.

Andrew Topf | March 14, 2012 | 1:25 pm

Gold falls to lowest level for 7 weeks and regained platinum premium widens

Improving U.S. economic sentiment bringing prospects of an interest rates rise ahead have strengthened the dollar and meantime weakened the gold price while platinum is again showing a premium over gold.

Mineweb | March 14, 2012 | 12:32 pm

Woulfe Mining sheds 8.5% despite positive gold mine PEA

Woulfe Mining was off 8.5% to trade at 32 cents on the Canadian venture exchange today despite delivering a preliminary economic assessment for its Muguk gold project in Korea.

Andrew Topf | March 14, 2012 | 11:33 am

China consolidates position as World No. 1 gold miner

China's annual gold production continues to grow comfortably maintaining its position as the world's biggest gold miner assuming official statistics tell the full picture - which they may not!

Mineweb | March 14, 2012 | 10:41 am

Down but not out, iron ore prices float to 5-week high

Hope for the beleaguered iron ore sector has come in the form of higher prices and signs that steel demand is picking up in China, Reuters reports.

Andrew Topf | March 14, 2012 | 6:53 am

Western Areas Completes the Acquisition of Kagara Nickel

The Board of Western Areas (TSX:WSA)(ASX:WSA) is pleased to announce formal completion of the acquisition of 100% of Kagara Nickel Pty Ltd ("Kagara Nickel") for A$68 million.

Marketwire - Mining and Metals | March 14, 2012 | 4:53 am

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Peruvian discovery may hold ‘hidden pool’ of rare earths

Global gold, copper, iron ore output down in Q1 — report

Oil sands stakeholder gives Imperial Metals a $25 million helping hand

BHP chief says inquiry into Aussie iron ore market a ‘ridiculous waste’

Platinum price at 6-week high on deficit predictions

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