Eaton presents smart mobile valve

While the sordid details emerging from the proceedings are humiliating enough there may be some serious financial implications for Gina Rinehart – mining's 4th richest person with a fortune pegged at around $18 billion – as well. On top of the tax loopholes in family trusts exposed by the Rinehart saga, it has also emerged that Hancock Prospecting has not submitted annual financial statements for the past two years.

After years of on-road and underground testing, PapaBravo Innovations announced the availability of their line of heavy duty 4 x 4, 1 ton electric mining trucks in 2011.

Boart Longyear, the world's largest mineral exploration drilling company, had a record year in 2011 and expects more of the same in 2012 as the mining industry majors continue to demand drill rigs to meet their exploration capital expenditure budgets.

The U.S., Japan and the European Union have filed an official complaint at the World Trade Organization this morning, urging the body to take actions against China’s restrictions on these metals. President Obama warned China that it would not be allowed to gain a competitive advantage in world trade by "skirting the rules."

Shares of Chilean miner Antofagasta PLC (LON:ANTO) were down 3.1% this morning after the company disappointed market hopes for a whopping special dividend and announced instead a cut on dividends and an increased spending on growth projects.

Once the world's biggest gold producer by a huge margin, South Africa's gold production is continuing to dive with an 11.3% fall year on year in January, following an 8.2% drop in December.

MarketWatch quotes  Nomura economist Zhiwei Zhang as saying:  "Overall, economic conditions are getting weaker at a fast pace. The slowdown is happening faster than the government expected."

Caledonia, worth $57 million on the TSX, is up 35% so far this year and ten times the usual volume of 131,000 shares changed hands on Monday.

Goldcorp. Inc. (TSX:G) says development will continue as planned on the $3.9-billion El Morro copper and gold project unless Chile's supreme court upholds a decision that rescinds its environmental permit.