May 24, 2012

Newmont applies substantial cuts to investment in controversial $4.8 billion Conga project in Peru

World number two gold producer, Newmont Mining Corp. (NYSE:NEM), will spend $440 million on the controversial Conga mine project in Peru over the next 18 months, about two-thirds less than…

May 24, 2012

MineARC partners with RCT and designs mining TBM chamber

MineARC Systems and Remote Control Technologies (RCT) are set to release a new range of products into the mining industry that offer an ‘all-in-one’ solution to clients.

May 24, 2012

New drone technology has mining applications

Aerial survey company Bluesky has launched a fast response aerial survey service using state of the art unmanned aerial vehicles (UAV) or drones. The technology, originally developed by the military,…

May 24, 2012

Good governance and corporate responsibility in focus at Euro Mine Expo

Presentations from Northland Resources and SRK Consulting will focus on good governance and corporate responsibility of new mining operations at the forthcoming Euro Mine Expo event from June 12-14, 2012…

May 23, 2012

Bluesky launches unmanned aerial vehicle

This drone (see attached a high resolution image) looks a bit like a stealth bomber to me but it has a wingspan of under 1 metre and is designed for…

May 23, 2012

Will ‘peak gold’ exploration continue to grow?: USGS’ Micheal George

Global gold production is at an all-time high, according to a new report from the US Geological Survey. In this exclusive interview the Survey's Mineral Commodities Specialist Micheal George pinpoints…

May 23, 2012

Asian Mineral Resources says no to Norilsk Nickel’s $22 million offer

Asian Mineral Resources' board is recommending that the shareholders turn down Norilsk Nickel's $22.3 million offer or 11 cents a share.

May 23, 2012

Copper ETFs: The horror! The horror!

A letter from US wire manufacturers to the SEC states this type of investment vehicle in copper would “grossly and artificially inflate prices” and “wreak havoc on the US and…

May 23, 2012

ABB commissions control system at Dannemora’s new sorting plant

System 800xA will maximize process overview while minimizing manual operations at sorting plant

May 23, 2012

Zuckerberg lost $1.5 billion in 24 hours, but he wasn’t the unluckiest billionaire. Batista was

The declines wiped $1,744,800,000 from Batista's personal fortune in one day, which means he fared worse than Mark Zuckerberg who suffered more than $1.5 billion in losses as a result…