WHATS NEW

Will South Africa's unions kill its mines?

Thursday , 02 Sep 2010
Increasingly aggressive stances by unions are creating havoc in South Africa. At Northam Platinum, the union's "demand" of 15%, is in reality a ferocious 27%.

Silver seen as safe-haven cinderella

Thursday , 02 Sep 2010
While not for widows and orphans because of its volatility, a number of analysts expect silver's latest run, it is up15% so far this year, to have a bit more staying power

Ernst & Young reckons mining and metals deal making to accelerate

Thursday , 02 Sep 2010
The value and volume of deals in the global mining and metals sector is set to soar, driven by competition to secure raw materials.

Australian miners should take a stronger social approach in Africa - Coffey

Thursday , 02 Sep 2010
The mining consultancy says Australia's operators should develop a more inclusive approach in their dealings with their African partners to help deliver an increasingly socially workable environment.

Rio Tinto to grow Indian diamond presence

Thursday , 02 Sep 2010
In a major boost to gold and diamond mining in India, mining giant Rio Tinto, which has discovered an immensely rich diamond resource of 37 million tonnes in northern India's Madhya Pradesh state, is set to invest $79 million in the country.

Gold good - but maybe silver better. Both to gain on oil

Thursday , 02 Sep 2010
Ratio followers reckon silver should be a better prospect than gold in the short term, while oil future may not be so positive unless Middle East disruption to supplies.

Gryphon's Parsons reckons gold bull market has only just begun

Thursday , 02 Sep 2010
Gryphon Minerals looking to West Africa as its MD reckons gold is set to continue its upwards path.

Uranium price rise expected as Extract moves ahead with Rossing South

Thursday , 02 Sep 2010
As Extract progresses the big Rossing South (Husab) project in Namibia the prospect is for rising uranium prices ahead.

Chalice Gold looking for 2-year payback on Eritrean gold mine

Thursday , 02 Sep 2010
The Western Australian explorer is upbeat about the potential of its Koka gold project in Eritrea, citing a target cash cost of US$338 per ounce.

China doesn't like BHP Potash Corp bid - report

Thursday , 02 Sep 2010
According to reports in the Wall Street Journal, worries about future supplies of fertilizer, has meant that China's state run Sinochem is looking at a variety of options and has hired HSBC to help

Coal of Africa may resume production at Vele by Q4 2010

Thursday , 02 Sep 2010
The coal miner said it has made progress toward rectifying the environmental issues that have plagued the colliery.

Investors put $155 per share cap on BHP's Potash Corp bid

Thursday , 02 Sep 2010
According to a Reuters poll of 26 BHP shareholders, on average they felt that any offer above $155 would make the deal "prohibitively expensive".

Joy Global posts better-than-expected quarterly profits

Thursday , 02 Sep 2010
The mining equipment maker says it expects to see a recovery in need for its products as miners begin to see an uptick in commodities demand

Indonesia edges closer toward uranium mining and nuclear power

Thursday , 02 Sep 2010
After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

Equinox to look beyond Zambia for expansion

Thursday , 02 Sep 2010
The Perth-based copper miner Equinox Minerals has started a quest for additional acquisitions now that the Lumwana copper project in Zambia is bedded down.

Gold, silver and gold miners ETFs could be on verge of upwards breakout

Thursday , 02 Sep 2010
With gold, silver and gold miner ETFs all close to all time highs, are they poised to move higher still?

Copper stays firm, but eyes focused on Friday's job numbers

Thursday , 02 Sep 2010
The red metal hit a new four-month peak in early trade in Shanghai but worries about the latest set of US payroll numbers out Friday are keeping gains capped

Strong sales boost Harry Winston's Q2 profits

Thursday , 02 Sep 2010
The diamond miner saw a 62% jump in sales during the quarter, which pushed up profits to $16.5m for the period, significantly higher than analyst expectations

Trapped miner saga boosts approval of Chilean president, could help royalty bill

Thursday , 02 Sep 2010
The Chilean president's handling of the an accident that has seen 33 miners trapped has pushed his approval ratings to a new high and could help him to push through a proposed increase in mining royalties

Brazil state registers major mineral deposit discovery

Thursday , 02 Sep 2010
The Mato Grosso state government said Wednesday it has discovered an estimated 11.5bn tonnes of iron ore at a 41$ Fe grade

Vale fails to win controlling stake in Paranapanema

Thursday , 02 Sep 2010
The miner raised its bid for the junior copper miner from Brazil several times in a share tender on Wednesday but, failed to win a controlling stake

Enviros erupt at copper/gold/moly/silver project prospect near Mt St Helens

Thursday , 02 Sep 2010
The prospect of even a small exploration drilling program near the site of one of the worst U.S. natural disasters in modern memory has environmentalists blowing their tops.

Frank Holmes expects gold price to double in 5 years

Wednesday , 01 Sep 2010
With the start of the festive season, September is likely to be a good time for gold and things should continue to do well into 2011

Atlas Copco enters the mobile crushing and screening business

Wednesday , 01 Sep 2010
By buying crusher manufacturer Hartl of Austria Atlas copco is adding another striung to its international equipment bow.

Sundance to make key decision on Mbalam iron project by year-end

Wednesday , 01 Sep 2010
The miner that lost its entire board in a plane crash earlier this year said it is still on track to achieve important project milestones by December

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