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Bullion trades shoot 138 pct on Indian Commexes

Gold & silver thronged the counters on the Indian commodity exchanges during the first half of the current month as the latest data issued by the commodity markets regulator, Forward Markets Commission (FMC) revealed a staggering over 138% rise in theread more »

Lesotho shareholder dispute court caste postponed – Thabex

JOHANNESBURG (miningweekly.com) – The court case over a shareholder dispute between exploration and development company Thabex and UK-based diamond exploration company Mantle Diamonds has been postponed.In June, Mantle had applied to the High Court ofread more »

Union threatens to down tools at De Beers’ SA operations

JOHANNESBURG (miningweekly.com) - South Africa's National Union of Mineworkers (NUM), on Friday threatened to embark on industrial action across all local operations of diamond giant De Beers. This comes after the miner served workers with section 189read more »

Anglo still talking to Eskom on power plant possibility – Carroll

JOHANNESBURG (miningweekly.com) – Diversified miner Anglo American was continuing its power discussions with South Africa's State utility, Eskom, on the possibility of a power plant being built that would make use of Anglo's discard coal. has largeread more »

RIO Tinto is poised to seal a crucial joint venture with its largest shareholder, Aluminum Corp of China (Chinalco). The deal will underpin development of the massive Simandou iron ore project in Africa and strengthen ties between the mining giant and Beijing. read more »
Commodity Spot Charts
MineWebin parternship withInfoMine
Fri, 30 Jul 2010
A better nickel price has seen Indonesia's largest nickel miner substantially increase H1 revenues and profits.
Fri, 30 Jul 2010
Sundance Resources says it Mbalam iron ore project in Cameroon is still on track despite air crash which killed the company's entire board of directors.
Fri, 30 Jul 2010
De Beers has announced that it is considering offers for its Finsch diamond mine and its currently-suspended Namaqualand alluvial operation.
Fri, 30 Jul 2010
Analysts expect the move to help the Chinese firm diversify beyond the volatile aluminium market
Fri, 30 Jul 2010
The miner announced a doubling of first-half profits but said its Minas Rio project would probably not start producing in 2012 as planned
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Mining Field: Rock Mechanics Area: Ground Control (Rule#19)
A mechanical rock bolt installed at 30 degrees off the perpendicular may provide only 25% of the tension produced by a bolt equally torqued that is perpendicular to the rock face, unless a spherical washer is employed. read more »



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