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Hope Fades for Trapped Chilean Miners

The hope of finding the 33 trapped miners alive in Chile is now fast dwindling. Despite frantic rescue efforts to reach the group of miners trapped about 400 meters below the ground for six days there has been no word on the condition of the workers.

12 Aug 2010

ANC Seeks More Control Over South Africa's Mining Industry

The ruling political party in South Africa, the African National Congress (ANC) is seeking more state control of mining.

11 Aug 2010

Zijin Mining Group to Shift Focus from Overseas Expansion to Safety and Environment in China

Toxic leaks, oil spills and fires seem to be plaguing Zijin Mining Group Co. The biggest gold producer in China has decided to slow down its pace of expansion overseas to focus on strengthening the safety and environmental standards at its domestic operations as per a statement made by company Chairman Chen Jinghe.

10 Aug 2010

Ivanhoe Australia Looks to Raise $269 Million for Expansion and Debt Repayment

Ivanhoe Australia (ASX:IVA) is planning to raise up to $269 million for the acquisition of a project to be developed in Queensland and to repay current

From Ivanhoe Mines Ltd 10 Aug 2010

Xstrata Sued by Beef Company Over Spill

A major beef company is suing Xstrata over alleged overflow of chemicals into waterways. The Stanbroke Pastoral Company has launched legal action against the Xstrata run Ernest Henry mine in northwest Queensland near Cloncurry

10 Aug 2010

33 Miners Trapped in Chilean Copper Mine

The 33 miners trapped in a mine in Chile will have to wait even longer to be rescued due to a fresh cave in. The accident occurred in a San Jose mine near the city of Copiapo in north Chile.

9 Aug 2010

Global Geoscience to Sell Guyra Tenement to White Rock Minerals

Global Geoscience Ltd. (ASX:GSC), an Australian based mineral exploration company, is selling a copper gold project in northern part of New South Wales to White Rock Minerals Ltd.

5 Aug 2010

Xstrata: Big Investments

The global recession seems to be dissipating as more investments get planned for the mining industry. Mining giant Xstrata is all set to invest $ US5.3 billion to build a copper mine in Peru and to expand a coal mine in New South Wales, Australia.

5 Aug 2010

Xstrata Announces Strong Half Yearly Results

Mining giant Xstrata has announced positive half yearly results for 2010. In fact the operating profit in its north Queensland copper division was announced at $167 million, much higher than the profits corresponding to the same period last year.

3 Aug 2010

Newmont Earnings Increase 79%, Quarterly Dividend up 50%

Newmont Mining Corporation (NYSE: NEM), one of the world’s largest gold producers, has announced second quarter adjusted net incomeof $377 million ($0.77 per share) compared to $211 million ($0.43 per share) in the prior year quarter.

From Newmont Mining Corporation 28 Jul 2010