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Former Aussie coal magnate Nathan Tinkler buys Anglo American mine

Nathan Tinkler was once Australia's youngest billionaire, but lost it all when coal prices crumbled. (Image from archives) Australian electrician turned mining entrepreneur, Nathan Tinkler, is once again trying to come back to the coal industry after signing a...

Gold on track to record third-straight annual loss

Source: Kitco Metals Live Charts. Gold prices were mostly trading in negative territory Wednesday morning in the U.S. amid light volumes and weak oil prices. February delivery on the Comex division of the New York Mercantile Exchange was last...

Dominion Diamond shareholders revolt, call for changes

Ekati mine aerial view, August 2010. (Image by Jason Pineau, WikiMedia Commons) Displeased shareholders of Canada’s Dominion Diamond (TSX, NYSE:DDC), the world’s third largest producer of rough diamonds by value, are stepping up efforts to force a company overhaul....

RPM and Schneider seek joint opportunities

RungePincockMinarco (RPM) and Schneider Electric (Australia) have signed an agreement to jointly explore business opportunities in the mining industry. The companies will leverage existing customer and partner networks within the industry where they provide software and services. RPM logoRPM...

Thiess awarded UHG contract extension

CIMIC Group’s global mining contractor Thiess has been awarded a four-year contract extension by Energy Resources LLC at the Ukhaa Khudag (UHG) coal mine in Mongolia. The contract extension will deliver Thiess with up to $1 billion of revenue...

Dozens missing in new Myanmar landslide

Dozens are missing and feared dead after a landslide struck a remote jade mining region in northern Myanmar on December 25. It was the second such incident to hit the country's jade industry in five weeks. The landslide occurred...

Malaysian miner seeks Singapore listing

Malaysian gold mining company Anchor Resources, also called Angka Alamjaya Sdn Bhd (AASB), has lodged its preliminary offer document for an initial public offering (IPO) on the Catalist board of Singapore Exchange. Anchor is engaged in the business of...

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