Riding out commodity uncertainty, producers limit output, close plants

While mining firms enjoyed massive profits last year as commodity and metals prices remained elevated in the first half of 2011, the US debt downgrade in August and the eurozone’s wobbles have brought about fresh fears.

Fission could be next in line for uranium M&A, says president

Canadian Uranium junior Fission Energy has signed confidentiality agreements with “all the major players” in the Athabasca basin, president and COO Ross McElroy told Mining Weekly Online on Friday. The companies are interested in Fission’s...

Paladin's Q3 uranium output dips 15%, CEO gets pay cut

Paladin Energy, which produces uranium in Namibia and Malawi, on Monday said output slumped 15% to 1.24-million pounds in the quarter ended September compared with the previous three months, and that CEO John Borshof agreed to a 25% pay cut to...

Slower nuclear uptake could lead to surge in demand for coal, gas - IEA

South Africa's Energy Minister Dipuo Peters hinted to possible delays to the country's proposed deployment of 9 600 MW of new nuclear energy capacity, saying that government’s decision on the matter would be guided by current investigations...

Stans closes rare earth plant acquisition

TSX V-listed Stans Energy said on Thursday it had closed the $5,5-million purchase of a rare earths processing plant as well as a rail terminal in Kyrgyzstan. Kyrgyz Chemical Metallurgical plant historically produced 80% of the former Soviet...

Company Announcement: Africa Needs Nuclear Power

Attached please find a press release on: 
In the wake of the Fukushima nuclear power plant incident, resulting from the recent massive Japanese earthquake and tsunami, and following the anniversary of the Chernobyl nuclear power plant accident...

Kumtor mine, Kyrgyz Republic

An openpit gold mine situated in the Kyrgyz Republic.

Afghanistan has good response on tender for iron-ore deposit

The Afghanistan government would likely finalise an agreement with a preferred bidder or bidders for the massive Hajigak iron-ore deposit in the country by early 2012, a US adviser to the Ministry of Mines said on Wednesday. There had been a good...

Strong rand keeping Sallies fluorspar mines closed

The strong South African currency position is precluding the JSE-listed Sallies from resuscitating its fluorspar operations, which are costing R2,5-million a month to keep on care and maintenance, Sallies chairperson Nicholas Davidoff reports....

Hydropower ousts coal as fastest growing fuel source

Last year was the first time since 2002 that coal was not the fastest growing fuel in the world, oil giant BP said on Wednesday. Hydropower took its place, after OECD demand for coal dropped by 10,4% in 2009 – the steepest decline on record,...

Global economic storm drives Leviev onto the rocks

The Uzbekistan-born Israeli billionaire who shook up the global diamond industry and seemed set to rival De Beers, Lev Leviev, is now trapped in a financial train smash that could threaten his diamond interests.


Aerospace

This feature focuses on the current aerospace industry. It will highlight new legislation, technologies, efforts to bridge the skills gap and provide an insight into new aircrafts. It will also delve into new research and development, the growth...