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Draining flooded mines to take weeks

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Australia's flood-stricken coal industry is facing lengthy disruptions, with one miner saying it may take weeks to drain its pits of water.

Blaze shuts Xstrata mine

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A fire has caused Australia's Blakefield South coal mine in New South Wales state to close down, says owner Xstrata.

Harmony’s Hidden Valley faces legal battle

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Harmony Gold’s Hidden Valley JV in Papua New Guinea is again facing legal action over damage caused by mine-related sediment to landowners along the country’s Watut River.

Zim given diamond sale go-ahead

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Zimbabwe has been granted permission to continue conducting supervised sales of diamonds mined at the controversial Marange fields, says a government official.

Japan anxious over rare earth supplies

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Japan's Trade Minister Akihiro Ohata will visit China as soon as possible to talk to officials there to secure supply of rare earth minerals.

HSBC ups gold outlook

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HSBC Holdings has raised its 2011 gold price forecast to $1,450 an ounce, citing expectations that investors will be attracted to the metal as a haven from risk.

Anglo ties-up Scaw Metals assets deal

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Anglo American has completed the sale of Scaw Metals assets Moly-Cop and AltaSteel to Australian steel manufacturer OneSteel.

Higher demand outlook aids copper rally

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Copper is continuing its record-breaking run, buoyed by positive manufacturing data from around the world.

Richards Bay coal exports rise

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The Richards Bay Coal Terminal managed its best performance in three years during 2010, but the amount of coal being exported remains way below its installed capacity.

Manuel speaks out on acid mine drainage

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Minister in the Presidency Trevor Manuel has hit out at critics of his stance towards acid mine drainage, saying his detractors are part of a campaign to sow panic.