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Mining.com News

  • Commodities rise after Fed leaves low rates intact - Commodities prices are benefitting from the Federal Reserve's decision to leave interest rates at record lows to help boost economic growth. Metals, energy and grain prices settled higher Tuesday. The key exception was natural gas, which fell.
  • Commodities rise after Fed leaves rates low - Metals, energy and grain prices rose Tuesday as the Federal Reserve left interest rates at record lows, which pushed down the dollar. The Fed concluded that the U.S. job market is stabilizing, but also that consumers may be hesitant to spend more because
  • IPE Real Estate's Top 100 finds Swiss investors favour property - EUROPE Four Dutch pension funds are among the top 10 institutional real estate investors but Swiss pension funds tend to have the highest allocation to the sector, according to IPE Real Estates inaugural Top 100 institutional real estate investors. A
  • Mining Firms Snub Parliament for 3rd Time, on Ministry Orders - Two diamond mining firms, given government's approval to mine the controversial Chiadzwa diamond fields, have snubbed a parliamentary probe into their operations for a third time, apparently under mining ministry orders. Officials from Mbada Investments
  • Novelis Selected as Leading Supplier of Aluminum Sheet for New Audi A8 - -- Novelis announced today that it has been selected as the main supplier of aluminum sheet for the redesigned Audi A8 luxury sedan. Audi has long been a pioneer in incorporating lightweight design into its vehicles and is taking this to a new level

    • Australia Mining News

  • Boart Longyear launches Surface Set XP drill bits - Boart Longyear has released a line of surface set bits, which include 11 configurations designed to yield deeper penetration and reduced rod tripping.
  • Coal subsidy claims under fire - Bligh Government claims that taxpayers have been subsidising the Queensland coal industry "over decades" should be scrutinised by State Parliament as a matter of urgency, according to the Queensland Resources Council.
  • Imbiber Bead polymer spill control system from Enware Australia - Enware Australia has released the Imbiber Bead polymer system, an environmental spill capture system that will not release waste under any conditions once it has been absorbed.
  • NSW Minerals Council slams court decision on land access - The Supreme Court's recent decision on land access agreements would effectively stop exploration and make it impossible to do business in NSW, according to NSW Minerals Council CEO Dr Nikki Williams.
  • QME exhibition space 90% sold out - Queensland's longest-established and largest resources industry show, the Queensland Mining & Engineering (QME) exhibition, is 90% sold out.

    • Mining Journal

  • European Goldfields moves a step closer to Romanian mine - European Goldfields Ltd has received another key approval for its 80%-owned Certej gold-silver project in Romania.
  • Fortescue expands Solomon production target - West Australian iron-ore producer Fortescue Metals Group has upped the production target for its third mine and planted a US$8.9 billion price on the next stages of its expansion.
  • Gem Diamonds records a profit - A cost-cutting strategy to combat the effects of the global financial crisis has guided Gem Diamond Ltd to a profit for the year to end-December.
  • London Stockpile: Pricing disputes impact market - News surrounding commodity prices has been prominent in recent weeks, and has boosted some companies' position on the London market. The Mining Journal editorial team takes a look at the past week’s proceedings.
  • Vale looks to contractors - Vale will continue with plans to increase nickel production at its strike-bound Canadian operations by hiring outside workers, the company announced.