Gold faces crucial test this week after dramatic fall rattles traders

Last week gold registered its worst weekly performance for 2012 after a sustained rally in January and most of February. This week would be a crucial test for the yellow metal and a significant break below the $1,700 level could trigger a major sell-off.

MINING.com Editor | March 4, 2012 | 7:00 pm

MICROMINE to launch new Managed Services Solution at PDAC 2012

Leading provider of intuitive software solutions to the mining and exploration industry, MICROMINE will be attending the Prospectors and Developers Association of Canada (PDAC) Annual Convention and Trade Show 2012, being held next week in Toronto, Canada.

MINING.com Editor | March 2, 2012 | 3:47 pm

Thailand’s PTT Plc buys Madagascar coal mine for US$50 million

Bankgok Post reports that PTT Plc has acquired the remaining shares in Perth-based Red Island Minerals for $50.2 million.

MINING.com Editor | March 2, 2012 | 2:54 pm

Ritchie Bros. to conduct mining equipment auction in West Virginia on April 3

Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest industrial auctioneer, will conduct an unreserved public auction at an off-site location in Charleston, WV on April 3, 2012, starting at 9 a.m. More than 100 pieces of mining equipment are already featured in the auction, including wheel loaders, crawler tractors, hydraulic excavators, rock trucks, articulated dump trucks and more. Bidders can participate in the auction in-person, online in real time at www.rbauction.com or by proxy.

MINING.com Editor | March 1, 2012 | 7:14 pm

SGS launches new mobile sample preparation in Burkina Faso

SGS is pleased to announce the opening of our new Mobile Sample Preparation Unit (MSPU) in Ouagadougou, Burkina Faso. The MSPU expands our rock and drillcore sample preparation capacity in Burkina Faso, ahead of our major new laboratory complex being built in Ouagadougou. The MSPU will immediately add an additional 600 samples/day capacity. Coupled with this increase in sample preparation capacity has been a 60% increase in fire assay capacity at our Ouagadougou laboratory with a retooling of the fire assay lab.

MINING.com Editor | March 1, 2012 | 4:42 pm

On the move at Breaker Technology

New appointments to senior technical sales Management at Breaker Technology

MINING.com Editor | February 29, 2012 | 5:02 pm

IFS Applications considered dominant for mining industry enterprise software

IFS Applications has been ranked in the dominant zone for enterprise software for the mining industry by third-party analyst group Technology Evaluation Centers.

MINING.com Editor | February 29, 2012 | 4:08 pm

Happy day: Silver hits 5-month high, gold attempts $1,800 and Dow scales 13,000

Silver’s gains for 2012 now stands at over 30% while gold added more than 180/oz in January and February. The last time the Dow closed above 13,000 was in May 2008.

MINING.com Editor | February 29, 2012 | 1:05 am

Teck chief says not to worry about China’s economy

Canadian resource giant Teck's Chief Executive Officer Don Lindsay told Reuters on Tuesday that concerns over the health of the Chinese economy is overstated

MINING.com Editor | February 29, 2012 | 12:14 am

Teck CEO says zing is back in zinc

Lindsay's comments come despite forecasts of supply outstripping demand by at least 350,000 tonnes (some analysts put the figure as high as 539,000 tonnes) this year further putting pressure on prices.

MINING.com Editor | February 28, 2012 | 11:55 pm

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