Allegiance Mining has advised its shareholders to accept a revised takeover offer from Zinifex valued at A$1.10/share.  The offer is final as to price, in the absence of a superior proposal.

Gold Fields has been one of the South African companies that has been quickest to update on the impact of the power rationing on South African mining. Gold Fields’ production for the current quarter is forecast to decline by between 20% and 25% against the December quarter, as a result of the total suspension of production for one […]

Dialight recently reached an agreement with Rio Tinto Energy America to install its LED based SafeSiteTM and LEDBright fixtures throughout many coal mining and crushing facilities, thus improving safety dramatically and decreasing maintenance and energy costs in these locations. The rugged solid state design of these newly released fixtures creates a new era where failed lamps […]

The coal crisis continues, with many countries suffering power outages due to coal supply problems. Macquarie Research says “the strong surge in spot coal prices in recent months, both for coking and thermal, has made forecasting contract price outcomes virtually impossible. We have known for some time that our previous forecasts were way too low, […]

High River Gold Mines’ 85%-owned Russian subsidiary, OJSC Buryatzoloto has acquired a 100% ownership interest in the Chaya nickel deposit, as the successful bidder in an auction conducted on February 22, 2008 in Ulan Ude by the Russian Ministry of Natural Resources. The cost to acquire this mining license was 260 million rubles (approximately $10.6 million). […]

Hecla has reported the highest revenue and cash flow in its 117-Year History, as well as record low silver cash costs. Kinross has also reported records and declred its first divided.