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Shandong Gold-Mining to invest CNY 35 billion in Laizhou between 2011 and 2015

Shandong Gold-Ming will invest CNY 35 billion (USD 5.59 billion) in Laizhou, Shandong Province, China, between 2011 and 2015 to build nine gold industry chain projects and four gold mines with a daily processing scale of 60,000 tons to 120,000 tons.

Polyus Gold may expand facilities at Kuranakh

Polyus Gold may consider an expansion of production facilities at the Kuranakh gold deposit in Yakutia in 1Q 2013, the company's CEO German Pikhoya said during a conference call.

Newcrest Mining issues production report for quarter ending September 2012; Gold production down 21.6% YoY

On October 18, 2012, Newcrest Mining Limited issued its quarterly report for the three months ending September 30, 2012.

COSATU North West launches mass action against exploitation

The Congress of South African and Trade Unions with its affiliates is starting its rolling mass action against the exploitation of workers and the attitude of some councillors towards service delivery to the poor communities who elected the same councillors.

Solidarity: 220 of 225 Fluormin workers to be laid off before year's end

South African union Solidarity announced today that about 220 workers at Fluormin's Witkop fluorspar mine in the North West province will be laid off before the end of the year.

Xstrata still analyzing expansion project for Collahuasi

Xstrata's CEO Charlie Sartain said that there will be "no progress on the feasibility study [of the Collahuasi mine] until we have full confidence that we are meeting business objectives."

Polymetal hopes to sell precious metal concentrates to Japan, Korea

Polymetal International has made several trial shipments of precious metals concentrates to Japan and South Korea and is planning talks on further supplies, Polymetal's CEO Vitaly Nesis said in an interview.

Regional court sides with RUSAL in Norilsk Nickel buyback dispute

The Krasnoyarsk regional court has deemed that Norilsk Nickel and Vladimir Potanin's Interros are affiliated bodies, thus siding with UC RUSAL's claim.

Village Main Reef: Workers return to Blyvoor mine

Village Main Reef Gold Mining Co. said today that striking workers at its Blyvoor mine have returned to work after having accepted a wage increase proposal from the company's management.

North West province family says Implats owes millions due to unfair use of land

A family in South Africa's North West province is seeking millions of rand in damages from Impala Platinum (Implats), claiming that the company has used its land for 36 years with zero compensation.

Polymetal likely to cut 2013 capex by 16%, expects reserves upgrade

Polymetal International is likely to cut its capital expenditure by 16% in 2013 to USD 210 million-USD 250 million, provided no new assets will be purchased by the company, Polymetal's CEO Vitaly Nesis said in an interview.

Gold Fields still trying to get workers to disarm, strike continues

Gold Fields spokesman Sven Lunsche said today that the disarming of striking workers at the company's KDC West mine is a solid step toward avoiding the need to evict workers from their hostels.

Gold One Int'l suspends 14,000 striking workers

South Africa's Gold One International Ltd. yesterday suspended 14,000 workers on strike at the company's Cooke 4 shaft in Ezulwini on the West Rand.

Harmony Gold: Kusasalethu mine still closed as workers barricade entrance

Harmony Gold Mining Co. said yesterday that workers barricaded the entrance to its Kusasalethu mine on the West Rand keeping mine operations shuttered.

South African Chamber of Mines denies early negotiation claims

South Africa's Chamber of Mines yesterday denied claims that it is launching wage negotiations with mining officials ahead of schedule.

Newmont plans job cuts in Indonesia as production lags

Newmont cut its 2012 production target forecast for its Batu Hijau Indonesian mine from 114,000 ounces of gold and 192 million pounds of copper to 71,000 ounces of gold and 170.6 million pounds of copper.

Inner Mongolia Rare-Earth to participate in asset reorganization between Ganzhou Chenguang, Sunyoung

Inner Mongolia Rare-Earth announced on September 27 that the company will participate in the material assets reorganization between Ganzhou Chenguang Rare Earths New Material Shares CO., Ltd. and Sunyoung Properties Co., Ltd.

Norilsk Nickel approves capex cuts for 2012

MMC Norilsk Nickel has announced that the company’s board of directors has approved a reduction in investment expenditure for 2012, as proposed by the management.

BHP Billiton Limited awards Macmahon Holdings Ltd. AUD 200 million Olympic Dam contract extension

BHP Billiton Limited has awarded Macmahon Holdings Ltd. a three-year extension of its Underground Development Services (UDS) contract covering the company's Olympic Dam project in South Australia.

Russia boosts titanium and magnesium production

According to Russia's federal statistics agency, the country's output of raw titanium rose by 31.8% during the first eight months of 2012.

Petmin Ltd warns of unprotected strike by contractor employees at Somkhele mine

Petmin Limited announced that 345 workers employed by Sandton Plant Hire (SPH) have embarked on an unprotected strike.

CoAL takes financial director to court over breaches of duties

Coal of Africa Limited (CoAL) CEO John Wallington said that the company has initiated proceedings to take former financial director Blair Sergeant to court over breaches of duties by Sergeant on a transaction in 2009 and 2010.

Miranda Gold, Agnico-Eagle terminate Ester Dome, Alaska project

Miranda Gold Corp. said its has received a notice of termination of the exploration agreement with option to joint venture with Agnico-Eagle, on Miranda's Ester Dome project in the Fairbanks mining district of Alaska.

Shares of Sundance Resources pulled from trading pending announcement of Hanlong's takeover bid

Shares of Sundance Resources have been suspended from trading in anticipation of Hanlong Mining Investment's forthcoming USD 0.45-per-share bid for the company's stock. The offer was expected to be announced on Tuesday.

Chile copper production up 7.8% YoY

Chile's copper production rose 7.8% YoY in August to 462,643 tonnes. Chile, the world's largerst copper producer, produced 414,339 tonnes of copper in July, corresponding to a 9.8% YoY increase but an 8.5% MoM decrease.