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 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.
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.
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'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 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.
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 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.
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 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 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.
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 Mining Co. said yesterday that workers barricaded the entrance to its Kusasalethu mine on the West Rand keeping mine operations shuttered.
South Africa's Chamber of Mines yesterday denied claims that it is launching wage negotiations with mining officials ahead of schedule.
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.
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 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.
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 Limited announced that 345 workers employed by Sandton Plant Hire (SPH) have embarked on an unprotected strike.
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 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 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'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.