Mineweb

News of Mongolia coalmine launch puts foreign investors on alert

Posted on February 24, 2013

Mongolia will begin producing coal from a block of its giant Tavan Tolgoi mine this year, a senior official at the state-run company in charge of the deposit said on Friday, a step that may give foreign firms a way into the …

Newmont increases attributable gold reserves by 400,000 ozs to 99.2m ozs

Posted on February 24, 2013

“We were pleased to return the highest dividends of the gold industry on a per share basis on 2012,” said Gary Goldberg, Newmont’s President and COO.

Coeur Mines’ key to a strong future could lie within its past

Posted on February 24, 2013

Idaho-based Coeur d’Alene Mines anticipates higher silver and gold production this year, after overcoming fourth-quarter 2012 challenges at Palmarejo and San Bartolome.

Is AMCU the future of SA labour relations?

Posted on February 24, 2013

The problem with the Association of Mineworkers and Construction Union (Amcu) is that it is never quite where other people want it to be.

Nautilus CEO opens up on PNG dispute

Posted on February 24, 2013

Nautilus Mining CEO, Michael Johnston,walks shareholders through the various points of contention between it, the PNG government and the launch of its Solwara 1 mining project.

Chinese infrastructure giant eyeing Canadian gold

Posted on February 16, 2013

Sona Resources says it has brought a Chinese engineering, procurement and construction firm, China Machinery Engineering, on board to help arrange financing for a gold mine restart in BC.

Gold edging closer to upside breakout – Nichols

Posted on February 3, 2013

A number of factors suggest that gold has found a base between $1650 and $1690 and is poised to move up through $1700, form a new base at that level, and from there move onwards and upwards.

Gold bull market to pause in 2013 – Savant

Posted on December 26, 2012

Many gold analysts are forecasting much higher gold prices in 2013.

Superstorm Sandy a huge worry for India diamond exporters

Posted on November 1, 2012

Superstorm Sandy, which has devastated the United States, has wreaked a different kind of havoc with Indian diamond exporters.

U.S. Labor Department announces $1.15 million Crandall Canyon disaster settlement

Posted on September 29, 2012

A settlement in the "tragedy that should have never happened" is awaiting final approval by a federal judge.

Five people shot at Gold One – police confirm

Posted on September 3, 2012

Police spokesperson, Captain Pinky Tsinyane, has confirmed a shooting incident at Gold One's Modder East operations today that has left 4 people injured and another critical.

Platinum:gold ratio falls further

Posted on August 11, 2012

While the near term outlook for platinum remains rather poor, both HSBC and Barclays remain positive on its long term fundamentals.

Canaco shares jump on news of mystery Chinese JV partner

Posted on August 5, 2012

Canaco got a boost of confidence from investors after it announced signing on a Chinese gold producer as a potential partner on to its Magambazi gold project.

Gold explorers poppin' in the heat of summer

Posted on August 5, 2012

No doubt investors are attracted to juniors with shiny new targets. Makes you wonder, however are some of the big boys being unfairly ignored?

Is supply mining's next big issue?

Posted on July 4, 2012

Some commentators think supply side issues will be the burning question for miners in the next 12 to 18 months, others are not quite as sure.

Rough prices 'out of kilter' as diamond sector staggers

Posted on July 2, 2012

According to RBC Capital markets, current price weakness in the diamond sector is likely to continue, most likely into 2013, on the back of slowing growth and discrepancies between rough and polished prices.

South African mining's top leaders to hammer out new vision for the industry

Posted on May 28, 2012

A meeting of top South African mining stakeholders is to take place in Midrand involving mining companies, trade unions and government with the intention of finding a consensual way forward for the country's key mining industry.

Codelco confident of reaching 2012 target despite Q1 drop

Posted on May 24, 2012

The world's top copper producer, Chile's Codelco, said on Wednesday its output fell 10 percent in the first quarter from a year earlier to 373,000 tonnes, but said it was on target to produce 1.708 million tonnes this year.

Is this Baja Mining's ‘Et tu, Brute?' moment?

Posted on May 7, 2012

A recent turn of events in an escalating fight between Baja Mining and dissident shareholder, Mount Kellett Capital Management, might seem to share a little of the plot from William Shakespeare's Julius Caesar: Faithful directors once opposed to this very dissident group that has demanded a shakeup of management and directors suddenly cross the line to support the very force trying to oust incumbents to which they were once loyal.

Asmara copper and zinc project minelife jumps 50%

Posted on May 6, 2012

In a new prefeasibility study Sunridge Gold pulled four deposits together into a single mining scenario at its Asmara copper-zinc project in Eritrea for the first time, giving it added minelife and net present value.

Avanti outlines silver credit as key to financing Kitsault moly project

Posted on May 2, 2012

Avanti Mining (TSX-V: AVT) put legs under its business plan to sell a silver stream from its Kitsault molybdenum project in BC, Canada, outlining results of metallurgical tests that show it could recover substantial amounts of silver in a lead-silver concentrate with few modifications to its proposed processing circuit.

Syria trying to sell gold reserves as sanctions begin to bite – sources

Posted on April 19, 2012

Syria is trying to sell gold reserves to raise revenue as Western and Arab sanctions targeting its central bank and oil exports begin to bite, diplomats and traders said.

Eldorado's Greek, Romanian assets will help grow gold output 160%

Posted on April 13, 2012

Eldorado Gold's updated guidance stresses the integration of newly acquired assets in Greece and Romania to help achieve 1.7 million ounces of gold production company-wide in five years.

India's import duty stifles diamond "round tripping"

Posted on March 27, 2012

India's polished diamond trade saw a sharp decline in February following the imposition of a2% import duty by the Indian government on polished diamond imports on January 17, 2012.

Baja Mining eyes $1bn manganese upside at Boleo

Posted on January 4, 2012