Brazil gold reserves reach 11-year high
Brazil increased gold reserves for the second straight month, reaching the highest level in 11 years, data from the International Monetary Fund showed Wednesday.
Cecilia Jamasmie , Editor-in-Chief
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Chinese gang caught selling fake gold jewellery to Shanghai pawn shops
Members of a Chinese band that sold silver jewellery covered in a thin layer of gold in Shanghai, causing eight local pawn shops lose about $4.2 billion, were charged Wednesday with contract fraud.
Gold Fields weighs alternatives for Peru’s Chucapaca mine
South African miner Gold Fields (NYSE, JSE:GFI) revealed its initial plan to develop a gold deposit into an open-pit mine in southern Peru isn't feasible.
Nickel miner Talvivaara re-starts plant after radioactive leak
Nickel producer Talvivaara (LON:TALV) said Wednesday authorities have allowed it to re-start the metals recovery plant at its Sotkamo nickel and zinc mine in eastern Finland.
Petronas new Progress takeover offer gives CNOOC fresh hopes on Nexen
China’s bid for Nexen may get a boost if a Malaysian company successfully acquires Canada-based Progress Energy Resource Corp.
Shift miners ill, exhausted and depressed: report
A new study led by Australia’s Griffith University has found shift miners working long hours are more likely to suffer from depression, fatigue and a wide range of illnesses.
MMG submits proposal for Canadian Arctic zinc-copper mine
China-backed metals producer Minerals and Metals Group (MMG) might be the new kid on the Canadian Arctic block, but it is already moving ahead with its plans to build mines in Nunavut in the next six years.
Mining CFOs more pessimistic than the rest of Canada’s financial officers
A lot gloomier than any other Canadian chief financial officer (CFO) are those executives working for mining companies, reveals industry-specific data published Tuesday by GE Capital as part of its Bi-Annual Mid-Market CFO Survey.
Tiffany lends Diamcor $4 million to expand diamond project in South Africa
Canadian diamond supplier Diamcor Mining Inc. (TSX-V.DMI) has secured an additional $4 million loan from its long-term strategic alliance partner Tiffany & Co., to expand the Krone-Endora diamond project in South Africa.
Glenstrata, the new mining king, is born
In what shouldn’t come as a surprise for those following the recent events related to the touted and long delayed $66 billion merger between diversified miner Xstrata (LON:XTA) and commodity trader giant Glencore International (LON:GLEN), the Swiss company's shareholders have approved the deal.
Abasca expands Loki graphite resource in Saskatchewan
The company's upgrades to Loki graphite resource in Saskatchewan, strengthens plans for a PEA and fast-tracks production.