MINING.com Editor, Author at MINING.COM

Thanks a bullion Ben, you’ve given gold its best start since 1980

Bloomberg reports gold traders are upbeat about the prospects for the gold price for the fourth week in a row after the Fed's interest rate move gave gold the best start to a year since 1980. Gold has risen 10% since the start of the year, rebounding from the first quarterly decline in three years and scaling the $1,700 an ounce level for the first time since December 9.

MINING.com Editor | January 28, 2012 | 12:32 am

Gold price: No taper could bring 'relief rally'

Bernanke kicks gold over $1,700 bar

The US Federal Reserve on Wednesday pledged to hold interest rates at levels near zero until late 2014. The surprising announcement sent gold soaring in afternoon trade and the yellow metal scaled the $1,700 an ounce level for the first time since December 9 last year as investors – worried about cheap money flooding markets – turn to gold as a storer of wealth.

MINING.com Editor | January 25, 2012 | 11:53 pm

STUDY: South African mining to remain stagnant

South Africa’s attractiveness for mining investment plummets

A new survey out Tuesday shows South Africa’s appeal for mining investment has declined dramatically since 2006 and the country now ranks a lowly 67th out of 79 countries in the study.

MINING.com Editor | January 24, 2012 | 2:45 pm

Toyota says could bring rare earth substitute for hybrid cars to market within two years

Reuters reports that Toyota has developed a technology to substitute rare earths used in its hybrid vehicles. The company, which has a strong lead in environmentally friendlier car sales around the world said it would be able to bring the technology to market within two years if REE prices don't fall.

MINING.com Editor | January 24, 2012 | 1:05 am

2012 continues to be good for gold

Comex gold and silver futures prices made strong gains in morning trade Monday, with the February gold contract powering to a six week high of $1,679.50 an ounce, up just shy of 1% by midday. Gold is now up over 5% for the year, but still well of the record high above $1,900 hit in September.

MINING.com Editor | January 23, 2012 | 5:44 pm

S&P500 here we come! Investors cheer US Gold and Minera Andes merger

Stock in both US Gold Corp and Minera Andes charged ahead more than 7% in morning trade on Friday after announcing that their respective shareholders voted in favour of a proposed business combination. The new entity, with projects in the US, Mexico and Argentina will be named McEwen Mining and headed by industry veteran Rob McEwen.

MINING.com Editor | January 20, 2012 | 6:07 pm

Panel to check Teck’s Frontier Oil Sands potential for “significant adverse effects on the environment.” Review can take 6 years

Peter Kent, Canada's environment minister on Friday referred Teck Resources's newly acquired Frontier Oil Sands project in northern Alberta to an independent review panel because of the propose mine's "potential for significant adverse effects on the environment. "

MINING.com Editor | January 20, 2012 | 5:44 pm

Pan American Silver to step up as Rio Grande says sayonara to cyanide ban

Vancouver-based Pan American Silver Corp said on Friday it will speed up the development of its Argentina gold project this year after the Rio Negro provincial legislature lifted the ban on the use of cyanide, crucial in the extraction process of gold.

MINING.com Editor | January 20, 2012 | 2:01 pm

Northern Gold and Wahgoshig First Nation are working together on Garrison

Northern Gold Mining Inc. (TSX VENTURE:NGM) and the Wahgoshig First Nation jointly announced on Friday that a strong cooperation and working relationship has developed since Northern Gold first began working on the Garrison Gold property two years ago.

MINING.com Editor | January 20, 2012 | 12:00 pm

Ekati output down 29% as it enters twilight years

IDEX News reports BHP Billiton's Ekati diamond mine produced 481,000 carats in the last quarter of 2011, a 29% decline compared to a year ago. 80%-owner BHP Billiton wants to sell the mine, but Ekati could fetch only $300 million to $500 million a new report shows.

MINING.com Editor | January 19, 2012 | 11:30 pm

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