Taseko spending $134 million on Gibraltar, will keep plugging away at Prosperity

Taseko Mines on Wednesday announced it is going ahead with its Gibraltar capital program and is planning to spend $134 million to complete the project by the end of this year. The investment will increase Taseko's share of copper production capacity to 140 million pounds per year. Taseko owns 75% of Gibraltar, located in British Columbia.

MINING.com Editor | January 11, 2012 | 8:30 pm

Drill baby drill! The last time US mining jobs were added this fast Reagan had just taken office

US Labor Department figures released on Wednesday show the country's mining sector added more jobs in 2011 than at any other period since the early 1980s.

MINING.com Editor | January 11, 2012 | 6:00 pm

Paulson’s annus horribilis a ‘curse’ on gold says FT

Hedge fund genius John Paulson had the worst year of his career in 2011. The FT wonders if he will start dumping gold onto the market in a dash for cash.

MINING.com Editor | January 9, 2012 | 10:39 pm

Investors poured $5.9 billion into precious metal funds last year… no thanks to Paulson

Hard Assets Investor reports precious metals ETFs enjoyed solid $5.9 billion inflows last year that brought total assets in the sector to just under $98.5 billion; a figure that represents just under two-thirds of all exchange-traded products including energy and agriculture.

MINING.com Editor | January 9, 2012 | 9:55 pm

US$5 billions worth gold reserves discovery in Ethiopia

The National Mining Corporation (NMiC), an Ethiopian private company, announced the discovery of the largest ever gold and base metal reserves in Oromia and Tigray regional states. NMiC estimates that the 550,000 kg gold reserve at Dawa Okote, in Oromia Regional State is worth almost $US 5 billions.

MINING.com Editor | January 2, 2012 | 2:16 pm

Look to Australia for new tin supply

Peter Kettle, manager of statistics and market studies at the International Tin Institute (ITI), had some interesting things to say about tin at the close of the Investing in Tin conference in London. As reported in Robin Bromby's column in The Australian, Kettle remarks that Australia could be the main source of new tin mine production in the next five years.

MINING.com Editor | December 12, 2011 | 10:34 pm

Indian politicians appeal to accusations of illegal mining

MINING.com Editor | December 9, 2011 | 2:21 pm

China iron ore demand to reach 1.13 billion tons by 2015

China Knowledge reports the Middle Kingdom could experience an escalation in the demand for iron ore according to the Ministry of Industry and Information Technology.

MINING.com Editor | December 9, 2011 | 12:27 pm

Mediterranean Resources announces $1.5 million private placement

Mediterranean Resources Ltd. announces a private placement to raise up to $1,500,850 through the distribution of up to 11,545,000 units at $0.13 per unit.

MINING.com Editor | December 7, 2011 | 1:28 pm

Philippines set to offer 30 coal projects first quarter 2012

The Philippines will offer 30 coal exploration projects in the central and northern provinces, where mining is not yet banned that may need total investments of $600 million at a tender to be held in the first quarter of 2012.

MINING.com Editor | December 3, 2011 | 10:50 am

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