September 23, 2011

Panicked traders send gold, silver and copper into ‘downward spiral’

December gold suffered another day of steep losses, dropping $82 an ounce, or 4.7%, to $1,659.50 in New York in noon trade on Friday, as investors were forced to raise…

September 23, 2011

Woulfe Mining publishes Sangdong Mine interim NI 43-101 resource report

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 23, 2011) - Woulfe Mining Corp. ("Woulfe" or the "Company") (TSX VENTURE:WOF)(OTCQX:WFEMF) is pleased to announcethe publication of the interim NI 43-101 Resource Report for…

September 23, 2011

Ivanhoe Mines to issue statement on Monday, September 26, on challenge to unauthorized remarks about Oyu Tolgoi project

SINGAPORE, SINGAPORE--(Marketwire - Sept. 23, 2011) - Ivanhoe Mines (TSX:IVN)(NYSE:IVN)(NASDAQ:IVN) founder and Chief Executive Officer Robert Friedland said today that the company will issue a statement on Monday, September 26,…

September 23, 2011

Dorato receives final drill results from phase I Cobrecon drilling

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 23, 2011) - Dorato Resources Inc. ("Dorato" or the "Company") (TSX VENTURE:DRI)(OTCQX:DRIFF)(FRANKFURT:DO5) announces receipt, from Minera Afrodita, of final drill results from the first phase…

September 23, 2011

Chinalco hopes to develop bauxite mines in Guinea

Aluminum Corp of China (Chinalco), the country's top aluminium producer, hopes to develop bauxite mines in Guinea, the world's top of exporter of the raw material. Luo Jianchuan, a senior…

September 23, 2011

Commodities: Copper hits lowest mark since 2008

Copper futures have hit their lowest mark since 2008 after a China factory index signalling contraction fuelled rumours that demand for metal will fall amid signs of economic slowdown. The…

September 23, 2011

Peru’s Congress approves raised mining taxes and royalties

Peru, a top global producer of precious and base metals, expects $42 billion in mining investments over the next decade and Congress has approved new legislation that will see miners…

September 23, 2011

Gold premium over platinum seen rising to record: commodities

Gold cost 3.1 percent more than platinum in London yesterday, compared with an average discount of 39 percent over the past decade, data compiled by Bloomberg show. The metal may…

September 23, 2011

Copper, Nickel, Tin Slump on European Debt, Global Growth Risk

Sept. 23 (Bloomberg) -- Copper dropped to the lowest in more than a year while nickel and tin plunged as the deepening European debt crisis and threat of a U.S.…

September 23, 2011

Mongolian ministers assigned to renegotiate foreign mining deal

The Mongolian Cabinet Office would ask Canadian and Australian mining companies to renegotiate the Oyu Tolgoi copper-gold mining agreement, local media reported Thursday. Chimed Khurelbaatar, chief of the Cabinet Office…