June 5, 2013

Glencore Xstrata shelves $139 million copper mine expansion project

Company confirmed Wednesday it had dismissed contractor Macmahon Holdings, which was hired for the project.

June 5, 2013

Mongolia shakes its ‘Asia’s mineral state’ reputation, pushes renewables

Government will also introduce new environmental laws.

June 5, 2013

Dilbert cartoon calls out Krugman

Penchant for engaging in vitriol.

June 5, 2013

South Africa labour minister feeling pressure over Lonmin killing, talks to unions

Pressure on the government to find solutions is mounting.

June 5, 2013

Road blockade forces Rio Alto to suspend production at its Peruvian mine

Local activists are protesting the Peruvian judicial system, the local district attorney and the state police force.

June 4, 2013

Kinross Gold first-quarter results

Earnings dipped from $196 million to $170 million and production increased from 588,358 to 648,897 ounces, year-over-year.

June 4, 2013

Nevada gold and silver miner rockets 18%

Investors now see huge value in oversold precious metal producer Allied Nevada.

June 4, 2013

Falling commodity prices hit Aussie miners the hardest: profits fall 49%

The world's 40 largest miners announced a massive $45 billion in writedowns last year.

June 4, 2013

Centerra Gold holds key talks with Kyrgyzstan over Kumtor ownership

Parties are currently considering a potential restructuring deal to form a joint venture that would own Centerra's flagship Kumtor project.

June 4, 2013

Weapons-smuggling ship found in the US may be filled with gold

It was used to smuggle guns to revolutionaries in Haiti, carried money and gold and it was at the centre of a mutiny.