October 17, 2011

Sabotage, deadly clashes shut down Grasberg

China's state news agency reports all production at Freeport McMoran's Grasberg mine in a remote province of Indonesia has been halted after a pipeline was sabotaged, access to the pit…

October 17, 2011

Avala Resources Commences to Confirm Continuity of Mineralization at Bigar Hill, Serbia and Provides Exploration Update

LONGUEUIL, QUEBEC--(Marketwire - Oct. 17, 2011) - Avala Resources Ltd. (TSX VENTURE:AVZ) (the "Company" or "Avala") is pleased to present an update on progress and drill results from the Korkan-Bigar…

October 17, 2011

Cortez Signs LOI for US$2.5 Million to Operate Gold-Silver Processing Plant

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 17, 2011) - Cortez Gold Corp. (TSX VENTURE:CUT) ("Cortez" or the "Company") announces that it has accepted a letter of intent ("LOI") from Banco Base,…

October 17, 2011

IAMGOLD plans to keep on buying

IAMGOLD Corporation, which produces nearly one million ounces of gold each year, is looking is looking for projects capable of 150,000/oz of gold per year and has two million oz…

October 17, 2011

World’s largest mobile sizer for Goldcorp’s Penasquito silver/gold/base metal mine

Mineral processing specialist, FL Smidth, has been awarded a contract to supply the world's largest sizer station to Goldcorp's bi Penasquito silver/gold/base metals operation in Mexico. COPENHAGEN - FLSmidth has…

October 17, 2011

North Bay Resources Inc. (NBRI) agrees to JV on Fraser River platinum project

North Bay Resources Inc. (OTCBB: NBRI) ("North Bay" or the "Company") is pleased to announce that it has signed a Memorandum of Understanding ("MOU") with Devlin's Bench Mining Ltd and…

October 17, 2011

New Gold Agrees to acquire Silver Quest Resources Ltd. consolidates ownership of Blackwater project in British Columbia

New Gold Inc. ("New Gold") (TSX:NGD)(NYSE Amex:NGD) and Silver Quest Resources Ltd. ("Silver Quest") (TSX VENTURE:SQI) today jointly announce a binding letter agreement whereby New Gold will acquire, through a…

October 17, 2011

Zimbabwe’s PM critical of local ownership rules for mining companies

Speaking at an agricultural conference in Johannesburg on Monday, Zimbabwe's PM Morgan Tsvangirai described the country's controversial law requiring foreign mining companies to be majority-owned by local blacks as too…

October 17, 2011

China’s gold output rises 6% in Aug, peaks at 31.89 t

World's biggest gold producer, China, produced 31.89 tonnes of gold in August, which was a 6% increase from the previous month. SHANGHAI (Reuters) - China's gold output rose six percent…

October 16, 2011

Three miners shot dead at world’s biggest gold mine

Gunmen shot and killed three miners in the latest attack near the world’s largest gold mine in eastern Indonesia, officials said yesterday.