CST Mining sells 70% stake in Peru copper mine for $505 million
CST Mining is selling its 70% stake in the Mina Justa copper project in Peru for US$505 million.
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New IMF figures show at current rate central banks will buy almost 700 tonnes of gold this year
11 countries bought just under 58 tonnes of gold in March. That compares to combined purchases of 439.7 tonnes by the world's central banks last year. That already was an almost fifty year high.
Company taking another run at Kentucky coal mine
Associated Press reports that Western Kentucky Minerals is making a second attempt at getting a 700-acre surface mining operation near Owensboro approved.
Newcrest Mining cuts gold production forecast
Newcrest Mining, the world's No.3 gold miner, on Tuesday cut its production forecast for this year, saying its major projects had struggled to reach output targets.
Record revenues for Teck despite lower metals prices
Teck Resources fought against lower metals prices to post record revenues for the first quarter.
As more cracks in the Eurozone emerge, investors buy more sovereign debt instead of gold
It seems that investors have shrugged off the latest developments around the world, in particular the Eurozone and are looking for direction from the US Federal Reserve.
Bass Metals Ltd appoints Minasco Australia for asset realisation
Minasco Australia has been appointed by Perth based miner, Bass Metals Ltd, for the realisation of their complete 1.5MTPA poly-metallic flotation plant facility at Hellyer mine site in NW Tasmania.
Nova Scotia government to decide between gold mine or Christmas tree farm
Nova Scotia's natural resources minister Cleve Higgins will have to decide soon whether an Australian mining conglomerate or a Christmas-tree family farm has the rights over eight-hectares of land in Moose River, near Middle Musquodoboit.
First Nickel shares collapse after ordered to stop operations at flagship mine
Canadian First Nickel Inc (TSX:FNI) shares were down almost 22% this morning (11:11 ET) to 70 Canadian cents, after the company was ordered to stop work at its key mine Lockerby by The Ontario's Ministry of Labour over safety issues.
