MINING.COM

Hiring heavy hitter, takeover speculation fail to boost Guyana Goldfields

Nothing the company has done so far to assuage investors about its Aurora gold project has been successful and after dropping 5.5% on Monday it is now down over 60% since the start of the year.

Frik Els | April 23, 2012 | 10:05 pm

$30 billion Olympic Dam now even bigger

World number one miner BHP Billiton on Monday bought five additional exploration plots near its giant Olympic Dam mine and expansion project, destined to become the world's largest open pit.

Frik Els | April 23, 2012 | 9:57 pm

Rick Rule: Why I’m excited about this gold market

After a reasonably long period of sustained and occasionally dramatic escalations, commodity markets in general, and precious metals markets in particular, have declined. This is normal and healthy behavior, even if it is uncomfortable for some market participants.

Casey Research | April 23, 2012 | 9:40 pm

Patriot Coal shutters another mine

Patriot Coal has closed another mine, bringing to four the number of its coal operations shut this year due to continuing weakness in market demand. The St. Louis-based company is idling the Freedom underground mine in Kentucky, giving 60 days notice to its employees.

Andrew Topf | April 23, 2012 | 9:21 pm

Prosperity Goldfields Corp. and Smash Minerals announce completion of amalgamation

Prosperity Goldfields Corp. ("Prosperity") (TSX VENTURE:PPG) andSmash Minerals Corp. ("Smash") (TSX VENTURE:SSH) provide an update on their amalgamation and the core drilling program at Prosperity's Kiyuk Lake gold property, Nunavut.

Marketwire - Mining and Metals | April 23, 2012 | 8:09 pm

South Korean group exits $324 million deal with Cockatoo Coal

A South Korean conglomerate has cited global economic uncertain as a key reason for pulling out of a US$324 million deal with Australia-based Cockatoo Coal.

Andrew Topf | April 23, 2012 | 7:44 pm

Human Rights Watch: Think twice about investing in Zambia copper mine IPO

China's state-owned CNMC's Hong Kong IPO could raise as much as $500 million.

Frik Els | April 23, 2012 | 7:41 pm

Cape Breton coal project gaining traction

A past-producing colliery in one of North America's oldest coal mining belts is on its way to resuming production, says a story today in Halifax Media Co-op.

MINING.com Editor | April 23, 2012 | 7:09 pm

Copper or cannabis? Michigan mine could grow pot for patients

A shuttered mine in Michigan's Upper Peninsula is attracting some unusual publicity, with persistent rumours that the owners are considering growing medical marijuana.

MINING.com Editor | April 23, 2012 | 5:54 pm

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