The world's largest primary silver producer and Mexico's second largest gold producer, Fresnillo PLC reached record gold production levels and says it remains confident that it will meet its gold and silver production targets for 2012.
Vancouver's Pan Global Resources Inc (TSX-V:PGZ) added 20% on Wednesday on higher than usual trading volumes, after announcing it has intersected significant borate mineralisation at its Valjevo licence in Serbia.
Vancouver-based First Majestic Silver had a 14% increase in total production at its La Encantada, La Parrilla and San Martin silver mines in Mexico for the second quarter ending June 30 in relation to the same quarter last year.
A UK Labour MP has moved an “early day motion” in the House of Commons seeking a debate on mining in the Indian state of Goa, calling upon the British government to urge local authorities to address the issue as a matter of urgency.
Global securities and investment banking group Jefferies downgraded Caterpillar from a “buy” to a “hold” rating, with a price target of $85.00, adding to a series of previous reports affecting the company's stock.
Russian-Canadian miner Rusoro Mining, is asking an arm of the World Bank to intercede in a legal dispute with Venezuela after the country nationalized its gold industry, and took over the junior’s investments without compensation.
A prolonged slump in the global economy has put pressure on the diamond industry, forcing sellers to grapple with sliding demand, rising inventories and declining prices.
Fortescue Metals (ASX:FMG) has posted a record-breaking 17.8 million tonnes of output for the June quarter, representing a rise of 42%, while its debt volume has also surged, swelling by a billion dollars to hit the USD9 billion mark.