MINING.COM

Silver junior Aurcana gains 12% on 50-fold rise in resource estimates

Shares in Canadian silver junior Aurcana (TSX:AUN) leapt 12% to CND$1.05 after the company announced a radically updated estimate for resources in its La Negra Mine in Mexico.

Marc Howe | August 29, 2012 | 2:02 am

Molycorp announces start of Californian rare earth operations

Molycorp Inc. (NYSE:MCP) has announced that its new Project Phoenix heavy rare earth concentrate facilities situated at Mountain Pass in California have […]

Marc Howe | August 29, 2012 | 1:47 am

Baja Mining stocks surge 77% on Korean consortium’s $90mln payment

Shares in Vancouver-based Baja Mining Corp. (TSX:BAJ) have surged following confirmation from the company that a Korean consortium has paid USD$90 million to become a 51% owner of Baja subsidiary Minera y Metalurgica del Boleo S.A. de .C.V. (MMB)

Marc Howe | August 29, 2012 | 1:25 am

School instead of Work – India finally bans Child Labour

The Times of India reports that India’s Cabinet finally prohibited the employment of children under 14. Furthermore, children in the age between […]

Susanne Iberle | August 28, 2012 | 11:36 pm

Land fight forces Newcrest to shut Lihir gold mine

Australia’s largest listed gold company by market capitalization, Newcrest Mining (ASX:NCM), said Tuesday it had to suspend production at its flagship Lihir mine in Papua New Guinea, as protests from a local landowners’ group keep escalating.

Cecilia Jamasmie | August 28, 2012 | 6:56 pm

Eco Oro shares plunge on Colombian mining agency ruling

Shares of Eco Oro Minerals Corp. (TSX:EOM) plunged over 50% on Tuesday to $94 cents in early trade after Colombia’s national mining agency scrapped most of its concession on environmental grounds.

Cecilia Jamasmie | August 28, 2012 | 5:49 pm

Chavez told to ‘forget oil’ and boost the country’s gold industry

The president of Venezuela's national mining chamber (Camiven), Luis Rojas, called the country leader Hugo Chavez to boost the local gold industry, as bullion production levels are close to historic lows.

Cecilia Jamasmie | August 28, 2012 | 5:17 pm

Perseus Mining reports maiden profit of $52.5 million

Gold miner Perseus Mining (ASX & TSX:PRU) reported Tuesday a maiden profit of A$52.4-million for the 12 months ended June, after the company reported its first half year of commercial production.

Cecilia Jamasmie | August 28, 2012 | 4:36 pm

S. Africa gold mining shares knocked by wage hike demands

South Africa's gold mining companies have been hit by union demands for wage hikes but the industry has little room to budge as current collective agreements do not expire until the middle of next year, the country's chamber of mines said.

Business Report | August 28, 2012 | 4:27 pm

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