MINING.COM

Fresnillo gold output record high and miner confident of meeting targets

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.

Cecilia Jamasmie | July 18, 2012 | 5:15 pm

Pan Global up 20% after borate discovery in Serbia

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.

MINING.com Editor | July 18, 2012 | 4:21 pm

First Majestic’s production in Mexico up 14% in Q2

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.

Cecilia Jamasmie | July 18, 2012 | 4:20 pm

Goa must clean up mining practices or lose heritage destination

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.

Cecilia Jamasmie | July 18, 2012 | 3:16 pm

Dark period for Caterpillar: downgraded from buy to hold

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.

Cecilia Jamasmie | July 18, 2012 | 1:57 pm

Rusoro asks World Bank to arbitrate dispute with Venezuela

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.

Cecilia Jamasmie | July 18, 2012 | 1:03 pm

Global diamond industry grapples with sliding demand

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.

Marc Howe | July 18, 2012 | 5:52 am

Fortescue Metals posts record iron ore output amidst surging debt

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.

Marc Howe | July 18, 2012 | 4:25 am

Discovery of rare earth minerals on ocean floor could break Chinese stranglehold

Recent discoveries of rare earth minerals at the bottom of the Pacific Ocean could break China's existing stranglehold on supply of the key raw materials.

Marc Howe | July 18, 2012 | 3:48 am

First

Last

1 Week

1 Month

3 Months

6 Months

1 Year

5 Years

Historical

Create FREE account or log in

to receive MINING.COM digests