MINING.COM

AngloGold profit almost double in Q1 and plans investments of $1.9 billion to boost production

Africa's largest gold miner AngloGold Ashanti (NYSE:AU) posted first-quarter earnings Thursday of $429 million, which more than double the same period last year, despite a drop in production on the year.

Cecilia Jamasmie | May 10, 2012 | 1:32 pm

African Barrick goes ahead with Tanzania’s Bulyanhulu expansion

African Barrick Gold (LON:ABG) shares rose 6% today as the miner announced its board has approved a $185 million expansion at Bulyanhulu, its underground gold mine in Tanzania.

Cecilia Jamasmie | May 10, 2012 | 1:02 pm

BHP merging embattled aluminum and nickel divisions

BHP Billiton (NYSE:BHP) added to market rumors that its nickel business is not relevant for the miner anymore by announcing yesterday it had merged the stainless steel materials unit with another struggling division: aluminum.

Cecilia Jamasmie | May 10, 2012 | 12:18 pm

Rio Tinto bullish despite Europe woes

Rio Tinto, the world's third largest miner behind BHP Billiton and Vale, is bullish on the demand for commodities despite renewed volatility in Europe and the risk of financial contagion.

Andrew Topf | May 10, 2012 | 5:00 am

Rinehart’s latest legal move means her kids probably won’t see a dime of her $18 billion fortune

Except for Ginia of course, the only child who is not suing Gina for control of the family trust.

Frik Els | May 9, 2012 | 11:55 pm

Taseko redux? BC first nation flexes muscles on Red Chris

A proposal by Imperial Metals to develop the Red Chris mine in northern BC is not sitting well with a local First Nation.

MINING.com Editor | May 9, 2012 | 11:49 pm

Wall vs Mulcair: Saskatchewan premier defends mining, oilsands

Trading barbs over the allocation of resource revenues is a blood sport in Canada, and the latest contenders are newly minted NDP leader Thomas Mulcair and Saskatchewan Premier Brad Wall.

MINING.com Editor | May 9, 2012 | 11:13 pm

Denison Mines net loss widens to $52 million on sale of US assets

Denison Mines Corp shed 1.2% on Wednesday bringing its losses over the last week to 19% ahead of quarterly results that showed the company widened losses to $51.9 million.

Frik Els | May 9, 2012 | 10:30 pm