Asanko Gold drops 10%, PMI soars 35% as companies merge
The two companies will create a mid-tier producer with two Ghanian mines. Expected annual output of 400,000 ounces by 2017.
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Chinese coal billionaire drowning under $5bn pile of debt
Analysts say the situation is nothing but a reminder of the thin dividing line between China’s banks and its “shadow” lending industry.
BHP shuts Perseverance nickel mine on safety worries
200 jobs will be cut.
Shares of gold mine waste retreatment firm surges 28%
Johannesburg-based DRD Gold is introducing new technology to extract more gold from old surface tailings.
Kinder Morgan applies to nearly triple capacity for western Canadian pipeline
The expansion would help increase Canadian crude exports to Asian and US markets.
India gold import curbs could be eased by year-end
The economic situation has improved to such an extent that some curbs may be lifted when the government releases a review of the restrictions at the end of the month.
Rio Tinto says Chinese now make ‘much higher quality’ mining equipment
The CEO of world number two miner Rio Tinto said the quality of Chinese mining equipment is catching up and in some instances surpassing that of the major US manufacturers.
Oyu Tolgoi financing commitments extended
Company has a few more months to wrangle with the Mongolian government.
Noront Resources gives Santa a set for special deliveries
Five years ago, Noront decided to forgo its annual tradition of sending Christmas cards to suppliers and put the money towards ensuring to ensure that every child under 13 in Webequie and Marten Falls receives a wrapped Christmas gift.