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 […]
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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)
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 […]
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.
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.
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.
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.
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.
Paragon Diamond gets $10 million to finish its Lesotho mine
Paragon Diamonds (LON:PRG) has signed a financing agreement for its Motete Dyke project in Lesotho, paving the way for production to start in 2013.