Canadian mid-tier gold miners present an investment bright spot
Mid-tier gold miners are outperforming industry giants by pursuing smaller project for lower costs. According to Julie Gordon writing for Reuters, modest-sized […]
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Intrepid Mining plunges 55% on shadowy Indonesian ouster
Australia's Intrepid Mining (ASX:IAU) has seen its share price plunge after being summarily booted from a key copper project in Indonesia by powerful local business interests.
Pebble mine: ‘If God were testing us, he couldn’t have found a more challenging place’
Arguably the richest prize in mining, the Pebble project pits a watershed where up to 40 million salmon spawn each year against copper and gold reserves worth as much as $500 billion according to a new documentary.
Detour Gold announces connection of the 230 kV transmission line and 75% construction completion at Detour Lake
The Ontario project remains on budget and on schedule for gold production to start in the first quarter of 2013.
CNOOC-Nexen: China’s swoop shows sweet timing as Canadian crude discount halves
Despite a steep drop in the price of crude on Monday with US benchmark West Texas Intermediate down almost 4% in afternoon trade at $88.55, the price oil sands producers receive has improved dramatically since the start of July.
Dynasty Metals’ processing plant robbed at gunpoint
A group of armed robbers gained access to the site and escaped with dore bars worth over $2 million.
Investors dig 16% hole in African Barrick after Tanzania costs jump 43%
The Tanzanian-focused miner blamed the cost of generating its own electricity – which it has to do "more and more" – for the increase in costs.
Gold prices on hold as the US dollar strengthens
Our acquisition programme has been on hold for some time now as gold and silver prices consolidated and the mining sector failed to sparkle. Gold has temporarily been sidelined by the pantomime that is European politics.
Chinese investors fleeced of billions by gold futures ring
A gold-futures trading ring in China's central province of Henan has fleeced more than 5,000 investors of over RMB380 billion ($58.62).