AngloGold mines on the mend – CEO
AngloGold Ashanti (NYSE:AU) CEO, Mark Cutifani, reassured investors on Thursday the firm would turn the corner after several strikes in the mining sector left it with major losses.
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Chile grants Finning International $500 million in mining contracts
Canadian heavy equipment dealer Finning International (TSX:FTT) said Thursday it has been awarded contracts worth a total of $497 million from several Chilean mining companies.
Swiss jeweller unveils Disney princesses-inspired collection
Swiss luxury jeweller and watches manufacturer Chopard, in partnership with London store Harrods, has unveiled newest precious stones-based collection inspired by Walt Disney’s Princesses.
Chevron’s assets embargoed after $19 billion fine
An Argentine court has ordered to embargo Chevron assets in the South American country to help enforcing an Ecuadorean court resolution that fined the oil and natural gas giant for $19 billion in environmental damages.
Centerra shares drop despite increasing reserve estimate of major gold project
Centerra Gold (TSX:CG) was trading low on Thursday morning, after the Canadian gold miner reported Wednesday night a $46.8 million quarterly loss due to higher costs and severely lower production at its Kumtor mine in Kyrgyzstan.
Australian miners find new ways of getting buzzed
Australian miners in the western part of the country are allegedly turning to a new version of the synthetic drug known as Venom, which is made with chemicals imported from China.
S. African strikes drop annual mining production 8.3%
In what it shouldn’t come as a surprise for anybody who has been following the news in the last three month, South Africa reported Thursday its mining output dropped 8.3% on the year in September.
Lynas wins battle against activists, gears up to start rare earths production in Malaysia
Australia's Lynas Corp (ASX:LYC) won Thursday the latest of a series of long-dragged legal battles against activists, which took the company to court for allegedly causing major health and environmental damages to the Malaysian population.
China will back the yuan with gold: Leeb
Storied investor Stephen Leeb says he is bullish on gold in the long-term due to surging demand from the Middle Kingdom and his belief that China plans to back its official currency with the precious metal.
