MINING.COM

De Beers leading efforts to rescue illegal miners at abandoned mine

De Beers on Wednesday launched rescue efforts for diggers who have been trapped after an illegally excavated tunnel collapsed in the diamond giant's abandoned Namaqualand mining area.

MINING.com Editor | May 23, 2012 | 5:15 pm

An ounce of gold just lost $30 on euro worries

Spot gold dropped $30 to $1,538/oz during Wednesday morning trading due to worries about Greece exiting the euro.

Michael Allan McCrae | May 23, 2012 | 5:02 pm

Endeavour Silver hits bonanza silver grades at its Mexican San Sebastian property

After dreary drilling results last year, Canadian junior miner Endeavour Silver (TSX: EXK), announced exploration drilling at the San Sebastian property in Mexico has discovered a new high grade silver-gold mineralized zone in the Terronera vein.

Cecilia Jamasmie | May 23, 2012 | 4:08 pm

Compass Gold releases very encouraging assay results from exploration program on Yanfolila property

Results confirm gold mineralization at the Solona target continuing at depths, as suggested by previous drilling

CNW Telbec | Mining/Metals | May 23, 2012 | 2:40 pm

Anglo and Codelco restart talks to end dispute

The frantic legal battle between diversified miner Anglo American (LON:ALL) and its Chilean adversary Codelco, the world’s largest copper producer, was put on hold as the parties announced they were entering into talks.

Cecilia Jamasmie | May 23, 2012 | 1:30 pm

AndeanGold signs agreement to acquire Gitennes’ 40% interest in Urumalqui Ag-Au project, Peru

AndeanGold Ltd. is engaged in the acquisition, exploration and potential development of primarily precious metals properties, principally in Peru and Ecuador.

Marketwire - Mining and Metals | May 23, 2012 | 1:00 pm

Australian miners should seek business opportunities in Latin America: Government

Australian Foreign Minister, Bob Carr, called local mining companies to look at Latin America as a business destination, as the region was emerging as an important economic powerhouse, hungry for Australian investment.

Cecilia Jamasmie | May 23, 2012 | 12:21 pm

Osisko’s Canadian Malartic returns to full operation, but fire damage to stock price is 25%

Osisko stock was down another 3.7% today despite the positive news and has now lost 25% of its value since the fire at the Quebec mine was first reported on May 9th.

MINING.com Editor | May 22, 2012 | 11:30 pm