MINING.COM

US$90 million silver bullion Ponzi scheme uncovered in South Carolina

The U.S. Commodity Futures Trading Commission said on Wednesday that is charging defendants Ronnie Gene Wilson and Atlantic Bullion & Coin with fraud in connection with operating a $90 million Ponzi scheme.

Michael Allan McCrae | June 7, 2012 | 10:47 pm

Kloppers clobbers capex: Forget Olympic Dam and Jansen, BHP is now even cutting back iron ore

“The economics of some of these projects has changed,” he said. “I think for the next two years, 18 months perhaps, we will just wait and see how things develop.”

Frik Els | June 7, 2012 | 10:12 pm

Minera IRL provides Education Program for the Community of Ollachea (Peru)

As published on Marketwire, the gold mining company Minera IRL Ltd and the Community of Ollachea signed an agreement for a period […]

Susanne Iberle | June 7, 2012 | 9:46 pm

China’s rate surprise digs copper out of 2012 hole. If only you could trust those GDP numbers

Copper has managed small gains every day of this week helped by the first Chinese stimulus since the great recession and a halt in exports by its number one producer. Don't get too happy though...

Frik Els | June 7, 2012 | 7:57 pm

Bernanke, bullion, bathos and Bill Gross

"Boy, that was anti-climactic. There was absolutely nothing in terms of a policy signal...no different than what he might have said at any point over the last few years."

Frik Els | June 7, 2012 | 4:58 pm

Diamond miner Harry Winston first quarter profit sparkles

Diamond miner and retailer Harry Winston (TSX: HW) (NYSE:HWD) says its earnings for the first quarter of fiscal 2013 tripled to $11.6 million, as sales in both its rough diamond and luxury goods segments had more lustre than a year earlier.

Cecilia Jamasmie | June 7, 2012 | 4:39 pm

Not enough R&D threatens future of oil sands

With the shift in research and development (R&D) policies – more grants and fewer tax breaks – announced in March by Finance Minister Jim Flaherty, the latest report from Deloitte & Touche LLP says Canada is putting the future of its oil sands industry at risk.

Cecilia Jamasmie | June 7, 2012 | 3:19 pm

S&P Capital IQ endorses Barrick Gold after major management shakeup

Following yesterday's announcement of leadership changes in Barrick Gold, S&P Capital IQ said the firm keeps its strong buy recommendation on the company’s shares.

Cecilia Jamasmie | June 7, 2012 | 2:19 pm

Lake Shore Gold extends high-grade core at Gold River Trend

Canadian Lake Shore Gold Corp. (TSX:LSG) said Thursday it is extending the area of high-grade core at its Gold River Trend property, after analyzing results of seven new holes (1,440 m) of drilling.

MINING.COM Staff Writer | June 7, 2012 | 1:58 pm

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