February 24, 2012 Newmont slides after taking $1.6 billion Arctic hit Shares in Newmont Mining was down 2.7% on Friday after the company announced a $1.6 billion charge after mothballing its Hope Bay project in northern Canada.
February 24, 2012 Aquarius Platinum and Impala face Zimbabwe’s rejection to sell-off plans Shares in Aquarius Platinum Ltd. (LON, ASX: AQP), the fourth- largest producer of the metal, dropped 11% this morning in Johannesburg, the deepest decline since October 2008, after the company…
February 24, 2012 The next Molycorp? Frontier says it can produce rare earths by 2015 Mining and processing rare earths is a tricky business. Processing the materials is costly, and the supply of the 17 elements used in manufacturing everything from smart phones to electric…
February 23, 2012 Newmont announces record operating cash flow of $3.6 billion and record annual revenue of $10.4 billion in 2011 Record regular dividends paid to shareholders of $494 million, up 100% from 2010, representing a payout ratio of 23% of adjusted net income.
February 21, 2012 China further entrenched in Africa with Minmetals’ Anvil acquisition In what is being regarded as the first major African mining play by a Chinese company, China Minmetals succeeded Friday in closing its $1.3 billion bid for copper miner Anvil…
February 20, 2012 A new kind of hyperinflation: Zimbabwe hikes mining fees by as much as 8,000% The Zimbabwe Chamber of Mines says the government's hike of pre-exploration fees for the majority of minerals – by as much as 8,000% – together with increased royalty rates will…
February 20, 2012 Zambia NFCA Starts Work On $832 Million Copper Project – Report Chinese-owned NFCA Mining has stated developing a $832 million copper mine project in Zambia's Copperbelt province as it steps up efforts to boost copper production at its Zambian operations, Zambia's…
February 20, 2012 Elemental to Raise $1.7 Billion Next Year to Mine Potash Elemental Minerals Ltd. (ELM), owner of a potash project in the Republic of Congo, plans to raise about $1.7 billion next year to develop production by 2015, Chief Executive Officer…
February 20, 2012 Caledonia gives 51% of Blanket to indigenous Zimbabweans Caledonia Mining announced on Monday it has signed a deal with the Zimbabwe government to sell 51% of its Blanket mine to indigenous Zimbabweans for $30 million. The purchase price…
February 20, 2012 Final decision soon on Gold Fields tailings joint venture with Gold One Gold Fields Limited has confirmed that it hopes to make a decision within three months on the way forward for its proposed West Rand tailings treatment joint venture with Gold…
Hedge funds boost bullish gold wagers to 16-week high Anxieties over Greenland prompted investors to rotate into hard assets away from currencies and sovereign bonds. January 23, 2026 | 02:51 pm
