December 20, 2012

All that glitters in 2013 is gold – PwC predicts soaring prices

Gold is the favoured commodity of 2013 with more than 80% of gold executives expecting to see a rise in the price of gold, despite the poor performance of the…

December 20, 2012

Labour unrest forces Harmony Gold to close South African mine

Harmony Gold Mining (NYSE:HMY) announced Thursday it has closed its Kusasalethu mine in South Africa a day earlier than planned for the festive holiday season due to violent demonstrations following…

December 20, 2012

Byron King: How to up your investing IQ with gold

Have you ever actually held gold in your hands? Byron King, editor of the Outstanding Investments and Energy & Scarcity Investor newsletters, suggests that you do

December 19, 2012

BHP to sell its Guinea iron ore mine to B&A Mineração

BHP Billiton (ASX, NYSE:BHP) has reportedly chosen mining venture B&A Mineração as the preferred bidder for its Mount Nimba iron ore mine, one of the largest deposits of the mineral…

December 19, 2012

Ethiopian Potash Corp. announces renewal of Danakil license

Ethiopian Potash Corp. is pleased to announce the renewal of Danakil mineral exploration licence

December 18, 2012

DiamondCorp surges on funding news for South African mine

Shares in DiamondCorp (LON:DCP) climbed 13% after the company announced it has put in place what it called “the final piece in the funding jigsaw” for its Lace Mine in…

December 18, 2012

African Minerals cuts iron ore shipment forecast

The miner has cut its forecast from its mine in Sierra Leone yet again and is in advanced talks to secure the financing it needs to fund its working capital…

December 18, 2012

Centamin’s stock recovers as gold export resumes

Shares in London and Toronto-listed Centamin (LON:CEY, TSX:CEE) surged 26% to 43.95p on Monday after the miner announced it had resumed exports from its flagship Sukari gold mine in Egypt.

December 18, 2012

Gold Fields downgraded on SA gold mine spinoff but AngloGold keeps status

Plans by both Gold Fields and AngloGold to reduce exposure to South Africa produced different outcomes from ratings agencies, as former got cut, while the latter was affirmed at investment…

December 18, 2012

Mega Uranium Ltd. releases results for the year ended September 30, 2012

Net loss for the year ended September 30, 2012 was $20.2 million ($0.08 per common share) compared to a net loss of $126.4 million for the year ended September 30,…