August 2, 2012

Southgobi up 6% at open as Chalco bid is extended

SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) climbed 6.25% on Thursday as markets opened after announcing it was notified by majority shareholder Ivanhoe Mines that […]

August 2, 2012

SouthGobi Resources notified Ivanhoe Mines and Aluminum Corporation of China Limited (Chalco) agree to extend time for proportional takeover bid for SouthGobi Resources

SouthGobi Resources was notified today that Ivanhoe and Chalco have agreed to extend until September 4, 2012 for Chalco to make a proportional takeover bid for less than 56% of…

August 2, 2012

Allied Gold Mining announces claim filed

The company claims, among other things, $24.9 million on account of gold loss and $17.1 million on account of throughput loss arising directly from defective work carried out by GRES.

August 2, 2012

India’s blackout exposes choice between water and electricity

In India, like in the United States, the power sector is the single largest user of water – more than agriculture. Presuming that India could solve its power problems and…

August 1, 2012

Dilution ahoy! Nautilus offers major investors new shares for less than 52-week low

Nautilus Minerals dropped 7.3% to $1.02 in late-afternoon trade on Wednesday, after the Toronto-based firm announced that it is raising $34 million from its major shareholders at 90c a share…

August 1, 2012

Nautilus to raise funds and continue equipment build

The company plans to raise approximately $34 million through a private placement of 37.7 million shares at a price of $0.90 per share to assist with the continued funding of…

August 1, 2012

Olympus updates second quarter gold production and changes its financial year-end

The company's Chief Executive Officer, John Seton, reports that second quarter calendar year 2012 gold production of 7,839 ounces was lower than projected.

July 31, 2012

63% of Newcrest’s assets situated in ‘very high-risk’ countries

Newcrest Mining (ASX:NCM) is the one Australian mining major exposed to the greatest level of country risk with 63% of its assets situated in nation-states categorized as 'very high-risk' by…

July 30, 2012

Indian miners accuse government of causing artifical iron ore shortage

India’s merchant miners have accused the Indian government of creating an ‘artificial’ shortage of iron ore via the imposition of high export […]

July 29, 2012

Mittal: Investing in mining, but not India or China

I'm not locating capital to India or China as I don't see things progressing there. We can't remain stuck, so we move on. Now our priority is to reduce debt,…