December 18, 2012

Stream of molten gold signals return of large-scale underground mining to California

With the price of the metal near historic highs, hovering around $1,700 an ounce (28 grams), the California Mother Lode's first large-scale hard rock gold mining operation in a half-century…

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

Silver extremely low because of paper market — Embry

Sprott Asset Management's chief investment strategist, John Embry, said Tuesday that with China's silver demand rising sharply and money printing to infinity being Western central bank policy, silver's price remains…

December 18, 2012

Coal to challenge oil as main source of energy by 2017

Coal is likely to overtake oil as the world's main source of energy in the next five years, with potentially devastating effects in the environment, says the International Energy Agency…

December 18, 2012

Nearly 90 pieces of gold and silver found in English historical site

About 90 new pieces of gold and silver have been discovered in the field close to Lichfield, in Staffordshire, England, where the Staffordshire Hoard of Anglo-Saxon treasure was found three…

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

Northland’s iron ore concentrate has reached the Port of Narvik

The company's first concentrate has been transported by rail on the Malmbanan railway from Pitkäjärvi to the Port of Narvik

December 18, 2012

Canadian government solicits public opinion on proposed $2.4bn potash mine

Encanto teams up with Muskowekwan First Nation to launch potash development

December 18, 2012

Coroner believes missing man murdered following million dollar diamond scam

Suspected killer fled the country with thousands in cash

December 18, 2012

China’s MMG to plough AUD$1.5bn into Queensland zinc mine

The Middle Kingdom's overseas resource buying spree continues