August 28, 2012

Gold rush due at Goldplat

After a strong summer, predicated on an improvement in sentiment surrounding the Eurozone sovereign debt crisis and hope the world’s central banks will introduce a further round of stimulus measures…

August 28, 2012

Perseus Mining reports maiden profit of $52.5 million

Gold miner Perseus Mining (ASX & TSX:PRU) reported Tuesday a maiden profit of A$52.4-million for the 12 months ended June, after the company reported its first half year of commercial…

August 28, 2012

S. Africa gold mining shares knocked by wage hike demands

South Africa's gold mining companies have been hit by union demands for wage hikes but the industry has little room to budge as current collective agreements do not expire until…

August 28, 2012

Paragon Diamond gets $10 million to finish its Lesotho mine

Paragon Diamonds (LON:PRG) has signed a financing agreement for its Motete Dyke project in Lesotho, paving the way for production to start in 2013.

August 28, 2012

MMC Capital calls for transparency in Zimbabwe’s Marange diamonds

The Zimbabwean government should ensure that greater Foreign Direct Investment (FDI) in natural resources translates into higher fiscal revenue that could be spent in priority areas, leading brokerage firm MMC…

August 28, 2012

Forest fire forces Atlanta Gold to halt work at Idaho project

Canadian junior Atlanta Gold (TSX:AGC) on Tuesday reported that it was cut off from accessing its Atlanta gold property by a forest fire, and might not be able to continue…

August 28, 2012

Italian coal miners barricaded in mine, armed with explosives

About 100 coal miners are barricaded inside an underground mine in Sardinia, Italy, and have armed themselves with explosives to prevent the mine's closure.

August 28, 2012

SA investor splashes over $2 million on diamond jewellery making school

A South African investor has invested $2,5 million to set up a diamond jewellery making training school at the Zimbabwe Diamond Education College.

August 28, 2012

Aurcana boosts resources at Mexico’s La Negra

Canadian Aurcana Corp. (TSX-V: AUN, OTCQX: AUNFF) has updated the resource estimate for its La Negra polymetallic mine in Mexico's Querétaro state.

August 28, 2012

More singers join the ‘supercycle is over’ choir

Financial Times analysts are the latest ones singing the “supercycle is over” song, as the paper points today to recent profit reports from major miners, including Anglo American, BHP Billiton,…