July 16, 2012

Gold manipulation ‘next big scandal to break,’ ‘more scandalous than Libor’

One of the UK’s leading broadsheets has castigated the manipulation of gold prices by key market players, saying that the issue could explode into a bigger scandal than the Libor…

July 15, 2012

Russians to invest $ 5.5 billion in Thar Coal

A Russian investor Kirsan Ilyumzhinov along with Chairman BOI, Saleem H. Mandviwalla called on President Asif Ali Zardari and showed his interest to invest $ 5.5 in Thar Coal project.

July 15, 2012

In 2011 ALROSA works hard mining diamonds

ALROSA’s mining division completed their work in accordance with the development plan of mining operations, moving, as it is stated in the company's annual report, 35,493,700 m3 of rock mass,…

July 15, 2012

Sberbank Capital acquires 49pct of gold ore project in Armenia

Interfax reported that LLC Sberbank Capital a subsidiary of Sberbank of Russia has acquired 49% of shares in Armenia CJSC Paramount Gold Mining which owns the license to develop the…

July 14, 2012

HR 4402 passes with democratic support; could it really get easier to mine in the USA?

The National Mining Association sends a letter to Jack.

July 13, 2012

Egyptian billionaire pays $492 million for La Mancha Resources

Naguib Sawiris,an Egyptian mobile phone entrepreneur, is paying $492 million for gold miner La Mancha Resources (TSE:LMA).

July 13, 2012

Konecranes to feature RailQ runway survey at Minexpo International 2012

Konecranes, a global leader in manufacturing and servicing of overhead cranes and lifting equipment, will demonstrate their RailQ Runway Survey technology at Minexpo International 2012, to be held September 24-26…

July 13, 2012

Ecuador to ‘make it easier’ for mining companies

Mining companies exploring and operating in Ecuador had some good news yesterday as President Rafael Correa said on state-owned radio station, Radio Publica, he might need to make it easier…

July 13, 2012

South Africa’s top mining execs push for higher safety standards

South Africa’s Chamber of Mines said Friday it will set up a special CEO “elimination of fatalities team” in an effort to bring down the number of deaths at the…

July 13, 2012

Baja Mining only has enough money for Boleo project for two more weeks

The Canadian mining company continues to struggle with cost overruns at its flagship Boleo mine in Mexico, the company has not yet received any funding proposals for the project and…