May 3, 2012

Canadian firm promises Romania $30 bn in gold mine benefits

Canada's Gabriel Resources said Thursday Romania would get $30 billion in economic benefits if it approves a gold mine project at Rosia Montana that has drawn opposition from environmentalists.

May 3, 2012

Imperial systems innovates with safety spark detection and quench system for Cmaxx dust and fume cartridge collector

Imperial Systems, Inc., a full-service dust collection and air pollution control equipment manufacturer and installation specialist, is now offering GreCon spark detection and extinguishment technology with its CMAXX line of…

May 3, 2012

Big gold producers spending faster than earnings rise

Capital spending by the largest gold producers is increasing at a faster pace than earnings for a second straight year as the industry’s biggest mining projects are beset by delays…

May 3, 2012

New 3D laser scanner from GeoSight uses Xplore tablets to operate new underground laser scanning system

Mining operations today have gone high tech. Regardless of the type of mining, mapping and surveying are more important than ever before.

May 3, 2012

The global monetary system deteriorates as the financial crisis moves from Greece to Spain

It was not that long ago when Greece was the main concern of global investors, but already most of us have already forgotten about that on-going saga. Now, the global…

May 3, 2012

DRC fighting thwarts plans to export conflict-free minerals

Renewed fighting in the Democratic Republic of Congo will halt the export of so-called conflict-free minerals from the country's eastern provinces, according to Bloomberg:

May 3, 2012

Pretium raises $70 million through share offering

Pretium Resources, a gold junior developing the Brucejack and Snowfield properties in British Columbia, today raised $70 million through a share offering.

May 3, 2012

Bolero jumps on graphite trend

Proving there is still healthy demand for new graphite plays, new entrant Bolero Resources' share price nearly doubled after announcing it had secured some prospective graphite claims in northern Ontario.

May 3, 2012

Copper is having a terrible 48 hours

Due to its widespread use in construction, communication and transport copper is a bellwether for the global metals industry. The red metal […]

May 3, 2012

Zimbabwe mining revenues up 10% to $458 million

Zimbabwe's mine output increased in the first quarter, leading to surging revenues for government coffers, NewsDay is reporting.