April 19, 2012

Pink diamond sold for $15 million sets US record

A rare nine-carat pink diamond ring belonging to philanthropist and heiress, Huguette Clark, sold for $15 million at a Christie's auction.

April 19, 2012

Azimut reports on gold results from the Nantais Project, Nunavik, Northern Quebec

Highlights of the 2011 prospecting program include Azimut's discovery of two new gold prospects (16.7 g/t Au from an outcrop and 26.1 g/t Au from a near-source boulder).

April 19, 2012

Mongolia’s ‘ninja miners’ help sate China’s lust for gold

In a hot, concrete hut filled with acetylene fumes, an elderly Mongolian miner struggles to contain her excitement as she plucks a sizzling inch-long nugget of gold from a grubby…

April 19, 2012

Dynacor Gold Mines: gold and silver production continues to soar in Q1-2012

In conjunction with the higher metal production, the Company estimates a quarterly gold and silver sales record of US $23.5 million (US $14.7 million in Q1-2011) which is a period…

April 19, 2012

Syria trying to sell gold reserves as sanctions begin to bite – sources

Syria is trying to sell gold reserves to raise revenue as Western and Arab sanctions targeting its central bank and oil exports begin to bite, diplomats and traders said.

April 19, 2012

British government urges Anglo American and Codelco to reach amicable resolution

Chile's state-owned mining company Codelco, the world's largest copper producer London-based Anglo American (LSE: AAL) should try reaching a negotiated solution to the ongoing dispute about Codelco’s stake in Anglo’s…

April 19, 2012

Polymetal to raise gold production at Varvarinskoye by 10%

Polymetal bought the Varvarinskoye gold and copper deposit from the Kazakhstani Orsu Metals in November 2009. The deposit's reserves were estimated at 92.2 million tons of ore (3.103 million ounces…

April 19, 2012

Brazil’s aluminum output went up 3.7% in March

Brazil's aluminum output in March went up 3.7% to 125,000 tonnes, according to the national aluminum association, Abal.

April 19, 2012

Nunavut signs deal with mining company on trades curriculum

High schools to team up with Agnico-Eagle to develop mining and trades-related curriculum Nunavut Premier Eva Aariak signed a memorandum of understanding with mining company Agnico-Eagle on Wednesday to develop…

April 19, 2012

Anglo American Platinum output falls 24%

The world’s largest refined platinum producer Anglo American Platinum (Amplats, AGPPY) says it will hit its full-year production target for 2012, despite a severe fall in production in the first…