April 10, 2012

AngloGold Ashanti lost more ounces over safety in Q1 than all of 2011

Work stoppages as a result of safety issues in South Africa cost AngloGold Ashanti 76,000 ounces of lost production in the first quarter.

April 10, 2012

Maptek releases Vulcan 64-bit mining software to global market

Mining technology provider Maptek will release Vulcan 64-bit to global mining customers during April. The launch kicked off at Expomin in Santiago, Chile this week.

April 10, 2012

Brigadier Gold announces amendment to terms of Mozambique transaction

The consideration previously announced in the press release dated March 29, 2012 was the payment of $325,000 in cash and issuance of 7.5 million Special Warrants having a 2 year…

April 10, 2012

Reports of Mugabe’s death are greatly exaggerated

Widely circulated reports that the 88-year old were fighting for his life in a Singapore hospital were deemed to be "lies meant to destabilise Zimbabwe," according to a spokesman.

April 10, 2012

Gold Fields eyes Abitibi greenstone belt with C$40m Bear Lake option

A major gold producer - Gold Fields - and a small Canadian junior - Bear Lake - team up in one of the world's major gold belts - the Abitibi…

April 10, 2012

HudBay eyes further growth in Peru

Base metals miner HudBay Minerals is looking at expanding its asset base in Peru as it seeks to create a new hub that replicates the successes enjoyed at its mines…

April 10, 2012

Newmont faces new protests in Peru as key report for $4.8 billion Conga project expected this week

Peru’s long-running Conga mine dispute is about to reach a turning point as international consultants appointed by the government in February finalize their environmental report on Newmont Mining and Buenaventura's…

April 10, 2012

Castle Resources announces earning of 60% interest in Elmtree Gold Project and letter of intent to sell the interest

"This transaction not only monetizes Castle's 60% interest in Elmtree, but positions our shareholders to receive future development and exploration upside at Elmtree," said Mike Sylvestre, President & CEO of…

April 10, 2012

Molycorp’s rare earth reserves jump 36%

U.S.-based Molycorp, Inc., one of the only non-Chinese producers of rare earths, announced today that its proven and probable reserves of rare earth minerals at its Mountain Pass, California facility…

April 10, 2012

Chile’s Codelco will decide future of its Chuquicamata underground mine this year

Chile’s state-owned copper giant Codelco will make a decision on the construction of an underground mine at its Chuquicamata operation before the end of this year, said CEO and Executive…