Europe Top Stories

Moly Mines plunges as suspension from ASX trading looms

The stock fell almost 26% in Sydney after the company…

Poll: 74% of Chileans want mining companies to pay higher taxes

They believe those funds should be allocated to the regions…

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DRDGOLD guidance for year ended 30 June 2011

Shareholders are advised that DRDGOLD expects its group gold production for the year ended 30 June 2011 (FY2011) to be about 10% higher than in the previous year, at around 265 200oz. Cash operating unit costs for FY2011 are expected to be about 8% higher. It is estimated that capital expenditure for FY2011 will be about 70% higher than the previous year, reflecting the continued development of the Crown/Ergo pipeline.

Harmony Gold’s guidance for the June 2011 quarter

Harmony Gold Mining Company Limited (Harmony) announces that higher production from its growth assets resulted in overall production being higher quarter on quarter. Gold production for the June 2011 quarter is likely to be 3% higher than the previous

BHP drags market lower

Local shares have closed lower, dragged down by losses in Australian mining giant BHP Billiton.The market also had a weak lead from overseas markets, after Federal Reserve chairman Ben Bernanke deflated investors' stimulus hopes.The All Ordinaries

North American Palladium draws bullish bets

Shares in the platinum and precious metals mining company rose as much as 6.4% at the start of the session to an intraday high of $4.98 before the broad market soured during Fed Chairman Bernanke’s second day of testimony on Capitol Hill.

Gold on high on threat of US default

Gold hit a record high for the second day running yesterday on rising fears of debt default and future inflation. Spot metal touched an intraday best level of $1 594 (R10 933) an ounce and set a record fix of $1 592.50 in the morning in London before dropping back to $1 590.50 at the afternoon fix.

Gloucester Coal completes two acquisitions

Gloucester Coal has completed two acquisitions designed to create a leading Australian coal miner worth about $2 billion. Gloucester said it had completed the purchase of Donaldson Coal Holdings, which owns three NSW coal mines, from Asian commodities trader Noble Group.