February 8, 2012

Goldcorp chairman denies implication in insider trading scheme

Ian Telfer, one of Canada’s most well-known mining executives and chairman of Goldcorp Inc. (TSE:G), denied yesterday’s Ontario Securities Commission (OSC) allegations that connect him with an alleged illegal insider-trading…

February 8, 2012

Massive rise in China gold imports in 2011 – policy controlling the price

China continues to see rising gold consumption with a virtual tripling of gold imports through Hong Kong in 2011, but demand in December appears to have stuttered ahead of the…

February 8, 2012

News release – English – PRODIGY GOLD INC.

Prodigy Gold Inc. updated the Pre-Feasibility Study results for MAGINO MINE, located in Canada.

February 8, 2012

Rio Tinto to invest a further US$3.4 billion in expansion of iron ore operations in Western Australia

Rio Tinto has committed a further US$3.4 billion (Rio Tinto share $2.9 billion) to the major expansion of its Pilbara iron ore operations in Western Australia.

February 8, 2012

Vena’s Partner Trafigura Invests US$7 Million to Move Azulcocha Zinc Mine to Production

Vena Resources Inc. (TSX:VEM)(LMA:VEM)(FRANKFURT:V1R)(OTCBB:VNARF), a Company with strong partnerships with four of the world's largest mining companies, is pleased to announce that it has enhanced its agreement with Trafigura Beheer…

February 8, 2012

Indian iron ore mining mess – Supreme Court panel moots market rates for Karnataka iron ore

Iron ore miners and consumers in Karnataka, including NMDC, the country's largest iron ore producer, and JSW, India's largest private sector steelmaker, will have to grapple with higher costs and…

February 8, 2012

Expansionary central bank monetary policy to propel gold

According to David Levenstein, the continued printing of money at unprescedented rates will lead to currency debasement and should boost precious metal prices.

February 8, 2012

Cliffs Natural To End Michigan Iron Nuggets Joint Venture

Cliffs Natural Resources Inc. (CLF) said it will dissolve its Michigan iron nuggets joint venture with Kobe Steel (KBSTY) as coal and iron-ore producer Cliffs looks to focus on its…

February 8, 2012

Newton County aluminum plant to close; 146 to lose jobs

At least 146 employees of a Newton County aluminum extrusion plant will lose their jobs this summer when the facility is closed.

February 8, 2012

BHP sees little impact from Glencore, Xstrata merger

The world's biggest miner, BHP Billiton (Hamburg: BHP1.HM - news), said Wednesday the planned blockbuster merger between Glencore and Xstrata (Dusseldorf: XTR.DU - news) would not impact on its strategy.