December 18, 2011

Eldorado to Acquire European Goldfields and Create the Leading Growth Oriented Intermediate Gold Producer

Eldorado Gold Corporation (the "Company" or "Eldorado") (TSX:ELD)(NYSE:EGO)(ASX:EAU) today announced that it has entered into a definitive agreement (the "Arrangement Agreement") with European Goldfields Limited ("European Goldfields") (TSX:EGU)(AIM:EGU) pursuant to…

December 18, 2011

Gold Downtrend Looks Like the Direction Ahead, Projections for 2012

Ouch, that hurts. I could see a negative move in the works but I don’t think anyone expected a plunge like this past week. Friday upside move was very unimpressive…

December 18, 2011

Mining industry warned of fire ant infestation in S. Australia

It sounds like something out of a B movie trailer or if you're old enough to remember, an episode of Swiss Family Robinson.

December 18, 2011

Company wants to reroute U.S. 95 to mine near Goldfield

The main road connecting Las Vegas and Reno could be rerouted near the central Nevada town of Goldfield to make way for something older than the Silver State itself: a…

December 18, 2011

New Queensland coal mine likely to kill more jobs than it creates

A proposed new coal mine in Queensland is so massive it is likely to do more harm to the local economy than good.

December 18, 2011

Rusoro may turn to arbitration to resolve gold mining dispute

Rusoro Mining Ltd. (RML) said it may file a claim against Venezuela in an international arbitration court if negotiations to resolve the nationalization of its assets aren’t resolved within six…

December 18, 2011

Oceana aims for record gold production

Oceana Gold has tentatively forecast record gold production for the calendar year 2013, underpinned by its gold and copper development mine in the Philippines which is less than a year…

December 18, 2011

Australia and Indian ministers discuss cooperation in mining

The Minister for Employment and Workplace Relations and Minister for Financial Services and Superannuation, Government of Australia, Mr Bill Shorten called on the union minister for steel Mr Beni Prasad…

December 18, 2011

Shenhua invests $21b to produce alumina from coal ash

China Shenhua Group, the country's largest coal producer, on Sunday kicked off construction on a project capable of producing alumina from coal ash, a waste byproduct of thermal power generation.

December 18, 2011

Chinese still buying gold big time – huge imports in October

China’s gold purchase from Hong Kong hit 85.7 tons in October Mainland China’s gold purchase from Hong Kong hit 85.7 tons in October, from September’s 57 tons, according to Hong…