November 3, 2011

Five mining permits for New Zealand West Coast

Crown Minerals has granted five gold mining permits, one gold prospecting permit and one coal prospecting permit on the West Coast in the last month.

November 3, 2011

Opposition grows to Newmont’s $4.8 bln Peru mine

Political and community leaders in Peru's Cajamarca region demanded on Wednesday that Newmont Mining abandon its $4.8 billion Conga project and said the central government's efforts to broker a truce…

November 3, 2011

Goodyear launches new customer off the road tyre support program

Goodyear is launching ‘Goodyear at your Service’, a brand new program to benefit Off The Road (OTR) tyre users. Available to all off-road tyre users in the Europe, Middle East…

November 3, 2011

Peace River Coal buys Anglo’s 10th ThoroughTec simulator base unit

Anglo American has acquired its 10th simulator base unit from ThoroughTec, which will be installed at the Peace River Coal mine in British Columbia. The purchase includes ThoroughTec Simulation’s unique…

November 2, 2011

How long will gold miners lag bullion prices?

As we have previously discussed, the gold miners continue to lag behind bullion prices. In the past six months, the SPDR Gold Shares ETF has increased by nearly 10%, while…

November 2, 2011

West African gold explorer completes Can$81.25 million equity offering

Perseus Mining (TSE:PRU), a West African gold explorer and miner, completed a Can$81.25 million equity offering. The offering, 25 million ordinary shares at Can$3.25 each, was underwritten by a syndicate…

November 2, 2011

Yamana Gold hikes dividend by 63% on strong third quarter

South America-focused Yamana Gold (TSE:YRI) increased production and revenue targets for the third quarter, and rewarded shareholders with a 63% dividend increase. Toronto-based Yamana boosted production 4% to 279,274 gold-equivalent…

November 2, 2011

Capstone shopping for new copper mines to crank output

Canadian copper miner Capstone Mining TSE:CS says it is looking to acquire a producer that would boost its annual output to 100 million pounds. Capstone CEO Darren Pylot told Bloomberg…

November 2, 2011

Kilo Goldmines C$10 million private placement fully allocated

Kilo Goldmines Ltd. (TSX VENTURE:KGL)(FRANKFURT:02K) ("Kilo" or the "Company") is pleased to announce that the private placement financings previously announced on October 18, 2011 are fully allocated (collectively, the "Offering").…

November 2, 2011

Xstrata deal reached after union threatened strike over free worker shares

South Africa's National Union of Mineworkers (NUM) called off a strike on Wednesday after reaching a deal with Xstrata over the coal giant's voluntary employee share ownership plan. Xstrata agreed…