October 31, 2011

Novel research seeks to locate Scotland’s next gold mine

This University of Leicester picture shows Nyree Hill, PhD Research in the Department of Geology. University of Leicester geologists are applying new scientific prospecting methods. Scotgold Resources has just won…

October 31, 2011

Keystone XL: Green donors have Obama over a barrel

The UK's Telegraph reports two hundred wealthy Democrats were paying $5,000 a head this week to have lunch with Barack Obama – up to $7,500 if they also wanted their…

October 31, 2011

Mintec launches new MineSight Schedule Optimizer version

Tucson-based Mintec officially launched its Version 4.0 of its MineSight Schedule Optimizer (MSSO) mine scheduling software package on October 26. The statement said that chief among the enhancements is MSSO's…

October 31, 2011

Mechel opens new experimental ferronickel production complex

Mechel OAO, one of the leading Russian mining and metals companies, has announced that its Southern Urals Nickel Plant has opened an experimental industrial complex to produce ferronickel. The industrial…

October 31, 2011

Russia joins international mineral reserves reporting organisation

Russia has today taken an important step towards integrating its mining capital structure with the major international markets by joining CRIRSCO, the international committee which co-ordinates public reporting standards for…

October 30, 2011

Texas gold digger finished building only mine in Saudi Arabia not owned by royals

Arabian American Development Co, announced over the weekend it has completed construction of the gold, silver and copper mine in Saudi-Arabia which it is developing with Saudi's Al-Kobra Mining Company…

October 30, 2011

In a month of copper strikes, world number 3 Collahuasi’s must count as shortest

Reuters reports unionised Chilean workers at Collahuasi, the world's third most productive copper mine, halted production on Saturday in a strike demanding a wage bonus, but were back at work…

October 30, 2011

Greens’ plan for British Columbia oil sands pipeline: We’ll talk it to death!

The regulatory process for Enbridge’s Northern Gateway pipeline to connect Alberta's oil sands and markets in Asia, is shaping up to make the TransCanada's Keystone XL approval look like a…

October 30, 2011

When hedging hurts: Teranga must deliver 181,855oz at $830, but cash costs are $850-$875

Teranga Gold Corporation is a Canadian-based gold company listed on the Toronto Stock Exchange (TSX:TGZ) and Australian Securities Exchange (ASX:TGZ). For the quarter ended September 30, 2011, the company delivered…

October 30, 2011

Moneyweek on gold the misunderstood asset

Bengt Saelensminde writing in Moneyweek says gold is a misunderstood asset. It’s often portrayed as a safety play – but how can it be? Only recently it fell more than…