Barrick Gold Corp will increase its exposure to base-metals markets, with chief executive Aaron Regent saying about 30% of the company’s revenue will eventually stem from copper production
Full story...
The global economy will periodically falter on its path to recovery but conditions are right for further increases in the gold price, according to Russell Jones, global head of fixed-income and currency research at RBC Capital Markets
Full story...
Puno Investment (Pty) Ltd has had an urgent interdict against Central Rand Gold Ltd, dismissed by the South Gauteng High Court, South Africa.
Full story...
African Consolidated Resources plc (ACR) said it will fight to regain its title to the Marange diamond deposit in Zimbabwe after the government signed a joint venture with New Reclamation Group Ltd
Full story...
The Bulgarian Supreme Administrative Court has revoked the Environmental Impact Assessment (EIA) for the construction of a metals processing facility at Dundee Precious Metals Inc’s Chelopech mine
Full story...
Repair work at the Olympic Dam mine is well advanced, BHP Billiton has announced, with work scheduled to commence inside the damaged Clark Shaft in the next few weeks
Full story...
Nearly 60 million people in Brazil were plunged into darkness for up to four hours on November 10 after severe storms caused several high-voltage transformers to short circuit
Full story...
Four months after the abrupt dismissal of its former chairman, Noventa Ltd has announced that its operating headquarters is moving from Johannesburg to Maputo, Mozambique capital
Full story...
Browse the entire database for articles from this section
Aurizon Mines Ltd has commissioned a feasibility study for development of its Joanna gold mine on the Cadillac fault in the Abitibi gold belt of northwestern Quebec
Full story...
Tiger Resources Ltd has agreed a conditional deal to secure funds for its Kipoi copper project in the Democratic Republic of the Congo, in a US$33.9 million plan with Trafigura Beheer BV that confers offtake rights on the latter
Full story...
Westgold Resources Ltd reports the intersection of a broad zone of strong mineralisation at its polymetallic Rover 1 property in Australia's Northern Territory.
Full story...
Exeter Resource Corp has discovered a new zone of gold-silver mineralisation at its Cerro Moro property in Santa Cruz, Argentina.
Full story...
An independent preliminary economic assessment for development of International Gold Exploration AB’s Rönnbäcken nickel-cobalt sulphide project in Sweden has convinced the firm to undertake a prefeasibility study
Full story...
Randgold Resources Ltd will complete a prefeasibility study for development of its 80%-owned Gounkoto gold project in Mali, following a scoping study that that "comfortably" satisfied the company's targets
Full story...
BRC Diamondcore Ltd has signed a letter of intent for a second diamond exploration joint venture with Rio Tinto in the Democratic Republic of the Congo
Full story...
TSX-listed Ivanhoe Australia Ltd, 89.2%-owned by Ivanhoe Mines Ltd, has received an initial NI 43-101-compliant resource estimate for its Merlin molybdenum-rhenium deposit in Queensland
Full story...
Northern Mining Ltd (NML) reports that a joint drilling programme with Southern Gold Ltd (SGL) on NML’s joint venture Blair North property has intersected gold mineralisation at the George’s Reward prospect
Full story...
Final assays results from Fortress Minerals Corp’s drilling programme at its Svetloye gold property in Russia have returned mineralisation from surface at the Elena prospect
Full story...
Patagonia Gold plc’s infill drilling programme at La Manchuria gold-silver property in Argentina has intersected what the company described as “bonanza” grades
Full story...
Syndicated Metals Ltd has received drilling results that it said extended mineralisation at its Barbara South copper-gold property in Queensland
Full story...
Overall mineral-sector activity in Papua New Guinea has proved resilient, with significant progress at all of the major projects, despite some junior companies having found the going tough, especially when it comes to raising new funding
Full story...
Sandfire Resources NL has confirmed the discovery of a third zone of copper-gold mineralisation at its Doolgunna property in Western Australia
Full story...
Kinross Gold Corp will shortly restart exploration of the Fruta del Norte gold deposit in Ecuador
Full story...
Browse the entire database for articles from this section
China has made a bold move to improve its reputation for exploiting African resources by pledging US$10 billion in loans and aid to the continent
Full story...
De Beers has sold its 71% interest in the AK6 kimberlite to Lucara Diamond Corp for US$49 million, freeing the project up for rapid development following a period of little activity
Full story...
Gabriel Resources Ltd says it has sold 30 million shares and warrants to BSG Capital Markets, part of the Beny Steinmetz Group (BSG), raising C$67.5 million (US$64.4 million)
Full story...
Sundance Resources Ltd has raised A$85 million (US$79 million) through international institutions to complete a feasibility study on its iron-ore project in Cameroon and for other corporate activities
Full story...
DRDGold Ltd has been granted a judicial management order over its struggling Blyvooruitzicht mine in South Africa in a bid to save the 67-year-old operation from insolvency
Full story...
Mineral Resources Ltd, the original bidder for Australia’s Polaris Metals NL, has made another offer for the company, at a higher value than the latest cash bid from Lion-Asia Resources Ltd
Full story...
Franco-Nevada Corp, a gold-focused royalty company, has agreed to purchase a 2% net smelter royalty in Newmont Mining Corp’s Ahafo property in Ghana from Moydow Mines International Inc
Full story...
BRC DiamondCore Ltd has reached a debt settlement with creditors whereby the company will issue a total of 43 million shares to settle a total of C$8.6 million (US$8.2 million) in debt
Full story...
Perseus Mining Ltd has completed a private placement to raise C$34 million (US$32.5 million)
Full story...
Mariana Resources Ltd plans to raise £2.6 million (US$4.3 million) through a placement of shares
Full story...
BC Iron Ltd has secured $US50 million in funding and the first off-take deal for its Nullagine iron-ore joint venture in Western Australia
Full story...
Exeter Resources Corp has entered into an agreement for a proposed public offering of 8.5 million shares at a price of C$5.85/share (US$5.59/share) to raise a total of C$50 million
Full story...
Browse the entire database for articles from this section
The furore over corporate upheavals at Anglo American Corp and Impala Platinum had scarcely begun to fade away before two more dramas involving top level executives began to enthral the South African mining industry.
Full story...
This Southeast Asian nation has a lot of mining potential, but political instability has hampered progress. Large-scale gold exploration may spur more activity
Full story...
The global economic crisis has had a massive impact on the fertiliser industry
Full story...
Surprising as it might seem, there has been a lively debate this week on the role of auditors, and the circumstances under which asset impairment is required
Full story...
The global financial crisis has played an integral role in the lack of market activity
Full story...
Browse the entire database for articles from this section
The financial return on a new mine is particularly important given the current uncertainties in financial markets. In the early stages of many projects, a large proportion of the capital expenditure is drilling related. This includes direct costs paid to drilling contractors and the indirect cost of related field services. The latter are required to support the drilling crews and project teams who are responsible for handling and interpreting the samples and results obtained during drilling.
Full story...
Simon Farrell, managing director of Coal of Africa Ltd, and the company’s finance director, Blair Sergeant, have reached an agreement, in principle, to renew their existing employment arrangements
Full story...
Sir Philip Hampton has joined the board of Anglo American plc as a non-executive director
Full story...
Mark Button has joined Titanium Resources Group Ltd (TRG) as chief operating officer
Full story...
OceanaGold Corp has appointed Paul Bibby as its new chief executive officer
Full story...
Ian Burston has joined the board of Carrick Gold Ltd as non-exec director
Full story...
Browse the entire database for articles from this section
A Chinese gold-mining company has been accused of damaging a section of the Great Wall, a UNESCO World Heritage Site
Full story...
