Cecilia Jamasmie , Editor-in-Chief

Labour unrest forces Harmony Gold to close South African mine

Harmony Gold Mining (NYSE:HMY) announced Thursday it has closed its Kusasalethu mine in South Africa a day earlier than planned for the festive holiday season due to violent demonstrations following the suspension of 578 workers.

Cecilia Jamasmie | December 20, 2012 | 1:00 pm

Lynas wins operations appeal in Malaysia

A Malaysian court dismissed an appeal against a temporary operating licence for Lynas Corp (ASX:LYC), an Australian rare earth miner, despite residents' opposition over alleged radioactive hazards.

Cecilia Jamasmie | December 19, 2012 | 7:32 pm

BHP to sell its Guinea iron ore mine to B&A Mineração

BHP Billiton (ASX, NYSE:BHP) has reportedly chosen mining venture B&A Mineração as the preferred bidder for its Mount Nimba iron ore mine, one of the largest deposits of the mineral in Guinea.

Cecilia Jamasmie | December 19, 2012 | 7:04 pm

Japan to subsidize underwater rare earth venture

Tokyo’s new governor, Naoki Inose, announced the city would subsidize companies joining a project to mine rare earth elements from the seabed off Minami-Torishima Island, to the southeast of Tokyo.

Cecilia Jamasmie | December 19, 2012 | 6:12 pm

Russian Alrosa renews rough supply contract with Rosy Blue

The company recently closed another deal worth nearly $60 million with U.S jewellery giant Tiffany.

Cecilia Jamasmie | December 19, 2012 | 4:36 pm

Vale will pay $232 million in taxes to Switzerland

Brazilian miner Vale SA (NYSE:VALE) said Wednesday its fourth-quarter results would suffer after the company decided to settle a case of alleged tax evasion with Swiss authorities.

Cecilia Jamasmie | December 19, 2012 | 3:55 pm

Canadian miner won’t replace Chinese workers until 2026

HD Mining, the Vancouver-based company that in early October sparked controversy and legal actions with its plan to bring up to 2,000 Chinese miners for its proposed $300 million coal mine, won’t replace all of its foreign workers by Canadians at least until 2026.

Cecilia Jamasmie | December 19, 2012 | 2:33 pm

Gold prices dive

Gold prices dived Tuesday to 1,684/oz at 12:15 ET as fiscal cliff talks continued ahead of the holiday week.

Cecilia Jamasmie | December 18, 2012 | 5:28 pm

DiamondCorp surges on funding news for South African mine

Shares in DiamondCorp (LON:DCP) climbed 13% after the company announced it has put in place what it called “the final piece in the funding jigsaw” for its Lace Mine in South Africa.

Cecilia Jamasmie | December 18, 2012 | 4:31 pm

Silver extremely low because of paper market — Embry

Sprott Asset Management's chief investment strategist, John Embry, said Tuesday that with China's silver demand rising sharply and money printing to infinity being Western central bank policy, silver's price remains ridiculously low on account of paper market games.

Cecilia Jamasmie | December 18, 2012 | 3:48 pm

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