Giant miner Rio Tinto is closing down its Blair Athol coal mine in Australia as the company considers whether to limit spending on new projects next year.
South Africa's total mineral production grew 4.2% in June but the negative trend in gold output continued its course with bullion output dropping 4% by volume.
USA’s largest primary silver producer, Coeur d’Alene Mines (NYSE:CDE)(TSX:CDM), reported a second-quarter profit on Tuesday that beat analysts' estimates thanks to cost cutting and improved gold production results at its Kensington gold mine in Alaska.
For those who expected that Canada’s reporting season would give its subdued mergers-and-acquisitions market a good push, consultants from Ernst & Young have a clear message: a merging frenzy this way comes.
Mexico may not be breaking records at London’s Olympic Games, but back home it is scoring big. On Monday, the Mexican Chamber of Mining announced the country hit a new record in gold production in 2011.
Barrick Gold, the world’s largest producer of the precious metal, said it would continue to pursue acquisition opportunities despite the full review of its operations.
Xstrata has approved a $360 million expansion for its McArthur River mine in Australia’s Northern Territory which will make the project the largest producer of zinc in the world.