Cecilia Jamasmie , Editor-in-Chief

Iron ore freefall catches miners

Iron ore prices hit the lowest level since November 2009 on Tuesday as the commodity crashed 4.6% closing at $94.80. The dive proved a drag for producers of the commodity, particularly companies investing heavily to expand their production capacity.

Cecilia Jamasmie | August 29, 2012 | 6:14 pm

Gran Colombia gold announces additional purchases of shares by managers directors

Canadian Gran Colombia Gold Corp. (TSX:GCM), the largest underground gold and silver producer in the South American country, announced that senior managers and members of the board of directors have purchased a combined 380,000 common shares of the company.

Cecilia Jamasmie | August 29, 2012 | 4:08 pm

Anglo American sheds workers as coal prices plummet

London-based Anglo American (LSE:AAL) has joined an expanding list of coal producers making staff cuts at specific Australian operations, after it announced it will cut at least 50 jobs when its Moranbah North mine reverts back to a single longwall operation.

Cecilia Jamasmie | August 29, 2012 | 3:37 pm

Balmoral discovers three new areas of gold mineralization in Quebec property

Balmoral Resources (CVX:BAL) reported Wednesday that exploration drilling on its Martiniere Property, in central Quebec, conducted well outside the previously known extent of the site’s gold system, has intersected three new, broad areas of gold mineralization.

Cecilia Jamasmie | August 29, 2012 | 2:55 pm

Talks start after deadly Lonmin strike in S. Africa

Managers, unions and workers at the troubled platinum miner Lonmin's (LON:JSE) Marikana mine, started talks with South African government mediators on Wednesday as thousands of miners continued a strike that has left 44 dead.

Cecilia Jamasmie | August 29, 2012 | 1:32 pm

Newcrest restarts Lihir mine

Gold producer Newcrest Mining (ASX:NCM) resumed its operations at the Lihir project, in Papua New Guinea, following the resolution of a dispute lodged by the Lihir Mining Area Landowners Association (LMALA).

Cecilia Jamasmie | August 29, 2012 | 12:30 pm

Land fight forces Newcrest to shut Lihir gold mine

Australia’s largest listed gold company by market capitalization, Newcrest Mining (ASX:NCM), said Tuesday it had to suspend production at its flagship Lihir mine in Papua New Guinea, as protests from a local landowners’ group keep escalating.

Cecilia Jamasmie | August 28, 2012 | 6:56 pm

Eco Oro shares plunge on Colombian mining agency ruling

Shares of Eco Oro Minerals Corp. (TSX:EOM) plunged over 50% on Tuesday to $94 cents in early trade after Colombia’s national mining agency scrapped most of its concession on environmental grounds.

Cecilia Jamasmie | August 28, 2012 | 5:49 pm

Chavez told to ‘forget oil’ and boost the country’s gold industry

The president of Venezuela's national mining chamber (Camiven), Luis Rojas, called the country leader Hugo Chavez to boost the local gold industry, as bullion production levels are close to historic lows.

Cecilia Jamasmie | August 28, 2012 | 5:17 pm

Perseus Mining reports maiden profit of $52.5 million

Gold miner Perseus Mining (ASX & TSX:PRU) reported Tuesday a maiden profit of A$52.4-million for the 12 months ended June, after the company reported its first half year of commercial production.

Cecilia Jamasmie | August 28, 2012 | 4:36 pm

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