Cecilia Jamasmie , Editor-in-Chief

Open-cut gold mine triggers worries for Australia’s Wombat forest

Environmentalists and the local community of central Victoria, Australia, are angry at the Department of Primary Industries for allowing Queensland-based company Fortitude Mining to go ahead with its gold exploration plans in the Wombat State Forest.

Cecilia Jamasmie | August 12, 2012 | 12:27 pm

Canadian Edgewater faces criminal accusations over gold project in Spain

(UPDATED) Canadian exploration company Edgewater is facing potential criminal charges in Spain for allegedly employing highly polluting technology in its Corcoesto gold project, in the North Western region of Galicia.

Cecilia Jamasmie | August 11, 2012 | 5:28 pm

Excellon substantial drop in profits triggers management changes

Excellon Resources (TSX:EX) Chief Financial Officer, Steve Poad, quit on Friday after the company reported a big drop in profits in the second quarter the day before.

Cecilia Jamasmie | August 11, 2012 | 3:24 pm

Lucara to sell less diamonds than projected from its Botswana mine

Canada’s Lucara Diamonds (TSX:LUC) shares went down over 3% on Friday after the company said it expected to sell 23% less diamonds this year from its flagship Karowe mine, in Botswana.

Cecilia Jamasmie | August 11, 2012 | 1:15 pm

Myanmar is open for business and ready for a gold rush

Myanmar —until recently called Burma— is slowly but steadily starting to attract foreign investment, driven mainly by international resource firms eager to tap into the mineral-rich South East Asia's country.

Cecilia Jamasmie | August 11, 2012 | 12:17 pm

Highland Gold production up 9.5%, on track for output target

Russian gold miner Highland Gold said Friday it is on track to meet its full-year output target of 200,000-215,000 troy ounces of gold and gold equivalents.

Cecilia Jamasmie | August 10, 2012 | 6:40 pm

Mexico halts operations at 32 coal mines over safety fears

The Mexican government halted operations at the coal mines in the northern state of Coahuila on Thursday due to safety issues that have already caused the death of 13 coal miners in the last three weeks.

Cecilia Jamasmie | August 10, 2012 | 2:10 pm

Quebec-Labrador railway may spark iron ore boom

The Canadian National Railway and the Caisse de depot pension fund manager are studying an infrastructure project for the Quebec-Labrador iron belt, which may be what Canada needs to become one the world’s major iron ore producers.

Cecilia Jamasmie | August 10, 2012 | 1:46 pm

Analysts say dump Lynas

Analysts from Foster Stockbroking told investors to purge their shares in rare earths miner Lynas Corporation as there is no end in sight for the ongoing problems that have forced the company to halt operations in Malaysia.

Cecilia Jamasmie | August 10, 2012 | 12:25 pm

Randgold posts record production from its Mali mine despite unrest

Gold producer Randgold Resources posted today strong results for its second quarter production and profits, despite the ongoing political turmoil in Mali – where it extract two-thirds of its gold output.

Cecilia Jamasmie | August 9, 2012 | 5:31 pm

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