Mongolia’s Oyu Tolgoi mine to lift force majeure

Graham Scott from Graham Scott and Associates (an engineering company in Rockhampton) says that the availability of high-paid jobs in the mining […]

The stars are aligning for gold take up its position of the ultimate storer of wealth, hedge against inflation and all-round best alternative to paper currency. But gold is not reacting the way it used to - instead it is trading back below $1,600 an ounce, down almost $30 on Friday and now showing a loss for 2012.

Barrick Gold, the world's largest gold company, said a new ruling outlawing mining near glaciers in Argentina will not interfere with its Pascua-Lama mine, one of the world’s largest new projects targeting the precious metal.

The company announced today that it plans to exit Papua New Guinea following receipt of a formal notice that the licence renewal for its non-core Kili Teke property was denied.

It has been an interesting week on the economic stimulus front with what looks like a co-ordinated effort by the major powers to ignite their respective economies.

The Globe and Mail looks at the mystery of a plane chartered by Barrick Gold that crashed into the Iskut River in 1996. The pilot perished and 16,600 pounds of gold condensate was lost. Condensate is not gold bars but still valuable. Barrick Gold has refused to speculate on the approximate value of the plane's cargo.

Osisko Mining Corporation reported that its second quarter gold production totaled a record 92,003 ounces from its flagship Canadian Malartic Mine. Year to date, Canadian Malartic has produced a total of 183,181 ounces of gold.

Peruvian police detained former Roman Catholic priest Marco Arana, the leader of the protests against Newmont Mining, yesterday evening. The situation has only worsened since the government declared a state of emergency.

Visual Capitalist has put together an infographic explaining why the silver state of Nevada seems now to be the home of the largest gold rush ever experienced in US history.