May 30, 2013

Centerra Gold suspends Kumtor Mine operations

The national grid power supply to its flagship Kumtor mine in Kyrgyzstan has been disrupted by local protesters who have been blocking the road leading to the site.

May 30, 2013

Numbers don’t lie: Aussie capex drops, mining boom is over

Capital expenditure in mining peaked last year, stabilized in the second half of 2012 and then plunged steeply in the March quarter, wiping almost $1.5 billion off Australia's quarterly output.

May 30, 2013

South African President urges stability in beleaguered mining sector

Between January and March, the country's economy grew by just 0.9% and analyst blame the mining industry for this.

May 30, 2013

The gold war: Rick Rule on paper vs physical

"I like to think that we are seeing a continuation of a trend of gold going from weak hands to strong."

May 30, 2013

Asian gold demand to hit all-time quarterly high: World Gold Council

Taken together, China and India account for more than half of consumer bullion demand worldwide.

May 30, 2013

British Columbia First Nations turn up heat on Imperial Metals

Protests took place outside Imperial Metals' May 29 AGM.

May 29, 2013

Freeport reopens pit mining at Grasberg in Indonesia

Underground mining is still suspended while a safety inspection is conducted.

May 29, 2013

Illegal gold mining costs Uganda millions in lost revenue

A government official said the issue is so alarming that the country exported none of its own gold in April.

May 29, 2013

Ukraine to begin gold mining this year

Country estimates it has more than 900 tonnes of gold resources.

May 29, 2013

Understanding gold market dynamics

By treating the gold market as if it were comprised of just one type of investor, analysts have drawn false conclusions about the recent volatility.