MINING.COM

S. Africa gold mining shares knocked by wage hike demands

South Africa's gold mining companies have been hit by union demands for wage hikes but the industry has little room to budge as current collective agreements do not expire until the middle of next year, the country's chamber of mines said.

Business Report | August 28, 2012 | 4:27 pm

Forest fire forces Atlanta Gold to halt work at Idaho project

Canadian junior Atlanta Gold (TSX:AGC) on Tuesday reported that it was cut off from accessing its Atlanta gold property by a forest fire, and might not be able to continue court-ordered remediation work to the water treatment facility until mid-October.

Cecilia Jamasmie | August 28, 2012 | 3:12 pm

More singers join the ‘supercycle is over’ choir

Financial Times analysts are the latest ones singing the “supercycle is over” song, as the paper points today to recent profit reports from major miners, including Anglo American, BHP Billiton, Rio Tinto and Xstrata as the most recent evidence.

Cecilia Jamasmie | August 28, 2012 | 2:16 pm

Peru abandons Newmont’s $4.8 billion Conga

The Peruvian government has thrown in the towel on Newmont Mining's (NYSE:NEM) controversial Conga mine as the nation's prime minister announced Monday evening the $4.8 billion copper-gold project is now on the back burner.

Cecilia Jamasmie | August 28, 2012 | 1:18 pm

Eric Sprott cautions investors to fear the financial system

Sprott says it's time for people to take matters into their own hands and that means pushing further and further into precious metals equities as well as physical gold and silver.

The Gold Report | August 28, 2012 | 3:52 am

Gold miners beleagured by ‘exponential’ increase in costs

Gold miners confront costs which are 'increasing exponentially' according to Silver Doctors, with some predicting that gold prices will need to rise to $3,000 within five years in order for companies to stay profitable.

Marc Howe | August 28, 2012 | 3:31 am

VIDEO: Reasons the US needs a better mining permitting process

ermitting delays are hindering United States’ economic growth, says The National Mining Association (NMA), which estimates the nations sits on nearly $6.2 trillion worth of key undeveloped mineral resources, such as gold and copper.

Cecilia Jamasmie | August 27, 2012 | 6:07 pm

Chinese acquired Canadian gold miner Inter-Citic for $252 million

Inter-Citic Minerals Inc. (TSX:ICI) stocks soared over a third Monday after the company revealed it was being acquired by a subsidiary of China-based Western Mining Group, in a deal that values the Canadian gold miner at $252 (Cd$250) million.

Cecilia Jamasmie | August 27, 2012 | 5:54 pm

Brazil halts ruling on use of mercury in gold mining

Brazil’s new regulations on gold mining in the Amazonas State that limit, but don’t outlaw the use of mercury, has scientists and activists up in arms.

Cecilia Jamasmie | August 27, 2012 | 3:54 pm

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