MINING.COM

Ivanhoe Australia cuts 50 jobs to $10 million

Copper and gold focused Ivanhoe Australia announced Tuesday that it will cut 50 jobs from its Queensland operations to save around $10 million.

Cecilia Jamasmie | June 26, 2012 | 1:17 pm

Barrick Gold appoints rival Agnico-Eagle CFO to boost stock price

The world’s largest gold company, Barrick Gold, has rehired a former member of its financial team to fill a senior management spot generated when it dumped former chief executive Aaron Regent in hopes of restoring its stock price.

Cecilia Jamasmie | June 26, 2012 | 12:41 pm

Dr Caterpillar’s chart says the global economy is going to get much sicker. And soon

But management of the equipment behemoth has stuck to their forecasts for a record-breaking year.

Frik Els | June 25, 2012 | 11:22 pm

Barclays: Commodity investors’ retreat is turning into a stampede

The speed and extent of recent commodity price falls suggest market participants are anticipating a severe deterioration in the macroeconomic outlook.

MINING.com Editor | June 25, 2012 | 10:33 pm

Power to China in the IMF – does this mean gold to be mobilized?

While the B.R.I.C.S nations are contributing to the I.M.F.’s funding with the purpose of shoring up the global financial system, they’ve stipulated that they want more power in the I.M.F.

Julian D.W. Phillips - Gold Forecaster | June 25, 2012 | 7:58 pm

South Africa to up the rent because nationalisation would break the bank

The African National Congress has proposed a tax to raise R40 billion: the Resource Rent Tax would take 50% of a mining company's profits that exceed 15% return on their investment.

Joshua Zapf | June 25, 2012 | 6:50 pm

Coeur d’Alene evaluating Argentina mine, offers $350m in senior notes

US-based precious metals producer Coeur d'Alene Mines Corp said Monday it would evaluate strategic and operational alternatives for its silver and gold Martha mine in Argentina to reduce its high operating costs during the rest of the mine’s short expected life.

Cecilia Jamasmie | June 25, 2012 | 1:06 pm

Miners have made a gold ETF monster: Nadler

The uninterrupted rise in gold ETFs has created an untested investment vehicle that could turn against people holding it, said Kitco economist Jon Nadler.

Michael Allan McCrae | June 24, 2012 | 7:56 pm

Ireland’s justice minister can’t link cash for gold shops to major crime

The justice minister of Ireland did not find a conclusive link between cash for gold shops and increased precious metal burglary in the country, but the minister's study did recommend that the country look at some controls for the industry.

Michael Allan McCrae | June 24, 2012 | 5:08 pm

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Month-end shenanigans everywhere

Chaarat Gold offer to Centerra values Kumtor mine at $800 million

This billionaire says he’s put half his net worth into gold

Botswana Diamonds, Vast Resources team up to explore in Zimbabwe

Artisanal miners in Venezuela operate under illegal unions

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