MINING.COM

Xstrata to pay $342 million to execs after Glencore merger triggers ‘red-top alert’

The unusual alert, considered the Association of British Insurer's most serious warning, indicates a breach in corporate governance.

Cecilia Jamasmie | June 21, 2012 | 12:24 am

Papua New Guinea won’t budge over Nautilus seabed mine. Shareholders abandon ship

Canada's embattled Nautilus Minerals dropped 11.5% on Wednesday after Papua New Guinea said it is within its rights to terminate a deal made last year for the development of the world's first commercial seabed mine.

Frik Els | June 20, 2012 | 8:36 pm

China takes up India’s gold buying slack

A strong yuan and few other investment opportunities are prompting record gold buying in China just as India's appetite wanes due to a weakening currency.

Frik Els | June 20, 2012 | 5:49 pm

Gold sinks below $1,600 after Fed disappoints

Traders were disappointed by the size of the asset purchase program that the Federal Reserve and its Chairman Ben Bernanke decided on, sending gold tumbling more than $25 by lunchtime to change hands at $1,598 an ounce. Earlier in the day the metal fell to $1,591.

Frik Els | June 20, 2012 | 5:14 pm

Australian PanTerra Gold restarts operations at Las Lagunas gold and silver project

Australian PanTerra Gold restarted operations at its Las Lagunas gold and silver project, in the Dominican Republic, adding that the feed issues to the Albion carbon-in-leach processing plant had been resolved.

MINING.COM Staff Writer | June 20, 2012 | 5:09 pm

When being the richest miner is not enough: become the largest holder of mineral rights in Brazil

The world’s richest mining entrepreneur and wealthiest man in Brazil, Eike Batista, is now also the largest holder of mineral rights in the South American iron ore-rich area of Mato Grosso do Sul, with 9,362.98 hectares under his control.

Cecilia Jamasmie | June 20, 2012 | 4:25 pm

San Gold expands operations by acquiring three gold properties in Ontario

TSX-listed San Gold is increasing its footprint in Ontario after it signed an agreement on Tuesday to buy three mineral properties from exploration junior Opawica Explorations for about ten million shares.

Cecilia Jamasmie | June 20, 2012 | 12:33 pm

Ben Bernanke the two of us need look no more. We both found what we were looking for: QE3

Gold bugs are waiting with bated breath for news that the Federal Reserve and its Chairman Ben Bernanke have agreed to further asset purchase programs when the Open Market Committee releases its policy statement on Wednesday.

Frik Els | June 19, 2012 | 11:30 pm

Semafo up 4% after tracing new trend over 10 kilometers in Niger

The $1.5 billion company currently operates three gold mines: the Mana Mine in Burkina Faso, the Samira Hill Mine in Niger and the Kiniero Mine in Guinea.

Frik Els | June 19, 2012 | 5:38 pm

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Copper rookie looks to Glencore and Chinese for downstream dream

Asia Gold-Buyers unimpressed by price dip; India shifts to premium

Colombian initiative prevents 25 tonnes of mercury from entering the environment

Canadian junior expands in Peru

Canadian Miner Agnico to divest cobalt assets, sells gold interests

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