Gold and silver junior Eco Oro Minerals said it will to appeal a ruling by a Colombian court that ordered the Ministry of Mines and Energy to take action to “leave without effect resolution 3452", which is the company’s main mining title.
Chinese producer of bauxite Bosai Minerals Group halted its operations in Guyana on Friday due to violent protests against the miner that left at least three deaths on Wednesday, said the President Donald Ramotar.
An Idaho court has ordered Canadian Atlanta Gold Corp (TSX:ATG) to pay a bulky $2 million fine for its continuing failure to stop arsenic and iron from flowing into a tributary of the Boise River system.
There is no end on sight to the mining boom in Australia, a country which mineral resources sector value is expected to reach $122.6 billion by 2016, growing at an annual average rate of 4.3%, reveals a study published Saturday.
Making the 2012 Olympic gold medal from pure gold would amount to $22,000 per medal at Friday's closing price of $1,585 an ounce. Event organizers baulked and opted for a mix of silver, a few grams of gold and copper for winning athletes.
A new method of underground gold mining, being tested by AngloGold Ashanti, is filling headlines in the country, as the method has the potential to reverse the decline in South Africa’s gold output.
Profit for De Beers, the world's number two diamond producer after Russia's Alrosa, is down 53% for the first half of 2012 affected by worries over consumer demand and shortage of financing for cutters and polishers.