MINING.COM

Peru’s illegal mining exports problem worse than drug trafficking: report

Peru’s illegal mining exports reached $1.8 billion in 2011, exceeding even drug trafficking profits, which accounted for $1.2 billion, said local consultancy firm Macroconsult.

Cecilia Jamasmie | May 18, 2012 | 3:51 pm

Mining said to need ‘image makeover’ to attract workers. Paying average $40 an hour not enough

Despite paying the highest wages – average $40.42/hour vs a $25/hour across sectors – the mining industry faces an uphill struggle filling more than 100,000 new positions by 2021.

Frik Els | May 17, 2012 | 10:10 pm

Mongolia legislates caps on foreign investment

Mongolia is capping foreign investment in certain industries, including mining, in an attempt to keep profits inside the mineral-rich nation's borders.

MINING.com Editor | May 17, 2012 | 9:02 pm

Gold: A dead cat bouncing or last chance to buy before Grexit and QE in the EU send prices rocketing?

If the EU joins the US in flooding the market with cheap money it will be a massive boon for gold. It is worth remembering that before the Fed kicked off QE1 on 16 December 2008 an ounce of gold was changing hands for $837.

Frik Els | May 17, 2012 | 8:16 pm

Expat execs in Africa: Without ‘danger pay’ how does the money stack up now?

Africa's economic indicators are all pointing up, but executive pay packages and living arrangements for expatriates are changing too.

Frik Els | May 17, 2012 | 8:00 pm

Rio Tinto doubles mine trainees in Australia

Miner Rio Tinto has announced plans to double its mine trainee and apprenticeship programs to meet future demands in Australia, reports Australian Mining.

Joanna Gaskell - Education Editor | May 17, 2012 | 5:16 pm

Timmins Gold hits 52-week low after Q1

Mexican miner Timmins Gold (TSX:TMM) has lost 22% for the year and hit a 52-week low of $1.58 after reporting Q1 on Tuesday.

Michael Allan McCrae | May 17, 2012 | 1:45 pm

Gold flirts with bear market as bullion backed funds have longest losing streak since 2004

"As equities fall, as the Greeks take money out of the banks and the banking sector collapses, I suppose you'd have to be wary of further price falls just to cover for losses in other markets."

Frik Els | May 16, 2012 | 10:06 pm

Aurizon discovers three new ore lenses at Casa Berardi

Canadian gold producer Aurizon Mines has discovered three new lenses at its Casa Berardi mine in northwestern Quebec.

Andrew Topf | May 16, 2012 | 7:47 pm

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Artisanal gold miners in Nigeria seek government help

Community group in New Zealand worried about OceanaGold’s project

Illegal gold miners invade Grace Mugabe’s farm

East Africa Metals and Luck Winner fail to agree on Ethiopian projects financing

Avaaz launches campaign against Belo Sun’s massive Brazilian mine

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