MINING.COM

US$90 million silver bullion Ponzi scheme uncovered in South Carolina

The U.S. Commodity Futures Trading Commission said on Wednesday that is charging defendants Ronnie Gene Wilson and Atlantic Bullion & Coin with fraud in connection with operating a $90 million Ponzi scheme.

Michael Allan McCrae | June 7, 2012 | 10:47 pm

Kloppers clobbers capex: Forget Olympic Dam and Jansen, BHP is now even cutting back iron ore

“The economics of some of these projects has changed,” he said. “I think for the next two years, 18 months perhaps, we will just wait and see how things develop.”

Frik Els | June 7, 2012 | 10:12 pm

Bernanke, bullion, bathos and Bill Gross

"Boy, that was anti-climactic. There was absolutely nothing in terms of a policy signal...no different than what he might have said at any point over the last few years."

Frik Els | June 7, 2012 | 4:58 pm

S&P Capital IQ endorses Barrick Gold after major management shakeup

Following yesterday's announcement of leadership changes in Barrick Gold, S&P Capital IQ said the firm keeps its strong buy recommendation on the company’s shares.

Cecilia Jamasmie | June 7, 2012 | 2:19 pm

Lake Shore Gold extends high-grade core at Gold River Trend

Canadian Lake Shore Gold Corp. (TSX:LSG) said Thursday it is extending the area of high-grade core at its Gold River Trend property, after analyzing results of seven new holes (1,440 m) of drilling.

MINING.COM Staff Writer | June 7, 2012 | 1:58 pm

Lumina Copper discovers two new copper mineralized zones at Taca Taca

Already with massive copper, gold and molybdenum deposit in Argentina, Lumina Copper now has two new copper mineralized zones.

Michael Allan McCrae | June 7, 2012 | 5:03 am

10-year review critiques the mining industry’s sustainability

The IIED report urges the sector to move from improving its standards in principle to actually implementing them in practice.

Cecilia Jamasmie | June 7, 2012 | 1:50 am

Peru bringing charges of sedition against anti-Conga protest leader

Peru's Congress in a terse statement last night announced charges of “an incitement to the crime of rebellion” against Gregorio Santos, the province of Cajamarca’s Maoist governor who has lead violent protests against Newmont Mining's stalled Conga project.

Frik Els | June 6, 2012 | 5:12 pm

Kinross suspends mining at Tasiast gold mine in Mauritania

Canadian Kinross Gold Corp. (TSX:K, NYSE:KGC) said on Wednesday that workers at its Tasiast gold mine in Mauritania, West Africa, have initiated an unlawful work stoppage, halting mining and processing activity.

Cecilia Jamasmie | June 6, 2012 | 3:59 pm

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Thor Explorations aims to lead Nigeria’s new mining pack

Barrick signs 10-year gas supply deal to make Dominican mine greener

Argentina luring Australian investors into its mining sector

Canadian company to reopen gold mine in Spain

Survivor of Sibanye mine accident released from hospital

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