November 1, 2012

Peñoles mine in Durango estimated to enter operations in 2Q 2013

Industrias Peñoles estimates that the company will carry out the first tests for zinc extraction in the Velardeña mine, located in Durango, Mexico, in November 2012.

November 1, 2012

Amplats announces transfer of 51% of Zimbabwe mine to locals

Anglo Platinum announced today that it is transferring 51% ownership of its Unki mine in Zimbabwe to locals. The decision came after President Robert Mugabe's administration pressured Amplats to do…

November 1, 2012

AngloGold: Sit-in at Mponeng mine resolved

AngloGold Ashanti Ltd. announced today that a sit-in at its Mponeng mine in Carletonville, in which some 120 of a total of 6,000 workers participated, was resolved in the early…

November 1, 2012

9M Gold production in Russia up by 4.7% YoY

Gold production in Russia during January-September 2012 increased by 4.7% YoY to 144.4 metric tons (mt), the association of gold producers said.

November 1, 2012

Striking South African coal miners killed at Canadian mine

South African police fired tear gas on Thursday to disperse a group of striking coal miners a day after security guards killed two workers that had tried to break into…

November 1, 2012

Investors jump back into Nautilus after CEO departure

Nautilus Minerals shot up 8.5% in heavy volumes on Wednesday as investors anticipate a new direction for the embattled company following the departure of long-time CEO Stephen Rogers.

November 1, 2012

Pascua-Lama costs and challenges take shine off Barrick Gold earnings

Cost burdens continue to upset Barrick Gold Corp. (NYSE, TSX: ABX), as the globe's top gold miner hiked Thursday its cash cost guidance for 2012 and warned that costs at…

November 1, 2012

Germans demand bullion back after Federal Reserve refuses to let them view their own gold

A secret report by Germany’s Federal Audit Office leaked to the public last week states that the Federal Reserve Bank of New […]

November 1, 2012

Australia’s mining workforce up 65% over five year period

69,667 more Australians joined the mining industry from 2006 - 2011

November 1, 2012

Bullion makers bounce back from 28-year low against gold

Major gold miners are bouncing back from 28-year lows against the precious metal via cost reductions and improved cash flows. Bloomberg reports […]