September 27, 2012

Strikes cripple 40% of South African gold production

Approximately 40% of South Africa’s gold production capacity is offline due to the combined impact of the ongoing illegal strikes at Gold Fields and AngloGold Ashanti’s operations in the country.

September 27, 2012

Local residents blockade roads to Barrick’s Pierina mine in Peru

Local residents continue to blockade the roads into and out of the Pierina mine in Peru's Huaraz Province in support of demands for water rights. The mine is operated by…

September 27, 2012

Report: North Korea secretly selling citizens’ gold to pay for missiles, birthday bash

Kim Jong-un and co has sold some two tonnes of the precious metal to China.

September 27, 2012

Panama rejects the acquisition by Inmet of Petaquilla Minerals’ concession

Petaquilla Minerals (TSX:PTQ) was up 7% to 61 cents this morning as the gold producer announced Wednesday that the Department of Mineral Resources of the Republic of Panama rejected a…

September 27, 2012

Philex Mining could face more penalties, but refuses to pay

Philippines-based Philex Mining Corp. (PX:PM), the country's biggest miner, may have to pay fines for violations of the Clean Water Act and the company’s own Environmental Compliance Certificate (ECC), the…

September 27, 2012

Golden Predator up 21% after downing Brewery Creek

Golden Predators secures $35 million to buy and develop the past producing heap leach gold mining operation in the Yukon.

September 27, 2012

Survey: Finland is top mining destination, Mexico jumps 16 places

Australia's Dragon Mining announced the discovery of a promising new area of gold deposits in Kuusamo, Finland, only hours after the country was announced as the top destination for mining…

September 27, 2012

Anglo Asian pre-tax profits hurt by harsh weather

Gold, copper and silver producer Anglo Asian Mining posted Thursday pre-tax profits of $10.5 million for the six months to the end of June - down from $14.2 million a…

September 27, 2012

BHP hopes for an extension to Olympic Dam expansion plan

BHP Billiton, the world's number one miner, has put its $30 billion Olympic Dam copper-uranium expansion back in the spotlight by asking South Australia state for a 46-month extension for…

September 27, 2012

Gold & precious metals report

December Gold settles 1780.5 up $26.40