Tanzania orders wall built around tanzanite mines, purchases of stones
President John Magufuli also directed the central bank to buy the precious stone to boost reserves — the latest twist in a spat with mining firms over alleged tax evasion.
Mongolia's massive Oyu Tolgoi copper-gold project is expected to begin production in August 2012, sooner than forecast, said Temuulen Ganzorig, Deputy Director of Erdenes MGL which partners with Ivanhoe Mines and Rio Tinto in developing the site.
International Minerals Corporation (TSX: IMZ) (SWISS: IMZ) reports updated mineral reserve and resource estimates for the Pallancata silver mine, Peru, jointly owned by IMZ (40% interest) and Hochschild Mining plc ("Hochschild", 60% interest) based on information supplied by Hochschild, the mine operator, as of December 31, 2010.
Nunavut is attracting the attention of the world's miners like never before, says Scotiabank commodities analyst Patricia Mohr, speaking at a mining summit in the mineral-rich Canadian northern territory. Nunatsiaq Online reports:
Pushed by the developing world’s growing hunger for consumer items, civil unrest in many countries, and “random” events like the recent tsunami, earthquake and nuclear power plant disaster in Japan, mining companies around the world are eying Nunavut with far more interest than before.
Silver Quest Resources (TSX.V: SQI) (“Silver Quest” or “the Company”) is pleased to report the discovery of a significant gold-in-soil anomaly, referred […]
South African gold miner DRDGold (DRDJ.J: Quote) said on Wednesday that it expected gold production for March quarter to be about three percent lower than the previous quarter at around 67,400 ounces.
It also said in a guidance for investors that cash operating costs were expected to be about six percent higher as a result of the lower production.
The key gold futures on the Tokyo Commodity Exchange scaled a 28-year high on Wednesday, driven by a rally to record peaks in the global gold market the day before and a weaker yen.
Natural resources have become a battleground in Peru’s election campaign where the left wing nationalist frontrunner wants more state control over country’s […]