Newcrest Mining, the world's No.3 gold miner, on Tuesday cut its production forecast for this year, saying its major projects had struggled to reach output targets.
Two miners died at South Africa's Modikwa Platinum underground mine after a cave-in, bringing the number of workers killed at mines in the country this year to more than 10, the National Union of Mineworkers said Saturday.
Freeport-McMoRan Copper & Gold Inc said supervisory staff and volunteers are operating its Cerro Verde mine in Peru and production has not been hurt by a strike. "Production of copper and molybdenum concentrates have not been materially affected by the
The remains of a previously-undiscovered prehistoric crocodile measuring 20 feet long has been discovered by U.S. researchers in a Columbian coal mine. The creature, known as Acherontisuchus guajiraensis, is believed to have lived around 60m years ago
There was some upbeat talk about new projects in Mozambique and Mongolia, but reporters and investors homed in on CEO Tom Albanese's comment that "markets are somewhat weaker than they were 6 months ago."
More than a thousand workers have returned to Freeport McMoRan Copper & Gold's strike-hit Indonesia mine, the company said on Monday, leading the union to say some production has restarted at the world's third-biggest copper mine.
Newmont Mining Corp.'s Indonesian unit said on Monday it is in talks with a worker union and local government to solve a protest that blocked access to its copper and gold mine last week.
The parabolic rise in central bank and investment demand is driving the Gold Bull Market and it will likely continue well into 2013 and could push the Gold price to 3000 oz and higher.
Silvercorp Metals Inc., a Vancouver-based mining company, said Wednesday it purchased 2,027,167 of its common shares at an average price of $8.112 (Canadian).
Gold edged higher on Tuesday, following its worst weekly performance in two months last week, supported by improving physical demand and some investor uncertainty ahead of minutes from the U.S. Federal Reserve's recent policy meeting.
The Australian Coal Association (ACA) today questioned the results of the Grattan Institute research on the impact of the proposed carbon tax on the coal, LNG and steel industries.
