Nordgold said that it will soon move to buy out the minority shareholders of its 75%-owned subsidiary High River Gold (HRG), a move that could position Nordgold for a full London share listing.
Industry sources confirmed today that BHP Billiton Limited and Rio Tinto are holding talks with Chinese steelmakers over iron ore lump premiums for 4Q 2012.
Gold Fields Limited announced the appointment of Ghanaian businessman Pierre Charles Coussey as new country manager for the company's operations in Ghana (Gold Fields Ghana Limited and Abosso Goldfields Limited).
Highland Gold Mining, backed by Russian billionaire Roman Abramovich, has posted weak 1H 2012 financial results. Net profit dropped by 64% to USD 45 million despite revenue growth of 2.1% to USD 161 billion.
Government officials told reporters today that Zambia aims to start publicly declaring the entirety of its mining revenues by the end of this year amid heightened efforts to increase transparency throughout the sector.
Centerra Gold Inc. announced that its Boroo mine, located in Mongolia, has received regulatory approval for its mine plan for the heap leach facility and therefore now has all required permits to resume heap leach operations.
