Chinese firm has plans to revive Uganda’s Kilembe copper/cobalt mine

Gingko Energy Company plans to spend $100 million over five years to revive production at the Kilembe copper/cobalt mine, which was abandoned in the early 1980s due to political turmoil.

Mineweb | April 30, 2012 | 3:55 pm

Mongolia’s mine law change unlikely to be retroactive – minister

Vice finance minister, Chuluun Ganhuyag, says the proposed new law will only apply to investment in certain deposits, but the list will go beyond the country's current list of strategic assets.

Mineweb | April 30, 2012 | 3:24 pm

Gold holds above $1,660/oz on monetary easing talks

Gold stayed above $1660 an ounces Monday as prices received support from speculation the U.S. Federal Reserve could launch a new round of monetary easing.

Mineweb | April 30, 2012 | 2:53 pm

Gold and commodities largely flat in Monday morning trade

Physical bullion demand giving "no support", S&P downgrades Spanish banks, French and German politicians "moving to the right", COMEX net longs in gold fell 5%

Mineweb | April 30, 2012 | 2:52 pm

Veteran broker accuses BHP Billiton of destroying own wealth with bad decisions

From aborted takeover attempts for Rio Tinto and Potash Corp and what is seen as a disastrous successful one for Petrohawk, BHP Billiton is accused of making many bad decisions at an Australian conference..

Mineweb | April 30, 2012 | 11:41 am

Japanese joining Indians, Chinese as major gold buyers

According to Michael Lombardi, lead contributor to Profit Confidential, there is mounting evidence of large amounts of buying in the gold market by India, China and now, Japan.

Mineweb | April 30, 2012 | 10:54 am

Sirius Minerals in early talks with lenders for UK potash project

Potash explorer Sirius Minerals says it is in early talks with lenders to raise $2.5 billion needed to fund its North Yorkshire potash project in the UK.

Mineweb | April 30, 2012 | 10:31 am

Aquarius Platinum posts Q3 net loss

The miner posted a net loss of $9.4 million for the quarter to the end of March, owing to weaker platinum prices and a drop in production on the back of poor ground conditions.

Mineweb | April 30, 2012 | 10:28 am

Canada becoming world class iron ore region, copper to rally H2 -Scotiabank’s Mohr

China's push to diversify its supplies away from the big three iron ore miners is propelling development that will transform Canada's Nunavut/Labrador Trough into a world-class iron ore region.

Mineweb | April 30, 2012 | 6:24 am

Physical gold market undergoing staggering change – Sprott and Baker

‘When gold fundamentals no longer apply, review the fundamentals'. The physical gold market is seeing enormous changes and this will have to feed through in terms of hugely rising prices.

Mineweb | April 29, 2012 | 10:47 am

Datasat’s remote communications microsite for the mining sector

Mines are often located in very remote areas with indifferent, or no, access to modern communications systems which are taken for granted in most places nowadays. This new microsite details the options available.

Mineweb | April 27, 2012 | 9:55 am

Polyus Gold confirms intent to sell 7.5 pct stake

The company says it remains its intention to dispose of the 7.49% stake held by its subsidiary, Jenington International Inc, as it continues its goal of winning a premium listing in London.

Mineweb | April 26, 2012 | 2:30 pm

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