Pretium Resources, which owns an 8.3-million ounce gold deposit at the Brucejack property in British Columbia, is raising $18.5-million through a private placement it said on Thursday.
Diversified miner Cliffs Natural Resources has budgeted $1-billion for capital expenditure in 2012, with more than half going into its Canadian iron-ore operations.
TSX-listed Grande Cache Coal said on Thursday it had “no reason to believe” that a report alleging fraud at the Hong Kong-listed firm which agreed to buy it had merit.
South Africa’s mining production dropped by 4.6% year-on-year in November, compared with a decline of 12% in October, Statistics South Africa reported on Tuesday.
Diversified resources giant Rio Tinto increased its iron-ore production to a record in the fourth quarter, as the miner pushed ahead with its expansion programme in Western Australia.
Aim-listed London Mining on Monday slammed a $650-million lawsuit by joint venture partner Wits Basin Precious Minerals as a tactic to avoid repaying its loan.
Mining major BHP Billiton’s South African energy coal unit Becsa has suspended mining activities at the underground operation of its Khutala colliery near Witbank, after a fatal accident on Thursday.
Metals developer Gindalbie Metals has launched a major new recruitment campaign for fly-in, fly-out workers to staff its A$2.57-billion Karara iron-ore project in Western Australia.
South Africa’s black-controlled diversified mining company Exxaro Resources is putting the Republic of Congo (RoC) on the map as a new African iron-ore development frontier with its R3-billion (A$338-million) cash takeover offer of African Iron.
The National Union of Mineworkers (NUM) said on Wednesday that about 1,000 of its members would down tools at diversified miner Exxaro’s Arnot coal mine near Witbank on Friday.
