African Iron Limited appoints new Chief Executive Officer

Simon Youds appointed as Chief Executive Officer.Mr Youds is currently Managing Director Australia of unlisted, manganese and chromite producer, Consolidated Minerals Limited.

Mineweb | July 28, 2011 | 5:51 pm

Oakland Resources quarterly report highlights significant gold mineralisation at Spion Kop

Oakland Resources (ASX: OKL) has released its Quarterly Report for the period ending June 2011 showing significant gold mineralisation intersected in shallow RC drilling at Spion Kop Prospect.

Mineweb | July 28, 2011 | 5:51 pm

Should one still buy gold at, or nedar, near its record high?

There's one question that I've been seeing over and over for the last several weeks as the price of gold has taken out its all-time highs and continued a nearly uninterrupted ascent: Should I buy gold now?

Mineweb | July 28, 2011 | 12:08 pm

Coal India seeking to acquire stake in Indonesia’s Golden Energy for around $1bn

Coal India, which is keen to acquire coal mines abroad, has finished its initial negotiations with Indonesia's Golden Energy Mines and is awaiting the Indian government's nod for a $1 billion buy. The world's largest coal miner, Coal India, is seeking

Mineweb | July 28, 2011 | 8:36 am

Xstrata bidding for Canadian coal explorer

Major miner Xstrata is making an agreed $153 million bid for Canada's First Coal Corporation which owns coking coal exploration leases in British Columbia Miner Xstrata has made an all-cash bid for privately held Canadian miner First Coal Corporation, it

Mineweb | July 28, 2011 | 8:36 am

Escondida strike buoys copper prices but markets nervous on global demand

London copper futures rose for a second day on Wednesday as supply worries brought on by an extended strike at the world's largest copper mine countered concerns over protracted talks in the United States to lift its debt limit. But the thin trading volumes in Asian hours and modest gains suggest investors were far from aggressive in pushing up copper prices, now trading just around 3 percent away from historic highs, given a shaky outlook for global demand. Satellite image of Escondida Mine in Chile

Mineweb | July 27, 2011 | 12:15 pm

Inflows into precious metals ETFs roaring back

While commodities ETFs - led by precious metals funds like the SPDR Gold Trust (GLD) and the iShares Silver Trust (SLV) - are hot, currency ETFs are even hotter. Flows into 38 U.S.-listed currency ETFs this year stood at $2.2 billion through last week, according to a new review of fund flows by ConvergEx Group.

Mineweb | July 27, 2011 | 12:05 pm

Avocet buying back its gold hedge book

UK-based West African gold miner, Avocet Mining says it has bought back 20% of its gold hedgebook to take advantage of anticipated higher gold prices. West African-focused Avocet Mining said it bought back 20 percent of its gold hedge book to give it

Mineweb | July 27, 2011 | 9:01 am

Harmony preparing for possible strike

Harmony Gold Mining Company Limited said that following wage negotiations with the trade unions (National Union of Mineworkers (NUM), Solidarity and UASA) a deadlock was declared yesterday.

Mineweb | July 26, 2011 | 10:54 pm

Inmet board approves development of Cobre Panama copper project

The Inmet Mining Board of Directors has approved the development of the Cobre Panama copper-gold-molybdenum project in Panama. As a result of the development decision Monday, LS-Niko Copper subsidiary, Korea Panama Mining Corp. (KPMC) has to decide whether to exercise its option to acquire a 20% interest in Minera Panama within 60 days. Image of the Cobre Panama copper project by Inmet Mining

Mineweb | July 26, 2011 | 5:34 pm

Fy 2011 underlying net profit of A$70m expected – Whitehaven Coal

According to the Australian coal miner, FY 2011 underlying net profits, before significant items are likely to come in at A$70m, boosted by a strong output performance in the June quarter Australia's Whitehaven Coal reported a 48 percent rise in equity

Mineweb | July 26, 2011 | 11:32 am

Solid operational performance for Gold One for June 2011 quarter

About Gold One: Gold One is a gold producer listed on the financial markets operated by the ASX Limited and the JSE Limited, issuer code GDO. Its flagship operation is the newly built shallow Modder East mine on the East Rand, some 30 km from

Mineweb | July 26, 2011 | 10:29 am

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