SEMAFO drills 4.29 g/t Au over 25 meters at Mana’s Fofina Area – consistent values and widths confirm high-grade mineralization

SEMAFO (TSX: SMF) is pleased to provide an update on ongoing delineation drilling at Mana's Fofina area, a deposit that was discovered in 2010.

Mineweb | July 18, 2011 | 6:55 pm

Marenica Energy – Progress Update: Marenica Uranium Project, Namibia

International uranium company Marenica Energy (ASX: MEY) is pleased to provide an update on ongoing resource in-fill and exploration drilling programs at its flagship 75%-owned Marenica Uranium Project located in Namibia, southern Africa. Drilling was

Mineweb | July 18, 2011 | 11:25 am

Zhaojin Mining passes govt. safety inspection; to resume Shandong production

Zhaojin Mining Industry Co Ltd said on Monday it passed a government safety inspection and would resume production at all its mines in Shandong province. In a filing with the Hong Kong bourse, the company said it received notification from the local government that all its Shandong mines had passed inspection.

Mineweb | July 18, 2011 | 9:51 am

Niger wants better price for Uranium supplies

Niger, a major supplier of uranium to the French nuclear sector, wants a better price for its supplies, President Mahamadou Issoufou told state TV. Issoufou, who came to power after March elections that ended just over a year of military rule, said the poor desert state was determined to make the most of its resources.

Mineweb | July 18, 2011 | 9:51 am

Two miners still missing after accident at Russian mine

Seventy six miners managed to escape from a Russian coal mine in the Arctic after a collapse caused by a geological event, one was rescued a day later but, two are remain unaccounted for. Two miners were missing in an Arctic Russian mine after an

Mineweb | July 18, 2011 | 8:51 am

Bank on silver, not banks or real estate, as protector in the coming crash

Silver is seen as retesting $50 as precious metals provide a continuing protection against inflation and a predicted stock market crash.

Mineweb | July 18, 2011 | 8:43 am

Goldminex Resources Signs $20 million Farm-In Agreement Vale

PNG focused Goldminex Resources which targets large scale gold, copper and nickel deposits is pleased to announce it has signed a US$20 million Farm-In Agreement with Vale in respect to its Owen Stanley Package.

Mineweb | July 18, 2011 | 7:56 am

US gold and silver investors return as longs increase and GLD value hits new record

Gold and silver futures and ETF values have been increasing along with higher metals prices, with GLD hitting a new record in value terms if not in gold tonnage held. The recent increases in precious metals prices have been stimulating gold and silver demand.

Mineweb | July 16, 2011 | 3:42 pm

Tshepong mine still shut- Harmony Gold

Harmony Gold said on Friday that its Tshepong mine in South Africa remained shut and that lost production was expected to be 20 to 25 kgs of gold per day. South Africa's third largest gold miner said on Tuesday operations at Tshepong had shut after a worker died there following a rock fall.

Mineweb | July 15, 2011 | 12:41 pm

Harmony Gold’s guidance for the June 2011 quarter

Harmony Gold Mining Company Limited (Harmony) announces that higher production from its growth assets resulted in overall production being higher quarter on quarter. Gold production for the June 2011 quarter is likely to be 3% higher than the previous

Mineweb | July 15, 2011 | 12:31 pm

DRDGOLD guidance for year ended 30 June 2011

Shareholders are advised that DRDGOLD expects its group gold production for the year ended 30 June 2011 (FY2011) to be about 10% higher than in the previous year, at around 265 200oz. Cash operating unit costs for FY2011 are expected to be about 8% higher. It is estimated that capital expenditure for FY2011 will be about 70% higher than the previous year, reflecting the continued development of the Crown/Ergo pipeline.

Mineweb | July 15, 2011 | 12:31 pm

European Goldfields ups total resource and reserve estimates

European Goldfields has raised its total resource and reserve estimates due to revised figures from its Skouries and Olympias projects in Greece, prompting a rise in its shares.

Mineweb | July 15, 2011 | 11:39 am

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