MINING.COM

GoGold makes a deal for $30 million in cash and 741,000 gold equivalent ounces

After making a deal to combine with privately-held Absolute Gold last May, GoGold Resources (CVE:GGD) has now filed a NI 43-101 showing the mineral interests it acquired from Absolute are a resource containing 37.1 million ounces of silver equivalent and 741,000 ounces gold equivalent.

Michael Allan McCrae | June 5, 2012 | 5:09 am

Maybe dirty, certainly cheap: Canadian crude crashes through $60 a barrel

A $40 discount to the global oil price, competition from Bakken shale oil, rising labour costs, pipeline problems and overproduction put in jeopardy billions of dollars of oil sands projects.

Frik Els | June 5, 2012 | 12:13 am

Training Facility in Pinkenba, Brisbane receives Mining Equipment from Anglo American

Australian Mining reports that the equipment used in the recently opened Myne Start (Mastermyne) training facility in Pinkenba, Brisbane, was donated by […]

Susanne Iberle | June 4, 2012 | 10:54 pm

Groundbreaking Ceremony for the new Oilsands Power and Process Engineering Lab at Keyano College

Fort McMurray Today reports of the groundbreaking ceremony for the new Oilsands Trades and Research Centre at Keyano College. The project, among […]

Susanne Iberle | June 4, 2012 | 10:23 pm

Chinese gold imports near record

Consumers made the most of the dip in the price of bullion and mainland China's gold purchases via Hong Kong hit a record 101.7 tonnes in April, up 62%.

MINING.com Editor | June 4, 2012 | 8:00 pm

Canadian and US-based groups shut websites to protest Harper’s pro-oil stance

Environmental and activist groups in Canada fold up their websites for a day on Monday to protest the government policies that will make it easier to build pipelines to transport oil from Alberta’s enormous oil sands.

Cecilia Jamasmie | June 4, 2012 | 7:28 pm

Gold rally loses steam

After a dramatic trading day on Friday when gold shot almost $60 an ounce higher, Monday turned out to be soggy affair for the precious metal with no fresh news to drive the market.

Frik Els | June 4, 2012 | 7:21 pm

Mining policy vacuum in Philippines is stifling investment

The national government should promptly address uncertainties now hounding the mining industry due to the former’s unclear policy towards the sector the Chamber of Mines of the Philippines says.

Business World | June 4, 2012 | 6:48 pm

35-carat stone on display in the Tower of London to mark the Queen’s Diamond Jubilee

Steinmetz Diamond, a diamond brand from the De Beers group, put a 35.60 carat pink-brown diamond on display in the Tower of London on Monday, as part of the celebration of Queen Elizabeth II’s Diamond Jubilee.

Cecilia Jamasmie | June 4, 2012 | 6:32 pm

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