Harmony Gold Mining Company released its financial results on Monday for the quarter and the year ended 30 June 2011. The company said headline earnings improved to R957 million, in comparison to R4 million in the previous year. Harmony recorded a net profit of R617 million (R192m in FY 2010) for financial year 2011.

Mega Uranium today announces its unaudited results for the three and nine months ended June 30, 2011. As at June 30, 2011, Mega had cash, cash equivalents and marketable securities totaling $31.1 million, as compared to $49.9 million at the end of September 30, 2010, a decrease of 38%. The decrease is primarily attributable to the Lake Maitland feasibility costs and other exploration expenditures incurred during the current period. As at June 30, 2011, the Company had mineral properties and related expenditures of $265.9 million, as compared to $251.7 million as at September 30, 2010. The increase reflects expenditures on our mineral properties of $18.9 million, offset by write offs of mineral properties of $4.6 million.

Al Jazeera profiles the dangerous mining work in the Mingora emerald mines in Pakistan. "We work in the jaws of death, but we are poor and don't have a choice. Thank god the owners have been kind enough to give me a job," says one worker in the video. About 150 labourers are employed in at least 16 such mines.

Even without a television crew filming every move they make underground, the coal miners who work at Cobalt Coal's Westchester Mine in Big Sandy are running coal and getting better at it according to Mike Crowder, Cobalt's chief executive officer.

Despite the high unemployment rate in the United States, Catepillar's CEO says there is a desparate shortage of skilled workers, and many job vacancies are going unfilled in some of the most depressed regions of the country. "I talked to one of our great customers in Detroit. I spent some time with our distributors. They have 50 job openings today that they cannot fill, and guess what they are. They are service technician jobs," says Doug Oberhelman, chairman and CEO of Caterpillar. He was interviewed by CNBC on Friday.

Almost all major London-based bullion-dealing banks have started charging more for storing Gold in view of the increased demand and shortage of vault space, according to Financial Times.

For gold sellers on eBay, the recent stock market turmoil has been a boon for business. Gold and silver sales on eBay had already been rising steadily over the past several years – so much so that eBay Inc. created a special area in May to make it easier for buyers to find sellers.

The Ivory Coast’s gold production capacity will almost double to 13t a year by 2013, from its current annual output of 7t, according to the country’s energy and mines minister Adama Toungara. “We will be able to reach 13tpa by 2013 and 20tpa by

When it comes to turmoil in the global economy, the world’s pain could prove Denver’s gain. Gold prices have soared in recent weeks, reflecting the precious metal’s status as a hedge against financial turmoil. “Denver is ground zero for mining in the United States in terms of the capital that is concentrated here and the skills here,” said Tim Wood, executive director of the Denver Gold Group. Image from Wikipedia