Gold miner Randgold Resources (NASDAQ:GOLD, LON:RRS)) cut its production guidance for its Tongon mine in Ivory Coast after a fire in the mill section of a plant.
Venezuela has its eye on becoming a major minerals producer, though its capacity to do so is in question, according to Maplecroft's principal Latin America analyst James Lockhart-Smith.
Despite the recent drops in gold prices, David Rosenberg, the chief economist and strategist at Gluskin Sheff and former Chief North American Economist at Bank of America Merrill Lynch, is bullish about the precious metal.
The mining town of Tabubil, in Papua New Guinea, is facing the closure of the nearby Ok Tedi copper mine, an operation that currently employs nearly 2,000 people, most of them locals.
