Gold mining giant Newmont (NYSE:NEM) has announced lay-offs at operations in Australasia in what the company says is a precursor to world-wide retrenchments.
Transition Metals (TSX.V:XTM) CEO Scott McLean gave an interview to MINING.com following the company’s unveiling of promising new gold assay results for its properties in the Abitibi Greenstone belt.
Brazilian billionaire Eike Batista, number one on MINING.com's list of the world's wealthiest miners, is about to get even richer as the tycoon is in talks to sell a 49% stake in his gold mining company, AUX, to Qatar Holding, the investment arm of that country's sovereign wealth fund.
China and Venezuela have signed an agreement to jointly develop Las Cristinas gold mine, one of the world’s largest deposits of the shiny yellow metal, located near a town bearing the name of the mythical golden city of El Dorado.
An exceptional number of mineral claims have been filed in British Columbia, Canada, over the last three years and more than 11,000 were filed in the first seven months of 2012.
A "culture of cover-ups" has led to a fatality rate for mines in mineral-rich Western Australia which is three times greater than that of any other Australian state.
Western Australia's Sandfire Resources (ASX:SFR) is on the verge of bringing its DeGrussa copper mine on line in accordance with its original schedule and budget targets.
