Waymar Resources (TSX-V: WYM) rocketed on Monday on 24 times higher than usual trading volumes, after announcing the best drill results yet from its Anza project in Colombia.
While the jade market in China is a fraction of its overall jewellery trade, the collapse in the value of the stone could indicate tough times for other markets like diamonds and precious metals.
Zijin Mining Group Co, China's largest gold producer by output, said Saturday that its net profits slumped 19.95 percent year-on-year in the first half of 2012 as the world's economic weakness and shrinking demand weighed on global gold prices.
South Africa’s third wealthiest man and mining entrepreneur, billionaire Christoffel Wiese, it is said to owe the country’s revenue agency (Sars) an estimated $250 million (R$2 billion) in unpaid taxes.
Weeks after Quebec’s ruling Liberal party re-launched the province's asbestos industry with a $58-million loan to the Jeffrey mine, opposition leaders are calling the federal government to end what they call a "morally and scientifically indefensible" product.
Environmentalists and the local community of central Victoria, Australia, are angry at the Department of Primary Industries for allowing Queensland-based company Fortitude Mining to go ahead with its gold exploration plans in the Wombat State Forest.
