Gold

The main road connecting Las Vegas and Reno could be rerouted near the central Nevada town of Goldfield to make way for something older than the Silver State itself: a mining boom.

Gunmen fired at a helicopter carrying workers for the mining giant Freeport-McMoRan shortly after it took off Saturday from a town near the company’s huge gold and copper mine in eastern Indonesia, a police spokesman, Colonel Wachyono, said.

Goldcorp Inc on Friday (TSX: G, NYSE: GG) announced the approval of the amended Environmental Impact Assessment (EIA) by provincial authorities in the province of Santa Cruz for the development and construction of the Cerro Negro gold project, a high-grade deposit located on the low-elevation Patagonian plains of southern Argentina.

A past-producing gold mine in Canada's Northwest Territories could be back in business thanks to moves last week by Toronto-based Merc International Minerals (CVE:MRK) Inc.

Job seekers in the Australian mining and construction industry were likely to benefit from a favourable hiring climate in the first quarter of 2012, said recruitment solutions provider Manpower.

Astur Gold and Gold-Ore Resources announced the joint execution of a binding letter agreement to complete a $150 million business combination.

After discovering a significant deposit in the Ivory Coast, Occidental Gold, a unit of Australia's Perseus Mining said it will seek a mining licence from the West African state.

Gold prices in India have been sliding all week, falling below the crucial $531.66 per 10 grams level for the first time in six weeks in New Delhi on Friday.

The country has decided to lift the state of emergency in the northern region of Cajamarca and reopen negotiations with protestors opposed to Newmont's $4.8bn Conga mine