A Financial Literacy workshop has been held for workers of the Ghana Manganese Company (GMC), a mining company operating in Tarkwa, at the weekend.

The workshop, which was organised by the Financial Literacy Foundation (FLF), a financial consult, was to educate staff of GMC on the importance and risks associated with unwarranted borrowing.

The Chief Executive (CEO) of FLF, Mr. Bernard Otabil, educated the workers on the importance of salary management, and said that it was important to invest, rather than engage in unwarranted borrowing.

Northern Tiger Resources Inc. (TSX-V:NTR) has closed a brokered private placement of 8.622 million flow-through common share at a price of $0.55 per share for proceeds of $4.742 million. The private placement was initially announced on February 14, 2011 and contemplated raising gross proceeds up to $3 million.

South Africa’s gold production fell 6.4 percent in 2010, an industry body said on Monday, moving the country further away from its […]

Miners are worried that the new mining law, which is expected to be passed by Finland’s parliament on Tuesday, could increase bureaucracy […]

While the jury remains out on exactly what went wrong at certain tsunami-and earthquake-impacted nuclear power reactors in Japan, investors took decisive action on Monday, selling down listed uranium stocks by up to a third. Smaller stocks were especially punished. During Australian trade, Pitchstone Exploration was sold down by 32% on the day. The world's biggest listed uranium producer, Canada's Cameco, fell 12.7% to close at $31.70.

Eurasian Minerals Inc. (TSX-V: EMX) announced the completion of the second tranche of its CAD $17.875 million private placement by the sale of 921,000 units for proceeds of CAD $2,993,250. Each unit, priced at CAD $3.25, consisted of one common share and one-half of one common share purchase warrant. Each full warrant entitles the warrant holder to purchase one additional common share of EMX until March 14, 2013 at a purchase price of CAD $4.00.

Mining in northern British Columbia received a shot in the arm on Monday. The College of New Caledonia will purchase heavy-haul truck and front-end loader simulators to provide virtual training for a total of 50 students each year, as part of the Mining Industry Certificate Program. The program will train students for employment as heavy equipment operators in surface mining operations located in northern B.C.

Altius Minerals made a profit of $69.3 million, or $2.38 per share, in the three months ending January 31 — the Canadian iron ore producer's third quarter. That compares to a $102,000 loss in the same period last year. Quarterly revenues were 1.1 million versus $912,000 for the previous year's Q3. Altius also gained $84.6 million after transferring its 100% interest in the Kami iron ore property to Alderon Resources Corp. in exchange for 32.3 million shares of Alderon.

Gold futures rose for the second straight session as Japan’s strongest earthquake on record boosted demand for a haven asset, reports Bloomberg. Palladium fell for an eighth straight session, the longest slump since July 2008. Equities declined worldwide as officials said the death toll from the earthquake and tsunami may top 10,000. Technicians tried to contain damage from a second explosion at a nuclear plant north of Tokyo.