Kazakh mining group ENRC (ENRC.L) said underlying profit more than doubled, on record production and demand recovery for its products, and that the global economic outlook is still improving. Underlying EBITDA jumped 118 percent to $3.19 billion, in line with the consensus, as revenue rose 72 percent to $6.60 billion.

AngloGold Ashanti's (ANGJ.J) top executive said on Tuesday the company hoped to keep its global cost increases to half the industry average but the situation in South Africa was "a lot tougher." Mark Cutifani, the chief executive of Africa's top gold miner, cited increasing depths, reduced grades and input inflation as structural increases putting upward pressure on the costs of gold mining.

Gold Fields (GFIJ.J), the world's fourth-largest listed gold miner, said on Tuesday rising commodity prices were putting cost pressures on gold miners even as the price of the precious metal itself climbed. "We are concerned about what we've seen on the commodities front," Chief Executive Nick Holland told the Reuters mining summit, citing oil's recent rally but also other rising costs for key things such as timber and steel.

Teck Resources announced today that it expects lowers coal output this year due to bad weather conditions along its rail lines and […]

Using a gold price of $1,000 per ounce, the Kumtor open-pit LOM plan has been used to project the net cash flow for the open pit operations for the period of January 1, 2011 to 2021. Total gross revenue from the sale of gold and minor silver credits are estimated to be nearly $5.0 billion while direct operating costs are estimated to be $1.9 billion or $385 per recovered ounce of gold produced.

EMED announced that the provincial government of Andalucia has unblocked the process required to grant the mineral rights for the Rio Tinto Mine to EMED Tartessus, the company’s wholly-owned Spanish subsidiary. Further, the government has made a decision on the tailings dam issue and ruled that EMED will assume formal responsibility for its maintenance and operation.

TORONTO (miningweekly.com) – Canada will extend its mineral exploration tax credit for flow-through share investors for another year, but plans to remove […]

Indicator Minerals Inc. (TSX VENTURE:IME) today announced that it has entered into an option agreement with Diamonds North Resources (TSX VENTURE:DDN) on […]

Canaco Resources Inc. (TSX VENTURE:CAN) (“Canaco” or the “Company”) is pleased to announce it has completed its previously announced bought deal financing […]