Gabriel Resources, advancing the Rosia Montana gold project in Romania, lost 12% of its market value Monday with more than 3 million shares changing hands – six times the usual volumes. Losses for the year now top 70%.
Stock in Goldgroup Mining lost 13% in value on Monday after the company announced it has deferred the evaluation of the EIA for its Caballo Blanco project in Mexico.
Vale (NYSE:VALE) won a court order on Friday that allows the company to resume work to double railway capacity as part its massive Carajas expansion project.
Mining junior Northern Iron (ASX:NFE) has suspended exploratory plans due to sharp declines in iron ore prices which have severely affected the sector's other major players.
The halcyon decade that China's coal industry has enjoyed since 2002 market reforms has reached its terminus with a major dive in first half profits this year.