South Africa accounts for roughly a third of Anglogold's annual output and the company is losing 32,000 ounces – worth more than $55 million at today's prices – of production a week.
South African based mining group Exxaro has purchased a long range laser scanner to support a range of expansion projects and the building of two additional coal processing plants. The VZ 1000 purchased from 3D Laser Mapping, will be used to survey stockpiles for volume verification, provide height analysis on earth works and blasting, as well and collecting highly accurate measurements for terrain mapping and modelling. The state of the art solution will also minimise staff exposure to the largest health and safety risks within the mine.
Caracara Silver intersects 87g silver and 3.4% combined lead and zinc across 2.2 meters at Princesa project in Peru.
The closure of AngloGold Ashanti's (NYSE:AU) nation-wide operations and Lonmin's concessions to striking workers (LSX:LMI) have raised concerns that unhealthy precedents are being set for future industrial unrest.
Laboratory grown diamonds have the potential to become the best “conflict-free” alternative to original precious gems, as these man-made rocks are gathering momentum in the high-end jewellery world, says Clive Hill, founder and president of Washington Diamonds.
About $2 million worth of gold nuggets and precious gems were stolen Friday afternoon from the Californian Mariposa Mining and Mineral Museum.
Gold no longer has a legal role in the world’s monetary system, but because of a collapse of faith in sovereign obligations and lack of trust in governments and financial institutions, gold is going to quickly become a core banking asset.
In this exclusive interview, Stephenson explains why he thinks we will avoid a worldwide economic crash and how the continuing QEs and foreign government bailouts will push more investors into the gold.
Mining equipment highlights included more than 60 Caterpillar D11 crawler tractors sold-the first time in the world a selection like this is sold in one day
An energy analyst has concluded that the key factor causing the world's economic woes is ”high-priced fuel syndrome“ which induces sluggish growth and range of other ailments.