MINING.COM

Avion Gold languishing near 52-week low despite almost doubling resources in Mali

Shares of Avion Gold failed to recover on Thursday after taking a 28% pummeling the day before, despite announcing vastly improved mineral resources at its Tabakoto Project in Mali, West Africa.

Frik Els | May 10, 2012 | 4:53 pm

AngloGold profit almost double in Q1 and plans investments of $1.9 billion to boost production

Africa's largest gold miner AngloGold Ashanti (NYSE:AU) posted first-quarter earnings Thursday of $429 million, which more than double the same period last year, despite a drop in production on the year.

Cecilia Jamasmie | May 10, 2012 | 1:32 pm

African Barrick goes ahead with Tanzania’s Bulyanhulu expansion

African Barrick Gold (LON:ABG) shares rose 6% today as the miner announced its board has approved a $185 million expansion at Bulyanhulu, its underground gold mine in Tanzania.

Cecilia Jamasmie | May 10, 2012 | 1:02 pm

Chinalco Mining seeks $1 billion IPO for massive Peru copper mine

With huge investments in Peruvian copper, Chinalco Mining, a division of the giant Aluminum Corp of China, follows another Chinese state-owned miner to the Hong Kong market to raise money.

Frik Els | May 9, 2012 | 4:25 pm

Anglo American Platinum to adopt fuel cell locomotive

Anglo American Platinum (Amplats), the world’s largest platinum producer, launched today the first of five fuel cell-powered locomotive prototypes to be tested at its mining operations in South Africa.

Cecilia Jamasmie | May 9, 2012 | 2:51 pm

Lucara Diamond Corp gets ready to auction rocks from its new Botswana mine

Canadian diamond producer Lucara Diamond Corp announced today that production from its recently inaugurated Karowe mine in Botswana could be available for sale in June.

MINING.COM Staff Writer | May 8, 2012 | 5:43 pm

Potash is a diamond in the rough for the Republic of Congo

Australian junior Elemental Minerals (ASX, TSX: ELM), which is developing a potash project in the Republic of Congo, announced it has increased measured and indicated resources at its Kola deposit by 265% to just under one billion tons.

Cecilia Jamasmie | May 8, 2012 | 1:02 pm

Falling output hurts SA gold miners

South African gold producers are expected to report lower quarterly earnings with production knocked across the board as output-disrupting safety stoppages continue to sting, a Reuters poll of 7 analysts showed.

Finance 24 | May 8, 2012 | 5:41 am

China wants to take over the world’s largest undeveloped iron ore project

A private group of Chinese magnates is planning to take away Guinea’s Simandou, the world's largest undeveloped iron ore project, from Anglo-Australian mining giant Rio Tinto.

Cecilia Jamasmie | May 7, 2012 | 4:04 pm

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Eldorado Gold counting down to open its first mine in Canada

Slower growth weighs on base metals but constructive for gold, CIBC says

Fourteen miners killed in Rwanda tin mine after hill collapses

Barrick mulls selling Zambia copper mine over higher taxes

Record $93B private capital flows into natural resources

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