June 25, 2012

Glencore, Lexshell consortium owns 71% of Optimum Coal

A consortium comprising commodities trader Glencore and South African businessperson Cyril Ramaphosa’s Lexshell 849 has increased its shareholding in black economic-empowered Optimum Coal to just over 70%.

June 25, 2012

Rio Tinto makes first coal shipment‎ from Mozambique

Giant miner Rio Tinto said Monday that it has started exporting premium hard coking coal from its Mozambique Benga Mine, its first shipment of 34,000 tons has left the Port…

June 25, 2012

Cardero maintains it followed best business practices regarding acquisition of the Sheini Hills iron ore project, Ghana

Cardero works with RCMP and begins private investigation after allegations that it used improper business practices to secure iron ore concessions in Ghana.

June 22, 2012

Banro provides Twangiza gold mine update

Actual gold production is off of the projected amount by 40% primarily owing to the downtime of the No. 1 ball mill, says Banro

June 22, 2012

Aquarius Platinum puts Everest Mine on care and maintenance

Due to an platinum market that is an “abiding surplus”, the board at Aquarius Platinum (LON:AQP) placed its Everest mine on care […]

June 21, 2012

La Mancha discovers a significant VMS lens below the Oderuk Pit, the fourth of 12 VMS targets at its Hassaï property

Drill results confirm the presence of a significant VMS lens below the Oderuk pit, with similar geological characteristics to those of the Hassaï South VMS deposit.

June 21, 2012

Xstrata to pay $342 million to execs after Glencore merger triggers ‘red-top alert’

The unusual alert, considered the Association of British Insurer's most serious warning, indicates a breach in corporate governance.

June 20, 2012

Rio Tinto breaks the piggy: $4.2 billion investment to boost its iron ore business

Giant miner Rio Tinto (LON:RIO) continues to build its reputation as the most bullish of the major mining companies after it announced today it will spend $4.2 billion on top-tier…

June 20, 2012

Cluff Gold plc: significant drilling results from the Yaoure project

The West African focused gold mining company highlights significant gold discoveries in a report of its Yaoure Project in Côte d'Ivoire.

June 19, 2012

Ben Bernanke the two of us need look no more. We both found what we were looking for: QE3

Gold bugs are waiting with bated breath for news that the Federal Reserve and its Chairman Ben Bernanke have agreed to further asset purchase programs when the Open Market Committee…