MINING.COM

Over 300 kg of gold sold as festive season kicks off in India

Despite gold prices being at the highest in the last three weeks, India’s sales in just one city totalled 300 kg on Sunday, as the country’s festive season of Diwali kicks off.

Cecilia Jamasmie | November 12, 2012 | 6:15 pm

Rio Tinto’s massive diamond deposit in India brightens up the miner’s future

Just when major miners thought it was better to ditch their diamond divisions, giant Rio Tinto (LON, ASX, NYSE: RIO) says it is looking at the business with renewed enthusiasm, as a deposit the company discovered in India in 2004 has started to bear its shiny fruits.

Cecilia Jamasmie | November 12, 2012 | 5:03 pm

Fatal earthquake collapses gold mine in northern Myanmar

A 6.8-magnitude earthquake hit northern Myanmar on Sunday, collapsing a gold mine, a bridge, damaging several old Buddhist pagodas and leaving as many as 12 people feared dead.

Cecilia Jamasmie | November 12, 2012 | 1:46 pm

Busy start to festival as India gold ETF trade jumps 81%

The Mumbai exchange recorded an impressive jump in volumes of gold ETF units traded in a special session held on the first day of Diwali.

Frik Els | November 11, 2012 | 10:31 pm

SEC rules against resource firms over Dodd-Frank

Oil, gas and mining companies' request to have transparency rules put on hold under 2010 financial reform act has been rejected.

Frik Els | November 10, 2012 | 8:23 pm

Historic Archduke Joseph diamond may reach up to $25 million

The Archduke Joseph diamond, one of the world's most famous and rarest gems from Europe's aristocracy, is expected to reach up to $25 million when it goes under Christie’s hammer on Tuesday.

Cecilia Jamasmie | November 9, 2012 | 7:11 pm

Canada may change entire temporary foreign worker program over Chinese miners controversy

Accusations of Chinese miners being dubiously brought into the Canadian province of British Columbia to work in coal mines has prompted the federal government not only to investigate the issue, but to review its entire temporary foreign worker program.

Cecilia Jamasmie | November 9, 2012 | 5:13 pm

Mitsubishi’s $6.7 billion Oakajee project scuppered by costs blowout and Chinese demurral

Mitsubishi's AUD$6.7 billion Oakajee port and rail project in Western Australia has been put on hold as the company cuts costs in the face of adverse economic conditions and struggles to obtain Chinese investment support.

Marc Howe | November 9, 2012 | 12:02 am

Centerra shares drop despite increasing reserve estimate of major gold project

Centerra Gold (TSX:CG) was trading low on Thursday morning, after the Canadian gold miner reported Wednesday night a $46.8 million quarterly loss due to higher costs and severely lower production at its Kumtor mine in Kyrgyzstan.

Cecilia Jamasmie | November 8, 2012 | 4:28 pm

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