MINING.COM

Tiny family business sells $4 billion gold to US mint, jewellers and hedge funds each year

The company pockets about a quarter of a percent of its precious metal sales—less for the gold it sells to the Mint.

Frik Els | November 10, 2012 | 11:33 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

Peruvian company acquires Canadian gold junior Andina Minerals

Peruvian precious metals miner Hochschild (LON:HOC) is acquiring Canadian Andina Minerals (TSX-V:ASM), after the junior gold miner agreed late Thursday to a friendly takeover.

Cecilia Jamasmie | November 9, 2012 | 4:10 pm

Obama energy adviser says doubts about Keystone XL remain

While Calgary-based TransCanada (TSX, NYSE:TRP) remains optimistic about its Keystone XL pipeline’s prospects, given Obama administration’s focus on moving the U.S. away from its dependence on foreign oil, uncertainties around the project remain.

Cecilia Jamasmie | November 9, 2012 | 3:48 pm

South African report highlights Chinese labor abuses in the Sub-Sahara

A new report by Johannesburg-based South Africa Resource Watch (SARW) claims that China is exploiting cheap labor in the sub-Saharan nation and subjecting employees in the mining industry to harsh working conditions.

Marc Howe | November 9, 2012 | 3:17 am

Molycorp surges after better than expected results

Rare earth producer Molycorp reported a Q3 loss on Thursday, but investors liked top line growth that jumped 49% to $205.6 million.

Frik Els | November 8, 2012 | 10:03 pm

Chile grants Finning International $500 million in mining contracts

Canadian heavy equipment dealer Finning International (TSX:FTT) said Thursday it has been awarded contracts worth a total of $497 million from several Chilean mining companies.

Cecilia Jamasmie | November 8, 2012 | 6:54 pm

Chevron’s assets embargoed after $19 billion fine

An Argentine court has ordered to embargo Chevron assets in the South American country to help enforcing an Ecuadorean court resolution that fined the oil and natural gas giant for $19 billion in environmental damages.

Cecilia Jamasmie | November 8, 2012 | 5:23 pm

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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