August 17, 2012

Central banks double last year’s gold buys

Central banks demand for gold in the second quarter reached 157.2 tonnes, a record high and more than double last year's Q2.

August 17, 2012

Kinross announces US$1.0 billion term loan, increases unsecured revolving credit facility to US$1.5 billion

The new $1.0 billion term loan, a three-year term loan that will mature on August 10, 2015, has no mandatory amortization payments.

August 16, 2012

Rockfall at Diavik mine stops open pit work for a week

Five thousand tonnes of rock fell from the edge of the open pit at Diavik Diamond Mine last week but employees got out 10 hours before the rockslide started.

August 16, 2012

Weak markets force Alrosa to dump stock in state repository for the first time since 2009

Alrosa said the sales were a measure aimed at maintaining acceptable price levels as the company's clients signaled that they were experiencing financial trouble in 2H 2011.

August 16, 2012

60 dead after landslide at Congo gold mine

"Illegal miners rushed to be the first in the bottom of the pit but the sides collapsed, burying them all."

August 16, 2012

Rio Tinto Has ‘Multiple Options’ for Diamond Business

Rio Tinto is “looking at multiple options" for its diamond business and plans to sell the diamond assets are “well advanced,” according to Chief Financial Officer Guy Elliott.

August 16, 2012

IDEX Online Research: Long Term Growth Prospects Bright for Global Jewelry Market

Dire predictions about a severe decline in Europe’s population over the next several decades have been revised to show that the number of people in the region will drop only…

August 16, 2012

IIROC: halt; Harmony Gold Corp.

The IIROC, as of 8:12 ET, has halted trade of Harmony Gold Corp after requesting 'company pending news.'

August 15, 2012

ATMOS Global Launches ‘VerifiedDust’ First-of-Its-Kind Dust Verification Program – a Global ‘Journey of 1000 Mines’ to 2020

As dust management and dust control activities become more complex in the fast paced technological environment of the mining industry, it is important for mine site operators to have access…

August 15, 2012

FLSmidth to acquire Decanter Machine, Inc.

FLSmidth has today signed an agreement to acquire the privately owned company Decanter Machine, Inc., a United States based manufacturer and supplier of centrifugal technology to the global minerals industries.