August 8, 2012

Rio Tinto banking on China rebound as profits drop 34%

Giant miner Rio Tinto is closing down its Blair Athol coal mine in Australia as the company considers whether to limit spending on new projects next year.

August 8, 2012

Rio Tinto’s Blair Athol Mine to finish production

Rio Tinto Coal Australia's Blair Athol Mine, near Clermont in Central Queensland, will finish mining operations this year after almost 30 years of production.

August 8, 2012

Hecla Mining’s bid to take over US Silver falls through

US Silver board of directors voted instead to merge with Canadian RX Gold & Silver and form a new firm.

August 8, 2012

Rio Tinto announces first half underlying earnings of $5.2 billion

The company points to its iron ore division's record performance as reason for first half underlying earnings of $5.2 billion.

August 8, 2012

South Africa’s gold production continues to fall

South Africa's total mineral production grew 4.2% in June but the negative trend in gold output continued its course with bullion output dropping 4% by volume.

August 8, 2012

Gunmen attack airport in Congo mining hub

Unidentified gunmen attacked the airport in the Congolese mining town of Lubumbashi early on Wednesday, killing at least one soldier, but government forces repelled the offensive after several hours of…

August 8, 2012

What happens to the gold world when Greece exits the eurozone

It’s becoming clearer and clearer that there is a large blind spot in the minds of financial people regarding this probability. Only financial those who have been in the markets…

August 8, 2012

Coeur d’Alene beats analysts’ estimates, acquire Hundra Silver shares

USA’s largest primary silver producer, Coeur d’Alene Mines (NYSE:CDE)(TSX:CDM), reported a second-quarter profit on Tuesday that beat analysts' estimates thanks to cost cutting and improved gold production results at its…

August 8, 2012

Miners to finally stop rejecting each other’s advances

For those who expected that Canada’s reporting season would give its subdued mergers-and-acquisitions market a good push, consultants from Ernst & Young have a clear message: a merging frenzy this…

August 8, 2012

Could gold be tripped up by a coming deflation?

In this interview the CEO of Financial Sense News Hour, Jim Puplava, discusses whether we are moving into a phase of deflation or inflation and gives his views on what…