March 28, 2012

AuRico Gold dumps Australian mines for $105 million

AuRico Gold pulled the trigger on its Australian operations on Tuesday, selling the Stawell and Fosterville mines to Crocodile Gold Corp for up to $105 million.

March 28, 2012

In the hole for $18 billion, Rio Tinto finds buyer for Europe alumina business

The world's number three miner bought Alcan's business on the continent in 2007 for $38 billion. So far the $100 billion Anglo-Australian company has been forced to write off $18.2 billion…

March 28, 2012

Baja slides 5% after Boleo update tells of escalating fuel, material and labour costs

Baja Mining (TSX:BAJ) shed 5% on Wednesday on higher than usual trading volumes, after releasing an update on its Boleo copper-cobalt-zinc project in Mexico.

March 28, 2012

American coins to be made out of cheaper materials

Coins in the U.S. are now going to be made out of "cost-effective materials", said Treasury Secretary Tim Geithner.

March 28, 2012

Marriage of spun-out diamond assets may be best for Rio, BHP

With Rio Tinto broadcasting that it is joining bigger rival BHP Billiton in considering selling its diamond businesses, analysts said on Tuesday the diversified giants might rather combine the assets…

March 28, 2012

Kirkland to buy Queenston JV stake for C$60m

A joint-venture between junior-miner Kirkland Lake Gold (TSX: KGI) and junior-explorer Queenston Mining (TSX: QMI) on properties near the former's Macassa mine in Ontario is coming to an end.

March 28, 2012

Baja Mining provides update on Boleo Project

At the end of February 2012, construction was 37.2 percent complete with 2,362 people working on the project. We have completed more than 5.8 million cubic meters of earthworks and…

March 28, 2012

Animal poop? Now how’s that for an alternative energy source

Engineers from The Denver Zoo have taken the global concern about an energy crisis a step further by developing a method to use animal waste as fuel.

March 28, 2012

Political pressure, jeweller strike force India to review tax proposals

The Indian government has said it will review the tax on unbranded gold proposed in the latest union budget bust said there would be no backing down from the increase…

March 28, 2012

Japan urges dialogue with China on rare earths

Japan, the world’s main importer of rare earths, has requested international assistance for alternatives, conservation, diversification and recycling and to continue dialogue with China to secure stable global supply