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ANC Seeks More Control Over South Africa's Mining Industry

The ruling political party in South Africa, the African National Congress (ANC) is seeking more state control of mining.

11 Aug 2010

Osisko Mining Reports Loss Due to Marlartic Cost Growth

Osisko Mining Corp (TSX: OSK) recorded a net loss of $8.4 million for the period and $7.1 million year-to-date.

From Osisko Gold Royalties Ltd 11 Aug 2010

Zijin Mining Group to Shift Focus from Overseas Expansion to Safety and Environment in China

Toxic leaks, oil spills and fires seem to be plaguing Zijin Mining Group Co. The biggest gold producer in China has decided to slow down its pace of expansion overseas to focus on strengthening the safety and environmental standards at its domestic operations as per a statement made by company Chairman Chen Jinghe.

10 Aug 2010

Ivanhoe Australia Looks to Raise $269 Million for Expansion and Debt Repayment

Ivanhoe Australia (ASX:IVA) is planning to raise up to $269 million for the acquisition of a project to be developed in Queensland and to repay current

From Ivanhoe Mines Ltd 10 Aug 2010

Xstrata Sued by Beef Company Over Spill

A major beef company is suing Xstrata over alleged overflow of chemicals into waterways. The Stanbroke Pastoral Company has launched legal action against the Xstrata run Ernest Henry mine in northwest Queensland near Cloncurry

10 Aug 2010

Artemis Resources Drills into Gold Sweet Spot

In a case of literally hitting a gold sweet spot Artemis Resources (ASX:ARV) seems to have struck lucky with their very first drill hole in the Mt Clement Gold Project in Western Australia.

From Artemis Resources Limited 9 Aug 2010

Global Geoscience to Sell Guyra Tenement to White Rock Minerals

Global Geoscience Ltd. (ASX:GSC), an Australian based mineral exploration company, is selling a copper gold project in northern part of New South Wales to White Rock Minerals Ltd.

5 Aug 2010

Gold Price Surges Forward

Gold prices shot up to higher than $ 1,200 per ounce on Wednesday. It was the first time this happened in nearly two weeks. The strong physical demand of gold lifted the price of the metal to a sixth day gain.

5 Aug 2010

Newmont Earnings Increase 79%, Quarterly Dividend up 50%

Newmont Mining Corporation (NYSE: NEM), one of the world’s largest gold producers, has announced second quarter adjusted net incomeof $377 million ($0.77 per share) compared to $211 million ($0.43 per share) in the prior year quarter.

From Newmont Mining Corporation 28 Jul 2010

Medoro Resources Releases Further Drill Results for Marmato, Colombia

Medoro Resources Ltd. (TSX-V: MRS), a gold exploration, development and mining company with a primary emphasis on Colombia, has announced results from 30 additional drill holes at its exploration program at the Marmato Project in Colombia.

27 Jul 2010