Gold is glittering in the country as the Australian production of the precious metal rose to a six year high in the June quarter.
In a tragedy in an abandoned gold mine in Venezuela six miners were killed while two others were injured as they worked the mine illegally.
In a historic first, the government of British Columbia, Canada has agreed to share taxes collected from a new mine with the aboriginal people who are the traditional land owners of the region where the mine will be located.
As the signs of financial recovery continue to affect the mining industry OZ Minerals presented a net profit for the six months ending 30 June 2010 at $405.7 million. A marked improvement compared to the $580.7 million loss it reported in the corresponding period last year.
The ban on open pit mining in the Philippine province of South Cotabato will be pushed through unless a court issues a restraining order or if local lawmakers craft a new directive. Gov. Arthur Pingoy Jr. said.
Lihir Gold Limited (ASX: LGL), a gold company with operations in Papua New Guinea, Australia and West Africa, has accepted the takeover bid offered by Newcrest Mining as shareholders have voted unanimously in favour of the bid.
Good news came for the relatives of the 33 Chilean miners who have been trapped underground for 17 days. The rescue probe which drilled down to 688 meters in the San Jose gold and copper mine made contact with the miners who sent back a written message tied to the probe saying "all 33 of us are well inside the shelter".
In a bid to provide better mining regulation and transparent functioning of government the Minerals Resources Minister of South Africa Susan Shabangu announced a new mining moratorium in Pretoria yesterday.
Kennecott Utah Copper Corp is hoping to extend the life of its Bingham Canyon mine to 2034 by a proposed expansion. The world's biggest mine may get bigger if they get the permission to increase the size of the mine by about 1,000 feet in width and 300 feet in depth.
Four executives allegedly accused of misappropriation of funds were suspended by the Zimbabwe Mining Development Corporation. These include the Chief Executive and General Manager Dominic Mubayiwa, the Finance Director Robert Karemba, Group Technical Manager Albert Chitambo and Corporate Secretary Tichaona Muhonde.
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