Mining identity Michael Kiernan says he will double his stake in cash-strapped copper and gold producer Redbank Mines Ltd whose chairman Kim McGrath stood down, citing personal reasons. For full story, click here
Read the full article: "Kiernan to lift stake in Redbank to 40%"
Friday, November 28, 2008
Chinese mining giants have expressed renewed interest in local mining projects while another firm has been allowed to explore anew, a government official said. For full story, click here
Read the full article: "Chinese still keen on Philippine mines"
Friday, November 28, 2008
A federal judge will hear arguments next week in Reno on a motion by a group of American Indians and an environmental group seeking to block a big gold mine already taking shape in northern Nevada. For full story, click here
Read the full article: "Hearing set on motion to block Nevada gold..."
Friday, November 28, 2008
In the third quarter of 2008, South Africa’s total gold production decreased by 2.1% to 55 725 kilograms when compared to the second quarter of 2008. For full story, click here
Read the full article: "SA Chamber of Mines reports on Q3 gold..."
Friday, November 28, 2008
December futures were $3.30, or 0.4 percent, higher at $811.80 in electronic trading on the Comex division of the New York Mercantile Exchange. For full story, click here
Read the full article: "Gold December futures were $3.30 higher"
Friday, November 28, 2008
Gold for immediate delivery fell $2.25, or 0.3 percent, today to $813.55 an ounce as of 11:06 a.m. in London, for a monthly gain of more than 12 percent. That’s the most since September 1999. For full story, click here
Read the full article: "Gold for immediate delivery fell $2.25"
Friday, November 28, 2008
Gold headed for its biggest monthly advance since 1999 in London as a weaker dollar increased the appeal of the metal as a hedge against further declines in the U.S. currency. For full story, click here
Read the full article: "Gold Poised for Biggest Monthly Gain Since..."
Thursday, November 27, 2008
Simmer fell 10 cents, or 5.1 rand, to 1.85 rand in Johannesburg, valuing the company at 2 billion rand ($202 million). For full story, click here
Read the full article: "Simmer fstocks ell 10 cents"
Thursday, November 27, 2008
Simmer & Jack Mines Ltd., the South African gold producer, may fire as many as 500 employees at its Buffelsfontein mine. For full story, click here
Read the full article: "Simmer & Jack Mines may fire as many as..."
Thursday, November 27, 2008
A new Zealand mining firm Phoenix will soon start gold prospecting in Central Guadalcanal following a ground-breaking signing ceremony yesterday. For full story, click here
Read the full article: "New mining firm moves in on Guale"
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Friday, November 28, 2008