Zijin Mining climbed 9.97 percent
China’s largest gold producer, Zijin Mining Group Co, surged 9.97 percent to 10.92 yuan after profit rose 20 percent. For full story, click here
Articles Tagged "mines"
AngloGold has been ordered to shut mine in Guinea
The Africa gold mining giants, AngloGold Ashanti, has been ordered by Guinea’s military junta chief, Captain Moussa Dadis Camara to shut down its operations in Guinea after the company’s director failed to attend the meeting of mine executives. For full story, click here
New Zealand businessman guards proposal for Solomon gold mine
The New Zealand businessman behind a proposal to commence a gold mine in the Central Guadacanal Province of Solomon Islands has defended his project from union criticism. For full story, click here
Lake Victoria signs letter of intent to establish gold project
Lake Victoria Mining and Kilimanjaro Mining have signed a non-bidding letter of intent in a bid to establish a new gold property in Tanzania. For full story, click here
Mining costs see a bright future
Mining costs, which constituted the industry’s biggest headache up until a year ago, are now a bright spot for a sector more concerned with volatile demand and tight financing markets. The shift in costs follows several years of rampant inflation in the mining sector, which had kept gold miners from realizing the benefits of soaring [...]
Gold Price Rebounds
By Kishori Krishnan Exclusive To Gold Investing News The dollar rose as did gold. Gold rose in Europe on Thursday as the world’s largest gold-backed exchange-traded fund’s holdings set a record and Wednesday’s equity rally fizzled out, boosting the appeal of gold as a safe investment. Spot gold rose to $913.15/$914.15 an ounce from $906.65 [...]
Time For Good Gold Pickings
By Kishori Krishnan Exclusive to Gold Investing News A slight drop in prices is a good time to shore up. Last Friday, gold futures surged above $1,000, the highest level since last March. This week though, gold slipped back. But worries about long-term inflation caused by the massive U.S. stimulus package may push it up [...]
Gold Inc would cut & crushed leach rates by 50 %
Freeport-McMoRan Copper and Gold Inc said it would reduce mining and crushed leach rates by 50 percent at its Morenci copper mine, compared with a 25 percent curtailment announced in December, along with a series of other operating reductions and deferred start-ups. For full story, click here
Bharat Gold mines sees silver lining on higher prices
At a time when global gold prices are at historic highs, the country’s largest gold mining company is struggling to join the gold rush by wiping the dust off its machines. For full story, click here
Simmer & Jack Mines may fire as many as 500 employees
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
