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Latest News

Mindoro Resources ships first iron-ore from Philippines

By: Henry Lazenby     Updated 1 hour 17 minutes ago TSX-V- and Frankfurt-listed Mindoro Resources this week reported that it had completed the first shipment of high-iron/low-nickel direct shipping ore (DSO) from the Agata project, located in northern Mindanao, the Philippines. The shipment comprising 54 181 wet metric tonnes (wmt) of limonite ore... 

Latest WGC report demonstrates how responsible gold mining distributes value

By: Henry Lazenby     Updated 2 hours 44 minutes ago The World Gold Council (WGC) this week released the second edition of its ‘Responsible gold mining and value distribution’ report, covering 2013 data, highlighting the continuing contribution responsible gold mining could make in supporting economic development in host countries. The report was... 

Latest WGC report demonstrates how responsible gold mining distributes value

Alamos Gold blames heavy rains for poor Q3 performance

By: Henry Lazenby     Updated 3 hours ago - and NYSE-listed Alamos Gold this week reported disappointing third-quarter results, citing heavy rains and lower recoveries as weighing on its flagship Mulatos operation’s performance, in Mexico. The Toronto-based miner reported that despite stacking ore containing about 51 900 oz of gold o the... 

Morro Bay Resources finds more resource upside at multi-vein Mexico project

By: Henry Lazenby     Updated 3 hours ago Mexico-focused mineral exploration firm Morro Bay Resources this week released results from a drilling campaign at the San Rafael historic mine area, at the multi-veined Peñoles project, in Durango state, indicating the presence of multiple mineralised zones. The Calgary, Alberta-based explorer... 

Morro Bay Resources finds more resource upside at multi-vein Mexico project
Photo by Morro Bay Resources
Peñoles, Mexico

DRDGold Q1 output rises as Ergo glitches resolved

By: Natalie Greve Tailings gold miner DRDGold appears to have turned a corner, lifting gold output by 8% to 37 005 oz in the first quarter of the 2015 financial year. This after the gold producer experienced several successive quarters in which it battled inefficiencies, low yields and high costs associated with... 

DRDGold Q1 output rises as Ergo glitches resolved
Photo by Duane Daws
DRDGold CEO Niel Pretorius

Petra sells 232 ct diamond for $15m

By: Natasha Odendaal The 232.08 ct white diamond recovered at London-listed Petra Diamonds’ Cullinan mine has been sold for $15.2-million to multinational diamond company Diacore. The exceptional D colour Type II high-quality diamond was recovered early in September. 

South African police fire rubber bullets at Diamondcorp strikers

By: Reuters South African police used rubber bullets on Friday to disperse strikers from the Association of Mineworkers and Construction Union (AMCU) who were blocking the entrance to a mine operated by London-listed DiamondCorp, a police spokesperson said. Police spokesperson Stephen Thakeng told Reuters... 

South Africa platinum town, wider economy still hurting from strike

By: Reuters Mamsi Ngobeni sat alongside the main road of the South African platinum belt town of Marikana, hunched over a table with a pile of onions, apples, loose cigarettes and tomatoes. By just after noon she had sold about R20 ($1.8245) worth of goods, well down from what she said was her usual R1 000... 

South Africa platinum town, wider economy still hurting from strike

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