Romarco's Haile gold resource surpasses 4m oz

Romarco Minerals on Tuesday announced a 29% boost in measured and indicated resources at its Haile gold project in South Carolina, with the number topping the four-million ounce mark. And with permitting anticipated at the end of the year, the...

Goldcorp Chairman Telfer named in securities probe

Canadian securities regulators on Tuesday implicated mining executive Ian Telfer in an alleged insider trading scheme, suggesting he helped the main defendant in the case disguise her illegal trading activities. Telfer, a well-known Canadian...

Investors dump Nevsun after '12 gold guidance slashed

Shares in Canada’s Nevsun Resources shed around 30% of their value on Tuesday, after the company slashed its 2012 gold output guidance by half, saying it had over-estimated parts of its Eritrean mine’s resources. Bisha produced 379 000 oz of...

Gold Fields making progress with diversification strategy

South Africa-based miner Gold Fields has established a strong growth portfolio over the next five years to increase its current gold production base of 3.5-million ounces a year, CEO Nick Holland said at the Investing in Africa Mining Indaba in...

Barrick awards Zambia miners 18% pay rise

Barrick Gold's Lumwana Mining Company in Zambia has awarded its workers a pay rise of 18%, its said on Tuesday, the highest hike by a foreign miner so far this year in Africa's top copper producer. The agreement with unions includes housing and...

Own discovery trumps M&A – Randgold Resources

Real value can only be created in the gold mining industry when own world-class deposits are discovered and developed, says Randgold Resources CEO Dr Mark Bristow.

New technology prototype 2014 – AngloGold

Gold major AngloGold Ashanti is taking firm technology steps to maintain South Africa as a leading gold mining country. The coherent three-step technology strategy aims at halving mining costs and making operations viable at depths beyond 5 000 m.

Kentor gives Murchison project the green light

The board of ASX-listed gold developer Kentor Gold has given the green light to develop Phase 1 of its Murchison gold project, in Western Australia. The newly named Murchison project encompasses the Burnakura and Gabanintha gold and gold-copper...