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GOLD

Besra back in business in Vietnam

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TSX- and ASX-listed Besra on Wednesday announced that it had resumed production at its Bong Mieu gold mine, in central Vietnam, after a hiatus of almost 11 months. Operations at Bong Mieu were suspended in November last year following substantial...
2nd October 2014
 
 
GOLD

Goldcorp eyes 1m oz gold output in Mexican region in 2014

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Goldcorp said on Wednesday it expects to produce around one-million ounces of gold in the Mexican region this year, or around a third of the gold giant's total estimated output for 2014. Canada's Goldcorp, the world's most valuable gold miner by...
2nd October 2014
 
 
GREENLAND POLITICS

Greenland appears headed for new election, opposition claims majority

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The leader of Greenland's top opposition party said on Wednesday enough parliamentarians have crossed over to her side to bring about fresh elections after the prime minister took a leave of absence in a dispute over her use of public finances....
2nd October 2014
 
 
SILVER

Fortune Minerals completes Revenue Silver Mine acquisition

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Canadian silver producer Fortune Minerals has consolidated possession of the Colorado-based Revenue Silver Mine (RSM), underlining its strategic transition from project developer to miner, with two organic development assets waiting in the wings....
1st October 2014
 
 
ENVIRONMENT

Arizona judge recommends Curis’ Florence aquiver permit be rescinded

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Despite explicitly stating facts to the contrary, Arizona administrative law judge (ALJ) Diane Milhasky on Wednesday recommended the Arizona Department of Water Quality (ADEQ) rescind a temporary individual aquifer protection permit (APP) granted...
1st October 2014
 
 
COAL

Despite ‘stable’ US coal outlook, more idlings/furloughs expected – Moody’s

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Despite providing a ‘stable’ overall outlook for the US coal industry, Moody’s Investors Service this week sketched a rather gloomy scenario for the next 12 to 18 months, pointing to weak fundamentals as thermal coal demand faltered and...
1st October 2014
 
 
RARE EARTHS

PEA gives Namibia Rare Earths investors a sense of things to come

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A preliminary economic assessment (PEA) of the Lofdal rare earths project, in Namibia, had given investors in project promoter Namibia Rare Earths their first positive indications of the economic potential of the project. The TSX-listed project...
1st October 2014
 
 
GOLD

Broker ICAP enters race to replace century-old gold fix

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ICAP, the world's biggest interdealer broker, will submit a proposal to the bullion market to replace the century-old global price benchmark for gold known as the "fix", the company told Reuters on Wednesday. Representatives from a handful of...
1st October 2014
 
 
COAL

National debate needed on ways to lower high rail costs – CoAL

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CoAL CEO David Brown A national debate is needed to discuss ways of lowering the high cost of railing bulk commodities like coal, says Coal of Africa Limited (CoAL) CEO David Brown. The London-, Sydney- and Johannesburg-listed CoAL plans to produce nearly...
1st October 2014
 
 
LEGISLATIVE ENVIRONMENT

Greenland PM's leave creates uncertainty for fledgling mining industry

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Greenland's prime minister narrowly avoided a vote of no confidence on Tuesday but will temporarily leave office while auditors investigate whether she misused state funds, casting uncertainty over the country's fledgling minerals sector. The...
1st October 2014
 
 
GOLD

Richmont Mines to rush ramp progress at Island Gold mine, Ontario

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Canadian junior gold producer Richmont Mines on Tuesday announced that it would accelerate ramp construction to the 1.1-million-ounce inferred resource extension below the corporation's cornerstone Island Gold mine, in Ontario. The TSX- and NYSE...
30th September 2014
 
 
DIAMOND MINE FINANCING

Mountain Province Diamonds arranges C$100m in private financing

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Precious-gem project developer Mountain Province Diamonds on Tuesday announced that it had raised C$100-million in private placements for use in construction of the Gahcho Kué project, located in Canada’s Northwest Territories. The TSX- and NYSE...
30th September 2014
 
 
 
 
 
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