Company Announcement: Mining Hall of Fame to suspend operations

The Australian Prospectors and Miners Hall of Fame in Kalgoorlie will suspend operations from December 2 while a full review of its current financial position and business plan is conducted.

Australian miners help to save Hall of Fame from closing

The Australian Prospectors and Miners Hall of Fame, which needed about A$1-million a year to remain open, avoided possible closure this week following pledges received from members, particularly industry, the Western Australian Department of Mines...

Royal Nickel to make TSX debut

Toronto-based Royal Nickel Corp, which debuts on the TSX on Thursday, believes it will build the fourth biggest nickel sulphide mine globally in Quebec. The company’s board of directors reads like the pre-Vale who’s who of nickel miner Inco,...

Iamgold hikes dividend 33%

Toronto-based Iamgold has increased its annual dividend payment by 33%, to $0,08 a share, the firm said on Thursday afternoon. The company expects to produce between 1,1-million and 1,2-million ounces of gold in 2011.

Medusa approves $80m Philippines gold expansion project

Gold-miner Medusa Mining has approved an $80-million expansion at its Co-O mine, in the Philippines, which would more than double the current output. The ASX-, TSX- and LSE-listed company said on Wednesday that the expansion of the Co-O mine...

Iamgold studies expansion at Essakane

Toronto-based Iamgold has begun a feasibility study on an expansion of its Essakane mine in Burkina Faso, and believes it could boost output from the mine to between 450 000 oz and 470 000 oz a year, interim CEO Peter Jones said on Wednesday. The...

Iamgold cuts the ribbon on new Essakane mine

Toronto-based Iamgold has officially opened its new Essakane mine in Burkina Faso, with a ceremony attended by senior government officials, including the West African nation's Prime Minister, Tertius Zongo. “The Essakane gold mine is a...

Iamgold appoints Enbridge exec as CEO

Canada's Iamgold has appointed Stephen Letwin and president and CEO, effective November 1, the company announced on Wednesday morning. Letwin's most recent job was as executive vice president for gas transportation and international at Enbridge...

Iamgold to announce CEO in 'short term'

Iamgold expects to announce a new CEO “in the short term”, interim chief Peter Jones said on Wednesday. The board has narrowed its list down to two potential candidates, he said on a conference call with analysts.

Iamgold reports cost increases

Toronto-based Iamgold earned $37,5-million in the second quarter, a decline of 19% compared with a year earlier, after increased gold prices were offset by lower production and much higher costs in the quarter. Excluding some items, adjusted net...

HudBay lays out project plans, acquisition strategy

Canadian base-metals miner HudBay Minerals plans to aggressively develop its own growth projects, but will be conservative when it comes to making acquisitions, the firm's new chief executive said on Thursday. HudBay has approved the start of...

Iamgold opens Essakane mine ahead of schedule

Canadian gold-miner Iamgold has started up its Essakane gold mine, in Burkina Faso, six weeks ahead of its previous schedule, with ore processing under way and the mill operating as planned. “With the start-up of our second flagship mine,...