Rainy River bets on new Ontario gold play

Canadian gold exploration company Rainy River Resources believes it has stumbled on to a whole new gold district in northern Ontario, where it is developing its flagship Rainy River project, CEO Raymond Threlkeld said. The project, located about...

World Gold Council unveils conflict-free gold draft

The World Gold Council on Thursday unveiled a standard to curb the sale of gold tainted by conflict and human rights violations.

'No end of approaches' from potential partners, says junior Foran

Foran Mining, the Canadian junior that owns a base metals deposit in Saskatchewan, aims to complete a preliminary economic assessment (PEA) at its McIlvenna Bay project in early 2013, corporate development VP Fiona Childe said on Friday. The...

New molybdenum entrant hopes to be industry consolidator

Between moving towards production at its newly acquired Kitsault mine, actively looking for byproduct molybdenum streams from other miners and keeping an eye out for other acquisition targets, Denver-based Avanti Mining will likely have its hands...

Canadian trio merge to form new mid-tier gold firm

Canadian gold firms Metallica Resources, Peak Gold and New Gold have agreed to combine their businesses under New Gold, the companies said on Monday. The merged entity will own three operating gold mines, in Australia, Brazil and Mexico, and...

Barrick's Wilkins named World Gold Council chairperson

The CEO of the world's biggest gold-mining company, Barrick Gold chief Greg Wilkins, has been appointed chairperson of the World Gold Council with immediate effect, the body said on Wednesday. Wilkins replaces Pierre Lassonde, who served in...

Harmony pioneers commercial royalty that could be used as mechanism for lowering BEE risk

Much as it is common practice for writers to claim royalties from books they sell to publishers, mining companies are now realising the potential the royalty route can have for the industry, following on trends set by international royalty gurus,...

Harmony pioneers commercial royalty that could well be a mechanism for lowering BEE risk

Much as it is common practice for writers to claim royalties from books they sell to publishers, mining companies are now realising the potential the royalty route can have for the industry, following on trends set by international royalty gurus,...

US miners buoyed by rise in commodity prices

Shares of two of the biggest US mining companies soared to multiyear highs yesterday as a surge in metals commodity prices led to a sharp improvement in third-quarter results.

Canada gold giants decline comment on Ashanti bid

Canada's Barrick Gold and Placer Dome both declined to comment yesterday over recurring speculation that either might be involved in an escalating bidding war for African miner Ashanti Goldfields.

Newmont claims no Russian ambitions

Newmont Mining, the world's biggest gold miner, has no plans to follow a key rival into Russia and decided against pursuing an African mine that is much prized in the industry, according to company President Pierre Lassonde.

AngloGold wants to exit some Australian ground

South Africa-based AngloGold said yesterday it was seeking to divest some Australian gold mining ground amid efforts to diversify outside of South Africa.