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MiningNe.ws team's Blog (42)
Rio Tinto Spy Drama – The Saga Continues
July 17, 2009 by MiningNe.ws team
So here we are, halfway through July, and already it has been a month of controversy and drama in the international mining industry.
The major story that has stolen headlines across the board is the Rio Tinto spy drama. Barely a day has gone by this month without one ore two new developmen... read more
Mines and plants hit by low prices, high costs
July 6, 2009 by MiningNe.ws team
The past few months have been tough for the international mining industry. The financial crisis has wreaked havoc on the markets and subsequently the economic well-being of many mining companies.
To say that these companies have felt the pinch would be a severe understatement. Scanning the... read more
Gold to Go
June 17, 2009 by MiningNe.ws team
As the world learns to cope with the icy conditions brought on by the financial crisis, an interesting innovation has been put into practice in Germany.
In these turbulent times, people are searching for something to hold onto, something valuable, and something that is tried and trusted. M... read more
Will Gold Revisit Highs This Week?
May 25, 2009 by MiningNe.ws team
With gold closing at $957 and silver $14.70 an ounce last week there was cause for celebration among precious metal investors.
Traders are pointing to overbought signals and cautioning that the market could pull back. But a peak price on Friday of $961 left gold just a tantalizing $39 belo... read more
Racism and Discrimination at Cullinan Mine?
May 12, 2009 by MiningNe.ws team
It has been almost seven months since the Cullinan mine produced a rare, internally flawless blue diamond weighing 7.03 carats. The diamond will soon be sold at an auction in Geneva and most expect the precious gem to fetch no less than £4million.
However, it would appear that all i... read more
Thieves Hit Golden Pride Mine in Tanzania
May 8, 2009 by MiningNe.ws team
The word “Resolute” is an adjective and by definition is “firm in purpose or belief”
You may ask where I am going with this. Well the answer leads to Resolute Mining. This Perth-based gold miner received a major setback at the end of April with the theft of a sizab... read more
Struggling to Keep Afloat in Rough Seas
May 1, 2009 by MiningNe.ws team
2009 has been a difficult year for the international mining community and we've only just entered the fifth month. Mine closures and production cuts have become standard practice as certain mining companies struggle to keep their heads above water in a torrent of financial woes.
Major proj... read more
China Boosts Gold Reserves
April 29, 2009 by MiningNe.ws team
Last week Chinese government officials revealed that China has increased its gold reserves by 75% since 2003. This came as a surprise to many people, but it also confirmed some suspicions as certain sectors in the mining and financial industries had speculated that China was building its r... read more
Anglo's Pebble Project Evokes Strong Opposition from Locals
April 16, 2009 by MiningNe.ws team
Its the classic tale of David vs. Goliath, only this time the story plays out in the mineral-rich fields of Alaska.
The role of Goliath in this story has been undertaken by the giant of the mining industry, Anglo American. David is portrayed by local fisherman and native Alaskans.
The... read more
Newmont, Barrick Merger Likely - Eventually
April 6, 2009 by MiningNe.ws team
Over the past few weeks Mergers & Acquisitions have become common place in the global mining industry. The latest M&A talk surfaced last week and focuses on Newmont Mining Corp and Barrick Gold.
In this article, James West* takes a look at the speculation and facts surrounding this... read more