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Extorre looks to high-grade open pits to fund Cerro Moro development
Wednesday , 16 May 2012Extorre Gold Mines looks for ways to minimize dilution as it advances its Cerro Moro project in Argentina closer to possible financing.
Platinum jewellery rides trendy wave in gold-focused India
Wednesday , 16 May 2012Platinum is finding a market among younger consumers in the country especially now that it is cheaper than its yellow cousin, but analysts believe it is creating new markets rather than stealing gold's lunch
Shareholders ask questions of AMSA CEO's pay hike
Wednesday , 16 May 2012Shareholders raised concerns at ArcelorMittal South Africa's AGM Wednesday particularly as to the remuneration paid to CEO, Nonkululeko Nyembezi-Heita
Anglo American approves capex to 2014
Wednesday , 16 May 2012The London-based mining group plans to increase output by more than 50% by end 2014 as it bets demand for the commodities it produces will be buoyed by Asian economic expansion.
Canadian Zinc raises capex estimate for Prairie Creek project
Wednesday , 16 May 2012The company currently expects to spend C$150 million to C$160 million on bringing its Prairie Creek mine to production, up from its previous estimate of $120 million.
Tanzania's gold production up 13% in 2011
Wednesday , 16 May 2012Gold output rose to 40.4 tonnes in 2011 from 35.6 tonnes a year ago after mining companies invested in higher output in a bid to cash in on the rising gold price, its central bank said Tuesday.
Pan American Silver profit falls 46% on takeover charge
Wednesday , 16 May 2012The company's quarterly profit fell 46% as charges related to its takeover of Minefinders Corporation outweighed higher realized silver prices and sales volumes.
Gold dented as dollar profits from Greek worries
Wednesday , 16 May 2012The gold price got sucked into a broad-based sell-off that dented global markets Wednesday on the back of alarm over political turmoil in Greece.
Indonesia stretches export duty to 21 metals
Wednesday , 16 May 2012In total, 65 mineral types excluding coal will be affected by the new export duties, effective immediately, finance minister Agus Martowardojo said Wednesday.
Vale not retaliating against mega ship ban
Wednesday , 16 May 2012Industry officials say the Brazilian iron ore miner has not stopped hiring vessels from some Chinese firms in retaliation for Beijing's ban on its huge Valemaxes.
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Extorre looks to high-grade open pits to fund Cerro Moro development
Wednesday , 16 May 2012Extorre Gold Mines looks for ways to minimize dilution as it advances its Cerro Moro project in Argentina closer to possible financing.
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