Gold mining output in South Africa fell 16.5 percent in January from the same period last year because of power cuts, the national statistics agency said Thursday.
“Gold production decreased by 16.5 percent for the month of January 2008 compared with January 2007,” Statistics South Africa said in a statement.
And overall, “the reported electricity supply shortages […]
Gold briefly pushed past the psychologically important $1,000 mark Thursday, as investors poured money into the metal to hedge against a tumbling dollar, soaring crude prices and a shaky U.S. economy.
Gold’s rally lifted other commodities, with silver, platinum and soybean futures all trading higher. Crude oil hit a trading record of $111 but fluctuated between […]
Caledonia Mining Corporation is pleased to announce it has accepted an offer for the purchase of the entire issued share capital of Eersteling Gold Mining Company Limited (”Eersteling”) in South Africa by a private Canadian company for C$3.81 million.
The offer is to be settled in cash on or before July 31, 2008 and a refundable […]
A Sierra Nevada community foundation says too little is known about the long-term health effects of mining during the state’s Gold Rush era.
The nonprofit Sierra Fund released a report Tuesday calling for an immediate assessment of state and federal land so mining waste can be cleaned up.
Sino Gold Mining announced the initial Beyinhar Ore Reserve is estimated to be 21.4Mt @ 0.72 g/t Au, containing 0.5Moz. The Beyinhar Mineral Resource estimate has increased 37% to 51Mt @ 0.62 g/t Au, containing 1Moz, including Measured and Indicated Resources of 29Mt @ 0.63 g/t Au, containing 0.6Moz. Deposit remains open along strike and […]
Findings of a new study on gold mining operations in the country launched yesterday have revealed that the government lost an estimated USD400m (more than 400bn/-) over the last ten years in low royalties, unpaid corporation tax and tax evasion.
The study, entitled: “A Golden Opportunity - How Tanzania is failing to benefit from gold mining,“ […]
Czech company Potamon GTS Praha hopes to receive approval for gold mining exploration in South Bohemia’s Kasperske hory region from the Czech Ministry of Environment in the coming days, Czech News Agency (CTK) reported Thursday.
“The exploration doesn’t include any groundwork on the […]
Grenville Gold Corporation is pleased to announce that its subsidiary Inversiones Mineras Alexander S.A.C. has purchased 31 new mineral concessions totaling 620 Ha from various mineral title owners, to bring the total mineral concessions under the Silveria Project to 2,797 Ha. Grenville is now in a position to maximize the full potential of the former […]
The directors of SIRIOS RESOURCES INC. are pleased to announce new drilling results obtained on the PONTAX silver property in James Bay, Quebec. Hole #18 (12+50E), drilled 50 meters east of holes #1 and #2 (ref.: June 1st 2007 press release), returned the following grades:
138 g/t Silver and 1,70% Zinc over 4 meters(ii), including […]
L&M Petroleum has announced that at 06:00 today, the Dean-1A well was drilling ahead at a depth of 1156m after completing operations to set 9-5/8′ intermediate casing at 1073m. The borehole is now vertical as a result of directional drilling operations. An encouraging gas reading of 3.87% was recorded at 1155m from what is believed […]