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Gold Mine Exploration and Production Increase 10 pct at Turk Mine, Zimbabwe
Gold production at Turk mine, northwest of Bulawayo in Zimbabwe increased by more than 10% in May compared to the previous month, as the mine finds its feet after re-opening early this year. The mine, owned by Japanese based New Dawn, was placed on care and maintenance due to operational challenges last year.
Australian Contract Price Iron Ore and Coking Coal Export to Halve as Chinese Growth Slumps
The crisis and the effects on the domestic economy are expected to deepen as commodity prices fall because of reduced global demand.
South Africa: Mining Sector Profits Up 64 Percent
A report by PricewaterhouseCoopers, ‘Mine – Riding the wave’, shows that 2006 was another spectacular year for the global mining industry with net profits rising by 64 percent. They are now 15 times higher than their 2002 level while return on equity reached 33 percent compared to 26 percent in 2005. It also finds that [...]
Study Finds 3 Forms of Mercury Exiting Nevada’s Largest Mines
Regulators announced Thursday that new monitoring at five of Nevada’s largest mines has shown three kinds of mercury are coming out of smokestacks, including a gaseous form that can find its way into fish.
The findings tell the Nevada Division of Environmental Protection what kinds of pollution control technology to require at the mines, said agency [...]
Grande huile au Cambodge minuscule : Le fardeau de la nouvelle richesse
Still clawing its way out of the ruins of its brutal past, Cambodia has come face to face with an extraordinary new future: It seems to have struck oil.
Exploratory drilling began two years ago, and the oil giant Chevron says it has found potentially huge deposits off the southern shore. The company has not made [...]
BRAZIL’S NEWEST BOOM TOWN BRINGS QUICK RICHES ALONG WITH CRIME, HEALTH AND ENVIRONMENTAL PROBLEMS
It’s a gold rush in the jungle, driven by the Internet.
Speeding past unbroken walls of foliage, a motorboat packed with gritty prospectors veers toward the shore of the Juma river. Rising up along the steep, muddy banks, a city of black plastic lean-tos appears veiled by greasy smoke.
All around them are newly dug pits, felled [...]
Sector Snap: Gold Mining Stocks Wobble
Shares of Gold Miners Slip, Harmony Gold Mining Finds Its Footing.
Gold mining stocks wavered Wednesday, with a few exceptions, as the price of gold moved modestly higher.
The Philadelphia Gold and Silver Sector Index fell slightly, with most of its 15 component mining companies trading slightly lower.
Bendigo Mining finds pot of gold to offset costs
STRUGGLING Victorian gold revivalist Bendigo Mining completed a $50 million capital raising at one-third the price its shares were trading at six months ago.
Goldman Sachs JBWere and Macquarie Equity Capital Markets tried to place shares with institutions between 88¢ to 96¢, but the goldminer was forced to settle for a 12-month low price of 80¢ [...]
