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DJ Newcrest Gold Production Up 26 percent in June Quarter
Newcrest Mining Ltd said Thursday gold production rose 26% in the three months to June 30 to 526,131 troy ounces on the previous quarter.
The miner’s Telfer and Gosowong mines recorded record quarterly production but net cash costs rose to A$342/oz from A$310/oz, in part as a result of the initial high costs of production at [...]
Production And Market Prices Gold Analysis Reports in Global Gold Mining By GIA
Global Industry Analysis (GIA) has reported changes in the prices and gold production in gold mining market. GIA estimates of global gold production will reach 2600 metric tons in 2012. Increased production due to improved gold prices in global markets. But gold-producing companies experiencing some technical obstacles to increase production, the technical problems faced by [...]
Ivanhoe Australia Signed an Agreement to Buy Copper-Gold Mine Project in Queensland
Precious metals mining company Ivanhoe Australia has signed an agreement with Barrick Australia to buy a copper-gold mine project in Queensland, Australia. The acquisition of copper-gold mine project requires funding of A $ 17.4 million. Ivanhoe also will pay royalties results of the exploration of copper-gold ore 2% net or A $ 15 million, and [...]
Golden Rim Completed Gold Mine Exploration Permits in Burkina Faso, West Africa
Golden Rim Resources, an exploration and mining company with a focus on copper and gold, has finalised agreements to acquire 12 prospective gold exploration permits in Burkina Faso in West Africa.
In a statement, the company said over the past 6 months it has “carefully selected these permits covering an area of approximately 2,730km2, strategically located [...]
Australian Mining Company OZ Minerals Find Gold Mines Resources in Cambodia
OZ Minerals, the Australian mining company has reported finding a gold mine of resources in Komboja. Gold mine of resources estimated at 8.1 million tons of gold ore and gold is estimated to produce as much as 605.00 ounces of gold. Gold resources discovered by OZ Minerals located in Mondulkiri Province, eastern Cambodia. Gold mining [...]
Queensland Mining Corporation hits 23.2% Copper at Flamingo Project
Queensland Mining Corporation has found “exceptionally high grade copper sulphide mineralization” at its 100%-owned Flamingo copper-gold project – located 110 km north-northwest of Cloncurry, northwest Queensland.
Assay results received have confirmed the continuing presence of very high grade sulphide mineralization at shallow depth. With, a near doubling of the strike length from 160-300m from previous drilling.
Macquarie Harbour Mining With African Eagle Signed LoI to Develop Of Gold Mining Project In Tanzania
Macquarie Harbour Mining has signed a Letter of Intent with African Eagle Resources for joint venture development of gold mining projects in African Eagle’s Miyabi, Tanzania.
Under the agreement, MHM will provide all the technical expertise and funding for a feasibility study sufficient to enable MHM to make a decision to develop a mining operation at [...]
Rio Tinto Re-evaluate Capital Plan for New Mining Project in Australia
Rio Tinto Chief Executive criticized the Australian policy plan to raise taxes on the profits of mining companies. This situation makes Rio Tinto will reevaluate plan new capital for mining projects development in Australia.
Mining company Rio Tinto postpones plans iron ore business merger with BHP Billiton, because iron ore mining projects being developed in Australia. [...]
Australian Plans to Increase Mining Taxes Affect Mining Companies Stock Trading in London
Trade shares some of the largest mining companies like BHP Billiton, Rio Tinto and Xstrata Plc in London fell. The fall of the mining company’s stock are expected because the Australian government’s plan to raise taxes on mining.
As already reported, Australia’s government plans to increase taxes on companies engaged in the resource sector, particularly mining. [...]
