News
Gold on track to record third-straight annual loss
Source: Kitco Metals Live Charts. Gold prices were mostly trading in negative territory Wednesday morning in the U.S. amid light volumes and weak oil prices. February delivery on the Comex division of the New York Mercantile Exchange was last...
Latin America
Dominion Diamond shareholders revolt, call for changes
Ekati mine aerial view, August 2010. (Image by Jason Pineau, WikiMedia Commons) Displeased shareholders of Canada’s Dominion Diamond (TSX, NYSE:DDC), the world’s third largest producer of rough diamonds by value, are stepping up efforts to force a company overhaul....
Middle East
RPM and Schneider seek joint opportunities
RungePincockMinarco (RPM) and Schneider Electric (Australia) have signed an agreement to jointly explore business opportunities in the mining industry. The companies will leverage existing customer and partner networks within the industry where they provide software and services. RPM logoRPM...
Africa
Thiess awarded UHG contract extension
CIMIC Group’s global mining contractor Thiess has been awarded a four-year contract extension by Energy Resources LLC at the Ukhaa Khudag (UHG) coal mine in Mongolia. The contract extension will deliver Thiess with up to $1 billion of revenue...
Africa
Dozens missing in new Myanmar landslide
Dozens are missing and feared dead after a landslide struck a remote jade mining region in northern Myanmar on December 25. It was the second such incident to hit the country's jade industry in five weeks. The landslide occurred...
Middle East
Malaysian miner seeks Singapore listing
Malaysian gold mining company Anchor Resources, also called Angka Alamjaya Sdn Bhd (AASB), has lodged its preliminary offer document for an initial public offering (IPO) on the Catalist board of Singapore Exchange. Anchor is engaged in the business of...
Europe
Axiom defines five years of production
Axiom Mining has received an updated JORC-compliant resource at the Isabel Nickel Project in the Solomon Islands which defines the first five years of nickel production. At Kolosori tenement the high-grade saprolite resource tonnage doubled to 3.9 million dry...
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