News

After weeks of relentless selling the spot price of iron ore regained its footing on Tuesday on the same day the decline in the value of the steelmaking material claimed one of its most high-profile victim.   The 62%...

South Africa’s Harmony Gold (JSE:HAR) (NYSE:HMY) announced Tuesday that an employee was fatally injured in an engineering related accident while performing maintenance work at Unisel mine near Welkom on Saturday, April 4.   The company said production at the...

Brazilian tycoon Eike Batista's fortune topped out at an eye-watering $32.8bn in April 2012 when his oil and gas firm OGX's first wells went into production and his coal, iron ore, shipping and many other ventures were humming along....

McEwen Mining (NYSE:MUX)(TSX:MUX) on Tuesday reported an armed robbery at its El Gallo 1 mine in Sinaloa, Mexico.   According to a statement an estimated 900 kilograms of gold-bearing concentrate containing approximately 7,000 ounces of gold were stolen from...

Canadian seafloor miner Nautilus Minerals (TSX:NUS) said Tuesday it has struck a deal with provider Gardline CGG, which will allow the company resume exploration around Solomon Islands, east of Papua New Guinea (PNG), where it is developing a gold,...

Barrick Gold wants to reduce debt of roughly $10 billion by almost a third this year and talks to sell two gold mines – Cowal in Australia and Porgera in Papua New Guinea – are at and advanced stage....

Brazil Minerals (OTCBB: BMIX) mined a 4.01 carats diamond, it's largest to date.   The company said the gem has good appearance with the ability to yield high colour and clarity grades. The company plans to cut and polish...