Africa
Roxgold starts construction of supergrade Yaramoko
Shares in Roxgold Inc (CVE:ROG) held onto recent gains on Tuesday after the company announced construction has gotten underway at its ultra-high grade Yaramoko project in Burkina Faso. The Toronto-based junior was changing hands at $0.60, up more...
Africa
Iron ore price breaks fall, claims big scalp
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%...
Africa
Harmony halts operations at Unisel mine after fatal incident
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...
Latin America
Batista trial descending into farce
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....
Latin America
Robbers grab gold worth $8m from Mexico mine
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...
News
Goldcorp sells stake in Nevada project for $20 million
Goldcorp will receive $20 million in cash from Premier Gold Mines in exchange for its 40% stake in the Nevada-based South Arturo Mine Project, an advanced exploration project. Goldcorp will put some of the money towards a private...
News
32 miners trapped in Manitoba nickel mine
32 miners are still trapped underground after a piece of equipment caught fire Sunday afternoon at Vale's nickel mine in Manitoba, Canada according to press reports. 39 workers sought shelter in safe rooms under ground as a result...
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