Gold Fields’ Philippine mine to cost up to $2bn
Gold Fields may invest up to $2bn to develop a gold and copper prospect in the Philippines, says a government official, although the company maintains it is far too early for such estimates.
All that glitters is not just gold, say CEOs
Prices for silver are expected to strongly rise due to a worsening economic landscape, mining CEOs say, with some predicting a price of $50/oz within six months.
Petmin increases pig iron project investment
PETMIN has announced details of a $25m investment in its Canadian iron sands and pig iron joint venture project.
Workers hurt at DRD’s Blyvoor, says NUM
The National Union of Mineworkers says that a seismic event has rocked DRDGold's troubled Blyvoor mine.
Smokey Hills back in production
Platinum Australia says underground production at its Smokey Hills mine have resumed, following disruptions due to blockages to the access road.
Gold stocks are ‘dirt cheap’ – JP Morgan
Gold stocks are dirt cheap and gold is going to $2,500/oz, according to the latest research from the top gold analysts at JP Morgan Cazenove.
Mining CEOs see gold price heading one way
To hear mining executives tell it, gold prices have nowhere to go but up as investors flock to the yellow metal to hedge against the languishing global economy.
Rio Tinto ‘well-placed to weather market storms’
Rio Tinto says it is well-placed to weather turbulence in financial markets and continues to expect long-term demand growth.
Transnet doubt stalls ResGen’s Boikarabelo
Resource Generation says major construction work at its Boikarabelo development is on hold until it has secured a railage contract with Transnet Freight Rail.
Petra Diamonds profit dips, sees volatile prices
Petra Diamonds says core profit has fallen 5.4% in the year to end-June as higher rough diamond prices outweighs a decline in production and rising costs.