Posts Tagged ‘largest-gold’

Turkish central bank increased its gold reserves to 5.758 million ounces in November Europe’s largest gold producer Turkey’s gold reserves climbed last month after its central bank bouught 1.328 million troy ounces of gold. According to data from the... Full story

Indonesian workers at Freeport-McMoRan’s largest gold and copper mine said they were ready to end a three-month strike after the company reportedly agreed to a 37 percent wage hike. Continue reading at Washington Post Full story

IBTimes Gold put together a list  (with photos) of the world's 10 largest gold mines based on production data. Without giving away the results, IBTimes Gold says despite some difference of opinion, the Grasberg mine in Indonesia tops the list as world #1. Full story

The Royal Canadian Mint displayed its $1-million face value, 100 kg Gold Maple Leaf Bullion coin at Richmond Hill on Thursday. It was marking the opening of the Canadian PMX retail store and showroom in Richmond Hill, Ontario Full story

Newmont Mining aims to double annual output at Yanacocha, Latin America's largest gold mine, to 2.5 million ounces by 2017, Peru business manager Thomas Savage said. Full story

Barrick Gold, the world's largest gold producer, plans to invest $550-million in Peru by 2013, said the head of Barrick Misquichilca, the company's Peruvian subsidiary on Tuesday. A Barrick official expressed confidence in Peru, where miners are Full story

The worries about the financial markets are sending investors to Gold and the exchange-traded funds are seeing high inflows, says Commerzbank. Full story

- Suriname President Desi Bouterse has named a commission that will try to negotiate a deal for one of the world's largest gold mining companies to begin a mine project in the undeveloped South American nation. Full story

Plans for a huge gold mine near Kershaw have been delayed for at least a year because of the mine's potential effect on creeks and wetlands that run through the site in Lancaster County. The U.S. Army Corps of Engineers will conduct an environmental impact statement before it decides on a wetlands permit for Romarco Minerals Inc., which wants to create the largest gold mine ... Full story

JOHANNESBURG (miningweekly.com) − The National Union of Mineworkers (NUM) on Tuesday rejected the Chamber of Mines’ (CoM’s) latest wage offer and threatened to launch a strike. Full story