Posts Tagged ‘time_since_9 hours ago’

News reports on Saturday say Rio Tinto's Zimbabwe subsidiary Murowa Diamonds has ceded 51% of its equity to comply with a new law that requires Zimbabweans to own the majority of foreign companies. Rio Tinto says on its website it has completed a feasibility study and received environmental go-ahead to expand Murowa production 8-fold at a cost of $200 million. Full story

TORONTO, ONTARIO--(Marketwire - Oct. 7, 2011) - Avion Gold Corporation (TSX:AVR)(OTCQX:AVGCF) ("Avion" or the 'Company') is pleased to announce third quarter of 2011 production of approximately 21,687 ounces of gold from its Tabakoto/ Ségala operations in Mali, West Africa. Gold production during the period was lower by 4,413 ounces than the third quarter budget of 26,100 ounces. Full story

KINSHASA - The Democratic Republic of Congo would see its energy deficit dramatically increase in the next four years due to a surge in demand from the mining industry, the country's national supplier said on Tuesday. The central African State has... Full story

In what seemed to be a major breakthrough for debt-ridden Greece, it had gained trust from a Qatar-based holdings firm to invest in one of its gold-mining projects. On Saturday, Qatar Holdings LLC signed a $1 billion investment into European Goldfields Full story

While  Gold  may have to tackle near-term pressures, the rising macro and financial market insecurity continues to provide a gold-supportive backdrop. And Barclays retain their positive view on gold. Full story

Central banks in emerging markets continued to build up their gold reserves in August, data from the International Monetary fund showed, with Thailand, Bolivia and Russia all adding to holdings last month. Thailand bought 9.3 tonnes of gold in August, Full story

Golden Phoenix Minerals (GPXM) maintains a 30% interest in the Mineral Ridge property, which is being operated and explored by joint venture partner Scorpio Gold (SGN: TSX-V). In the course of Scorpio’s exploration program, the Solberry Zone at the Full story

SPOKANE, WASHINGTON--(Marketwire - Sept. 29, 2011) - Josephine Mining Corp. Full story

Romarco Minerals Inc. (TSX:R) (the "Company" or "Romarco") is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by National Bank Financial Inc Full story

Fear crept out of the markets today and buyers came back. The S&P 500 was up 1.07% and the S&P TSX was up less than 1%. Gold futures rose to $1,652.50/oz, up 3.6 percent Full story