Gold, oil hit record highs
More records were set for commodity prices during the week ended Feb. 23, the eighth trading period of 2008, as both oil and gold prices rose to new, all-time nominal highs as the U.S. dollar suffered…
Africa
Creepy crawlers for Canada?
KENILWORTH, SOUTH AFRICA–The Canadian lake-based mining industry has strengthened its position in the global market in recent years with the establishment of several new large mines that have led to …
Moto keeps on driving in DRC
Building a mine on the Kilo-Moto gold belt in the Democratic Republic of the Congo’s northeast has been a mucky adventure for Moto Goldmines (MGL-T, MOE-L).
Never at Wits’ end
South Africa’s Witwatersrand basin never seems to run out of gold; you might even say it’s never at Wits’ end.
Axmin up 14% on Komahun drill results
A moratorium on drill sample exports in Sierra Leone delayed some good news for Axmin (AXM-V), but the company says…
Golden Star reports loss of US$36.4 million for 2007
Despite a 43% increase in revenues and record gold production from its Ghana operations in 2007, Golden Star Resour…
Big find for Malian artisinal gold miners
Artisanal miners in Mali have found a 2.7-kg gold nugget on a property licenced to African Gold Group (AGG-V). …
Mining execs converge at South Africa’s Indaba
CAPE TOWN, SOUTH AFRICA — The keynote session at the recent Mining Indaba conference in Cape Town, South Africa, saw leaders from many of the world’s largest mining houses step to the podium to discu…
Early figures point to sound economics at Barytex’s Shituru
VANCOUVER — A recently completed scoping study that forecasts robust economics at International Barytex Resources’ (IBX-V, IBYXFO) Shituru copper project, located in the Democratic Republic of the Co…
Platinum cracks US$2,000-per-oz barrier
A meteoric rise in platinum prices grabbed the mining sector’s attention during the week ended Feb. 16, the seventh trading week of 2008.
Uranium One president resigns over second production cut
Vancouver – Uranium One’s (UUU-T) share price freefall looks to continue with news that the uranium upstart had to …
La Mancha goes organic for 2008
It’s been nearly two years since a reverse takeover put Areva’s gold assets into then Venture Exchange listed La Ma…