Mining Exploration Company News

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BHP Billiton to suspend at least 2 mega projects to rein in spending

BHP Billiton, the world’s largest mining company, is likely to delay signing off on at least two mega projects after its chairman put the brakes on plans $ 80-billion company growing iron ore, copper and energy operations, analysts said. Declining commodity prices and rising costs have squeezed cash flow, pushing BHP to join rival Rio [...]

Tags: bhp billiton, BHP Billiton mining company, China iron ore demand, copper, iron ore, Rio tinto Filed Under Mining, News May 18 2012

The price of gold higher is required to maintain the gold mining industry

Gold will need a higher price to sustain mine production, says Gold Fields CEO Nick Holland. Announcing lower net group March quarter earnings of R2 082-million ($ 268-million) compared with higher December quarter earnings of R2 605-million ($ 336-million), Holland puts the all-in cost of producing an ounce of gold at $ 1400 and says [...]

Tags: gold fields, gold industry, gold market, gold mining industry, gold price, gold price fails, gold production Filed Under Market, News May 18 2012

Gold drops to 4-1/2-month low on eurozone worries

Gold prices fell to a 4-1/2-month low on Monday, hit by concerns about a worsening debt crisis in the euro zone following political deadlock in Greece which fuelled risk aversion and put pressure on the euro. Spot gold hit a session low at $1,559.81 an ounce, its lowest since late December 2011, before recovering slightly [...]

Tags: gold market, gold price, gold price market, gold price news, gold price today, spot gold price Filed Under Market, News May 14 2012

Aureus Mining Inc. – Management’s Discussion and Analysis

AUREUS MINING INC. Management’s Discussion and Analysis For the quarter ended March 31, 2012 (stated in US dollars). The following discussion is management’s assessment and analysis of the results and financial condition of Aureus Mining Inc. (the “Company” or “Aureus” or “Aureus Mining”) prepared in accordance with International Financial Reporting Standards (“IFRS”), and should be [...]

Tags: Aureus Mining, Aureus Mining company, Aureus Mining Inc., Aureus Mining Inc. financial Filed Under News May 14 2012

Orosur Mining Commence Trading on the Toronto Stock Exchange

Orosur Mining Inc. the South American-focused gold producer and explorer, announces that the common shares of the Company will be listed and posted for trading at the opening on Monday May 14, 2012 on the TSX under the symbol “OMI”. The Company will be listed as an exempt issuer on the TSX and will therefore [...]

Tags: gold exploration, gold production, Mining exploration company, mining trading, orosur gold mining, orosur mining, orosur mining trading Filed Under Market, News May 14 2012

EMED Mining Public Limited Quarterly financial report

EMED Mining Public Limited, the Europe-based minerals development and exploration company, announces its unaudited results for the three months ended 31 March 2012. Period Highlights In March 2012 the Andalucian election was held. All major political parties announced policies committing to full permitting targeted for Q3-12 and the earliest possible re-start of Rio Tinto Copper [...]

Tags: Emed mining, EMED mining company, EMED Mining Public Limited, mineral company exploration, Mining exploration company, mining news, Quarterly financial report Filed Under Mining, News May 14 2012

Hunt Mining Company Signs Exploration Agreement With Eldorado Gold Corporation

Hunt Mining Corp. is pleased to announce the signing of an exploration agreement with Eldorado Gold Corporation (“Eldorado”) for precious metal exploration in Argentina. Under the terms of the agreement, Hunt’s Argentine wholly-owned subsidiary Cerro Cazador S.A. (“CCSA”) will be the initial operator conducting exploration activities on existing Hunt properties including twenty exploration concessions (“Cateos”) [...]