Precious Metal

Results 811 - 820 of about 1,099 news for the category: Precious Metal.

New mining rights could increase production at Eastern Platinum

April 5th, 2008

Eastern Platinum has been granted a new order mining right for the Crocette section at its Crocodile River mine in South Africa meaning the firm can begin the development of the project.
According to Ian Rozier, President and Chief Executive Officer of Eastern Platinum, the mining rights were granted by the Department for Minerals and Energy [...]

Big decline in the gold price predicted

March 25th, 2008

Somphong Vajirakaphan, CEO of one of Chinatown’s better-known goldsmiths, said if the long queues at gold stores in China on the day gold prices hit US$1,000 (Bt31,200) an ounce indicated anything, it was that the market remained jittery and panicky.
Although touted as a safe haven for investors seeking to cover their losses in the volatile [...]

S.D. Uranium Mining Rules Stalled, Board Delays Decision Until April

March 14th, 2008

Ninety-four pages of proposed rules for uranium mining companies that need to obtain state groundwater permits were too much Wednesday for the South Dakota Water Management Board.
The panel had planned to make a decision on the rules but decided to delay it until a special meeting April 2-3 in Rapid City.
Board members want to know [...]

Gold mining in South Africa falls 16.5 percent in January

March 14th, 2008

Gold mining output in South Africa fell 16.5 percent in January from the same period last year because of power cuts, the national statistics agency said Thursday.
“Gold production decreased by 16.5 percent for the month of January 2008 compared with January 2007,” Statistics South Africa said in a statement.
And overall, “the reported electricity supply shortages [...]

Gold sets record on dollar, futures hit $1,000

March 14th, 2008

Gold briefly pushed past the psychologically important $1,000 mark Thursday, as investors poured money into the metal to hedge against a tumbling dollar, soaring crude prices and a shaky U.S. economy.
Gold’s rally lifted other commodities, with silver, platinum and soybean futures all trading higher. Crude oil hit a trading record of $111 but fluctuated between [...]

Caledonia Mining Accepts Offer of C$3.81 Million for Eersteling Gold Mine

March 5th, 2008

Caledonia Mining Corporation is pleased to announce it has accepted an offer for the purchase of the entire issued share capital of Eersteling Gold Mining Company Limited (”Eersteling”) in South Africa by a private Canadian company for C$3.81 million.
The offer is to be settled in cash on or before July 31, 2008 and a refundable [...]

Report warns of long-term consequences from Sierra gold mining

March 5th, 2008

A Sierra Nevada community foundation says too little is known about the long-term health effects of mining during the state’s Gold Rush era.
The nonprofit Sierra Fund released a report Tuesday calling for an immediate assessment of state and federal land so mining waste can be cleaned up.

Sino Gold Mining Announces Initial Beyinhar Ore Reserve of 0.5Moz

March 5th, 2008

Sino Gold Mining announced the initial Beyinhar Ore Reserve is estimated to be 21.4Mt @ 0.72 g/t Au, containing 0.5Moz. The Beyinhar Mineral Resource estimate has increased 37% to 51Mt @ 0.62 g/t Au, containing 1Moz, including Measured and Indicated Resources of 29Mt @ 0.63 g/t Au, containing 0.6Moz. Deposit remains open along strike and [...]

Tanzania loses 400bn/- in mining over last decade

March 5th, 2008

Findings of a new study on gold mining operations in the country launched yesterday have revealed that the government lost an estimated USD400m (more than 400bn/-) over the last ten years in low royalties, unpaid corporation tax and tax evasion.
The study, entitled: “A Golden Opportunity - How Tanzania is failing to benefit from gold mining,“ [...]

Czech Potamon GTS wants to explore gold-mining opportunities in SouthBohemia

October 25th, 2007

Czech company Potamon GTS Praha hopes to receive approval for gold mining exploration in South Bohemia’s Kasperske hory region from the Czech Ministry of Environment in the coming days, Czech News Agency (CTK) reported Thursday.
“The exploration doesn’t include any groundwork on the [...]