Sino Gold Mining and Gold Fields have announced that Sino Gold will undertake a A$136 million capital raising, the proceeds of which will be used primarily to retire its gold hedge position. Gold Fields has agreed to increase its stake in Sino Gold which, after the retiring of its hedge position, will be a financially stronger growth […]

Coeur d’Alene Mines has received five major safety awards from the International Society of Mine Safety Professionals (ISMSP) for its safe operations, as well as for safe worker activities related to its new San Bartolome silver mine in Bolivia and the development of the Kensington gold mine in Alaska. The awards were presented last week at […]

RBC Capital Markets has released a research report that concludes that 2008 will see the price of platinum continue to soar as a result of a production bottleneck in South Africa. Platinum prices have surged over $2,000, up 135% since the beginning of 2005, recently reaching a seven-week high amid concerns over power supply difficulties […]

“Demand for US coal will reach a new record in 2008 despite a lagging domestic economy,” National Mining Association (NMA) President & CEO Kraig R. Naasz said upon release of the NMA’s mid-year forecast for coal demand and production. “Throughout 2008, coal will continue to supply 50% of the electricity generated for America’s power grid. Coal […]

Canada is closer to signing a free trade deal with Peru, an agreement that would open up more South American export opportunities for the country’s mining suppliers. Peru is already a strong trade and mining partner with Canada, but Canadian mining companies should find doing business in Peru easier once Canada’s proposed free trade agreement (FTA) […]

RBC Capital Markets is holding its inaugural platinum group metals (PGM) conference today, Friday May 16, in London.  The conference brings together senior executives from industry-leading companies including Eastern Platinum, Mvelaphanda Resources and African Rainbow Minerals. Opening the conference, Leon Esterhuizen, Analyst, Global Mining Research at RBC Capital Markets said: “We are dealing with an industry […]