Wednesday, August 17, 2016

‘World’s oldest gold mine’ uncovered in Georgia

October 30, 2009 by · Leave a Comment 

Experts have claimed to have found the oldest gold mine in the world. Located 46 metres below ground level, the mine was first found by archaeologists near the Georgian capital of Tbilisi in 2005, China Central Television reports.The news feeds on this site are independently provided by Adfero Limited © and do not represent the [...]

Newmont negotiating with Indonesia govt as divestiture deadline looms

October 30, 2009 by · Leave a Comment 

Newmont Mining continues to hold talks with the government of Indonesia, ahead of a November 12 deadline for the sale of a total of 24% of the Batu Hijau copper/gold mine, CEO Richard O’Brien said on Thursday. The company understands that the local government will buy the initial 10% (the 3% and 7% stakes which [...]

‘Very significant’ rerating chance for SA gold miners – Gold Fields

October 29, 2009 by · Leave a Comment 

A "very significant" rerating opportunity existed for South African gold producers, Gold Fields CEO Nick Holland said on Thursday. Holland said that the large gap that had existed between the market capitalisations of South African gold-mining stocks and those of far smaller international gold-mining companies had been closed in the past and, with proper management, [...]

Barrick’s adjusted earnings rise 17%

October 29, 2009 by · Leave a Comment 

The world’s biggest gold miner, Canadian Barrick Gold, on Thursday reported a big net loss for the third quarter, essentially because of a $5,7-billion accounting charge related to the company’s announcement that it will eliminate its gold hedges. The firm lost $5,4-billion, compared with a $254-million profit a year earlier. Read more….

Gold Fields hoping to build second Andes gold mine

October 29, 2009 by · Leave a Comment 

South Africa’s second-largest gold-miner Gold Fields may build another gold mine in the Andes, this time 5 000 m up. The Chucapaca, in southern Peru, is at an advanced stage of drilling and Gold Fields hopes to have a scoping study out by June 2010. Gold Fields earlier this year fully commissioned its Cerro Corona [...]

New Western Australian gold mine due by Christmas

October 29, 2009 by · Leave a Comment 

A mining conference in Queensland was told Thursday that Australia’s next new gold mine should be operating before the end of this year. Read more….

Cluff commissions Côte d’Ivoire gold mine

October 27, 2009 by · Leave a Comment 

TSX- and Aim-listed Cluff Gold’s targeted yearly output would increase to 100 000 oz by the fourth quarter of the year, now that its 90%-owned Angovia mine, in Côte d’Ivoire, had been successfully commissioned. The company had commissioned its 60 000-oz/y Kalsaka gold mine, in Burkino Faso, only three months before. Read more….

Harmony shuts Target gold mine after fatal accident

October 27, 2009 by · Leave a Comment 

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Cluff Gold shares rise on Ivory Coast plant announcement

October 27, 2009 by · Leave a Comment 

The group announced it has successfully commissioned its Angovia gold mine Read more….

Haywood gives thumbs up to Apollo Gold’s Montana Tunnels sale

October 26, 2009 by · Leave a Comment 

Haywood Securities says Apollo Gold’s decision to divest its 50% ownership in the Montana Tunnels project is good for Apollo’s Black Fox gold mine, and for eventually resuming production at Montana Tunnels. Read more….

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