Europe

CRATER Gold Mining expects to be operating at full mining capacity at its High Grade Zone (HGZ) project in Papua New Guinea by the end of 2015 following completion of a mining plant upgrade. At full capacity the company anticipates producing 10,000 ounces of gold in the first full year…
China has approved an investment of US$1.2 billion in mining of a section of the Thar Coalfield in Pakistan and the establishment of a power project. The agreement forms part of the China-Pakistan Economic Corridor project (CPEC) with final documents expected to be signed by both sides on December 21.…
Despite current conditions, the diamond sector’s long-term fundamentals remain solid, says Moody's. Diamond miners will remain under pressure over the next 12-18 months as sluggish jewellery sales and reduced credit availability for cutters and polishers have created a temporary supply and demand mismatch, warns Moody’s. In a special report published…
Codelco’s Chuquicamata is the world's largest open pit copper mine. The world's biggest copper miner, Chile’s Codelco, will continue reining in costs next year rather than curbing output to navigate a slump in prices that are hitting fresh six-year lows almost daily, the company’s chief executive Nelson Pizarro has said.…
There is no Nazi gold train after all — Polish scientistsPiotr Koper and Andreas Liechter presented this image as evidence of the Nazi gold train they claimed to have found.   Scientists rooted out Tuesday a claim by two amateur treasure hunters that they had discovered a legendary gold train…
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