VIDEO: Aureus Mining sets up Liberia’s first commercial gold mine
17 May 2013 | Posted in News
London-listed miner Aureus Mining (LON: AUE) is building the first commercial gold mine in the west African nation of Liberia.
In an interview with Reuters, company chief executive David Redding discusses the new Liberty gold project as well as the company.
Located north of the capital of Monrovia, the gold mine is expected to produce 120,000 ounces per year over an eight year span with production on track for the last quarter of 2013.
The post VIDEO: Aureus Mining sets up Liberia's first commercial gold mine appeared first on MINING.com.
VIDEO: Aureus Mining sets up Liberia’s first commercial gold mine
17 May 2013 | Posted in News
London-listed miner Aureus Mining (LON: AUE) is building the first commercial gold mine in the west African nation of Liberia.
In an interview with Reuters, company chief executive David Redding discusses the new Liberty gold project as well as the company.
Located north of the capital of Monrovia, the gold mine is expected to produce 120,000 ounces per year over an eight year span with production on track for the last quarter of 2013.
The post VIDEO: Aureus Mining sets up Liberia's first commercial gold mine appeared first on MINING.com.
Gold worth $625,000 stolen from Miami airport
17 May 2013 | Posted in News
A $625,000 gold shipment disappeared in a suspected robbery after arriving via American Airlines in Miami this week, reports Fox News.
En route from Ecuador, the box full of gold was unloaded onto a motorized luggage cart by five airline crew members. An hour later, the cart was found at the terminal gate without the box of gold.
Police did not say who owned the gold or where it was originally headed.
The FBI is looking into the theft.
Coming in mainly from Mexico and Colombia, Miami's No. 1 import is gold and last year it was valued at almost $8 billion. Almost all of the bullion is headed for Switzerland, according to Reuters.
Image via Wikimedia Commons
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The post Gold worth $625,000 stolen from Miami airport appeared first on MINING.com.
Gold worth $625,000 stolen from Miami airport
17 May 2013 | Posted in News
A $625,000 gold shipment disappeared in a suspected robbery after arriving via American Airlines in Miami this week, reports Fox News.
En route from Ecuador, the box full of gold was unloaded onto a motorized luggage cart by five airline crew members. An hour later, the cart was found at the terminal gate without the box of gold.
Police did not say who owned the gold or where it was originally headed.
The FBI is looking into the theft.
Coming in mainly from Mexico and Colombia, Miami's No. 1 import is gold and last year it was valued at almost $8 billion. Almost all of the bullion is headed for Switzerland, according to Reuters.
Image via Wikimedia Commons
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INFOGRAPHIC: The coming silver squeeze
17 May 2013 | Posted in News
The Austrian Insider has put together its arguments for a silver rebound in a handy infographic.
Like gold, silver has been getting hammered. Since the start of year, spot silver has dropped by one-quarter. It is currently trading at $22.53 an ounce.
The Silver Squeeze – An infographic by the team at The Silver Squeeze Free Infographic
Creative Commons cat picture by ansik
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Lonmin’s South African mine resumes operation after strike
18 May 2013 | Posted in News
Platinum producer Lonmin Plc (LON: LMI) resumed operations at its Marikana mine in South Africa Friday following a wildcat strike by its workers earlier in the week.
The company told the Mail and Guardian that employees had returned to work Friday and labour-management talks continued.
Members of the Association of Mineworkers and Construction Union refused to work Tuesday while calling for the office closure of their rival, the National Union of Mineworkers, at Lonmin.
AMCU's president told workers Wednesday to go back to the mine and stop the job action as a case to recognize the union as the majority representative was before a government commission.
The strike stopped production at 13 Marikana shafts near the town of Rustenburg.
Image: GovernmentZA, Creative Commons, Flickr
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