Argentina Outlook Revised To Negative On Greater Uncertainty On Medium-Term Prospects, ‘B’ Unsolicited Ratings Affirmed

Standard & Poor's Ratings 
Services revised its outlook on the Republic of Argentina to negative from stable. In addition, we affirmed our 'B' unsolicited long- and short-term ratings and our 'raAA' national scale rating on Argentina. At the same time, we affirmed our 'B' transfer and convertibility assessment on Argentina.

MINING.com Editor | April 23, 2012 | 2:08 pm

Indonesian export ban to make many nickel mines viable again

Anton Berlin, head of marketing for Norilsk, says if prices rise above $20,000 a tonne on the back of Indonesia’s proposed ban on the export of ore, many idled mines can re-open.

MINING.com Editor | April 19, 2012 | 6:45 pm

Canada’s Harper tells Americas summit mining has ‘vast power to change the way a nation lives’

Mining contributed $50 billion to the country’s GDP in 2011, he said, and provides “well paying” jobs for more than 300,000 Canadians.

MINING.com Editor | April 15, 2012 | 1:20 am

Gold tumbles late Friday

Gold futures trading on the Comex division of the New York Mercantile Exchange experienced an after-hours selloff on Friday with prices tumbling $20 in a flurry of end-of week liquidation.

MINING.com Editor | April 13, 2012 | 11:07 pm

Hitachi builds EX5600-6 to customer requirements

After listening to customer demands for reliability and even greater production in ultra-large hydraulic excavators than before, Hitachi brings its new EX5600-6 to market. Available in either an excavator or backhoe configuration, the EX5600-6 has numerous improvements without losing the proven features Hitachi machines are known for.

MINING.com Editor | April 12, 2012 | 12:49 pm

Energold strikes record profits after drilling a million metres in 2011

The Vancouver company earned a profit of $26.4 million on $133.5 million in revenues for the year, up 145%, after drilling an astonishing 585,900 meters for minerals and a further 444,400 meters for energy last year.

MINING.com Editor | April 10, 2012 | 10:03 pm

Goldman’s senior ranks thin out further as co-head of M&A quits

The Financial Times reports Yoël Zaoui, one of Goldman Sachs’ most senior bankers, “is to retire in the latest departure from the […]

MINING.com Editor | April 10, 2012 | 7:08 pm

AngloGold Ashanti lost more ounces over safety in Q1 than all of 2011

Work stoppages as a result of safety issues in South Africa cost AngloGold Ashanti 76,000 ounces of lost production in the first quarter.

MINING.com Editor | April 10, 2012 | 6:00 pm

Embry: Gartman inept, CNBC wrong, gold demand off the hook

Bullion dealers are telling him phones are ringing off the hook and demand is incredible.

MINING.com Editor | April 9, 2012 | 3:19 pm

India, US jobs news should lift gold next week

June gold contracts ended the holiday shortened week at $1,632 an ounce, but the end of Indian strike and disappointing news out on Friday – a day the markets were closed and could not react – about job growth in the US should provide stimulus for renewed interest in the yellow metal.

MINING.com Editor | April 6, 2012 | 9:00 pm

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