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New Dawn closes Dalny Mine

New Dawn Mining has announced the shutting down of its Danly mine in Zimbabwe, effective of August 30, 2013. TSX-listed New Dawn Mining, a junior gold mining company operating in Zimbabwe, closed the Zimbabwe operating subsidiary, Falcon Gold...

AngloGold Ashanti looks to save up to US$482m

AngloGold Ashanti is looking at potential savings and efficiency improvements up US$482m next year to help improve operating margins. The company stated this in when posting its solid operating Q2 results. Production for the three months to June 30...
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Lower grades, higher costs for copper production

The copper mining industry’s capital and operating costs are being pushed up through a combination of lower grades and higher costs. Higher costs include higher taxation, royalty, and environmental approval costs. This is according to SNL Metals...