News

More disappointment in Luna Gold mine ramp-up

Luna Gold had little cheery news to report in an update of its production guidance. It dropped its gold production forecast from a range of 85,000 to 95,000 ounces gold in 2014 to 75,000 to 80,000 ounces gold and meantime signaled that it would shelve expansion plans amidst cost over runs. It also forecast that cash costs would be higher than it previously expected: $915 to $1,010 an ounce gold

Greenpeace worries on EU lignite mining expansions

The expansion of lignite (brown coal) mining in the EU could add 118 Mt to its annual carbon dioxide (CO2) emissions – nearly half Spain’s CO2 output in 2012 – according to analysis by Energydesk and Greenpeace. The analysis found that around 10% of the EU’s total CO2 emissions come from burning lignite, which releases more CO2 and other pollutants than hard coal. The data comes as EU leaders prepare