The technique, known as biomining, is already being tested here on Earth as a sustainable treatment of ores and mine waste.
The firm expects production at Ferrobamba, one of the four deposits that make up Las Bambas project, to start early next year.
The smart money is waiting for fire sale prices before jumping into metals and mining. Or worse; has simply lost interest in the sector.
Some crew will be assigned to care and maintenance.
Documents obtained and verified by The Australian, show that Rio Tinto offered Mongolia to forsake a “net smelter return” of 2% cent of the project’s revenue.
According to futures trading data hedge funds have amassed the largest bullish position since December 2012 when gold was trading above $1,700 an ounce.
Investing in mining equities can get rather complicated but Heiko Ihle, managing director at H.C. Wainwright & Co., says precious metals equity investors need to focus on just three criteria: jurisdiction, management and asset viability.
Hundreds of miners in Kosovo are back on shift following a three-day work stoppage to protest against the Kosovo government, which backtracked on an earlier decision to take control of the Trepca mining complex.
Gold started the new year on a happy note. It jumped up to a five month high…and it’s near a key moving average as some safe haven buying began.
Heavy selling across the board as commodities reach fresh multi-year lows, forecasts are slashed and weakness returns to precious metals.
Organization predicts a rare occurrence in 2015: a decline in all nine commodity indices with industrial metals falling another 5%; precious metals down 3%.
Geology consultants leading the project found the rare earth claim has the highest range of rare earth metals in Peru.
Prosecutors claim the gold company and its top executives are at the centre of a money-laundering scheme involving cocaine traffickers.
Analyst downgrade sinks shares of Vancouver-based owner of fast-expanding polymetallic mines in Peru and Mexico.
The company has been trying for 15 years to get a permit for Rosia Montana, poised to be Europe's biggest gold mine.
December is a period that sees lower levels of exploration and resource announcements, and last month was every bit as disappointing as expected, an SNL report shows.
New evidence has emerged of China's interest in digging for oil, gas a minerals in the frozen continent.
Metals are like horses in a merry-go-round, believes Joe Reagor of ROTH Capital—as some rise, others fall.
The mine generated 20.3 million ounces (moz) of silver contained in concentrates recovered from 1.246 million tonnes of ore at an average grade of 585 grams per tonne (gpt).
Spooked by Swiss bombshell investors snap up more than 23 tonnes in just two days.
Higher grades boost fourth quarter production despite concentrator fire at Oyu Tolgoi in Mongolia.
So where do investors go looking for returns? Eric Coffin suggests gold, both bullion and stocks.
The situation may soon change, as authorities have began talks with the country’s top miners, signalling the possibility of a compromise over the country’s new tax regime.
The move will see the miner taking control of the Borden Gold project in northern Ontario.
The first conference was named the "Diamond Investment Conference."
Silver looks to be on the verge of a major new upleg, finally emerging from the past couple years’ ugly sentiment wasteland. Silver
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