If a deal wasn't reached by December 15, the company was not going to be able to compensate local employees.
Gold Mining News
Panel of investment banks and research houses forecast declines in copper, zinc, lead and palladium prices in 2018.
The Russian company says more than twenty large rough diamonds over 50 carats have been extracted from its Jubilee pipe.
After years of near-death experiences, the story of Lonmin Plc is finally over.
Gold demand in most Asian centres firmed this week, spurred on by a dip in prices although buyers in the world's second-biggest consumer India held off buying in the hope of further falls.
On Friday, KGHM said it was considering next step after BC said it would not issue an environmental certificate for its Ajax copper and gold mine.
Under the contract with Lundin, Finning will supply 70 pieces of heavy mining vehicles and machinery for Lundin’s mine complex in Chile.
John Reade, Chief Market Strategist at the World Gold Council, explains several reasons to believe that gold could maintain an upward trajectory.
By a 7-2 vote, the Fed on Wednesday raised the benchmark lending rate by a quarter percentage point, its third hike this year.
Sula Iron and Gold plans to change name to African Battery Metals, reflecting a shift in focus after buying controlling stake in cobalt license stake in DRC.
This is the second deal the Chilean miner signs with Vancouver-based Evrim Resource.
While bitcoin has shown greater volatility and lower liquidity compared to gold, the $275bn market value of bitcoin is dwarfed by gold’s $8.3 trillion.
Gold nanorods are becoming more and more used in the production of security materials, as well as diagnostics, imaging, and cancer therapy equipment.
A protest action took place in Vancouver the same day Almaden Minerals announced the completion of a social impact assessment for its Ixtaca project in Mexico.
Jaxon is set to advance significant discoveries in BC’s Golden Triangle and Skeena Arch.
East Africa Metals submitted two mining licence applications for sites located in the Tigray National Regional State, Ethiopia.
Raw materials in 2016 scrap worth an estimated $64.61 billion, including metals such as gold, silver, copper, platinum and palladium, U.N.-backed study said.
The RJC conducted a months-long sustainability audit.
The New York Fed created a new inflation gauge. What does it mean for the gold market?
Gold Fields Ltd.’s unit in Ghana said it will dismiss 1,500 of its own staff as the company is hiring a contractor to operate its biggest mine in the nation.
In face of rapidly changing world, gold investors appear to be focusing more on strength of the global economy and are becoming less sensitive to turmoil.
Initial work at the Santa Cruz site started back in 2009.
A report released today documents human rights abuse tied to a Canadian mine in Brazil, a project operated by a subsidiary of Kinross Gold.
Gold price under renewed pressure as managed money speculators up shorts – bets that gold can be bought back at a lower price in future – three-fold.
Monday, mining companies in the DRC said that proposed changes to mining code adopted by lower house of parliament would do lasting damage to investment.