Michael Willoughby has been named co-head of metals and mining for the region at Standard Chartered and will be based in Singapore, sources said.
Gold Mining News
The transaction would create the world’s No.2 platinum producer as Lonmin is the world’s third-largest while Sibanye-Stillwater is the fourth.
The miner said the discoveries represent an important advance in defining bedrock-hosted high-grade gold mineralization, necessary to yield the unique world-class gold grain-in-till dispersal apron that the property hosts.
The Canadian miner said it wasn’t aware of any "material change" that would account for the sharp price rise in its stock on Thursday and into early trading on Friday.
Shares of Iamgold were halted in Toronto after climbing as much as 11%, valuing the company at about C$1.7 billion ($1.2 billion).
Although most of the precious metals sector has trended lower in recent months, gold has held up well.
The BC mining sector posted positive results for the second consecutive year.
Gold output rose 22% in 2018 to 72,798 ounces from 59,617 ounces in 2017.
The drama surrounding the rescue of two men trapped in an Australian gold mine in 2006 has unearthed an unlikely star -- Bill Shorten, a union leader who’s now poised to become the nation’s prime minister.
Zimbabwe’s biggest gold producer sued the country’s central bank for $132m because it has been paying for the metal in a local quasi-currency rather than US dollars.
Recent discoveries in the area included IAMGOLD’s 10 million oz and growing Cote Gold project and Pan American Silver’s 3 million oz Juby project.
A total of 33,233 tonnes of ore with a reconciled average grade of 18.49 g/t gold containing 19,755 oz. gold were processed at the Camflo Mill.
Miner logged a pre-tax loss for the period of £352,553, compared to a £602,678 loss a year before, as administrative expenses almost halved.
The latest results are more favorable than the 59% gold recovery used in a preliminary economic assessment completed in October 2018.
The Rossland gold project is located within the third largest mining camp in British Columbia.
Moves gives Aussie miner access to the Moose River gold complex in Nova Scotia, Canada, which comprises one producing open-pit and three other development projects.
The key executives behind Goldcorp's Coffee gold project are back, this time leading a new junior miner called Tectonic Metals Inc.
The company recorded net income of $3.3m on $36m in revenue during the past quarter, compared with a net loss of $3.5m on $37m in revenue during the year-ago quarter.
Highlights include an intercept of 2.57 g/t gold over 14.5 metres.
The QRC has welcomed the state government’s decision to grant Resolute Mining nine new mining leases as part of a $150m project to extend the life of its Ravenswood gold mine.
The introduction of new, tougher standards point to a harsher, less forgiving approach to enforcement and larger fines for mining companies that fail to complain to regulations as well as environmental and social expectations.
British Columbia’s top mining companies have been on a roller-coaster ride over the past five years.
The gold mining industry that built South Africa and produced about half of the yellow metal that’s ever been dug up seems now to be in terminal decline.
The Mining Association of Nova Scotia (MANS) will be holding the first ever Nova Scotia Gold Show in Halifax this October.
SailingStone Capital, the second largest shareholder in Rio Tinto- controlled Turquoise Hill is expected to vote against the re-election of the Canadian miner’s board members this week.