The global industry isn’t replacing the reserves it’s been mining, according to Stephen Letwin, chief executive officer at Iamgold Corp.
Gold Mining News
This month Indians will be celebrating the annual festival of Akshaya Tritiya, when buying gold is considered auspicious.
Koza Altin is one of hundreds of companies seized by the Turkish authorities and is now managed by the Savings Deposit Insurance Fund.
Move aims at boosting investment and local ownership of the country's vast mineral resources.
Altamira Gold is mimicking big players' strategies in the Juruena Belt.
Trend is likely to continue says new gold mining industry study.
Uncertainty around the Mining Charter and ownership levels have deterred investment in a sector that accounts for 8% of the country's economic output.
“A contributor to this performance in 2018 has been the underperformance of the royalty companies, which the fund has some exposure to."
Company now owns 90% of Compañía Minera Teck Quebrada Blanca, which main asset is the namesake copper project in Northern Chile.
Mining companies saw its shares plummet along with metal prices on Wednesday as China announced additional tariffs on US products, a move experts say is likely to heighten global concerns of a tit-for-tat trade war between the world's biggest economies.
Ruling rejects the Greek State's motion that Eldorado's technical study for a metallurgy plant in the country’s Stratoni Valley, was in breach of any agreements between the parts.
Ramp-up of operations at the Sissingué gold mine was completed ahead of schedule.
Randgold shares are now among the worst in the industry, sinking 20 percent so far this year.
South African engineering and construction group, currently subject of a takeover bid from Germany’s ATON, said projects were located in sub-Saharan Africa, North America and Australasia.
Cobalt, nickel still on the boil, but gloomier outlook reflected in copper price and fall in market value of top mining companies during first quarter.
Permit allows Oz Minerals to start phase two of construction at Carrapateena copper-gold project, in South Australia, this month.
Recurrent industrial action by the workforce of a subcontractor it's jeopardizing Tongon's 290,000-ounce production forecast.
Gold was seemingly on course for its highest quarterly close since 2012 until it reversed back below quarterly resistance at $1330/oz.
The 420-hectare property is located in the New Westminster Mining Division of southwestern British Columbia.
BMI presents the recent changes to the DRC’s mining code as an example of a situation that challenges all the parties involved, but that is very unlikely to cloud miners’ interest in venturing in the country.
A Mongolian former finance minister, Bayartsogt Sangajav, has been arrested as part of an investigation into suspected abuse of power during investment talks for the giant Oyu Tolgoi copper mine in 2009.
They want to operate under conditions that allow them to take better care of the environment and contribute to the local economy.
Mining at the site stopped in April 2015 when a major slip and a rockfall affected the area.
Mugabe was touring the farm when she ran into the miners.
“Despite the best efforts of both parties, negotiations failed to define a viable transaction," management said in a media statement.