Gold Mining News

Russia dumps treasuries for gold in pivot after sanctions scare

The country cut its holdings of Treasuries nearly in half in April as Washington slapped the harshest sanctions to date on a selection of Russian companies and individuals.

Gold street is where South Africa’s mining history goes to die

Additional cuts are to come across mines and towns in South Africa, once the world’s biggest producer of gold.

Brixton Metals spins out cobalt assets

Welcome to Cobalt Street.

Former mine workers and dependents can now register interest in historic silicosis/TB settlement

The historic settlement was reached on 3 May 2018, after three years of extensive negotiations, between the companies and the claimants’ attorneys.

South African miners say free carry will kill new projects

The industry argues that the free carry -- which means the respective groups don’t have to buy their shares or pay their way -- will make new developments even less likely.

Barrick Gold walks away from Guyana joint venture project

Alicanto Minerals will retain 100% of Arakaka gold project.

China marks cobalt, copper ascendancy in Congo with new group

The 35-member union includes China Molybdenum Co.-controlled Tenke Fungurume Mining and MMG Ltd., as well as subsidiaries of China Nonferrous Metal Mining Group and Huayou Cobalt Co. Sicomines, among others.

Mystery Russian gold mine investor revealed as crypto executive

One of the strangest stories in the mining industry this year has been the battle between Russian gold miner Petropavlovsk Plc and its activist, mystery shareholders.

S.African lobby group opposes parts of new draft mining charter

The Minerals Council South Africa said it does not support some elements in the latest draft of an industry charter.

Almost half of deadly mine accidents in South Africa happened at Sibanye-Stillwater sites: Minister

Gwede Mantashe said that 20 out of 45 mining deaths reported since the start of 2018 have taken place at Sibanye-Stillwater’s mining sites.

EPA to clean up wastewater at 26 Colorado mines

The selected areas are known for presenting high levels of aluminum, cadmium, copper, iron, lead and/or zinc.

Landslide at Honduran mine kills four

Four people died and five were injured following a landslide at an artisanal gold mine in the town of El Retiro.

Mine workers must embrace technology to use it successfully

The best new technology workers are the people who embrace it, says Mark Fawcett, a Partner at IBM.

Gold Bullish on Fed Hike 3

Gold weathered the Federal Reserve’s 7th rate hike of this cycle this week. 

Trump trade war blows up big week for mining majors

A week choc-a-bloc with billion dollar copper, iron ore and cobalt deals ends with huge drop in prices and sell-off in stocks of mining's biggest names.

South Africa's new mining charter to credit past black deals

The charter produced in 2017, drafted by previous Minerals Minister Mosebenzi Zwane, threatened as many as 100,000 jobs.

The future of gold exploration is under cover

In the world’s most prolific gold jurisdictions, there are massive amounts of land that have not yet been explored because of cover.

Romania says Gabriel Resources $4.4bn lawsuit over halted project can’t be heard by arbitrators

Country alleges a court decision had slammed the door on certain investment arbitration cases involving European Union members, so Gabriel’s case can’t be solved that way any longer.

South Africa's Sibanye confirms all five missing miners’ dead

Sibanye-Stillwater has recovered the body of the fifth and final missing mine worker after a three-day search.

RANKED: Commodities that are added to mining company names

No surprise who the winner is.

Nevsun extends life of its Bisha mine in Eritrea until the end of 2022

Decision gives 18 months more than planned to the operation, which would result in additional production of 470 million pounds of zinc and 52 million pounds of copper during that period.

Erdene becomes first cross-listed firm on the Mongolian Stock Exchange

The listing also makes Erdene the only precious metals exploration and development company currently registered on the exchange.

Brazil's new mining code rules rolled out

The new rules are a clear effort to improve the current legislation as seamlessly as possible, but in close attention to the international industry dynamics and to a number of other sensitive issues (such as environmental recovery and security).