Gold Mining News

Indonesia's Inalum expects to line up Freeport sale bank financing soon

Indonesia's state mining holding company expects to reach an agreement soon on bank financing to buy a controlling stake in the local unit of Freeport McMoran Inc.

Congo set to overtake US as world no 4 copper producer

DRC's resolve to overhaul mining code shouldn't have surprised the industry – Kinshasa's become too important to global supply for companies to pull sticks.

Please introduce yourself, Mr. Powell. Gold awaits you

There is a risk that the Fed’s forecast will be more aggressive, but the fears of a hawkish revolution may be a bit overblown.

South Africa black ownership to roll out in May

Newly appointed Minister of Mineral Resources Gwede Mantashe said the key to regain investors and miners confidence in the South Africa’s mining sector was to finalize revised plans for black ownership in the industry in the coming weeks.

B2Gold says Mali’s new code won’t affect its Fekola mine

The Canadian miner says any contemplated amendments in a new mining code will not apply to Fekola without its consent.

Russia's top gold miner wants to become global player in antimony market

Polyus aims for up to 15% of global market od antimony, a metal used primarily in fire retardants and batteries.

Marijuana is the new gold as former Canada miners go to pot

Turns out, it may be easier to strike gold by growing green.

Swiss seize bank accounts amid probe linked to Rio Tinto Mongolia mine

The Swiss attorney general’s office launched its probe in 2016, court documents show.

Total Eren targets Africa's power-starved mining sector

Renewable energy company Total Eren said on Monday it had opened the world's largest solar-thermal hybrid plant in Burkina Faso.

Congo state miner curbs expectations about code concessions

The operators are pressing the government to row back on some of the reforms President Joseph Kabila signed into law this month.

Newcrest, Harmony joint venture in PNG to cost an extra $1bn upfront

But according to the updated feasibility study total capital expenditure for the life of Wafi-Golpu mine will fall by about the same amount to $5.5 billion.

Zimbabwe changes majority black ownership for diamond, platinum mines

The mpowerment laws now limit majority ownership by state miners only to the diamond and platinum sectors, as oppose to the entire mining sector.

Mali says negotiating mining code revision but could act unilaterally

Mali's government is negotiating with mining companies to draft a new mining code but will move to implement a new law unilaterally if no compromise is reached, the West African country's economy minister said. Many […]

Egypt’s sole gold-exporting mine reports high profits

January profits for the Sukari gold mine are making headlines in the country.

EPA not happy with Canadian miner’s zinc-gold project in Michigan

The project is being proposed by Toronto-based Aquila Resources.

EPA may be overstating claims from the Gold King mine spill

According to AP, an Albuquerque law firm filed 13 claims totalling $120 million, but a recently released EPA spreadsheet says it was 14 claims totalling $220 million.

Gold price calm to shatter as geopolitical crisis index hits 15-year high

Geopolitical turmoil not piercing bullion markets yet – gold in tightest weekly trading range in percentage terms since 2012; in dollar terms since 2007.

Mali says negotiating mining code revision but could act unilaterally

Many mines in Mali, Africa's third-largest gold producer, are protected from changes to the fiscal regime for 30 years.

Mongolia Oyu Tolgoi copper mine 2017 revenue drops 22% as construction delays weigh

Oyu Tolgoi booked $939.8 million in revenue for 2017, down from $1.2 billion the previous year.

Asia Gold-India prices discounted as festival fails to lure buyers

Dealers in India were offering a discount of up to $3 an ounce over official domestic prices, unchanged from last week.

Gold miners’ Q4’17 fundamentals

The major gold miners’ recently-released Q4’17 results prove they are thriving, despite their languishing stock prices.

Venezuela gold reserve value falls 14% in 2017

Gold now represents just under 70 per cent of the Central Bank's international reserves.

Three tonnes of dore bars strewn across runway at Russian airport

Dore bars fell from the sky.

Sprott gold report: gold resilient despite market volatility

For the month of February, gold equities declined 10.10%, while gold bullion fell a modest 2.08%, as measured by GLD.

Big miners arrive in the DRC to go over new mining code

The companies have just resigned from the Congolese Chamber of Commerce.