Gold Mining News

Kenya to set up gold refinery to help small miners

The aim of the project is to improve the livelihoods of the beneficiary community and regional economy - Mining Ministry

Asia Gold-India festival demand dims as price rally bites

Gold demand in this years Dusherra falls by 40% in some pockets.

Nova Scotia needs $19.5m to unlock mineral potential

The mining and quarrying industry is seeking government funding for an airborne geophysical survey program, considered an essential tool for attracting investment and job creation to the province.

China's Shandong Zhaojin seeks South American mining assets

The company has set up a representative office in Machala, capital of Ecuador's El Oro province, historically a gold-producing region, and will use this as a base to participate in South American projects.

China's Zijin sees 2018 gold output at about 37 tonnes

The company's gold output will be flat or a little lower than last year, Zijin Chairman Chen Jinghe told Reuters on the sidelines of a conference in Tianjin.

Scotland closer to having its first commercial gold mine

Scotgold Resources has submitted the last application to secure planning permits for its Cononish project, near Tyndrum.

A gold-hungry bug opens door for more efficient biofuels

A bacterium is capable of producing solar fuels when fed with gold.

Hedge funds reeling from gold jump have five charts to watch

Hedge funds that doubled down on bearish gold wagers are facing a gut check.

These ten mines will make money – even if gold price falls to $550

Nevada gold mines keep "rocking the boat."

Gold festival demand in top buyer hits hurdle as prices jump

If this trend continues, then it’s going to be a dampener.

Tanzania anti-corruption body charges Acacia subsidiaries with tax evasion, money laundering

The news comes barely a week after the company said another worker had been released on bail after being charged with corruption.

Hochschild Mining raises annual production target

Hochschild Mining Plc on Wednesday raised its annual output target and forecast lower mining costs, as its Inmaculada mine in Peru produced higher grade ore.

Hungary boosts gold reserves 10-fold, citing safety concerns

Hungary’s central bank increased its gold reserves 10-fold, citing the need to improve its holdings’ safety, joining regional peers with relatively high ownership in the European Union’s east.

Second activist targets Detour; seeks board changes

US hedge fund Livermore Partners is calling for an overhaul of the board at Detour Gold Corp and a strategic review, becoming the second activist to target the Canadian mining company.

A golden escape  

The oil price is rising due to the upcoming restrictions on the sale of Iranian oil - the second of a two-part set of sanctions imposed on the Middle Eastern power following the Trump Administration’s decision in May to withdraw from the Joint Comprehensive Plan of Action (JCPA).

DRA sets gold standard on Elikhulu

Diversified global engineering, project delivery and operations management group, DRA Global (“DRA”), partnered JSE Listed Pan African Resources [JSE: PAN] in completing its R1.74 billion Elikhulu tailings retreatment project in Evander, Mpumalanga, within budget and ahead of schedule.

Rio Tinto delays start of Oyu Tolgoi expansion due to technical issues

First production from the $5.3 billion underground expansion of Oyu Tolgoi was originally scheduled for early 2020.

BHP raises stake in promising Ecuador copper project

BHP has agreed to pay 45 pence per SolGold share.

Anglo Asian's Azerbaijan gold output rises 47% in Q3

Azerbaijan's leading gold mining firm said it produced 21,318 ounces of the metal in the last quarter, against 14,468 ounces in the same period of last year.

Mineral industry needs to change its exploration and financing model if dearth of green fields discoveries to be overcome

Australia’s chronic shortage of Greenfields mineral discoveries can only be overcome by changing the sector’s exploration, financing and training models, according to a keynote speaker at a major international geoscience forum.

Rally erupted in gold market days after bears made big bet

For a measure of how much last week’s surge in gold prices may have caught the market by surprise, consider that hedge funds had just made their biggest-ever bearish wager on the metal days before.

Mining at Gold Road and Gold Fields JV in Australia to start next month

Overall project engineering at the 270,000 ounce-a-year Guyere gold project, which is already more than A$100 million over its original budget of A$507 million, is now 96 percent complete

B.C’s historical Kootenay-Boundary district mining region gathers attention

Golden Dawn Minerals, KG Exploration Inc. and GGX Gold Corp. are among the companies setting foot in the area.

US develops new gold-silver alloy for military use

A new gold-silver alloy was created with the idea of lightening the load and enhance the power of devices used by soldiers.