USA Mining News

New Islamic banking rules make gold an accepted investment

Transactions must be fully backed by physical metal and settled on the same day to observe Islam's distinction between real economic activity and speculation.

Gold’s slim price recovery this year boosts supply fears

Situation has worsened as a result of a shortage of new discoveries, cost cutting measures and miners digging out higher-grade material for a short-term gain, say experts.

World’s longest traffic jam points to Mongolia recovery

Over 60 kilometers, they line up: truck after truck, after truck. Nearly every one of them is laden with coal.

Copper price: Warnings over US trade with China, Mexico

Moody's says base-metals will come under pressure in 2017 – and that includes the zinc price.

Hedge funds make $5 billion bet on rising copper price

Large scale speculators in copper futures lift bullish positioning to unprecedented 2 billion pounds.

EPA’s proposed financial responsibility rule for miners a ‘job killer’ — industry

Norm aims at ensuring that hard-rock mining companies can pay the costs of cleaning up their mines, says EPA.

Barrick announces final results and settlement of $650 million debt tender offer

Barrick Gold Corporation announced today the final results and settlement of its $650 million cash tender offer for specified series of outstanding notes. The terms and conditions of the Tender Offer were described in an offer to purchase and the related letter of transmittal, each dated November 2, 2016.

Juniors crashed by gold slump

The junior gold miners’ and explorers’ stocks have been crushed in recent months, collateral damage from enormous gold-futures selling.

CHART: Trump slump for gold mining stocks

The world's largest gold producers have lost a collective $15 billion in market value since Donald Trump's election as US president.

Gold price hit by fresh weakness

Strong dollar, imminent rate hike in US sends gold price to 10-month low.

Study: Private capital investment in US coal is over

At over $43 billion, 2016 is set to be a record year for raising capital to invest in North America's energy sector, but not a single fund is targeting coal.

Gold set to record its worst month in three years

The precious metal shed nearly 8% in November.

Mining accidents in China to spike as country digs more coal

In the last week alone, seven miners have been killed and 22 others remain trapped, following two accidents in local coal operations.

Hedge funds have never been this bullish about copper price

Managed money speculators in copper futures in New York go long 1.9 billion pounds of copper – 55% more than the previous record.

Trump infrastructure bump forecast for global economy

New report predicts US infrastructure spending promised by president-elect could propel global growth to highest since 2011 further boosting metals demand.

CHARTS: Gold miners to hike investment in 2017

Project funding would be main priority, says Moody’s.

Alpha Natural execs. face fraud charges for failing to disclose $100M in liabilities

Regulators argue the undisclosed liabilities increase the probability that the state will be left with claims under the surface-mining and other environmental laws.

Gold price fights back – touches $1,200

But ETF investors continue to pull out – GLD has lost 65 tonnes since Trump victory.

China risks wasting $490 billion on unneeded coal plants — study

Slowing power demand growth and low carbon capacity targets in China's latest five-year plan are found to be squeezing coal generation out of the power mix.

South32 looking for more coking coal mines

The company, however, has decided to stay away from thermal coal assets due mainly to uncertainties over demand linked to climate concerns.

Donald Trump’s stock in Dakota Access oil pipeline company prompts concern

Trump’s investments could affect any decision he makes on the US$3.8 billion project as president.

Dr. Copper hints mining sector officially out of intensive care

Prices for the metal soared again Thursday to more than $5,700 a tonne.

Potash Corp cuts production, lays off 140 from Cory mine

The company also said it expects layoffs resulting from temporary production halts at its Lanigan and Allan mines in early 2017.

Dollar knocks gold price below $1,200

A resilient dollar extended its rally thanks to strong US economic data that further made a Federal Reserve interest-rate increase next month as certain as death and taxes.

Oil consumption outlook fuels further pipeline debate

Fossil-fuel-free future far off as world demand to increase, says the International Energy Agency.