USA Mining News

How Tesla and Google jets could enrich a money-losing gold miner

Long-struggling Comstock Mining Inc. is selling a 98-acre patch of land next to the Silver Springs Airport outside Reno, Nevada.

35 minerals absolutely critical to US security

The list includes minerals that are important for defense, economic, and industrial purposes.

USD and Gold cycles

There were only four cycles compared to six in the US dollar: two gold bull markets and two gold bear markets.

Gold oddly remains out of favor

The fear, anxiety, and apathy still plaguing gold lies in the psychology of gold’s two primary driving forces, futures speculators and stock investors.

Century Aluminum CEO: will recall workers if Trump imposes tariffs

The Commerce Department last week revealed its import restriction options for Trump, including a 7.7% global aluminum tariff on products from all countries.

Deal wizard of South African gold mining is scaring investors

Investors might be running out of patience with Sibanye Gold Ltd.’s colorful chief executive, Neal Froneman.

Rio to build power plant at Oyu Tolgoi copper-gold mine in Mongolia

Move would add further costs to an ongoing $5.3 billion underground expansion of the massive mine.

Gold bulls, brace yourselves – Fed hikes are coming!

Gold may stay under pressure, especially that political uncertainty related to the Italian national election is likely to weigh on the euro in the near term.

US copper stocks sprint to record high, reflecting transport costs, weak demand

Copper stocks held in warehouses registered with COMEX in the United States stand at 228,428 tonnes, up from below 90,000 tonnes at the start of 2017.

Barrick to hike gold output as Newmont gets too close to being world’s top producer

Miner is advancing a pipeline of projects expected to contribute more than 1 million ounces of annual production starting in 2021.

Barrick clings to top gold miner title as Newmont falls short

About 50,000 ounces — roughly 125 gold bars — is all that stands in the way of Newmont overtaking Barrick as world's No.1 bullion miner.

Canada the world's overall top mining destination, despite Saskatchewan fall

That's considering the combined rankings of all its provinces and territories, but Finland is the most attractive jurisdiction this year.

Compass Minerals lays off workers at world’s largest underground salt mine

Goderich has undergone a modernization process in the past six years, which requires less manual labour.

Fremont to acquire property in world’s second richest gold province

Barrick Gold’s Goldstrike mine complex and Newmont’s North and South Carlin complexes are located in this area.

Apple in talks to buy cobalt directly from miners — report

Electronics and car makers are racing to lock in supply agreements for cobalt amid fears of shortage.

Gold price drops most since December 2016

Financial market volatility spreads to gold.

Stock market volatility is already on the rise

Combined with worries about inflation and erroneous trade and fiscal policies, it may prompt investors to purchase some safe-havens, such as gold.

BHP sees faster shale sale in race to exit $10 billion unit

The company expects initial bids for the assets in the June quarter, according to a statement Tuesday.

BHP CEO will meet with activist Elliott to discuss demands

BHP’s first-half results missed analysts’ expectations and the shares fell 4.6 percent, on pace for the biggest daily drop since April.

Barrick exec. to chair Global Mining Standards and Guidelines Group

Barrick Gold’s Chief Innovation Officer, Michelle Ash, will become the new Chair of GMSG in May 2018.

NovaGold up on better-than-expected drilling results for Alaska mega-project

Mineralized intercepts encountered higher grades than predicted by previous modeling, said the project owners NovaGold and Barrick.

Undersea mining's bizarre origins – a CIA cold war plot

BBC report details 1974 CIA operation to salvage Soviet submarine carrying nuclear missiles under guise of a Howard Hughes-financed seabed manganese mine.

Mosaic says quarterly revenue rises 12 pct

Company said rising potash and phosphate prices boosted net sales.

Moody's bullish on base metals, US steel

Base metals should continue to do well in 2018 along with the US steel industry, though American coal will continue to lose ground to natural gas. 

This coal miner shows limits of Trump's bid to rescue industry

To understand the big challenge facing U.S. coal miners, look no further than Cloud Peak Energy Inc.