USA Mining News

Investors applaud Yamana Gold’s Q4 results

Yamana Gold’s stock was up 4.65% in after hours trading.

Copper price slides despite Chinese imports at record pace

US-China trade spat benefitting copper miners as tariffs on scrap imports boost concentrate shipments 17% to nearly 2m tonnes.

First Cobalt extends mineralization at Iron Creek in Idaho

Iron Creek contains 26.9 million inferred tonnes grading 0.08% cobalt and 0.3% copper for 46.2 million lb. cobalt and 176.2 million lb. copper.

BHP's board approves funding for BP-led U.S. oil project

The $696m move comes about a month after London-listed oil and gas major BP discovered further oil prospects in the Gulf of Mexico.

Barrick Gold posts $1.2 billion quarterly loss, sees cost rising in 2019

The company pinned the cost increases partly on mining ending at its low-cost Cortez Hills open pit in Nevada in the first half of the year.

Teck misses Q4 profit estimates on lower copper, zinc and oil prices

Canada’s largest diversified miner saw its quarterly profit drop 41.5 % from the year earlier, amid lower prices for copper, zinc and oil.

Northern Star shares up on better-than-expected exploration results at Alaska mine

The company’s stock closed Tuesday in Sydney 1.82% higher at A$8.97 on the news.

Central bank gold demand spikes to highest in nearly 50 years!

Perhaps it is no coincidence that the New York Fed made a stunning admission this week that the US dollar could lose its reserve status.

As Maduro digs in, his aides hunt for emergency escape route

Nicolas Maduro is under pressure at home and abroad, and being encouraged by the U.S. to go to “a nice beach somewhere far from Venezuela.” The question is where would -- or could -- he go?

First US coal plant in years opens where no options exist

To boost coal use in the US: Find a spot near a mine with no access to oil or natural gas pipelines, where it’s not particularly windy and it’s dark much of the year.

Global aluminium market to remain undersupplied over coming years — report

While there are deficits ahead, the global aluminium demand picture will improve.

Arconic to split into two after rebuffing Apollo offer

Arconic has been under pressure from its biggest shareholder Elliott Management Corp to sell itself.

US Steel wins tax breaks from one of America's poorest cities

"The 50% tax cut for U.S. Steel to stay in Gary is not going to cause a population growth and employment opportunities."

Steelmaker Voestalpine tones down expectations after Q3 loss

The European steel sector is navigating choppy waters as the car industry is slowing and pressure on oil prices has dampened demand from the oil equipment industry.

Trilogy Metals, South32 increase exploration budget for Alaska projects

Each company will contribute an additional $1 million for exploration at the Upper Kobuk mineral projects.

Crown Mining takes over California's Light's Creek Copper District

The company staked 35 new claims that cover potential extensions to the high-grade ore previously mined at the site.

Bank Of America: Oil demand growth to hit zero within a decade

By 2030, oil demand could hit a peak and then enter decline.

Iron ore prices reach almost two-year high

Analysts believe the price surge lines up with the market halting up to 40 million metric tonnes of Vale’s iron ore production.

Gold price: ETF inflows reach $100m a day

US government shutdown means we don’t know how hedge funds are positioning themselves, but everyone else seems to be piling into gold.

Megafactories buildout could up nickel demand in batteries 19 fold—Benchmark

Benchmark's MD Simon Moore told the Senate Committee on energy that 70 battery megafactories are in global production – up from 17 .

The new Cold War and gold

The best defense against the repercussions of a mounting pile of debt, and the new cold war, is to own gold - the traditional safe haven.

Ford says carmakers may need to invest in cobalt mines soon

Carmakers may have to consider investing directly in cobalt mines in order to secure supply over the next three to five years, according to ord Motor Co. senior manager for energy storage strategy and research Ted Miller.

Diamond prices sliding – report

1-carat stones fell by 0.4% last month and 1.8% compared to January 2018.

Port yanks permit for coal terminal

With the permit cancelled, it is hard to see how the Fraser Surrey Docks coal project could ever end up being built.