Och-Ziff’s partner in Congo paid $100 million in bribes to local authorities over a 10-year period to secure access to mining assets. Bloomberg quotes an anonymous source saying Dan Gertler is that partner.
USA Mining News
The commodity research teams at Macquarie and Barclays, however, are not as optimistic when it comes to potash, aluminum and steel.
Cash from the sale will be used to proceed with the takeover of Spectra Energy and fund other growth projects.
The Canadian company’s plans in the Okanogan County are now on hold.
After seven months of Silver Eagle rationing, the U.S. Mint has released its exclusive 2016 30th Anniversary Silver Eagle proof coins.
Prices above $200 a tonne are suddenly making companies that mine the steel-making commodity more unattractive.
Denver-based Newmont Mining “prioritized eviction and litigation over dialogue” in its fight to acquire Goldman Prize winner Máxima Chaupe’s land in Peru.
Three years ago the mining industry was firmly on the up, with record highs of capital investment.
The equipment maker is currently spending most of its R&D budget in its digital area, which aims to help miners reduce the amount of machinery needed at operations.
The Canada-U.S. region accounted for 39% of all significant gold results announced between July 1 and Sept. 8, 2015.
The late-2014, Saudi-initiated oil-price war may have taken the 'boom' out of the US shale industry as it seriously threatened OPEC market share, but Saudi victory has been elusive: US shale has proven amazingly resilient. The industry has adapted quickly to the new playing field, and the unsung hero of a new uptick in drilling and investment isn't just true grit—it's sand.
Robert McEwen says the metal could trade in a range of $1,700 an ounce to $1,900 by the end of the year.
Montana's Department of Environmental Quality expressed concerns about the Black Butte copper project's potential impacts from tailings.
US markets are a bit of a mess right now. On Friday the S&P lost 53 points or 2.4%. Monday they regained half that ground but Tuesday saw another slide. The Dow made similar moves.
Most investors expect the Fed to put off raising rates, which would keep gold as an attractive asset to buy.
A World Conservation Congress’ motion urges the US government to prevent the granting of permits for large-scale mining.
With the gold markets finally picking up, Nevada Exploration is finally ready to deploy its magic bullet in a big way.
The company now has until Sept. 29 to bid on Freeport-McMoRan Inc's stake in the Tenke Fungurume copper and cobalt mine.
The 980E-4 offers electric truck pedigree, one of the largest payloads available, and an answer to market demand for 400-ton trucks
Visitors are invited to reflect on social inequality whilst they "make use of the fixture individually and privately,” says the museum.
De Beers, the world's biggest diamond producer, warns that many of the challenges affecting the industry last year are likely to continue over the next decade.
Rick Rule sits down with Maurice Jackson to discuss his concerns regarding the United States 1) Debt, 2) Bonds, 3) the Politician’s Solution, 4) and why precious metals is the option that investors need to consider.
The rare coin features the image of Nero and dates to a little over a decade before the destruction of Jerusalem in 70 AD.
The main challenge for mining near-Earth celestial bodies is neither technology nor cost, but simply “convincing people it is realistic,” says Dr. Phil Metzger.
Energy and Mines has released the initial results of the first global rankings of renewables use by mining companies identifying the top 21 mining companies using wind and solar to power their operations.