USA Mining News

Brexit: Gold, metals, markets react as Britain chooses to leave the EU

Gold climbs the most in eight years, while copper and oil fall.

How the Brexit vote will affect the markets

The consequences will likely include a soaring dollar and a falling euro, market volatility and a slide in the prices of some commodities, but Maund has identified ways investors can profit from the chaos.

Harvard scientists find clean, new way of mining rare earths

It is estimated that processing one ton of rare earths these days can generate about 2,000 tons of toxic waste.

Rare earths prices rise as China builds reserves, tackles illegal mining

The global rare earth market is expected to grow from the $1.4 billion it was worth back in 2010 to $4.1 billion by 2017.

Electric vehicles have the potential to be a significant disruptive force for commodities markets

Tesla Model 3 promises to move electric cars from niche to mainstream, spurring larger electric car adoption in transport, according to Wood Mackenzie’s latest research.

Chart of the Week: 'wealth inequality'

Across the board, Americans are finding that the “system” isn’t working for most people in its current state.

Mosaic in talks to acquire Vale fertilizer unit in $3bn deal — report

A cash-and-stock deal is said to be the favourite option at this point, though the parties are also discussing other alternatives.

Gold hits session high of $1,300 as Fed leaves rates unchanged

The metal is up more than 20% this year, but gold mining equities have doubled and the sector as a whole has returned 53%.

Global upstream investment slashed by US$1 trillion since the oil price drop

Wood Mackenzie expects to see further cuts throughout the year and investment levels continue to shrink as more projects are dropped and companies struggle to breakeven.

Turquoise Hill soars on Rio Tinto increasing stake rumours

The mining giant is said to have hired Goldman Sachs as an adviser to look at a two-step wrap-up of the Vancouver-based firm.

Luxembourg invests heavily in space mining

First time a country partners with privates to boost the development of the industry.

Massive Cullinan Dream blue diamond fetches over $25m at auction

Price tag makes it the most expensive fancy intense blue diamond ever sold at auction.

Rio Tinto’s Kennecott wins clean air lawsuit in the US

A federal judge has ruled in favour of the firm in lawsuit over alleged pollution at the company's massive Bingham Canyon copper mine.

Australia recovers lost ground, named world’s top mining investment destination

Canada slipped in the Fraser Institute’s global ranking, while Chile remains the most attractive jurisdiction in Latin America.

US government expected to green-light first private Moon mission

An official endorsement of such mission would pave the way for several other for-profit space ventures currently in the works.

Commodities storming back into bull market

Most analysts believe the commodities market has turned a corner and that prices are unlikely to return to lows seen in the past year.

Coal rides commodities rally in push to 10-month high in Europe

The fuel has rallied 50% since February, when it plunged to the lowest since at least 2007.

Here are the world’s top 10 gold producing mines

This year, global production is expected to level out as project development budgets were slashed during the three-year gold bear market. But with gold prices rebounding, miners are in a good position to be much more profitable.

Caterpillar to present more than machines at MINExpo 2016

Caterpillar will support MINExpo 2016 with an exhibit showcasing machines, technology, expertise and practical knowledge that miners can apply to help address their cost, productivity and efficiency challenges in today’s mining environment.

Joy Global surprises with quarterly profit, shares jump

The results, which surpassed Wall Street expectations, come on the back of a modest increase in service sales and aggressive cost cuts.

Gold down on US manufacturing data, interest speculation

While the metal lost nearly 6% in May, its biggest decline in six months, it is up about 15% so far this year.

Bayer and Planetary Resources to collaborate to improve agriculture with space data

Improving agriculture with crop-specific satellite images.

US coal ash highly rich in rare earths, scientists find

Rare earths content was tested using hydrofluoric acid, which is much stronger and more efficient than industrial methods, but is too hazardous to use on a large scale.

Mounting risks of impairments globally in coal investments

Changes sweeping the electricity sectors in Japan and China suggest a hugely uncertain future for coal-fired power and a rapidly increasing risk of stranded assets.

Russia's Alrosa to hold US, UK investor meetings ahead of stake sale

The Russian government aims to make more than 60 billion roubles ($909 million) from selling a 10.9 percent stake in Alrosa, with the sale taking place on the Moscow Exchange this year.