USA Mining News

CHARTS: The gigantic paper market to price gold

The gold market dwarves turnover on the Dow Jones and the S&P 500 combined, German and UK government bonds and even some of the top currency pairs.

AME Announces Departure of President & CEO

The Association for Mineral Exploration (AME) today announced that AME’s President & CEO, Gavin C. Dirom, will be leaving the association this spring to pursue other career opportunities.

Enbridge buys stake in one of Europe’s largest wind parks for $1.7bn

The Hohe See wind park, to be located in the North Sea, has a planned capacity of about 500 megawatts.

Northern Dynasty slams short-seller report as class-suit looms

Rebuttal comes as shareholders launched an investigation over possible false and misleading statements made by the miner about its Pebble copper-gold project in Alaska.

Interest rates, inflation, and Trumpian troubles point up for gold

Gold prices of late have been testing support just under the market, if you will, preparing for a healthy rally into higher territory.

COMET Strategy’s Dr Brett King to accept International Mining Technology Hall of Fame Award on behalf of mining thought leader Ken Lane.

Mr Lane led the way for value based optimisation of the full scope of mining activities and is known and respected the world over.

Here's the latest scoop on Barrick's projects

The company is focusing on assets with the potential to add as much as 1.1 million ounces of gold to its total output beyond 2021.

Trump ends stream protection rule

Coal miners are happy.

Vale resumes sale of remaining fertilizer assets in Brazil

A reworked sale process for plants located in the southeastern city of Cubatão was reportedly launched in recent days.

Fourth quarter surge in shipments of large mining equipment

May signal sustainable market recovery.

Teck swings to profit in Q4 but misses expectations

The firm, North America's No.1 producer of coking coal, benefitted from the price rally — steelmaking coal climbed 155.5% to $207 in the quarter.

Northern Dynasty stock hammered by short-seller report

Shares in the Canadian miner behind the stalled Pebble copper-gold project in Alaska nosedived after a report branded the venture as “worthless.”

Barrick Gold to headline Unearthed mining hackathon event in Toronto

Canadian tech startups, entrepreneurs and innovators will have a unique opportunity to create the next generation of technologies for the mining industry at the first Unearthed hackathon in Toronto.

Freeport halts Grasberg mine, begins sending workers home

The firm has not been able to ship copper from the mine in over a month due to a ban on concentrate exports that kicked in on January 12.

Russian-born billionaire has US rare earths mine in his sights

It's the kind of announcement that will raise hackles among U.S. nationalists and especially those concerned about the loss of control of America's strategic mineral resources.

Gold price holding as U.S. Treasuries dumped in record volumes

If you’re one of the throwback gold enthusiasts likely to now number in the hundreds judging be mainstream media’s portrayal of “gold bugs”, you’re likely enjoying the apparent strength in the gold price currently evident.

Gold miners hammered by metal’s biggest one-day loss this month

Shares in most gold miners fell Monday as the precious metal price dropped more than 1% in early trading and was steadily heading to its largest single-session loss of the month.

Scientist finds three new uranium-rich minerals in Utah

The three new minerals, leesite, leószilárdite and redcanyonite, will allow researchers to study how different forms of uranium can propagate in the natural environment.

BHP to spend $2.2bn on US Mad Dog oil project

Expansion has the potential to increase production to 140,000 barrels of oil per day from the about 80,000 barrels it currently generates.

Teck, Suncor up cost of Fort Hills oil sands project

Cost per barrel, however, will remain at about $84,000 per flowing barrel of bitumen.

Investors keep flocking to gold, push metal to three-month high

Gold last up at $1,242.20 an ounce, after hitting $1,245.40 earlier in the day.

Chinese race to grab Barrick’s stake in Super Pit hits roadblock

Minjar Gold is still waiting for Chinese regulatory clearance and hasn’t been able to secure funding for the $1.3 billion deal.

U.S. repeal of mining anti-corruption rules will mean Canadian companies will have much tougher reporting guidelines

The repeal of a U.S. anti-corruption “resource extraction rule,” which passed Congress late last week, leaves Canadian companies with much tougher reporting rules than their American peers, putting the two countries on divergent paths.

These are just 15 ways in which graphene could reshape the world

Everybody seems to love Graphene, the one-atom-thick sheets of carbon that aren't just super flexible, harder than diamond, and stronger than steel, but are also able to conduct electricity better than copper.

Global uncertainties push gold, producers to fresh highs

The NYSE Arca gold miners index, which includes nearly 50 names such as Barrick Gold and Newmont Mining, has gained more than 8.5% in the past week.