USA Mining News

Potash Corp confirms merger talks with Agrium, shares halted

A tie-up could produce a fertilizer giant worth more than $30 billion.

Equal opportunity distribution through asset financing in mining equipment market

Between lessor and lessee in the growing mining equipment market, an asset manager acts as the lynchpin.

Late-August calm a breeding ground for bullion bank shenanigans

Precious metals specialist discusses the recent correction in the gold market and the moves by bullion banks behind them.

Ignore Yellen and buy the dip in precious metals

Friday morning FED chair Yellen finally opened her mouth and said a whole lot of nothing.

Whether Clinton or Trump wins the election, US coal’s future is dark

Whether Clinton or Trump wins the US election, the coal sector will continue its decline, but steel may improve with a Democrat win.

Higher gold price will add 10m annual ounces by 2020

The world is far from reaching peak gold – miners are making the most of a rising gold price to bring giant projects on stream before the end of the decade.

Kinross Gold halts Maricunga mine in Chile, lays off 300 workers

Suspension of Maricunga comes earlier than planned after a court upheld the country’s regulator decision to shut down the water system linked to the mine over environmental concerns.

Cat® Hard Rock Mining business unit expands Underground Truck Design portfolio

The agreement will provide Caterpillar with additional design options in the 20-metric-tonnes and smaller payload class.

OPEC's output freeze: What has changed since Doha?

It's possible that OPEC is crying wolf with hints of an output freeze next month in Algiers; but it's also possible that they are ramping up production to take the sting out of a freeze.

More companies confirm departure from coal lobby group ACCCE

Two more coal companies have confirmed their departure from the American Coalition for Clean Coal Electricity (ACCCE) this month.

Alight Mining Solutions Team Revives SME Northern California Section

Kevin Moran, Alight Mining Solutions Professional Services Consultant, has been elected Chairperson for the Northern California Section of the Society for Mining, Metallurgy and Exploration.

These Olympian gold royalty companies are insanely attractive

Frank Holmes says royalty and streaming companies show great opportunity on the upside but avoid many of the risks that explorers and producers must deal with.

Saudis ramping up oil output to gain leverage in OPEC talks

Saudi Arabia suggests it may be increasing its August crude output to a new all-time high as it could give it more leverage to influence the September informal talks on a possible production freeze, Reuters reported on Wednesday, citing industry sources.

If you own no gold, you may want to buy some — Jeffrey Nichols

Nichols, a senior economic advisor to precious metals asset firm Rosland Capital, is on board of the bull wagon — he expects the metal price to rise before Jan 1. 2017.

It's time for the stock market crash – ­all three major US Indices have broken record highs

The last time the S&P 500, Dow Jones Industrial Average (DJIA), and NASDAQ closed simultaneously at record highs, each index tumbled for the next 2.5 years: -40.33%, 25.04%, and -75.04%, respectively.

Here’s why silver is crushing gold — Pan American Silver CEO

Silver is up 40% to date, while gold has only gained about 28%.

Premier Gold Mines strengthens senior management team

Charles Ronkos has joined the company as Executive Vice-President, Project Development - Americas.

Soros cashes in as Barrick posts best-ever first half rally

Soros Fund, which took a $263.7 million stake in Barrick Gold Corp. in the first quarter, cut its holdings in the world’s biggest producer of the metal by 94% in the ensuing three months.

US solar industry hailed as ‘light at end of tunnel’ for jobless coal miners

Study argues it would be cheap and simple to retrain coal workers for solar jobs.

Here is how fertilizers drive food prices

Study shows that, in the long run, a doubling of fertilizer prices leads to a 44% increase in food prices.

Asteroid miner Deep Space to launch first commercial mission by 2020

The mission's goal is to map a target asteroid, looking for deposits of water and other resources with visible and infrared cameras.

US Securities and Exchange Commission asked to investigate Tahoe Resources’ failure to disclose secret lawsuits

Groups is asking the SEC to determine whether Tahoe failed to meet legal requirements for disclosing human rights abuses and lawsuits related to its Escobal mine in Guatemala.

NWF Welcomes Feds' Landmark Guidance on Coal-Mine Bonding

The Interior Department's Office of Surface Mining Reclamation and Enforcement has taken the significant step of recommending that states stop allowing coal companies to "self-bond," essentially pledge they have the money to clean up sites and restore the land without having to provide collateral to cover the costs.

Lenders throw a lifeline to bankrupt Peabody Energy

The coal giant also said it would review its assets in Australia to run a smaller but "more profitable" basis.

Surprise natural gas drawdown signals higher prices ahead

The U.S. electric power sector burned through a record amount of natural gas in recent weeks, a sign of the shifting power generation mix and also a signal that natural gas supplies could get tighter than many analysts had previously expected.