USA Mining News

Gold sinks below $1,300 after Fed ends era of easy money

From next month the US Federal Reserve will shrink the $4.5 trillion balance sheet it built up following the 2008 financial crisis.

Washington buys Dominion Diamond for $1.2bn as investors ok sale

Transaction gives the US-based buyer full ownership of Canada’s Ekati diamond mine and a 40% stake in Diavik, which is operated by Rio Tinto.

BHP Billiton Foundation launches two new transparency projects

BHP Billiton Foundation announced Tuesday its financial support for two new global projects launched at an event held in Washington DC.

Peruvian farmer sues Newmont in US court over alleged use of violence, threats

Acuña and her family claim the company used violence and threats to try to evict her from her home and so make way for its $5 billion gold and copper Conga project.

BHP’s shareholders to vote whether firm should leave Australia’s top mining lobby group

Investors to vote on the two resolutions submitted ethical investing group ACCR at BHP’s annual general meeting in London in October.

Integra Resources to acquire Kinross Gold's DeLamar gold-silver project

Conditional upon the completion of the Transaction, Integra will acquire 47 mining claims totaling approximately 238 hectares that form part of the Florida Mountain claims group, which are situated in the Carson Mining District in Owyhee County, Idaho.

Cat® 793F mining trucks prove performance in tier 4 configuration

The trucks were put to the test in a variety of applications, including cold ambient temperatures, high ambient temperatures, uphill hauls and flat hauls.

Kinross Gold to spend $1bn to expand Mauritania, Nevada mines

Projects aim at boosting output and lowering costs.

Up to 1,200 construction workers expected to be hired to build NioCorp’s Elk Creek facility

Overall, as much as $750 million out of a total of $1 billion in capital expenditures is expected to be spent in Nebraska to establish the facility.

Canada does not need more oil sands pipelines, report claims

A report by the Centre for International Governance Innovation argues the global push to reduce carbon emissions over the next three decades will reduce the size of future oil markets.

One big, bad dozer turns 40

With its cutting-edge elevated sprocket design, the Cat® D10 changed the face of the dozer market.

Caterpillar develops proof-of-concept battery electric LHD

Prototype of battery electric LHD will be sent to a Canadian mine site.

PotashCorp mulls selling stake in Chilean lithium producer SQM — report

Move would seek to secure approval for its friendly merger with smaller rival Agrium, creating the world’s largest potash miner worth about $36 billion.

Coeur Mining acquires Silvertip mine in Canada for $250 million

The deal grants Coeur access to Silvertip mine, high-grade silver-zinc-lead operation located in B.C., Canada.

Canada’s Donkin coal mine begins processing ore on site

Current coal production is being stockpiled on site, and trucked and stored up at the Provincial Energy Ventures port in Sydney, Cape Breton, for export.

Wyoming uranium mine spill one of the largest recorded in U.S.

The spill was contained on site and is not a human health hazard, according to federal regulators.

Copper, iron ore price drops bring mayhem to mining stocks

Is the industrial metals and steelmaking raw materials rally at en end?

Vancouver company finds faster way to extract lithium from oil

MGX Minerals says it is possible to get lithium from oil-extraction wastewater in just a few days

App uses augmented reality to help diamond buyers

People can now try on different engagement rings from anywhere in the world using augmented reality

Gold price breaks higher as hedge fund bulls outnumber bears most since 2012

North Korea sends gold price back to September 2016 levels as trading volumes soar to second highest on record.

How EIA guestimates keep oil prices subdued

The EIA has once again undercut its previous estimates for U.S. oil production, offering further evidence that the U.S. shale industry is not producing as much as everyone thinks.

Gold prices near 12-month high

Gold prices jumped to their highest in almost a year as a weaker dollar and escalating tensions between the United States and North Korea

Newmont begins production at Tanami expansion project in Australia

Company expects to increase gold production at Tanami by 80,000 ounces annually, reaching between 425,000-475,000 ounces a year.

Govt electricity supply report 'will not save US coal'

There's nothing in Dept of Energy's electricity grid reliability analysis that'll stop substitution of coal by natural gas and renewable energy says Moody's.

The swamp strikes back

On August 21st many Americans witnessed the moon cast a historic but short-lived shadow across the United States. One day later, President Trump reversed his previously stated position on the 16 year old Afghan War, thereby eclipsing the possibility that the United States would finally come to its senses and rethink a failed strategy that is likely to fail for years, perhaps decades, to come.