USA Mining News

NASA unveils gold-covered telescope that will put the Hubble to shame

The $10 billion James Webb telescope is equipped with a collapsible honeycomb-like mirror made of 18 gleaming, gold-covered pieces.

Gold prices soar to hit seven-week high

Silver, in turn, is trading at prices not since Jan. 2015 and has gained 15% this month alone.

Women’s Mining Coalition meets with over 210 Congressional and Regulatory Offices

Thirty-eight members of the Women’s Mining Coalition (WMC) from 16 states traveled to Washington D.C. for the 24th annual Fly-In meetings on Capitol Hill.

CIM, SME partner with EduMine to provide premium courses to members

The mining groups will begin offering the premiere online professional development program to their members later this year.

Global oil supply could face 4.5 million barrels shortfall — Wood Mackenzie

Current oil oversupply could reverse within 20 years as low oil prices have forced pricers to slash spending on exploration and production, a report by Wood Mackenzie shows.

Stanford University decision to keep fossil fuels holdings triggers uproar

The board of trustees said they didn't believe in divesting from the fossil fuel industry until there are competitive and readily available alternatives.

Gold rises ahead of Fed meeting’s end

The precious metal was up Wednesday as investors assessed the probability that the Federal Reserve will raise interest rates as early as June.

Freeport axes oil and gas workforce as it posts sixth straight loss

The company, which is the US biggest miner by market value, is cutting 25% of its workforce to reduce debt.

Newmont Mining investigating bribery allegations

The gold and copper miner didn’t specified where the alleged misconduct took place.

Shell Pipeline Launches New Interactive Customer Tool

Shell Pipeline Company LP's new, interactive online map tool will help customers learn more about all Shell Pipeline assets and identify new business opportunities.

Silver plays catch up with gold — hits 11-month high

Increasing interest from hedge funds and Chinese buyers are driven the metal to its biggest monthly rise since January 2015.

Shirley Temple’s fancy blue diamond ring fails to sell

The stone, still in its original Art Deco setting, was expected to fetch up to $35 million.

Community opposition forces Newmont to abandon Conga project in Peru

The company has removed its massive gold and copper project Peru from its list of reserves in its annual filing with the U.S. Securities and Exchange Commission (SEC).

Apple got $40 million in gold from recycled iPhones last year

Thanks to its innovative program that uses robots to recover the valuable parts from the millions of Apple devices discarded every year.

US says China to scrap some export subsidies

China has agreed to scrap some export subsidies on a range of products from metals to agriculture and textiles, the United States said on Thursday, in a step by Beijing to reduce trade frictions with Washington.

Gold’s historic run is coming – Nichols says

You wouldn’t know it reading the Wall Street Journal, Bloomberg, or the other popular investment news sources . . . but thus far this year gold prices are up some 16 percent, making the yellow metal just about the top-performing investment asset class of 2016.

US coal giant Peabody Energy files for bankruptcy

Peabody's bankruptcy filing is one of the largest in the commodities sector since commodity prices began to fall in the middle of 2014.

Gold to hit $3,000 by 2019 — expert at Dubai conference

“The big problem is that monetary policy is contagious and central bankers no longer have any bullets left," said precious metal expert Diego Parilla.

Long and intermediate trends crushing commercials…

Precious metals expert Michael Ballanger discusses the tug-of-war going on between the Japanese yen and the U.S. dollar/Chinese yuan, and its effect on precious metals.

For the Navajo nation, uranium mining's deadly legacy lingers

As the Cold War threat petered out companies left, abandoning more than 500 mines in an area that is home to more than 250,000 people.

Top 10 copper producing countries

Peru's output surges, North American producers slip down the rankings and Chinese mines shut down.

IMF growth forecasts: Missing the mark so far

Projections on the global economic recovery have been overestimated by most policymakers and institutions for some time now. The International Monetary Fund (IMF) has been no exception to this fallacy.

Ex-coal CEO sentenced to a year in prison over mine-safety conspiracy

The sentencing comes six years and one day after a fatal explosion killed 29 at Massey’s Upper Big Branch mine.

Canadians to develop space mining tool

Deltion Innovations aims to design a drill that would prospect for water, ice and resources on the moon and beyond.

Osama Bin Laden was more than keen on gold

Documents recently declassified by the CIA revealed he was an avid gold investor and even predicted the price spike of 2010-2011.