USA Mining News

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.

Planetary Resources now has $21 million to help miners find resources… on Earth

Funds will be used to deploy and operate the firm's Earth observation program, known as Ceres.

How big is big?

In an industry that is renowned for stupendous extremes, what is considered big among the big?

Gold hits lowest price since late April on fears of rate hike

US Fed officials signalled a rate rise could come as early as June.

Blackrock backs Bacanora Minerals with $11 million investment

The move by the world's largest asset manager shows increasing interest in the lithium market.

Billionaire Soros scoops up $264 million stake in world’s largest gold miner

Fund now owns a 1.7% stake in Canada's Barrick Gold.

Report highlights progress against child labour in mining in Congo

International development nonprofit Pact released Friday a report detailing the progress of efforts to address child labour in mining in the Democratic Republic of Congo.

IEEFA calls for ban on US coal exports

Comments filed in Government review of Powder River Basin lease program.

Coal miners welcome report that calls for imperative 2˚C climate target

The report considers how the use of coal contributes to affordable energy prices, and allows broader access to electricity and improved industrial competitiveness of economies in various regions.

US court rejects coal CEO Blankenship bid to remain free during appeal

Blankenship is expected to begin serving his time in California today, after being convicted of conspiring to wilfully violate mine safety standards at West Virginia's Upper Big Branch coal mine.

Enbridge back in the black as oil shipments rise

Canada’s largest pipeline company's first-quarter profit rose as record volumes carried on its main pipeline system helped shield it from a sustained drop in oil prices.

Gold bounces back on weak dollar, Goldman’s brighter forecast

The bank increased its three, six and 12-month forecasts to $1,200, $1,180, and $1,150 an ounce from $1,100, $1,050 and $1,000 respectively.

Luxembourg aims high with asteroid mining deals

It’s home to just a half-million people, but the country is not thinking small when it comes to the future of mining.

Rio Tinto goes ahead with $5.3 billion expansion of Oyu Tolgoi

Construction of the massive mine's underground portion will begin within months, with first production expected by 2020.

Silver demand hit record high in 2015

So did production – all time high of 887m ounces.

How the US is shunning Saudi oil imports

Over the last 15 years, America has been turning away from traditional oil suppliers in the Middle East to more trusted sources, closer to home.

Gold rally stalls despite weak US jobs data

Despite the ups and downs, the precious metal has gained 21% so far this year.

INFOGRAPHIC: The riskiest places to live

Risk, from a mathematical perspective, is the probability of an event multiplied by its potential impact.

Newmont Mining turns 95

Newmont Mining Corporation was officially incorporated on May 2, 1921.

Gold soars past $1,300 — first time since Jan. 2015

The metal climbed for a sixth consecutive session on Monday, past the psychologically significant $1,300 an ounce mark.

Clinton begins touring core of US struggling coal industry

She is still trying to recover from her televised comments in March, when she said she would put coal companies and miners out of business.

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.