October 24, 2016

Gold price: Hedge funds abandoning market at record pace

Large scale speculators in gold options and futures dump over 12 million ounces in three weeks, the fastest rate since government records began.

October 24, 2016

Nevada Mining Exploration battered by withdrawals, sage grouse, bonding hikes

When Nevada became a state in 1864, an estimated 60 million acres were available for mineral entry in Nevada, of that total 16 million acres have been withdrawn.

October 24, 2016

Protest ends at MMG’s Las Bambas copper mine in Peru, exports to resume

The process of restoring calm in local communities and the re-opening of essential infrastructure is now underway, said the miner Monday.

October 24, 2016

Caterpillar rally hindered by fresh drop in sales

The world’s largest heavy machinery maker has logged a 18% drop in global sales of machinery for the three-month period ended in September.

October 24, 2016

Worst day for gold ETFs since April 2013

Investors pulled nearly 17 tonnes from GLD on Friday as gold price bulls lose confidence.

October 24, 2016

Mining robots key to colonizing Mars — Elon Musk

He envisions people living in big glass-carbon fiber domes on the surface, with additional areas mined out below the surface by robots for "industrial" uses.

October 24, 2016

Randgold continues to invest in development of Côte d’Ivoire’s potential

Exploration by Randgold Resources, which owns and operates the Tongon gold mine in Côte d’Ivoire, continues to highlight exciting possibilities for further investment in the country, chief executive Mark Bristow…

October 24, 2016

Gold Fields to spend $1.4 billion prolonging Ghana mine life

The investment will extend the life of the mine by eight years to 2024, in which the firm expects to produce 1.56 million ounces of gold there.

October 21, 2016

Canada’s Ajax mine could cost $100 million in lawsuits: Mining Watch

Taking as an example what’s happening at the Malartic mine in Quebec, the watchdog presented “conservative estimates” on possible actions against the gold and copper project in B.C.

October 21, 2016

South African union reaches tentative wage deals with platinum trio

AMCU has been demanding pay hikes of more than 50% for its lowest paid members and a 15% hike for its higher paid members.