Maduro sold 40% of Venezuela’s gold last year amid cash crunch
The government sold a total of 73 tonnes of gold to two firms in the United Arab Emirates and another in Turkey.
Latest Stories
First Quantum inks $2.7B refinancing deal
Company has signed a new $2.7-billion term loan and revolving credit facility, replacing the existing $1.5 billion one.
Crown Mining takes over California’s Light’s Creek Copper District
The company staked 35 new claims that cover potential extensions to the high-grade ore previously mined at the site.
Vancouver junior acquires Temple Mountain vanadium property in Utah
The Temple Mountain property was first mined in 1914.
Gem Diamonds finds from iconic Lesotho mine drop, shares slump
The company unearthed three of the 15 diamonds over 100 carats it found in 2018 in Q4, but carat recovery dropped by 17% to 29,523 ct in the period.
Russia’s Nordgold to invest over $360m in Guinea mine
The Russian gold producer has received a 15-year mining permit for its Lefa mine.
Bank Of America: Oil demand growth to hit zero within a decade
By 2030, oil demand could hit a peak and then enter decline.
CEMI looks to South America for innovation partner
The Centre for Excellence in Mining Innovation and the Universidad Nacional del Centro del Peru signed a MOU on February 6.
Iron ore prices reach almost two-year high
Analysts believe the price surge lines up with the market halting up to 40 million metric tonnes of Vale’s iron ore production.
