Hedge funds up bullish gold price bets most since Trump win
Gold builds on 15-week highs as large-scale derivatives speculators bump exposure to a rising gold price by a fifth, the most bullish move since November 1.
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Cupric Canyon gets $50 million to develop Botswana mine
Khoemacau mine will initially produce 50,000 tonnes of copper and 1.4 million ounces of silver a year, but future expansions could increase output to at least 120,000 tonnes of copper annually.
Acacia Mining says West Kenya project holds high-grade gold
With six drill rigs currently active on site, and two more to follow soon, Acacia expects to increase the resource to 2 million ounces by the end of the year.
Northam Platinum buys Eland mine from Glencore
Northam Platinum’s strategy of buying additional mines, as its strives to become a 1-million ounce a year platinum group metals producer, netted it Glencore’s Eland Platinum mine for R175m cash.
Have the majors given up on Canada’s oil sands?
Canada’s oil sands could struggle to rebound, with potentially billions of barrels of oil being kept underground permanently.
Changes to U.S. coal mining royalties blocked
The Trump administration has made another pro-coal decision, this time relating to how Washington calculates royalties on coal mined from federal and Indian lands.
IOC green-lights new iron ore pit in Labrador
The Iron Ore Company of Canada (IOC) is taking advantage of rocketing iron ore prices by pushing forward with its Wabush 3 iron ore mine in Labrador, Canada.
Top 10 lowest cost gold mines make money if price falls 50%
The top 10 ranking of the lowest all-in cost gold mines in the world – former US president Herbert Hoover was once in charge of no. 8 on the list.
Scientists find new way to extract uranium from seawater
A practical method for extracting the uranium present in the oceans could help make nuclear power a viable part of the quest for a carbon-free energy future, researchers say.