Saudi Arabia expands reach of $28bn fund to energy, mining
The changes greatly extend the purview of the Saudi Industrial Development Fund, which previously only provided financing to local manufacturing businesses.
Latest Stories
Kirkland Lake Gold posts record quarterly production at Fosterville mine
Production across the company's operations totaled 214,593 ounces in Q2 2019.
Chile to triple fines for environmental damages, infractions
The government seeks to impose fines of up to $215,000 for each violation of the country’s environmental rules.
Avesoro sticks to 2019 guidance, despite gold output drop
The company's gold production fell to 34,338 ounces in the three months to June 30 from 45,098 ounces in the previous quarter, equivalent to a 43% drop from Q2 2018.
University study confirms porphyry systems at Jaxon’s BC project
Tourmaline breccia at the Red Springs project contains tourmaline which shows chaotic zonation, typical of mineralized porphyry systems.
Prophecy’s Mongolian coal mine achieves record production
Following a two-month halt in operations, monthly coal production at Ulaan Ovoo reached 37,800 tonnes in June.
Hudbay Minerals’ Alan Hair steps down as CEO
Former Nevsun Resources leader, Peter Kukielski, will serve as interim-CEO, while the miner looks for a permanent boss.
Gold-backed ETF holdings grow at fastest pace in seven years
Global holdings in gold-backed ETFs and similar products grew by 127 tonnes (equivalent to $5.5 billion in inflows) in June.
Vancouver gold junior sells for $610m, spins out new explorer
The team that built Atlantic Gold, led by former Teck CEO Steven Dean, will start a new gold project in Bulgaria.
