Most US mining and natural resources jobs lost in six years
Mining and logging was the big exception in Friday's payroll numbers with 18,000 jobs lost in May, the worst month since the global financial crisis.
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Jobs drop gold price to 12-week low
Strong payroll numbers add to urgency for a hike in US interest rates making owning zero-yielding gold a less attractive asset.
Newmont sells New Zealand mine to OceanaGold for $101 million
The deal also includes a $5 million contingent payment and a 1% royalty on a recent discovery north of Waihi’s current operations.
China’s five year plan and the end of an era
At its centre will be a shift of emphasis away from trade with the advanced nations, whose prospects are bound to subside towards their level of economic growth.
Mining investments in Chile to reach $64 billion by 2025 — report
According to the state copper commission, Chile’s portfolio of planned mining investments remains the largest in Latin America.
Pacific Potash risks mining rights in Brazil over $2.1 million tax debt
This is not the first time the company’s rights for its Amazonas project have been at risk of being revoked for failure of tax payments.
Southern Copper mulls extending Tia Maria project halt
The company could extend a 60-day pause in effect since late May to allow locals more time to clear up their doubts about the project’s environmental impact.
Gold mining still most significant source of income in Africa, Asia — WGC
Mali, Papa New Guinea, Burkina Faso, Guinea, Tanzania, DRC and Mongolia among countries where gold mining contributed the most to their locals economies, says the World Gold Council.
Using satellites to move millimetres of earth
A 40 to 60 per cent increase in productivity.
