Less than half the gold sent to big refiners comes from mines
LBMA says the majority comes from recycled gold such as jewellery, bars and coins returned to the market to be melted and refashioned.
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Communities to decide Ecuador mining projects’ fate
Referendums to ban large and medium scale projects can only be about future mining rights and won’t be retroactively applied to concessions granted prior to public vote, top court has ruled.
Texas Minerals consortium to produce rare earths from coal waste
The consortium’s goal is to install a pilot plant at a Jeddo Coal Company site in Pennsylvania capable of producing 1-3 tonnes of rare earth oxides from coal byproducts.
GE to exit new coal projects
The energy giant said that the measure may involve divestitures, site closings, job losses and impacts to publicly held subsidiaries.
Hochschild Mining presses reset on Peruvian operations
Its San José mine in Argentina is slated to reach full production in the fourth quarter.
UEC increases public offering to $15 million, stock tanks
Shares of Uranium Energy Corp. plunged 18.6% at market close Monday.
Monday mining massacre as gold, copper, iron ore prices tank
Gold price falls $70 an ounce, copper drops over 3% and iron ore rout accelerates, sending shares in major mining companies skidding.
Gold miners insist they won’t splurge despite price surge
Miners are opting to give more cash back to shareholders rather than plotting takeovers.
Santacruz Silver shares up on Palisades investment
The resource-focused merchant bank will invest C$3 million in the silver junior.