Venezuela gold reserves drop by $1bn in H1 2019
The value of the gold bars in central bank vaults fell to $4.62 billion, down 18.5% from $5.67 billion dollars at the end of 2018 - the lowest in 75 years.
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Botched bankruptcy leads to standoff in Kentucky coal country
Laid off miners are blocking trains in protest against Blackjewel, which halted operations in July without settling its final salary obligations to more than 1,800 workers across the country.
Newmont Goldcorp’s Ahafo mill in Ghana yields first ore after expansion
The upgrade is expected to increase average annual gold production at Ahafo by between 75,000 and 100,000 ounces for the first five years, starting in 2020.
Santacruz Silver updates Veta Grande resource estimate
The update applies a nominal cut-off value of 100.0 g/t AgEq for the project’s Panuco deposit.
Australia’s greenfield exploration spending up 57%
Total mineral exploration expenditure in the last quarter rose 31.1% to A$663.1 million.
Glencore wins transfer pricing court battle with Australian tax office
Australia's tax office ruled the company had paid the correct amount of tax on purchases of copper concentrate from a New South Wales mine.
Lucapa Diamond profit up, hits record production at African mines
The Australian miner posted a $1.1 million profit for the six months to June, compared to the $4.3 million it lost in the same period last year.
Indonesia’s nickel ban shows resource nationalism on the march
While Indonesia has an estimated nickel ore reserves of 2.8 billion metric tons, proven stockpiles are only about 600 million to 700 million tonnes.
Global wind turbine fleet to consume over 5.5Mt of copper by 2028 — report
But further developments in aluminium technology could lead to increased substitution of copper in cabling.
