June 15, 2016

Gold hits session high of $1,300 as Fed leaves rates unchanged

The metal is up more than 20% this year, but gold mining equities have doubled and the sector as a whole has returned 53%.

June 15, 2016

Kyrgyzstan ratchets up dispute against Canada’s Centerra Gold

President Almazbek Atambayev has ordered state prosecutors to review the legality of agreements signed with the company in 2003-2004 and 2009.

June 15, 2016

Canadian project tailors microbes to extract gold without harming environment

The new technique could help improve environmental outcomes as it uses bacteria instead of chemicals such as cyanide.

June 15, 2016

Global upstream investment slashed by US$1 trillion since the oil price drop

Wood Mackenzie expects to see further cuts throughout the year and investment levels continue to shrink as more projects are dropped and companies struggle to breakeven.

June 14, 2016

World’s largest diamond found in 100 years could fetch over $70M

The three-billion-year-old diamond the size of a tennis ball was found by Canada's Lucara Diamond last year.

June 14, 2016

Egypt ancient gold mines offer clues on country’s untapped vast mineral deposits

The country is said to be sitting on mineral deposits worth hundreds of billions of dollars which, once developed, could surpass oil as its main source of income.

June 14, 2016

Cenovus bumps up caribou protection project with $32M investment

The company aims to replant forests along old access roads and seismic lines in an area covering 3,900 square kilometres — more than 10 times what it accomplished through its…

June 13, 2016

Luxembourg invests heavily in space mining

First time a country partners with privates to boost the development of the industry.

June 13, 2016

Canada’s oil sands production could take weeks to recover

Oil sands production in Canada could take weeks to return to previous levels following the ongoing wild fires that have been ravaging Fort McMurray.

June 13, 2016

Major mining assets change hands after commodity rout

Large mining companies are selling off some of their prized assets after the prolonged global commodities markets rout left some with high levels of debt.