Due to a surge in market activity and manufacturer/mint delays, please anticipate possible fulfillment delays.
Zimbabwe has deferred a 15% tax penalty on mining firms who export raw platinum to 2017, giving the companies time to build refineries in the southern African nation, Finance Minister Patrick Chinamasa said. Presenting the 2015 budget to lawmakers on Thursday, Chinamasa confirmed the government w...
Thu, 27 Nov 2014 07:44:00 -0600 Source: Miningweekly
Sarama Resources and Acacia Mining (formerly African Barrick Gold) Enter Into Earn-In Arrangement in Burkina Faso
VANCOUVER, Nov. 27, 2014 /PRNewswire/ - Sarama Resources Ltd. (the "Company" or "Sarama") is pleased to announce that it has entered into an agreement with Acacia Mining plc ("Acacia", formerly known as African Barrick Gold plc) relating to Sarama's South Houndé Project (the...
Thu, 27 Nov 2014 06:00:00 -0600 Source: PR Newswire: Mining/Metals
Trading has commenced today in London in Acacia Mining (ACA), the renamed African Barrick Gold.
Thu, 27 Nov 2014 04:31:09 -0600 Source: Mineweb
East Africa-focused Shanta Gold will undertake 5 000 m of additional drilling to further optimise the bankable feasibility study and decrease the risk profile of the planned life-of-mine (LoM) extension at its New Luika gold mine, in south-western Tanzania. In October, Shanta said it had complete...
Thu, 27 Nov 2014 03:27:00 -0600 Source: Miningweekly
The final applications to secure permits to start underground mining at the Gokona pit at North Mara, in Tanzania, were set to be submitted after the board of the newly renamed Acacia Mining approved the project’s definitive feasibility study. The gold miner, formerly called African Barrick Gold,...
Thu, 27 Nov 2014 01:29:00 -0600 Source: Miningweekly
…There is a divergence of relative strength among silver producers, and 2015 will be a critical year for balance sheet positioning," says Dundee.
Thu, 27 Nov 2014 01:27:12 -0600 Source: Mineweb
The development of the latest major new underground, mechanised platinum mine, near Mokopane, in Limpopo, has been marred by a “small group” of people instigating animosity towards the emerging operation. However, TSX-listed Ivanhoe Mines, led by founder Robert Friedland, on Thursday vowed it wou...
Thu, 27 Nov 2014 00:16:00 -0600 Source: Miningweekly
Stoping and development activities at gold miner AngloGold Ashanti’s Mponeng mine, near Carletonville, have been suspended following the death of an employee. The deceased, a scraper winch operator, had been fatally injured in a fall-of-ground incident on Tuesday.
Wed, 26 Nov 2014 23:45:00 -0600 Source: Miningweekly
A scraper winch operator was fatally injured in a fall of ground incident.
Wed, 26 Nov 2014 18:48:31 -0600 Source: Mineweb
GOLDEN, Colo., Nov. 26, 2014 /PRNewswire/ -- Atna Resources Ltd. ("Atna" or the "Company") (TSX:ATN / OTCQB:ATNAF) is pleased to announce that it has closed the sale of its Reward Gold Mine near Beatty, Nevada, and the Clover Gold-Exploration Property in Elko County, Nevada...
Wed, 26 Nov 2014 16:57:00 -0600 Source: PR Newswire: Mining/Metals
The U.S. Comex gold futures rose 1.02% last week and stabilized at around $1,197 level on Tuesday. Year-to-date, the gold futures have fallen 0.43% while the Dollar Index has risen almost ten percent.
Wed, 26 Nov 2014 09:39:00 -0600 Source: Resource Investor Express
Protesters demonstrate against plans to start building the $1.6bn platinum mine.
Wed, 26 Nov 2014 08:57:44 -0600 Source: Mineweb
African Barrick Gold (ABG) shareholders on Wednesday voted in favour of the company’s proposed name change to Acacia Mining, with the new name to come into effect on Thursday. ABG earlier this month explained that its core objective was to develop a business that was recognised as a leading indep...
Wed, 26 Nov 2014 07:34:00 -0600 Source: Miningweekly
The definitive feasibility study (DFS) for Aim-listed North River Resources’ Namib lead/zinc/silver mine, in Namibia, has confirmed that the project is technically low risk and economically robust, the company said on Wednesday. It added that a strong after-tax internal rate of return of more tha...
Wed, 26 Nov 2014 06:30:00 -0600 Source: Miningweekly
The chart of the day shows that bullion denominated in these currencies is up about 10% in 2014.
Wed, 26 Nov 2014 05:41:45 -0600 Source: Mineweb
Platinum-mining company Lonmin on Wednesday completed three transactions that take its black economic empowerment (BEE) shareholding to the 26% laid down by South African law. The London- and Johannesburg-listed company said the three transactions had been concluded with employees and near-mine c...
Wed, 26 Nov 2014 03:40:00 -0600 Source: Miningweekly
Silver has been extending gains as seen by the weaker gold/silver ratio - this bodes well for bullion generally.
Wed, 26 Nov 2014 01:41:58 -0600 Source: Mineweb
TSX-V-listed African Gold Group on Tuesday announced the completion of a scoping study and an updated preliminary economic assessment (PEA) for its Kobada gold project, in Mali, demonstrating low capital expenditure requirements and high returns. African Gold said the scoping study demonstrated r...
Tue, 25 Nov 2014 23:38:00 -0600 Source: Miningweekly
In a report it pointed out that the assets in production are associated with 64 different entities with ownership claims.The report said that 13 copper, 14 gold and five iron ore miners were susceptible.
Tue, 25 Nov 2014 17:00:00 -0600 Source: Commodity Online | Metals News
Gold futures gained for the second time in three sessions as the dollar fell from a five-year high, boosting demand for the metal as an alternative investment.
Tue, 25 Nov 2014 13:54:00 -0600 Source: Resource Investor - Main Content Feed
Metals and Mining Stocks Review - Rio Tinto, McEwen Mining, Stillwater Mining, Silvercorp Metals, and Great Panther Silver
LONDON, November 25, 2014 /PRNewswire/ -- Investor-Edge has initiated coverage on the following equities: Rio Tinto PLC (NYSE: RIO), McEwen Mining Inc. (NYSE: MUX), Stillwater Mining Company (NYSE: SWC), Silvercorp Metals Inc. (NYSE: SVM), and Great Panther Silver Ltd (NYSE MKT: GPL)....
Tue, 25 Nov 2014 07:20:00 -0600 Source: PR Newswire: Mining/Metals
Korvest?s EzyStrut customised its cable ladders for an expansion project at the Boddington Gold Mine being executed by Newmont Mining. More... The post EzyStrut p...
Tue, 25 Nov 2014 03:50:35 -0600 Source: ferret - Metal-working
A crackdown on illegal gold mining has spawned new smuggling routes through its border with Bolivia.
Tue, 25 Nov 2014 02:18:25 -0600 Source: Mineweb
LONDON, Nov. 25, 2014 (GLOBE NEWSWIRE) -- Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian focused gold mining and development company, is pleased to announce that the Departamento Nacional De Producao Mineral ("DNPM"), has formally approved the Final Exploration Report submitted by Se...
Tue, 25 Nov 2014 00:00:00 -0600 Source: PrimeZone: Mining & Metals
TSX-listed Orezone Gold Corporation was on schedule to complete the feasibility study of its Bomboré gold project, in Burkina Faso, during the first quarter of next year, after which it would apply for a mining permit to develop the project during the second quarter, COO Tim Miller said on Monday...
Mon, 24 Nov 2014 23:39:00 -0600 Source: Miningweekly
LONDON, Nov. 24, 2014 /PRNewswire/ -- SynopsisThe 'Precious Metals Mining in Brazil to 2020' report comprehensively covers the country's historical and forecast data on gold and silver production to 2020, and also reserves and silver consumption. The report also includes drivers...
Mon, 24 Nov 2014 17:54:00 -0600 Source: PR Newswire: Mining/Metals
Florian Siegfried, head of precious metals and mining investments with Zurich-based AgaNola, says there are small signs—fewer equities participating in the recent rally, greater spreads in the high-yield market—that the sentiment toward gold is changing.
Mon, 24 Nov 2014 13:13:00 -0600 Source: Resource Investor Express
High-grade silver, zinc and copper drill intercepts have been reported in the third batch of assay results from Africa-focused project developer Ivanhoe Mines’ underground diamond-drilling programme at its Kipushi copper/zinc/germanium/lead/precious metals mine, in the Democratic Republic of Cong...
Mon, 24 Nov 2014 06:48:00 -0600 Source: Miningweekly
*Chinese premiums hold steady at $1- $2. LONDON, Nov 24- Gold edged down on Monday, as the dollar strengthened, but prices were still within reach of a three-week high after a surprise rate cut in China raised hopes that demand for bullion in the top consumer would increase. China cut interest ra...
Mon, 24 Nov 2014 04:01:00 -0600 Source: CNBC.com | Interest Rates
The yellow metal was aided by the surprise rate cut by People’s Bank of China on Friday.
Mon, 24 Nov 2014 00:11:03 -0600 Source: Mineweb
The Canadian miner is being sued for alleged complicity in human-rights abuses at its Bisha gold mine.
Sun, 23 Nov 2014 23:55:52 -0600 Source: Mineweb
Mining giant BHP Billiton on Monday announced a major management reshuffle as it advanced with the demerger of its noncore assets.BHP earlier this year announced the demerger of the aluminium, nickel, manganese and silver assets. Its focus will remain on its iron-ore, coal, petroleum, copper and ...
Sun, 23 Nov 2014 23:44:00 -0600 Source: Miningweekly
Mining giant BHP Biliton has widened its productivity gains expectations by a further $500-million between now and 2017.In October, the miner announced that it was targeting productivity gains of at least $3.5-billion a year by the 2017 financial year, with CEO Andrew Mackenzie saying at the time...
Sun, 23 Nov 2014 23:37:00 -0600 Source: Miningweekly
Gold traded firmly above $1,200 on Monday, on hopes that a surprise rate cut in China would boost demand for bullion in the top consumer.
Sun, 23 Nov 2014 18:01:00 -0600 Source: CNBC.com | Stock Market Headlines
Mining MarketWatch Journal has published a review of Aurvista Gold Corporation which has one of the largest undeveloped gold projects in North America with ~3 million ounces Gold (in all categories)...(PRWeb November 22, 2014)Read the full story at http://www.prweb.com/releases/2014/11/prweb1234...
Sat, 22 Nov 2014 05:06:07 -0600 Source: PR Web: Mining / Metals
Gold and silver futures rose to three-week highs after China cut benchmark interest rates to support economic growth, boosting demand for precious metals as a store of value.
Fri, 21 Nov 2014 13:54:00 -0600 Source: Resource Investor Express
The U.S. Comex gold futures rebounded 0.45% this week to $1,190.90 on Thursday and climbed one dollar higher during Friday Asia morning.
Fri, 21 Nov 2014 10:17:00 -0600 Source: Resource Investor Express
*China cuts rates for first time in over 2 years. NEW YORK/ LONDON, Nov 21- Gold climbed above $1,200 an ounce on Friday to its highest in three weeks, helped by short-covering and after a surprise interest rate cut by China fueled hopes that demand would rise in the world's biggest consumer of t...
Fri, 21 Nov 2014 09:34:00 -0600 Source: CNBC.com | Interest Rates
As a refined metals dealer, the one product I must have on hand is one ounce silver coins. As of today, we have run out of most coins, and so have most of the other coin wholesalers in the United States.
Fri, 21 Nov 2014 09:19:00 -0600 Source: Resource Investor Express
The country reduced bullion reserves by about 35% to 26.1 metric tons last month.
Fri, 21 Nov 2014 06:24:45 -0600 Source: Mineweb
The Mineral Beneficiation Action Plan (MBAP), which is currently in draft form, should be finalised by the end of March 2015, the Department of Trade and Industry (DTI) has confirmed. The department is leading the drafting process, which also involves the National Treasury, the Economic Developme...
Fri, 21 Nov 2014 06:15:00 -0600 Source: Miningweekly
The issuing of two separate Section 54 notices at Pan African Resources’ Mpumalanga-based mines by the Department of Mineral Resources’ Mine Health and Safety Inspectorate (MHSI) this month is set to negatively impact gold production from the Barberton and Evander operations, the company said on ...
Fri, 21 Nov 2014 06:14:00 -0600 Source: Miningweekly
The largely Chinese delegation at the 2014 convention of the China Nonferrous Metals Association Recycling Metal Branch (CMRA), held in early November in Guangzhou, China, heard details of two systems for collecting postconsumer items with nonferrous metals content from representatives from overs...
Thu, 20 Nov 2014 22:00:00 -0600 Source: Recycling Today
The importers and big bullion traders in India are reported to be holding on to their gold stocks in anticipation of higher premiums on account of rumors that the government may introduce fresh curbs on gold imports.
Thu, 20 Nov 2014 09:52:00 -0600 Source: Resource Investor Express
Dual-listed Gold Fields is bracing itself for another year of softened gold prices, but CEO Nick Holland believes the bullion producer is well-positioned – from a debt level and production cost perspective – to weather the anticipated pricing environment. This local gold industry was not, however...
Thu, 20 Nov 2014 08:06:00 -0600 Source: Miningweekly
LONDON, Nov 20- Gold rose on Thursday as the previous day's 1 percent drop lured price-sensitive buyers, though gains were limited by dollar strength after Federal Reserve minutes suggested the United States is still likely to raise interest rates next year. Spot gold was up 1 percent at $1,195.3...
Thu, 20 Nov 2014 04:07:00 -0600 Source: CNBC.com | Interest Rates
Gold producers are currently struggling to adapt to a lower bullion price.
Thu, 20 Nov 2014 01:07:02 -0600 Source: Mineweb
South African bullion producer Gold Fields posted a slip in third-quarter earnings on Thursday due to tumbling gold prices and stoppages at its flagship South Deep operation, which is undergoing an upgrade. The spot price of gold lost about 10% of its value in the three months to September as the...
Wed, 19 Nov 2014 23:34:00 -0600 Source: Miningweekly
VANCOUVER, Nov. 19, 2014 /PRNewswire/ - Silver Standard Resources Inc. (NASDAQ: SSRI) (TSX: SSO) ("Silver Standard") announces today that it has filed a technical report titled "NI 43-101 Technical Report on the Marigold Mine, Humboldt County, Nevada" (the "Technical Report") in...
Wed, 19 Nov 2014 21:12:00 -0600 Source: PR Newswire: Mining/Metals
Russia’s central bank bought about 150 metric tons of the metal this year, announced Governor Elvira Nabiullina yesterday. The pronouncement immediately created buying in the market, prompting gold to rise to a two week high at $1,200 an ounce.
Wed, 19 Nov 2014 11:29:00 -0600 Source: Resource Investor Express