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“Making and selling beer should have been a lot less risky than trying to find a gold mine”
Mon, 25 May 2015 04:30:28 -0600 Source: Mineweb
Agrees to sell the mine to Australia’s Evolution Mining for $550 million.
Mon, 25 May 2015 04:30:38 -0600 Source: Mineweb
SINGAPORE, May 25- Gold was trading close to its lowest in over a week on Monday after Federal Reserve Chair Janet Yellen said the U.S. central bank was poised to hike interest rates this year and as the dollar strengthened to its highest in a month. *Spot gold had slipped 0.2 percent to $1,203 a...
Sun, 24 May 2015 18:43:00 -0600 Source: CNBC.com | Interest Rates
Submitted final offer for the Cowal gold mine in Australia.
Fri, 22 May 2015 11:40:13 -0600 Source: Mineweb
Tanzania's gold output edged up 1.26% in 2014 to 1.27-million ounces, snapping a two-year decline, government data showed on Friday.Tanzania is Africa's fourth-biggest gold producer after South Africa, Ghana and Mali and gold exports are a key source of foreign exchange. Export earnings however f...
Fri, 22 May 2015 03:27:00 -0600 Source: Miningweekly
South Africa's National Union of Mineworkers (NUM) will push for an 84% rise in basic pay for entry-level gold mining workers, a near 10 percentage-point increase on previous demands, according to documents obtained by Reuters on Thursday.They show that the NUM, which represents 57% of the workfo...
Fri, 22 May 2015 00:39:00 -0600 Source: Miningweekly
We are all prone to bias. If you are in sales with a big base metals mining firm, Fed easymoney policies will drive up copper or zinc. If you are with a big gold miner, it will drive up precious metal prices.
Thu, 21 May 2015 14:07:42 -0600 Source: Safehaven
The contract would mirror existing futures traded on CME’s New York COMEX platform.
Thu, 21 May 2015 13:55:44 -0600 Source: Mineweb
CARSON CITY, Nev., May 21, 2015 (GLOBE NEWSWIRE) -- Del Toro Silver Corp. (OTCBB:DTOR) ("Del Toro" or the "Company") is pleased to announce that placer mining operations are scheduled to commence at the Natchez Pass Gold Property (AKA the "Nick"). Del Toro owns a 5% ...
Thu, 21 May 2015 07:45:00 -0600 Source: Metals News via PrimeZone
Caledonia Mining reckons mining in Zimbabwe is far less risky than generally perceived.
Thu, 21 May 2015 06:05:52 -0600 Source: Mineweb
LONDON, May 21- Gold steadied on Thursday as the dollar fell following minutes from the Federal Reserve's policy meeting showing the U.S. central bank was unlikely to raise interest rates in June. "Gold will benefit from the Fed's decision to postpone its rate hike and the bar for gold's support...
Thu, 21 May 2015 04:25:00 -0600 Source: CNBC.com | Interest Rates
Lupaka Gold has started underground mining at its wholly owned Invicta Gold Project in Lima, Peru, after completion of mobilisation and setup by country based underground mining contractor PLH SAC.
Wed, 20 May 2015 17:00:00 -0600 Source: NRI: Mining Technology
The Chamber of Mines of South Africa on Wednesday revealed a strategic plan to get South Africa’s “great mining industry” back on the front foot. Speaking at the well-attended 125th annual general meeting (AGM) of the historic organisation, chamber president Mike Teke – who was re-elected for a s...
Wed, 20 May 2015 08:32:00 -0600 Source: Miningweekly
THUNDER BAY, ON and VALLENAR, CHILE, May 20, 2015 /PRNewswire/ - Red Metal Resources Ltd. (OTCQB:RMES), a mineral exploration company with copper-gold assets in Chile, is pleased to provide an update on mining activities being conducted by a local mining contractor, an affiliated company,...
Wed, 20 May 2015 07:30:00 -0600 Source: PR Newswire: Mining/Metals
To strengthen its balance sheet, while providing working capital to undertake continued surface mining operations and a programme of plant upgrades and efficiency processes, dual-listed gold producer Central Rand Gold (CRG) will seek to raise £600 000 through the placing of 2.55-million new ordin...
Wed, 20 May 2015 03:07:00 -0600 Source: Miningweekly
The yellow metal declined US$9.20/oz on a US dollar surge and investor outflows.
Tue, 19 May 2015 20:30:54 -0600 Source: bnamericas.com: Metals
Robin Bhar, head of Metals Research at Societe Generale, expects prices of the precious metal to fall when the Fed starts raising interest rates.
Tue, 19 May 2015 18:47:00 -0600 Source: CNBC.com | Interest Rates
The collapse is believed to have been caused by heavy rainfall.
Tue, 19 May 2015 08:54:54 -0600 Source: Mineweb
TSX: GPRNYSE MKT: GPL VANCOUVER, May 19, 2015 /PRNewswire/ - GREAT PANTHER SILVER LIMITED (TSX: GPR) (NYSE MKT: GPL) ("Great Panther", the "Company") announces that it has signed a two-year option agreement with Nyrstar whereby the Company can acquire a 100% interest in the...
Tue, 19 May 2015 06:30:00 -0600 Source: PR Newswire: Mining/Metals
Aim-listed Caledonia Mining on Tuesday announced an increase and upgrade to the gold resource base at its 49%-owned Blanket mine, in Zimbabwe. The company has added 538 000 t to the 2.9-million tonnes of reserves and indicated resources, representing a tonnage increase of 17.4% and a 20.5% hike i...
Tue, 19 May 2015 01:07:00 -0600 Source: Miningweekly
There is an old saying in the markets about selling in the month of May (NYSEARCA:DIA) and going away until the fall. Experienced investors in the junior mining sector (NYSEARCA:GDXJ) know that is the busy season for drilling and exploration.
Mon, 18 May 2015 16:52:16 -0600 Source: Safehaven
Mining exports increased 22% in March.
Mon, 18 May 2015 15:30:54 -0600 Source: bnamericas.com: Metals
Gold producers have refused to comment on wage demands made public by Association of Mineworkers and Construction Union (AMCU) last week, other than to say they will engage with all representative unions in a “constructive and proactive way”, with the aim of ensuring the sustainability of the gol...
Mon, 18 May 2015 08:44:00 -0600 Source: Miningweekly
Construction of Aureus Mining’s flagship New Liberty gold project, in Liberia, is nearing completion and on track to enable the delivery of first gold by the end of the month, the company noted in a quarterly results statement. New Liberty’s 924 000-oz reserves supported an openpit operation with...
Mon, 18 May 2015 03:45:00 -0600 Source: Miningweekly
The World Platinum Investment Council (WPIC) has revised downwards its initial full-year global platinum market deficit for 2015 from 235 000 oz to 190 000 oz, despite maintaining its total supply forecast for the 12 months at 7.9-million ounces, as higher projected mining supply was expected to ...
Mon, 18 May 2015 02:25:00 -0600 Source: Miningweekly
South African platinum supply forecast to rise 30%
Mon, 18 May 2015 02:10:21 -0600 Source: Mineweb
Barrick Gold's exploration partner Coral Gold Resources has announced that the company will end its mining project in Nevada due to budgetary constraints.
Sun, 17 May 2015 17:00:00 -0600 Source: NRI: Mining Technology
Illegal gold mining in central Nigeria's Niger state has resulted in the deaths of 28 children from lead poisoning.
Sun, 17 May 2015 17:00:00 -0600 Source: NRI: Mining Technology
Yellow metal declines from its three-month high as traders cash in on recent gains, with silver prices also slipping.
Fri, 15 May 2015 17:55:45 -0600 Source: bnamericas.com: Metals
Silver has enjoyed a fantastic week, awakening from its bottoming slumber to surge with gold. And this strong silver investment demand is likely only starting. American stock traders and futures speculators control two of the world's ...
Fri, 15 May 2015 12:39:36 -0600 Source: Safehaven
LONDON, May 15- Gold held near three-month highs on Friday, heading for its biggest weekly gain since mid-January, as soft U.S. consumer sentiment data weighed on the dollar and further diminished expectations for a near-term rise in U.S. interest rates. Spot gold was up 0.2 percent at $1,223.76 ...
Fri, 15 May 2015 08:52:00 -0600 Source: CNBC.com | Interest Rates
Bokoni Platinum mine workers returned to work after three days of violent community protests which halted the operations at Atok in Sekhukhune, Limpopo. The protesters were demanding to meet with the mine management, government and members of Community Trust entrusted to guard community interests...
Fri, 15 May 2015 00:22:00 -0600 Source: Miningweekly
Precious metal prices soar following weak US retail sales report and a declining dollar, raising expectations of later interest rate rises.
Thu, 14 May 2015 19:31:10 -0600 Source: bnamericas.com: Metals
First Mining Finance has signed an agreement to acquire all of the outstanding common shares of Coastal Gold (COD).
Thu, 14 May 2015 17:00:00 -0600 Source: NRI: Mining Technology
Rescue workers are trying to reach the miners trapped underground.
Thu, 14 May 2015 10:40:40 -0600 Source: Mineweb
In light of all the downscaling activity in the local mining industry, Mineral Resources Minister Ngoako Ramathlodi on Thursday said he was “alarmed at the rate at which retrenchments have been taking place.” Most recently, platinum miner Lonmin announced that it was looking to scale down by abou...
Thu, 14 May 2015 08:56:00 -0600 Source: Miningweekly
Mining production increased by 18.8% year-on-year in March, with the highest positive growth rates recorded for platinum-group metals (PGMs), at 132.2%, manganese ore, at 17.3% and nickel at 15%. The main contributors to the 18.8% increase were PGMs, contributing 13.1 percentage points; coal, con...
Thu, 14 May 2015 08:22:00 -0600 Source: Miningweekly
Although the platinum price is expected to average $1 170/oz this year, Thomson Reuters GFMS warns that it might test the $1 000/oz level during the year. “The bearish view is based on the increase in supply, more specifically the estimated 22% rise in South Africa’s mine production and 10% rise ...
Thu, 14 May 2015 06:56:00 -0600 Source: Miningweekly
Sudan has showcased 102 potential ventures worth $16 billion to United Arab Emirates investors at a key joint investment conference between the two countries.The potential investments are in areas of oil and gas, mining, agriculture, livestock, real estate, tourism, services, banking, telecommuni...
Thu, 14 May 2015 06:43:17 -0600 Source: Financial Planning
The company plans to sell assets to pay down debt.
Thu, 14 May 2015 05:21:21 -0600 Source: Mineweb
Yellow metal surges above US$1,200/oz for the first time in May with silver also rising on further signs of faltering economic growth in the US.
Wed, 13 May 2015 18:16:07 -0600 Source: bnamericas.com: Metals
Bolivia, a major zinc and silver producer, saw mining exports drop in the double digits as slumping zinc, silver, lead, tin and tungsten sales offset higher export revenue from copper and gold.
Wed, 13 May 2015 18:15:37 -0600 Source: bnamericas.com: Metals
An underground gold mine in Riosucio in Colombia's Caldas province has flooded and trapped at least 15 workers.
Wed, 13 May 2015 17:00:00 -0600 Source: NRI: Mining Technology
While the salaries of the lowest paid employees have not substantially increased over the past 21 years, the salaries of those who are occupying managerial positions have been “skyrocketing”, which has only widened the gap between workers’ salaries and those of management, Association of Minework...
Wed, 13 May 2015 09:15:00 -0600 Source: Miningweekly
Zimbabwe-focused gold miner Caledonia Mining’s 49%-owned Blanket mine produced 9 960 oz in the first quarter of the year. Although output was 2.7% lower than in the first quarter of 2014, it was in line with expectations.
Wed, 13 May 2015 08:40:00 -0600 Source: Miningweekly
Gold is going higher following our 4 hour chart count to complete a wave C in ending diagonal pattern larger degree. We would like to see this metal to go through 1.213 price point which will confirm that current path is further up.
Wed, 13 May 2015 08:20:27 -0600 Source: Safehaven
Platinum group metals miner Atlatsa Resources has confirmed that operations at its Bokoni platinum mine, in South Africa’s Bushveld Complex, have been interrupted by community unrest in the area. Members of the nearby community on Monday blocked the main road leading to the mine with burning tyre...
Wed, 13 May 2015 01:44:00 -0600 Source: Miningweekly
Operations at Bokoni Platinum Mine in South Africa have been hit after protests at the mine site by local residents.
Tue, 12 May 2015 17:00:00 -0600 Source: NRI: Mining Technology
Community protest action prevents employees from reporting to work JOHANNESBURG, May 12, 2015 /PRNewswire/ - Atlatsa Resources Corporation ("Atlatsa") (TSX, NYSE MKT and JSE: ATL) confirms that operations at the Bokoni Platinum Mine ("Bokoni") have been interrupted by the recent...
Tue, 12 May 2015 11:31:00 -0600 Source: PR Newswire: Mining/Metals
There is positive price action in many individual gold and silver stocks now. Big rallies are occurring, even on days when gold and silver bullion are trading lower. Of course, these surging stocks are still a minority, but that's ...
Tue, 12 May 2015 07:56:04 -0600 Source: Safehaven