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The slowdown of worldwide trade and GDP may affect different currencies in distinct ways. It is well time that we briefly analyze the relationship between the yellow metal and other currencies than the U.S. dollar.
Fri, 29 May 2015 19:23:15 -0600 Source: Safehaven
South Africa’s gold mining industry needed to undergo a structural shift and significant modernisation to curb the socioeconomic pressures it was facing and to create a sustainable, uninterrupted operating environment, South Africa’s gold miners have stated. In the latest update from their ‘This ...
Fri, 29 May 2015 07:53:00 -0600 Source: Miningweekly
Platinum miners betting on fuel cell vehicles to help boost demand for the precious metal and lift moribund prices are in danger of having their hopes dashed, at least in the medium term: electric and hybrid cars are taking a bigger share of the market. The world's three largest platinum producer...
Fri, 29 May 2015 07:48:00 -0600 Source: Miningweekly
The Department of Health (DoH), along with eight current and historical gold mining companies, on Friday launched their Project Ku-Riha – meaning compensation in Tsonga. The project was aimed at tackling the backlog of compensation claims from mineworkers who suffered occupational lung diseases w...
Fri, 29 May 2015 07:25:00 -0600 Source: Miningweekly
South African gold producer Harmony Gold is in talks with unions to cut more than 3 000 jobs at its Doornkop mine, the National Union of Mineworkers said on Friday. Officials at Harmony could not be reached for comment.
Fri, 29 May 2015 06:10:00 -0600 Source: Miningweekly
HOUSTON, May 29, 2015 /PRNewswire/ -- Golden Global Corp, (OTC SEC reporting Pink-GLDG) is pleased to announce that gold mining is expected to commence at its McDame lease in British Columbia, Canada in June/July 2015. Sufficient funds are being sought for the purchase of the extra...
Fri, 29 May 2015 05:58:00 -0600 Source: PR Newswire: Mining/Metals
TORONTO, May 29, 2015 /PRNewswire/ - Roxgold Inc. ("Roxgold" or "the Company") (TSX.V: ROG) is pleased to announce that it has received approval of its Mining Convention for the Yaramoko Gold Project from Burkina Faso's Council of Ministers. This follows the recent approval of...
Fri, 29 May 2015 05:00:00 -0600 Source: PR Newswire: Mining/Metals
LONDON, May 29- Gold steadied off the previous session's 2-1/ 2 week low on Friday, supported by uncertainty over Greece's debt talks, but still under pressure from expectations that a rise in U.S. interest rates may come soon. Spot gold was at $1,188.30 an ounce at 0915 GMT, little changed from ...
Fri, 29 May 2015 03:35:00 -0600 Source: CNBC.com | Interest Rates
*Gold supported by easier dollar. SINGAPORE, May 29- Gold was hovering above a 2-1/ 2- week low on Friday as the dollar gave back some of its recent gains, but the metal was still headed for a second straight weekly decline on the prospect of higher U.S. interest rates. "The market looks set to ...
Thu, 28 May 2015 21:12:00 -0600 Source: CNBC.com | Interest Rates
The yellow metal has languished at around US$1,200/oz for more than two months in one of its most stable periods in years.
Thu, 28 May 2015 12:16:03 -0600 Source: bnamericas.com: Metals
Capital Economics says prices will improve dramatically on increased industrial and jewelry demand, and falling mine production.
Thu, 28 May 2015 12:15:53 -0600 Source: bnamericas.com: Metals
East Africa-focused gold production and exploration company Shanta Gold has secured $40-million in loan facilities from Investec Bank. The company said that its operating subsidiary Shanta Mining Company, would use $20-million of the $40-million loan facilities to refinance an existing bank loan ...
Thu, 28 May 2015 08:29:00 -0600 Source: Miningweekly
The Environmental Protection Agency of Ghana has given its approval for ASX- and TSX-listed Perseus Mining to extend mining operations at its Edikan gold mine.Perseus said on Thursday that the approval of the supplementary environmental-impact statement for the Edikan mine would allow the gold mi...
Thu, 28 May 2015 00:44:00 -0600 Source: Miningweekly
Gold struggled to recover from a two-week low as a robust dollar and the prospects of higher U.S. interest rates dented demand for the metal.
Wed, 27 May 2015 23:45:00 -0600 Source: CNBC.com | Stock Market Headlines
The yellow metal's gains are marginal as the US dollar remains around the 92 euro cents mark, with silver hit by investor selling.
Wed, 27 May 2015 18:21:04 -0600 Source: bnamericas.com: Metals
China has set-up a new $16bn mining fund for investment in gold mines to increase the country's trade influence of the metal.
Wed, 27 May 2015 17:00:00 -0600 Source: NRI: Mining Technology
Peter Major on how management has lost control of their mines.
Wed, 27 May 2015 13:16:04 -0600 Source: Mineweb
Intertech Solutions Provides Corporate Update and Status Mine Permitting at the WPE Gold Project, Arizona
SCOTTSDALE, Arizona, May 27, 2015 /PRNewswire/ -- Intertech Solutions Inc. (OTC: ITEC) ("Intertech Solutions Inc.," "ITEC" or the "Company") today wishes to update shareholders as to corporate developments and ongoing status of the permitting for the WPE Gold Project. Management has...
Wed, 27 May 2015 07:25:00 -0600 Source: PR Newswire: Mining/Metals
TORONTO, May 27, 2015 (GLOBE NEWSWIRE) -- Sprott Asset Management LP ("Sprott"), together with Sprott Physical Gold Trust (NYSE:PHYS) (TSX:PHY.U) and Sprott Physical Silver Trust (NYSE:PSLV) (TSX:PHS.U) (the "Sprott Physical Trusts"), today announced that it has formally comme...
Wed, 27 May 2015 05:00:00 -0600 Source: Metals News via PrimeZone
China's Zijin Mining Group , which announced two acquisitions on Tuesday for more than $700-million, believes now is the good time to buy overseas assets as the mining sector is weak, a senior executive said on Wednesday."In terms of acquisitions, now is the low level (of prices), good opportunit...
Wed, 27 May 2015 00:14:00 -0600 Source: Miningweekly
The yellow metal fell back below the US$1,200/oz mark on US dollar pressure.
Tue, 26 May 2015 19:06:16 -0600 Source: bnamericas.com: Metals
Chinese mining company Zijin Mining Group has signed a deal to invest $710m to buy a stake in gold and copper mining assets owned by two Canadian companies in Congo and Papua New Guinea.
Tue, 26 May 2015 17:00:00 -0600 Source: NRI: Mining Technology
NEW YORK, May 26, 2015 /PRNewswire/ -- Gold Bullion International (GBI: www.bullioninternational.com) has announced the appointment of Jammy Chan as Head of Business Development for Asia. Mr. Chan will be responsible for sales and marketing of the firm's precious metals solutions in...
Tue, 26 May 2015 17:00:00 -0600 Source: PR Newswire: Mining/Metals
VANCOUVER, May 26, 2015 /PRNewswire/ - Gold Bullion Development Corp. (TSX.V: GBB) (OTCPINK: GBBFF) (the "Company" or "Gold Bullion") has received an updated Mineral Resource estimate on its Granada Gold Property located south of Rouyn-Noranda, Quebec. This update takes the 1 g/t range...
Tue, 26 May 2015 13:07:00 -0600 Source: PR Newswire: Mining/Metals
Barrick Niugini owns 95% of the Porgera gold mine.
Tue, 26 May 2015 09:35:42 -0600 Source: Mineweb
Canadian mineral explorer Ivanhoe Mines and China’s Zijin Mining Group have agreed to codevelop the Kamoa copper discovery, in the Democratic Republic of Congo (DRC). Under the terms of the agreement, Zijin, through its subsidiary Gold Mountains International Mining, would buy a 49.5% interest in...
Tue, 26 May 2015 07:13:00 -0600 Source: Miningweekly
The E-Scrap Committee of the Bureau of International Recycling (BIR) heard two electronics OEMs describe their recycling and sustainability strategies during its meeting at the 2015 World Recycling Convention in Dubai in May. Andrea Sarudi of the Corporate Environmental Affairs department of IBM...
Mon, 25 May 2015 22:00:00 -0600 Source: Recycling Today
The yellow metal's recent gains have been undermined by investor selling, while downward pressure from expected US interest rate hikes later this year will be offset by physical demand.
Mon, 25 May 2015 19:56:02 -0600 Source: bnamericas.com: Metals
VANCOUVER, May 25, 2015 /PRNewswire/ - Pan American Silver Corp. (NASDAQ: PAAS; TSX: PAA) (the "Company") regrets to report that two employees sustained fatal injuries in a single vehicle accident involving a water truck at the Company's Manantial Espejo mine in Santa Cruz, Argentina, on...
Mon, 25 May 2015 18:47:00 -0600 Source: PR Newswire: Mining/Metals
It always has been. And on a value basis, it's also a good buy. Silver has been chugging more than gold but once it pops up, it could take off like a bandit. There are many reasons why silver will go higher and it's just a matter of time.
Mon, 25 May 2015 18:18:43 -0600 Source: Safehaven
Barrick Gold has signed an agreement to sell its Cowal gold mine in New South Wales, Australia, to Evolution Mining in a deal worth $550m.
Mon, 25 May 2015 17:00:00 -0600 Source: NRI: Mining Technology
Greg Hunter’s USAWatchdog.com Dear CIGAs, Bill Murphy, Chairman of GATA (Gold Anti-Trust Action Committee), says precious metal prices have been relentlessly rigged by central banks and governments. Murphy contends, “If gold were to just to have kept pace with inflation, forget all the QE, ...
Mon, 25 May 2015 13:11:12 -0600 Source: Jim Sinclair's MineSet
Fuel cell electric vehicles will allow platinum mining to build its future in a truly sustainable way on the back of zero exhaust emissions and the use of the world’s endless supply of hydrogen as a fuel source, Anglo American Platinum (Amplats) CEO Chris Griffith has told Platinum Week 2015 in L...
Mon, 25 May 2015 06:42:00 -0600 Source: Miningweekly
“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
Gold was trading close to its lowest level in over a week on Monday after Federal Reserve Chair Janet Yellen indicated the US central bank was likely to raise interest rates this year and as the dollar strengthened to its highest in a month. Spot gold had slipped 0.1% to $1 204.55 an ounce by 033...
Mon, 25 May 2015 00:24:00 -0600 Source: Miningweekly
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