Mining Services
Revival Gold is restarting its Idaho mine
Revival Gold inc. is working on the recommissioning of Beartrack-Arnett, Idaho's largest past producing gold mine. The mine is also home to the second largest known gold deposit in the state. Multi-ounce potential A preliminary economic assessment and drilling …
Maduro is betting on gold while his country is shipwrecked
Does gold equate to money? Venezuelan President Nicholas Maduro certainly seems to believe that. After all other options have been exhausted and there is no more room on its paper currency to print any more zeros, Venezuela has clung to the idea that gold …
BHP aims to be carbon-neutral until 2050
BHP (ASX, LON, NYSE: BHP) is working on the details of a revised strategy to reduce the company's operating emissions and diesel consumption that will set specific targets by 2030, Chief Executive Mike Henry said Thursday. The "very concrete measures" due to …
Copper Prices show strong increase after demand rush from China
Copper hit the psychologically important $ 3 per pound mark again on Thursday, due to falling inventories, booming Chinese demand and pandemic-stricken supply from South America, the US and Africa. Copper for December delivery traded on the Comex in New York …
Rising gold price helps Gold Fields to boost profits
South African mining company Gold Fields reported a big jump in half-year earnings on Thursday, benefiting from a surge in the price of gold. Gold's surge to record highs above $ 2,000 an ounce and a weaker rand have given the South African gold industry, …
What is happening with Glencore´s Congo Cobalt Mine?
A year ago, Glencore announced it would cease operations at its Mutanda copper-cobalt mine in the Congo, breathing life into a market whose trading volume was 70% below its peak 18 months earlier. Given that Mutanda is the largest cobalt mine in the world, …
Ivanhoe partners with Chinese mining conglomerate
Canada's Ivanhoe Mines announced an agreement with China Nonferrous Metal Mining (Group) Co. Ltd (CNMC) on Tuesday, under which the companies would jointly seek out African mining projects for exploration, development or acquisition. Ivanhoe co-chairs Robert …
Platina Resources shifts focus on gold mining
Platina Resources (ASX: PGM) believes it can capitalize on investors' interest in gold. The company said today that it "quickly turned the business" and built a gold portfolio. In early June, the company entered into a conditional agreement to acquire a 100% …
Mining Companies now prefer listings in London or New York
Canadian mining companies who want to attract new investors are increasingly opting for secondary listings in London and New York, which underlines the pent-up demand for the precious metal from generalist funds. Gold prices XAU = are up 32% this year as …
Second lockdown controversy in Peru also hits the mining industry
Angry residents of Peru's Andean and Amazon regions last week attacked three mining and oil companies, two of which were forced to shut down following fatal clashes when a second wave of COVID-19 infections struck the country. The main reason: the demand for …