R/€ = 16.36 Change: 0.00
R/$ = 14.26 Change: 0.00
Au 1232.00 $/oz Change: -0.50
Pt 832.50 $/oz Change: 4.25


Lab-made diamonds for less: Why De Beers's plan worries rivals

By: Bloomberg     4th September 2018 De Beers hasn’t even opened its first synthetic diamond store, but its looming entry into the market for man-made gems has already shaken the industry. The unit of Anglo American said three months ago that it plans to sell lab-grown diamonds at a fraction of the going rate, undercutting rivals... 

A new era of batteries spells trouble for gas in America

By: Bloomberg     12th January 2018 California, the state that helped birth the global boom in battery-toting electric vehicles, is trying to spark a similar transformation for utilities. And that spells trouble for power plants all across the U.S. that run on natural gas. The California Public Utilities Commission approved an... 

Four NGOs file federal suit to overturn Hudbay’s Rosemont Forest Service RoD

By: Henry Lazenby     28th November 2017 Four nongovernmental organisations (NGOs) have filed a federal lawsuit in the US District Court seeking declaratory and injunctive relief against the US Forest Service for issuing Canadian miner Hudbay Minerals’ Rosemont copper project, in Arizona, a positive ‘record of decision’ (RoD) in June.... 

Money 'tsunami' may spur quadrupling of gold prices, McEwen says

By: Bloomberg     22nd November 2017 Gold has bottomed out, according to one of the industry’s biggest bulls. Prices could surpass $5 000/oz in five years, from about $1 280 now, as investors seek returns amid a prolonged period of cheap money and use the metal as a haven from geopolitical and financial risk, McEwen Mining CEO Rob... 

China gobbles Amazon rainforest ore to clean polluted skies

By: Bloomberg     12th October 2017 A bid by China to clean up pollution in its biggest cities and industrial towns is fueling a push to mine resource riches on the other side of the globe in the Amazon rainforest -- one of the most environmentally sensitive areas on Earth. Smog-laden skies across the world’s most-populated country... 

Biggest coal plant in US west gets another two years to live

By: Bloomberg     28th June 2017 The Navajo generating station, the biggest coal-fired power plant in the US West, will live to see another two years. On Monday, Navajo Nation leaders approved a lease with the plant’s utility owners that will keep the ailing, 2 250 MW complex operating through December 2019. The owners signaled... 

Trump woe seen double-edged sword for gold if inflation ebbs

By: Bloomberg     22nd May 2017 For gold, the biggest crisis of Donald Trump’s Presidency could cut both ways. While prices may continue to rise as investors seek a “safety trade", they could also drop if the turmoil ends up damping inflation risks as growth expectations are disappointed, according to Michael Cuggino,... 

Oil and mining giants detail road map to reduce carbon by half

By: Bloomberg     25th April 2017 A group of companies and nonprofit agencies that includes energy giants Royal Dutch Shell and BHP Billiton said global greenhouse gas emissions could be cut in half by 2040 without impeding economic development, in part by converting grids to use mostly renewable power. The declining costs of... 

Caterpillar Sponsors Hackathon to Create Innovative Solutions for Boosting Mining Equipment Operator Performance

7th September 2016 Software developers, data scientists, engineers and entrepreneurs will convene in San Francisco from September 23-25, 2016 for a 54-hour hackathon sponsored by Caterpillar and Unearthed, an Australia-based open innovation organization for the global resources sector. The hackathon format brings... 

Fortune focuses on financing with new VP, CFO appointment

By: Henry Lazenby     7th September 2016 Multimineral project developer Fortune Minerals is redoubling its focus on securing project financing for its Nico cobalt/gold/bismuth/copper project, in Canada’s Northwest Territories (NT), with the appointment of mining veteran David Massola as CFO and VP of financing. With more than 30 years... 

Timmins Gold extends San Francisco mine life to 2023

By: Henry Lazenby     24th August 2016 Mexico-focused gold miner Timmins Gold has completed a new Canadian National Instrument 43-101-compliant technical report on its San Francisco gold mine, extending the mine life out to 2023. The Vancouver-based company on Monday announced a new mine plan for the asset that is expected to generate... 

New geology software version due for release next year

27th November 2015 Mining solutions developer Maptek will release the latest version of its mine-planning software suit Vulcan 10 in the first quarter of 2016. Vulcan incorporates a dedicated geology package that features tools that enable geologists to access and view drillhole data, define geological zones and... 

Kootenay Silver options San Diego property to AuRico Gold

By: Henry Lazenby     14th May 2015 TSX-listed Kootenay Silver on Thursday announced that its Mexican subsidiary Minera JM (MJM) had entered into an option agreement with fellow TSX-listed miner AuRico Gold’s subsidiary Oro de Altar (ODA) that would allow ODA to earn up to a 100% interest in Kootenay’s San Diego property, in... 

Miners report first-quarter output ahead of financials

By: Henry Lazenby     18th April 2015 Several miners reported production results this week ahead of publishing financial results for the three months ended March 31. NYSE- and TSX-listed McEwen Mining reported 23% increased gold output to 24 696 oz and a decline in silver production of 10% to 655 339 oz in the period when compared... 

Paramount further expands San Francisco bulk tonnage potential at San Miguel

By: Creamer Media Reporter      19th November 2014 New core drilling at TSX- and NYSE-listed Paramount Gold & Silver’s 100%-owned San Miguel project in northern Mexico continues to expand the potential size of the bulk minable San Francisco deposit. The US-based exploration and development company reported on Wednesday that three new holes... 

Natural treasures of the Gold Rush countries

By: Jade Davenport     14th November 2014 A buzz of excitement swept through the historic gold mining state of California, US, at the end of October, when a recently discovered 75 oz gold nugget was put on show and sold for about $400 000. According to the San Francisco Chronicle, the rare clump of gold, which has been christened the... 

Agrium stock surges as activist investor amasses sizeable position

By: Henry Lazenby     25th October 2014 Canadian fertiliser producer Agrium's stock rose 7.46% on the NYSE on Friday after San Francisco-based activist investor ValueAct Capital Management disclosed a 5.7% stake in the Canadian fertiliser giant in a Securities and Exchange Commission filing. Starting in August, ValueAct amassed about... 

Timmins Gold updates San Francisco reserves, mine plan

By: Henry Lazenby     6th November 2013 Canadian gold miner Timmins Gold on Tuesday announced an updated resource at its San Francisco mine, in Sonora state, Mexico, prompting it to also update the operation’s mining plan. A recent drilling programme had enabled the company to update its Canadian National Instrument 43-101-compliant... 

Upgraded software packages add value to mining operations

By: Ilan Solomons     27th September 2013 Enterprise software and service provider Ventyx, subsidiary of power and automation technology group ABB, has, over the past 18 months, introduced enhanced capabilities to its intelligent mining suite, with a particular focus on mine planning, mine-to-market logistics and production accounting.... 

‘Gold! Gold! Gold on the American river’

23rd November 2012 On a fine spring morning in 1848 Samuel Brannan, an American settler, entrepreneur and journalist, paraded through the streets of the tiny village of San Francisco brandishing a small bottle of gold dust shouting, “Gold! Gold! Gold in the American River!”. Such was the flamboyant and calculated... 

Timmins Gold raises its game with Q2 results

By: Henry Lazenby     14th August 2012 Toronto-listed gold miner Timmins Gold had lifted its second-quarter earnings by 7% to $6.16-million, mainly as a result of significantly higher metals sales and the higher gold price. The company said on Tuesday it had produced a record 23 203 oz of gold in the quarter, which ended on June 30,... 

Mindoro sells Philippine projects to Red Mountain Mining

By: Henry Lazenby     23rd July 2012 Toronto- and Sydney-listed Mindoro Resources on Monday said it had signed a binding all-script agreement in which it had spun out its Philippine projects to ASX-listed Red Mountain Mining. 

Timmins Gold Q1 output hits record 21 532 oz

By: Henry Lazenby     11th April 2012 Despite four days downtime to implement the first of a three-stage capacity improvement programme at its La Chicharra pit, TSX-listed Timmins Gold on Wednesday reported record first-quarter gold production of 21 532 oz. The miner, which owns the San Francisco gold mine in Mexico, produced 18 395... 


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