The main buyer of electricity from an Arizona coal plant on the verge of closure said on Friday it will instead source its electricity largely from a solar power project, ignoring an appeal by the U.S. Interior Department to buy more power from the plant to keep it open.The Trump administration has been waging a broad effort to keep aging coal and nuclear plants from retirement, arguing that their...Read More
Regulations to implement Congo's new mining code have been signed into law with no changes, advisers to the prime minister told Reuters on Saturday, despite objections from mining firms that have been threatening legal action.Prime Minister Bruno Tshibala signed the regulations into law overnight, his adviser Patrick Mutombo Buzangu told Reuters by telephone, but gave no further details.The prime...Read More
Spanish media are reporting that between 3,000 and 5,000 people hailing from different cities in Spain, as well as from Portugal and France, rallied this weekend in Salamanca to express their rejection to a uranium mine being built in the Retortillo municipality.The Salamanca project is Berkeley Energia's (ASX, LSE: BKY) flagship mine and is located on the Retortillo-Santidad uranium deposit, in t...Read More
Researchers at the University of Notre Dame invented a new class of molecules whose shape and size enable them to capture and contain precious metal ions. In a study published in the Journal of the American Chemical Society, the scientists explain that the method they have developed converts gold-containing ore into chloroauric acid and extracts it using an industrial solvent. The container molecu...Read More
Civil Defense officers rescued a fifth body from a mine site in northern Mexico where a dam filled with liquid waste collapsed last Monday. Two other miners are still missing.A couple of workers who presented minor injuries were hospitalized earlier this week.The dam breach took place at the Cieneguita gold-silver mine, located in the Urique municipality of the Chihuahua state. The place is operat...Read More
The BLS (Bureau of Labor Statistics) released its "hey man, lots of jobs open" report last week. The problem is that the credibility of the report is only as good as the credibility of the organization that prepares the report. In this case, the BLS and Census Bureau, both of which are notorious for highly suspect data collection and data "adjustment" techniques (true story: sometimes Census...Read More
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08 Jun '18 Johannesburg, Friday, 8 June 2018. Harmony Gold Mining Company Limited ('Harmony' and/or 'the Company') regrets to advise that one of its employees was fatally injured in a fall of ground incident at its Bambanani mine in the Free State this morning and has tragically succumbed to his injuries. An investigation into the accident is underway. [...]This is an abst...Read More
Water sloshed into the air, onto the ground and all over the judges as members of the University of Arizona alumni team dunked and shook gold pans in a troughRead full newsRead More
CARSON CITY - Gold production in Nevada increased more than 3 percent in 2017 compared to last year while gold prices were up slightly, according to reports released in MayRead full newsRead More
"While the decline in housing activity has been significant and will probably continue for a while longer, I think the concerns we used to hear about the possibility of a devastating collapse-one that might be big enough to cause a recession in the U.S. economy-have been largely allayed..." - Janet Yellen 1/22/07The propaganda is always laid on the heaviest just ahead of The Fall. The employment...Read More
Originally Published by Electronic Frontier FoundationSo why do we know so little about it?The U.S. Department of Homeland Security (DHS) is quietly building what will likely become the largest database of biometric and biographic data on citizens and foreigners in the United States. The agency's new Homeland Advanced Recognition Technology (HART)database will include multiple forms of biometrics...Read More
The stock market is thoroughly overbought on both a short-term and intermediate-term basis and, on Thursday, that began to show as the tech sector and small-cap stocks corrected while investment bank stocks were still helping the Dow 30 to extend gains.Notice, the oscillators on this chart are extended and at levels where the market tends to correct. Even with all the bullish narrative, the S&P 50...Read More
CloseGain/LossOn WeekGold $1298.50+$1.60+0.42%Silver$16.76+$0.07+2.26%XAU82.93-0.07%-0.13%HUI178.83+0.11%-0.18%GDM623.60-0.30%+0.41%JSE Gold1060.13+14.27+4.47%USD93.57+0.12-0.70%Euro117.70-0.30+0.95%Yen91.40+0.22-0.02%Oil$65.74-$0.21-0.11%10-Year2.943%+0.024+1.41%Bond143.90625-0.21875-0.52%Dow25316.53+0.30%+2.77%Nasdaq7645.51+0.14%+1.21%S&P2779.03+0.31%+1.62% The Metals: Gold dipped to $12...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort185,32173,90550,712164,024298,371400,057422,988Change from Prior Reporting Period -8,331-4,617-2,230-7,337-9,679-17,898-16,526Traders18779744454260182 Small Speculators LongShortOpen Interest 50,58427,653450,641 -843-2,215-18,741 non reportable positionsChange from the previous...Read More
Next week is a very big week for the global financial markets due to:1. FOMC meet on 13th June2. Trump-Korean Leaders meet in Singapore on 12th June3. European central bank meeting on 14th June Plus the regular US economic data releases. Economics and geopolitics will be clashing with each other next week. The soccer world is also there next week. Some of the funds from equiti...Read More
Investor and commentator Cory Fleck of the Korelin Economics Report says investors need to appreciate that there's more to investing than just mining and resources.Read full newsRead More
Metallis Resources Inc (TSXV:MTS) ("Metallis" or the "Company") is pleased to announce the launch of its Phase 1 2018 exploration program at its 100% owned Kirkham Property, prospective for multiple deposit types in the heart of Northwest British Columbia's prolific Eskay Camp.Read full newsRead More
What's the best way to deal with a teacher who comes into your school and starts threatening all the other teachers? Well if you're Liberal party leader, and Canada's Prime Minister, Justin Trudeau, the answer is to lecture the bullying teacher about how his approach isn't the way to get along with all the other teachers. If you're the bully, you're not going to listen to that, and instead, will r...Read More
Westonaria, 8 June 2018: Sibanye-Stillwater (Tickers JSE: SGL and NYSE: SBGL) is pleased to advise that on 5 June 2018, the Company was awarded the 'Global Resources and Commodities M&A Deal of the Year' under the large-cap segment at the 10th Annual M&A Atlas Awards gala function, held at the Intrepid Museum in New York for the US$2.2 billion acquisition of Stillwater Mining Company in the United...Read More