Two miners have died after a section of Sibanye-Stillwater's (JSE:SGL) (NYSE:SBGL) Kloof gold operation in South Africa collapsed on Wednesday, about a week after more that 1,000 workers were trapped underground at another of the company's mines in the country.Sibanye-Stillwater has suspended production at the affected area pending an investigation into the incident with the participation of the...Read More
https://www.wsj.com/Congo's state-owned miner pushes for re-nationalization of mines; global players in resource-rich nation include Glencore and RandgoldCongo's state-owned mining firm, G?(C)camines SA, is pushing to renationalize the Central African nation's rich natural resources, in a move that could roil some of the world's largest mining companies and have implications for industries ranging...Read More
Published on: Feb 7, 2018 | by finfeedCastillo Copper (ASX:CCZ) today revealed to the market that significant massive sulphide mineralisation has been drilled at the historic Cangai Copper Mine, situated at the Jackaderry Project, NSW.Outstanding drilling logs confirmed that seven out of eight and a half drill-holes intersected sulphide mineralisation, with the best intersecting 30 metre thick min...Read More
In the wacky world of cryptocurrencies, as soon as I hit the ‘publish’ button on any article, I can pretty much rest assured knowing that whatever thoughts that I have at that moment will be relegated to obsolete immediately after.That’s just the way the game goes in Cryptoverse… We are operating in a sector that moves at the speed of light and is driven by sentiment much m...Read More
One of the best pieces of investment advice I ever got was from a hedge fund manager in New York.His name was Jimmy, and he acted exactly as you'd expect a hedge fund manager to act.Cocky, self-assured, and completely disassociated from humanity.For him, life is all about making money. And he's never made a single apology for it.Truth be told, he's not a very nice person, either.He treats his empl...Read More
Via Sovereignman.comThe United States Court of Appeals for the First Circuit gave us an interesting glimpse of the future last week when it ruled on an obscure case involving government pension obligations.Ever since the mid-1990s, police officers and fire fighters in the town of Cranston, Rhode Island had been promised state pension benefits upon retirement.But, facing critical budget shortfall...Read More
Via Sovereignman.comThe United States Court of Appeals for the First Circuit gave us an interesting glimpse of the future last week when it ruled on an obscure case involving government pension obligations.Ever since the mid-1990s, police officers and fire fighters in the town of Cranston, Rhode Island had been promised state pension benefits upon retirement.But, facing critical budget shortfall...Read More
Nevada Sunrise Gold Corporation ('Nevada Sunrise' or the 'Company') (TSXV: NEV) announces that it will make an application to the TSX Venture Exchange (the 'TSXV') to amend the term of an aggregate of 565,000 outstanding share purchase warrants, (the 'Warrants') which were issued in connection with a non-brokered private placement (see Nevada Sunrise news re...Read More
Newrange Gold Corp. ('Newrange' or the 'Company') (TSXV:NRG)(OTC PINK:NRGOF)(FRANKFURT:X6C) is pleased to announce that effective at the beginning of trading on Wednesday, February 7, 2018, the Company will commence trading on the OTCQB Venture Market in the United States under the symbol NRGOF.Read full newsRead More
CloseGain/LossGold $1321.70-$14.60Silver$16.60-$0.10XAU82.10-1.17%HUI181.87-2.12%GDM620.26-2.27%JSE Gold1193.12-7.05USD89.71+0.11Euro123.77-0.15Yen91.34-0.03Oil$63.39-$0.7610-Year2.802%+0.071T-Bond145.625-0.0625Dow24912.77+2.33%Nasdaq7115.88+2.13%S&P2695.14+1.74% The Metals: Gold gained $9.70 to $1346.00 in early Asian trade and held most of those gains into London, but it then fell back o...Read More
- Gold gains 0.6% in USD and surges 1.7% in euros and pounds- European stocks fall more than 3% at the open after sharp falls in Asia- DJIA falls 1,175 points, S&P 500 down 4.1% and Nikkei plummets 4.7%- Gold rises from $1,330 to $1,342, ?942 to ?960 and EUR1,067 to EUR1,085 /oz- Bitcoin crashes another 10% and has now plummeted by 70% to below $6,000- Increased risk aversion will drive safe hav...Read More
Gold rose due to safe haven demand on the global stock market plunge. Gold gained despite a strong US dollar. If gold rises today, then there will be short covering. A lot of short term traders are short. One needs to remain on the sidelines in gold and silver. In case of extreme margin money pressure in stock markets, some of the long positions in precious metals and industrial metals could get...Read More
Randgold Chief Executive Mark Bristow says further consultation is needed on the new proposed mining code in the country.Read full newsRead More
FTSE 100 closes 193 pts lowerNew York trading volatile as Dow rally swiftly reversedUS blue chips suffered biggest one-day fall since 2011 on Monday FTSE 100 finished 2.64% lower on Tuesday as the global stock slide, which started in the US, continued.Britain's blue chip benchmark closed down over 193 points at 7,141. FTSE 250 also tanked, to close down 2.17%, or almost 428 points, at 19,262....Read More
Northisle Copper and Gold Inc. (TSX-V:NCX) ("Northisle" or the "Company") is pleased to announce the appointment of Martino De Ciccio to the Board of Directors.Read full newsRead More
ANGKOR GOLD CORP.(TSXV:ANK / OTC:ANKOF) ("Angkor" or "the Company") Board of Directors announces new appointments within management.Read full newsRead More
Enforcer Gold Corp. (TSXV:VEIN) is pleased to report on a new zone of mineralization named the OR79 zone located approximately 1.5 km west-southwest of the Galena-No.2 vein area at the Company's Montalembert gold projectRead full newsRead More
Harry Adams, executive chairman at KEFI Minerals plc (LON:KEFI), updates Proactive's Andrew Scott on the latest at their Tulu Kapi project in Ethiopia.A consortium compromising mining contractor Ausdrill, engineer Lycopodium, and the Ethiopian government is responsible for the infrastructure and building work.Building work is scheduled to start in the second quarter of 2018 once community resettle...Read More
Neville Upton, chief executive of Gfinity Plc (LON:GFIN), tells Proactive's Andrew Scott their Australian joint venture, Gfinity Australia, has entered into a long-term deal with the cinema chain Hoyts to roll out their successful 'Elite Series' events.The move will see Gfinity's gaming equipment and production facilities installed inside cinemas - the first being the Hoyts Entertainment Quarter i...Read More
Highland Gold Mining Ltd (LON:HGM) was a good gainer in late afternoon trading, up 1.4% at 148.1p after the AIM listed firm provided an updated mineral resource estimate for its flagship Kekura project which showed increased total gold reserves though at slightly lower grades.The new resource update gives total gold reserves of 2.0mln ounces of gold at a grade of 7.0 grammes of gold per tonne of o...Read More