While automation is often seen as a silver bullets that can solve a range of mining's problems, for Roy Hill's Christine Eriksen automation is actually a holistic approach with the majority of the time, effort and funds to be invested in changing in the people working with the technology on the frontline."You realised that silver bullet approach solely based on technology wasn't going to work. Tha...Read More
Within the highly competitive and capital-intensive mining sector, crowdsourced technology-driven solutions to some of the industry's most challenging problems are being unearthed.From its Melbourne head office, one of the world's largest gold mining companies, Newcrest Mining, has partnered with Unearthed Solutions to deliver an online platform that utilises the global collective wisdom of 'the c...Read More
The global mining sector's comeback signalled great expectations-improved employment, wages and economic wealth. However, the windfall will be short lived according to Peter Bryant, managing partner of Chicago-based strategic growth firm Clareo.Speaking at the International Mining and Resources Conference, Bryant said if miners want a new era of prosperity they must upend the traditional approach...Read More
Like any team at the height of their career, the Australian resource must work harder than its competitors to keep at the top according to Resource Minister Matt Canavan."In the last 20 years, we have seen remarkable growth in the resources sector. We have double the number of people working in mining today than we did before the mining boom. The mining sector regularly contributes over $20 billio...Read More
CloseGain/LossGold $1223.60-$5.50Silver$14.48+$0.03XAU65.44+1.14%HUI145.23+0.84%GDM532.62+0.49%JSE Gold1170.50+4.49USD96.99+0.38Euro113.45-0.40Yen88.65-0.41Oil$66.18-$0.8610-Year3.119%+0.031T-Bond138.84375-0.50Dow24874.64+1.77%Nasdaq7161.65+1.58%S&P2682.63+1.57% The Metals: Gold dropped $9.10 to $1220.00 in London before it chopped back higher in early New York trade, but it still ended wi...Read More
India has done a bilateral forex swap agreement with Japan and China separately. China has done a forex swap agreement with Japan. Forex swap agreement between large nations like India, China and Japan will result in more and more nations copying them. Net result is a decline in the US dollar share in global trade and a decline in the purchasing power of the US dollar. Gold will be a medium of s...Read More
India has done a bilateral forex swap agreement with Japan and China separately. China has done a forex swap agreement with Japan. Forex swap agreement between large nations like India, China and Japan will result in more and more nations copying them. Net result is a decline in the US dollar share in global trade and a decline in the purchasing power of the US dollar. Gold will be a medium of s...Read More
Yes - cash is back. Once again people who don't want to take on the risks of the stock market or the bond market or the gold market or any other market - and just want a reasonable rate of return on their savings without having to worry - are starting to feel some love. Interest rates on two-year certificates of deposit or CDs - not quite "cash," but pretty close - have just cracked 3% for the fir...Read More
An extremely robust U.S. equities markets along with dollar strength put slight pressure on gold pricing today. The roller coaster ride that defines the U.S. equities market continues to oscillate strongly with significant gains today immediately following yesterday's dynamic selloff. Yesterday the Dow Jones Industrial Average traded within a range of over 900 points. Trading to a high which was a...Read More
An extremely robust U.S. equities markets along with dollar strength put slight pressure on gold pricing today. The roller coaster ride that defines the U.S. equities market continues to oscillate strongly with significant gains today immediately following yesterday's dynamic selloff. Yesterday the Dow Jones Industrial Average traded within a range of over 900 points. Trading to a high which was a...Read More
(Kitco News)- Optimism ishigh among delegates at the London Bullion Market Association’s 2018 preciousmetals conference, even as general investors continue to ignore the sector.In aconference poll, 682 attendees said that they see gold prices rising to $1,532an ounce by the next conference in 2019. The outlookcomes as gold prices struggled to hold on to last week’s three-month high.Dec...Read More
(Kitco News) - Optimism is high among delegates at the London Bullion Market Association’s 2018 precious metals conference, even as general investors continue to ignore the sector.In a conference poll, 682 attendees said that they see gold prices rising to $1,532 an ounce by the next conference in 2019. The outlook comes as gold prices struggled to hold on to last week’s three-month hi...Read More
"The new resource estimate encompasses about two-thirds of the total mineralized area defined to date, which extends over an area 2.5 km long by 600m wide. Mineralization remains open at depth and towards the southeast. https://t.co/5uv8IauwQM #Investing #Resource #Gold"Read full newsRead More
With gold closing around $1236, the market closing above the 9-day weekly moving average is confirmation that coming into this week we have a bullish trend momentum.If the gold market closes above $1235, the first target this week is the sell 1 (S1) level of $1247, and the second target is the sell 2 (S2) level at $1258.If the market comes down below $1235, it would negate this bullish trend to ne...Read More
Arizona prospector John Waddell realizes he's lucky to be alive after surviving a days-long ordeal at the bottom of an old abandoned mine shaft in the desertRead full newsRead More
Consumer confidence hit an 18-year high for OctoberStocks held onto big gains throughout today's session, thanks to a slew of positive corporate earnings and reduced trade anxieties. The Dow finished up over 430 points, aided by well-received quarterly results from Coca-Cola (KO). Meanwhile, the China tariff fears that triggered yesterday's sharp pivot lower were assuaged today after President Don...Read More
Gold has been unable to keep up the bid, losing strength to the dollar and US yields as investors look elsewhere for a return on investment. The risk mood has improved as US Treasuries, and the Japanese yen take a hit while US stocks stabilise and consolidate the recent series of daily losses. Technical support has failed at S1 1225 and price trades below the 21/10- 4hr SMA bearish crossove...Read More
Report says air pollution is having a devastating impact on children worldwide, storing up a public health time bombRead full newsRead More
WASHINGTON (Reuters) - The U.S. Interior Department’s acting inspector general has referred a probe into Interior Secretary Ryan Zinke’s conduct to the Justice Department for further investigation, media reports said on Tuesday, citing unnamed sources.Referring a probe to the Justice Department means it will explore whether evidence warrants a criminal investigation. Mary Kendall, the...Read More
SAN JOSE, Oct 30 (Reuters) - Costa Rica could face difficulty servicing its public debt obligations if President Carlos Alvarado's proposed fiscal reform is not approved soon, Central Bank President Rodrigo Cubero told Reuters in an interview.Costa Rica's external and domestic government debt is equivalent to 53 percent of gross domestic product (GDP), exposing its economy to the whims of rising i...Read More