Shares in NovaGold Resources (TSX: NG) got a boost Tuesday morning after the miner said that 2017 drilling results for its flagship Donlin project in Alaska, which is being developed in a 50-50 partnership with Barrick Gold (TSX, NYSE:ABX), unveiled higher gold grades than predicted by previous modeling.After completing a total of 16 core holes, the Canadian miner said it Intercepted distinct sig...Read More
Shares in NovaGold Resources (TSX: NG) got a boost Tuesday morning after the miner said that 2017 drilling results for its flagship Donlin project in Alaska, which is being developed in a 50-50 partnership with Barrick Gold (TSX, NYSE:ABX), unveiled higher gold grades than predicted by previous modeling.After completing a total of 16 core holes, the Canadian miner said it Intercepted distinct sig...Read More
Mr. Michael Allen reportsNORTHERN EMPIRE INTERSECTS 7.92 METERS OF 6.07 G/T GOLD AT NEW HIGH-GRADE, NEAR-SURFACE ZONE AT THE STERLING MINE IN NEVADA; EXPANDS PROPERTY TO 141 SQUARE KILOMETERSNorthern Empire Resources Corp. has released drill results from the company's 100-per-cent-owned Sterling mine located in Nye county, Nevada. STERLING DRILL RESULTSHole IDFrom (m)To (m) Interval (m)Au (g/t)*ST...Read More
Mr. Michael Allen reportsNORTHERN EMPIRE INTERSECTS 7.92 METERS OF 6.07 G/T GOLD AT NEW HIGH-GRADE, NEAR-SURFACE ZONE AT THE STERLING MINE IN NEVADA; EXPANDS PROPERTY TO 141 SQUARE KILOMETERSNorthern Empire Resources Corp. has released drill results from the company's 100-per-cent-owned Sterling mine located in Nye county, Nevada. STERLING DRILL RESULTSHole IDFrom (m)To (m) Interval (m)Au (g/t)*ST...Read More
AngloGold Ashanti Ltd. will reopen its idled Obuasi mine after Ghana approved a plan to redevelop the asset as a more profitable, mechanized operation.Obuasi, which for years battled incursions by illegal miners, is expected to start gold production by the third quarter of 2019, AngloGold said in a statement Tuesday. The initial cost of the project will be $450 million to $500 million over the fir...Read More
AngloGold Ashanti Ltd. will reopen its idled Obuasi mine after Ghana approved a plan to redevelop the asset as a more profitable, mechanized operation.Obuasi, which for years battled incursions by illegal miners, is expected to start gold production by the third quarter of 2019, AngloGold said in a statement Tuesday. The initial cost of the project will be $450 million to $500 million over the fir...Read More
By Takahiko WadaTOKYO, Feb 20 (Reuters) - Sixteen Japanese cryptocurrency exchanges will fix plans as early as next week to create a self-regulating body in a bid to better safeguard investors after a $530 million digital money heist last month, two source familiar with the plan said.A plan to merge two separate industry bodies, the Japan Cryptocurrency Business Association and Japan Blockchain As...Read More
* Obuasi had been invaded by army of illegal miners* Study has concluded mine can be brought back from the dead* Operation will now be modern and mechanised* Company posts lower earnings (Recasts with Ghana mechanisation plan)By Ed StoddardJOHANNESBURG, Feb 20 (Reuters) - AngloGold Ashanti will spend up to $500 million to mechanise its Obuasi mine in Ghana, capping a dramatic saga for an asset ren...Read More
But Bitcoin could be so much more than digital gold.Read full newsRead More
* Dollar index trades above last week's 3-year low* Correlation between dollar and U.S. Treasury yields reemerging* Short-covering seen supporting dollar* Graphic: World FX rates in 2018 By Jemima KellyLONDON, Feb 20 (Reuters) - The dollar continued its rebound from three-year lows on Tuesday, having recovered 1.5 percent since Friday on the view that the U.S. currency was due a correction after a...Read More
Toyota Motor Corp, Asia's No.1 carmaker, has found a way to make electric vehicles (EVs) more affordable and less vulnerable to shortages in supply of the key elements needed to produce the rechargeable batteries that power them.The key for such new wave of EVs is a magnet for electric motors developed by the Japanese firm, which halves the use of a rare earth called neodymium and eliminates the u...Read More
Toyota Motor Corp, Asia's No.1 carmaker, has found a way to make electric vehicles (EVs) more affordable and less vulnerable to shortages in supply of the key elements needed to produce the rechargeable batteries that power them.The key for such new wave of EVs is a magnet for electric motors developed by the Japanese firm, which halves the use of a rare earth called neodymium and eliminates the u...Read More
By Teresa CespedesLIMA, Feb 20 (Reuters) - Peru will accept bids and award a contract to develop the estimated $2 billion Michiquillay copper mine on Tuesday in the first major auction from the world's No. 2 copper producer in at least a decade.The auction was delayed twice last year, in part due to political turmoil in Peru. The bids will be a gauge of investor confidence in President Pedro Pablo...Read More
Democratic Republic of Congo's President Joseph Kabila has not yet signed into law a new mining code, a senior aide said on Tuesday, as international mining companies wage a last-ditch lobbying effort against the measure.The comments by Jean-Pierre Kambila, Kabila's deputy chief of staff, come amid uncertainty about whether the president intends to sign the new code, which raises taxes on miners,...Read More
When off-the-road tires (aka OTR) get damaged by rocks, nails, pipes or by something else at a mining site in Canada, they then have to travel hundreds of miles to be repaired either from a non-structural to a structural point of view, depending on the injury.MINING.com toured Kal Tire's Retread facility in Kamloops, British Columbia. Founded 40 years in the B.C. interior, Kal Tire is a major supp...Read More
The federal minister for Indigenous Relations and Northern Affairs has signed off on a new mining project near Baker Lake, Nunavut.Agnico Eagle's Whale Tail project is an open-pit gold mine, expected to operate for three to four years, starting next year.It will be connected to the company'Read full newsRead More
If you have a few million to spare, Sotheby's International Realty has posted a reduced price for a gold mine in northern Scottsdale.Read full newsRead More
* Kochang mine addedRead full newsRead More
Queries have been raised over a gold mining project at Magambazi in Handeni district, Tanga region.Read full newsRead More
PERTH, Australia, Feb. 19, 2018 (GLOBE NEWSWIRE) - Perseus Mining Limited (ASX:PRU) (TSX:PRU) is pleased to advise that: Performance tests at Sissingu?(C) to verify the construction contractor's warranted operating capabilities of the crusher and SAG mill have been passed and the Sissingu?(C) plant is now running consistently at or above name-plate run times and throughput rates. ...Read full n...Read More