Mining.com

By Reuters BHP expects a plant at its Olympic Dam mine to restart this month following repairs and the company has found a way to deliver returns from the asset as part of a focus on maxmising productivity, its head of Australian operations said on Tuesday. “The expectation remains that we’ll have that back up […]

By Bloomberg News (Bloomberg) — Burundi announced the start of operations of African Mining Burundi Ltd., a local gold miner in which the government has a 15 percent stake, as the East African nation puts its mineral resources at the center of a planned economic resurgence. The company has been granted rights to nine mining

By The Daily Gold – Jordan Roy-Byrne Gold has struggled to rebound despite an extreme oversold condition and extreme bearish sentiment. Nevertheless, conditions for Gold have not worsened in recent days. In fact, Gold as well as gold stocks appear to be basing for a potential rebound into the holiday season. While some gold bulls

By Bloomberg News (Bloomberg) — With a resolution to Freeport-McMoRan Inc.’s Indonesian saga in sight, Chief Executive Officer Richard Adkerson says any strategic move is now possible, including acquisitions, partnerships, or even a sale of the entire company. With a package of agreements close to being sealed, the future, strategically for us, is going to

By Cecilia Jamasmie Shares in Canadian precious miner Pretium Resources (TSX, NYSE:PVG) fell more than eight percent Tuesday in both Toronto and New York despite it announcing increased gold production at its Brucejack gold mine, located in the Canadian western province of British Columbia. The Vancouver-based company said output at the gold mine climbed 13

By Cecilia Jamasmie Thailand, which ordered the shutdown of all gold mining and exploration activities in 2016, will have to deal with the fact the country will continue to be a regional mining underperformer, as it will lose both tax revenue and investors, a new report says. Thailand’s military regime’s decision to halt gold mining

By Cecilia Jamasmie Zimbabwean miner RioZim on Tuesday is taking legal action to force the country’s central bank (RBZ) to pay it in US dollars for some of its gold output. The move comes after the company reported earlier this month that profit after tax had dropped 86 percent to $406,000 in the six months

By Rick Mills Despite having a rough summer, with a number of factors pushing gold below $1,200 an ounce (the high dollar, US economic growth, interest rate hikes, booming stock markets), the precious metal appears to be back in favor, with December gold futures closing last Tuesday’s trading at $1,207 an ounce – a two-week

By MINING.com Editor Hawkeye Gold & Diamond (TSX.V-HAWK) has claimed another 137 hectares at the company’s McBride property in British Columbia’s Golden Triangle. Following September’s announcement that it had acquired 100% interest at McBride, a Phase 2 work program began October 7. The program will evaluate the historically reported high-grade copper mineralization from the “Breccia

By MINING.com Editor While Global Witness welcomes the London Metal Exchange (LME) commitment to introduce OECD-standard responsible sourcing requirements for its metal brands, it warns that the LME must ensure its members go beyond paper-based compliance activities to meaningfully change and improve supply chains and their impacts. “Disrupting global trading patterns that link minerals and