Mining.com

By MINING.com Editor Kazakhstan is an “overlooked powerhouse” and one of the world’s next big investment destinations was the message delivered to over 200 business leaders who attended the Kazakhstan Global Investment Forum in London yesterday. Several billion pounds of inward investment is expected to enter Kazakhstan over the next five years, as global organizations […]

By Reuters MUMBAI, Oct 3 (Reuters) – India’s gold imports may rise in the fourth quarter as investors seek alternatives to faltering equity markets and a plunging rupee at the same time traditional buying will rise during the festival season, said multiple sources involved in the market. Increased buying by the world’s second-biggest gold consumer

By Reuters JOHANNESBURG, Oct 3 (Reuters) – South Africa’s mines minister said on Wednesday the government was considering a sovereign wealth fund but is looking for a way to fund it without harming the mining industry. “Normally it is funded from the primary extractive sector but we must find a way of doing it without

By Cecilia Jamasmie South African mining executives, investors and officials gather in the nation’s economic hub for the Joburg Indaba conference, a week after Mineral Resources Minister Gwede Mantashe published the government’s new Mining Charter. It’s been a tough couple of years for South African mining, from regulatory uncertainty and legal fights with the government,

By Cecilia Jamasmie Shares in Axiom Mining (ASX:AVQ) skyrocketed on Wednesday after the Australian miner said it was close to deciding on a partner to take nickel ore supplies from its Isabel nickel project, in the Solomon Islands, in exchange for finance. The news comes only two weeks after Axiom was granted the mining lease

By Pershing Gold Corporation Americas silver and Pershing gold to merge Americas Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas Silver”) and Pershing Gold Corporation (NASDAQ: PGLC) (TSX: PGLC) (FWB: 7PG1) (“Pershing”) are pleased to announce that they have entered into a definitive agreement (the “Agreement”) to complete a business combination (the “Transaction”) and create

By Michael Allan McCrae Timberline Drilling employee Anthony David Montoya was killed yesterday after being attacked by a bear on Admiralty Island, approximately 18 miles south of Juneau. The Hecla Greens Creek Mine, where Montoya was working, produces silver, zinc, lead and gold. The mine is 100% owned and operated by Hecla Mining Company. Hecla

By Michael Allan McCrae Yukon junior White Gold was up 21% to $1.63 a share after announcing drill results at its Vertigo target on the JP Ross property in Yukon, Canda. Hole JPRVERRAB18-014 intersected 23.44 g/t Au over 24.38m from surface, including 59.3 g/t Au over 3.05m from surface, 39.4 g/t Au over 3.05m from

By Reuters LONDON, Oct 2 (Reuters) – A tie-up between Randgold Resources and Barrick Gold will leave a void in the London market for investors seeking exposure to gold via companies that produce the precious metal. Canada’s Barrick Gold has agreed to buy Africa-focused Randgold for $6.5 billion to create the world’s largest gold producer.

By Bloomberg News (Bloomberg) — Uganda plans to join a program aimed at rooting out corruption in resource industries as the East African nation seeks to reassure potential investors that it isn’t involved in “conflict minerals.” The cabinet has already endorsed the plan to join the Extractive Industries Transparency Initiative this year, according to Minister