Mining.com

By Bloomberg News (Bloomberg) — South African Mineral Resources Minister Gwede Mantashe issued a new Mining Charter last week, seeking to reduce uncertainty and boost investment in the sector. The Background: The set of rules, aimed at distributing the industry’s mineral wealth more equally among citizens after the injustices of apartheid, was first issued in […]

By Bloomberg News (Bloomberg) — Gold and silver are finally getting the haven-demand boost that trade wars and Brexit couldn’t provide. In the 10 minutes ended 8:50 a.m. in New York, December gold contracts equal to almost 1.57 million ounces traded on Comex — almost 12 times the 100-day average volume for that time of

By Valentina Ruiz Leotaud A heated debate is taking place in Argentina after opposition senator Alejandro Abraham presented a project to modify Law 7722, which regulates mining activities in the central Mendoza province, known for its wine production. Among other things, Abraham’s bill establishes a new Special Mining Rate, which is 50 per cent higher

By Bloomberg News (Bloomberg) — Poland is making a rare charge into gold. The country added about 9 metric tons to its bullion reserves in July and August as prices dropped, International Monetary Fund data show. That’s Poland’s biggest purchase since 1998 and among the largest additions by a European Union nation since then. The

By Bloomberg News (Bloomberg) — A notorious Iranian gold dealer known as the “Sultan of Coins” was among three men sentenced to death this week in the strongest warning yet to officials and merchants not to exploit the country’s financial troubles as the next round of U.S. sanctions loom. The verdicts came a day after

By Reuters TOKYO, Oct 1 (Reuters) – Mitsui Mining and Smelting Co Ltd , Japan’s biggest zinc smelter, plans to produce 114,600 tonnes of refined zinc during October-March in the 2018/19 financial year, it said on Monday, up 3.6 percent from the same period a year earlier. Zinc is used mainly as an anti-corrosive coating

By Barrick Gold Corporation TORONTO — Barrick Gold Corporation (NYSE:ABX) (TSX:ABX) (“Barrick” or the “Company”) today announced that Executive Chairman John L. Thornton has purchased 2,271,029 additional common shares in the Company at an average price of $11.11 per share, nearly doubling his total shareholding in Barrick to 5,000,000 shares.1 Based on the exchange ratio

By Bloomberg News (Bloomberg) — Commodities just posted the longest losing streak in more than three years, and analysts and investors are giving conflicting signals over whether the worst is over. The Bloomberg Commodity Index fell 2.5 percent in the third quarter amid a stronger dollar, trade frictions and concerns over the Chinese-demand outlook. Copper

By Reuters Oct 1 (Reuters) – Avocet Mining warned on Monday that it could be broken up as the struggling gold miner continues talks with its largest shareholder, Elliott, to restructure its debt. The company, which is in discussions with Elliott regarding its debt repayments, said that it has sufficient funds to operate for the

By Valentina Ruiz Leotaud Peru’s Minister of Energy and Mines, Francisco Ísmodes, said this week that his office expects mining investments to reach $58 billion in coming years. In an interview with the state-run newspaper El Peruano, Ísmodes said that the goal for the next three years is to get at least 36% of that