Mining.com

By Reuters JOHANNESBURG, Sept 21 (Reuters) – South Africa’s National Union of Mineworkers (NUM) signed a three-year wage deal with AngloGold Ashanti on Friday, inking the same agreement that other unions reached with the company earlier in the week. The agreement will mean an effective pay hike of over 12 percent for entry-level underground workers […]

By Reuters MANILA, Sept 21 (Reuters) – The Philippines on Friday temporarily suspended all quarrying operations in seven regions following a landslide near a limestone quarry that killed at least 29 people, with dozens more feared trapped under the rubble. As search, rescue and retrieval operations continued at the landslide site in Naga City on

By Bloomberg News After almost a year of behind-the-scenes work, billionaire hedge-fund manager John Paulson has formed a coalition with 15 other founding members aimed at curbing years of what his hedge fund has called value destruction in the gold sector. John Hathaway — who is a general partner at Tocqueville Asset Management LP —

By Amanda Stutt Central banks’ demand for gold reached a three year high, rising 8% during the first half of 2018 compared to the same period last year, according to a World Gold Council market update on central bank buying activity released today. Data reveals that 2018 H1 marks the strongest year for central bank

By Cecilia Jamasmie Canada’s Continental Gold (TSX:CNL) said Thursday three of its workers in Colombia died and several others were injured after a residence that housed exploration geologists and contractors was attacked overnight. This is the second time in two weeks the Toronto-based miner mourns the death of staff members in the South American country.

By Cecilia Jamasmie By cutting out paper, improving tracking and allowing data sharing, blockchain is set to revolutionize mining as we know it. (Image: Autonomous truck at Rio Tinto’sPilbara operations Rio Tinto | Flickr.) Blockchain technology and the smart contracts it enables are the next step in the evolution of the mining and metals global

By Sprott Asset Management It finally happened! The CFTC (Commodity Futures Trading Commission) reported (9/4/18) that for the first time in 17 years commercial participants in gold futures flipped their COMEX positioning to net long. As shown in Figure 1, this does not mean commercial activity boasts infallible predictive value. Throughout gold’s two-year advance to

By The Daily Gold – Jordan Roy-Byrne Gold stocks failed to breakout in the spring and then broke down to multi-year lows by September. As autumn beckons, the precious metals sector at large is very oversold and could be starting a rebound. However, the fundamentals are not yet in place for a new bull market.

By Business in Vancouver In the past year, Vancouver’s Oxygen Capital has raised $83 million for the startup mining companies in its stable. Most of that money would have been spent outside of B.C. on exploration and development, because until just recently, all of the companies that Oxygen has launched have been focused on later-stage

By Cecilia Jamasmie Canada’s Lundin Gold (TSX:LUG), which tried buying Nevsun Resources (TSX, NYSEMKT:NSU) earlier this year, has updated the project estimate for its flagship Fruta del Norte gold project in Ecuador, on track to kick off production in Spring next year. The asset, discovered in 2006, is expected to produce to 4.6 million ounces