Mining.com

By Cecilia Jamasmie Chilean miner Antofagasta Plc. (LON:ANTO) said Wednesday that copper production in the second-quarter of the year jumped 6.1% to 163,200 tonnes, while costs fell by 7.5% to $1.85 per pound. The company, majority-owned by Chile’s Luksic family, one of the country’s wealthiest, said it expected the higher-output/lower-cost trend to continue for the […]

By Reuters China’s gold output fell by 7.9 percent in the first half of this year to 190.28 tonnes due to an environmental crackdown on illegal mining, Xinhua News Agency reported on Wednesday, citing figures from the China Gold Association. Gold consumption in China edged up 0.3 percent to 541.22 tonnes in the first six

By Cecilia Jamasmie Canadian gold junior Lumina Gold (TSX-V:LUM) (OTC:LUMAF) said Tuesday that recent changes introduced by Ecuador to mining regulations will allow the company to boost exploration at its Cangrejos gold-copper project. The reforms, enacted by the country’s Ministry of Energy and Non-Renewable Natural Resources, let companies perform non-systematic drilling during the early exploration

By Cecilia Jamasmie Mining investors are losing confidence in the mineral exploration permit process in most Canadian provinces, with applications taking longer to be approved and a lack of transparency, a new study released Tuesday shows. According to the Fraser Institute, an independent, non-partisan Canadian policy think-tank, British Columbia, Ontario and Quebec are the three

By Bloomberg News (Bloomberg) — South Africa’s gold industry, once the world’s largest, faces an inevitable decline, according to the chairman of the country’s biggest producer of the metal by market value. Output will continue to shrink as miners chase ever-deeper ore bodies while struggling to keep costs down, said AngloGold Ashanti Ltd. Chairman Sipho

By U.S. Global Investors Anticipate before you participate in the market. This is a classic piece of advice I like to give investors and have written about extensively in my CEO blog, Frank Talk. Financial markets are influenced by relatively predictable cycles and trading patterns, and by better understanding these we are able to react

By Bloomberg News (Bloomberg) — It’s getting ugly out there. Commodities are getting shaken up as investors fret about the fall-out from the global trade war, and as the White House turns up the heat against Iran. President Donald Trump just fired off a blunt, tweeting a threat to counterpart Hassan Rouhani, and U.S. Secretary

By Reuters JOHANNESBURG, July 23 (Reuters) – South Africa’s Harmony Gold said on Monday annual bullion production for 2018 has exceeded its guidance, boosted by its Moab Khotsong operation. Gold production was 4 percent more at 1.228 million ounces for the full-year compared with guidance of 1.18 million ounces. Harmony said its newly acquired Moab

By Caterpillar Inc. Caterpillar and Newmont Mining, with the support of Cashman Equipment Co., the Cat dealer in Nevada, have entered a collaboration agreement to validate and improve underground hard rock mining vehicle automation technology. The initial focus of the collaborative effort is Command for underground, the Cat® system for semi-autonomous and remote operation of

By Cecilia Jamasmie Barrick Gold’s (TSX, NYSE:ABX) chief executive officer, Kelvin Dushnisky, is leaving the world’s top miner of the precious metal to become South Africa’s AngloGold Ashanti (JSE:ANG) (NYSE:AU) new boss. Dushnisky, who joined Barrick in 2002, will join AngloGold in September, ending the search to replace Srinivasan Venkatakrishnan, who left the world’s third-biggest