Mining.com

By Reuters DAKAR, June 28 (Reuters) – AngloGold Ashanti said on Thursday that there has been no production impact at its Siguiri gold mine in Guinea despite two days of violent protests over prolonged electricity outages by communities around the mine. Youths barricaded roads, clashed with security forces and tried to force through the gates […]

By Bloomberg News (Bloomberg) — Miners across Africa are increasingly using one-time payments to settle disputes with governments, a trend that’s disturbing some investors. A $150 million payment by Glencore Plc’s Katanga Mining Ltd. to the Democratic Republic of Congo’s Gecamines earlier this month followed Freeport McMoRan Inc.’s separate $100 million settlement with the state-owned

By Cecilia Jamasmie Shares in Canadian gold junior Lumina Gold (TSX-V:LUM) (OTC:LUMAF) jumped Thursday after the company announced it had received positive results of the Preliminary Economic Assessment (PEA) for its Cangrejos gold-copper project in southern Ecuador. Based on the PEA, the asset has gained a place in the list of top 15 undeveloped gold

By Cecilia Jamasmie A US law firm has filed a class action lawsuit against South Africa’s Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) on behalf of shareholders over losses suffered after a series of deaths at its mines, which has caused a sharp drop of the stock price. Bernstein Liebhard LLP said in a statement the suit would deal

By Edelman The World Gold Council today launched its ‘Gold and climate change’ report, aiming to provide investors with greater clarity around gold’s impacts on climate change. Marking one year since the recommendations from the Taskforce on Climate-Related Financial Disclosure (TCFD), the report is an initial step to build understanding of the gold industry’s greenhouse

By Bloomberg Opinion (Bloomberg Opinion) — Since December 2017 Russia has cut its holdings of U.S. foreign debt by more than half. Instead, it’s been increasing the share of gold in its international reserves. That’s understandable behavior for a country that has to deal with an unpredictable U.S. sanctions policy, but it’s also part of

By Cecilia Jamasmie While gold production generates more greenhouse (GHG) emissions per tonne of finished product than many other bulk metals, the relatively small volumes produced each year mean total emissions from newly-mined gold are significantly lower than those generated by other metals, a new study shows. Gold production does generate more greenhouse (GHG) emissions

By Reuters MANILA, June 27 (Reuters) – Philippine miners are urging the government to lift a six-year ban on new large-scale mining projects in the world’s No. 2 nickel ore supplier after the state removed restrictions on fresh smaller ventures. The Department of Environment and Natural Resources said in a memorandum dated June 18, but

By Bloomberg News Much maligned gold is set to stage a comeback as the dollar weakens, according to Pictet Wealth Management. Bullion will climb to $1,320 an ounce by the end of the year, said currency strategist Luc Luyet, which compares with about $1,256 on Wednesday. While trade tensions haven’t yet provided much support, an

By Cecilia Jamasmie Australian copper-gold miner OZ Minerals (ASX:OZL) has begun a compulsory takeover Avanco Resources (ASX:AVB), after months of slowly increasing its interest in the Brazil-focused explorer. The Adelaide-based company said the fact it now owns more than 90% of Avanco allows it to acquire all of the remaining shares to acquire it entirely.