Mining.com

By Reuters Twenty-three of 27 Philippine mines assessed by a government panel for compliance with state regulations, including environmental laws, have passed the review, an official said on Thursday. Confirming an earlier Reuters report, the Mining Industry Coordinating Council found that four mines did not meet the criteria set by the government. The panel reviewed […]

By Cecilia Jamasmie Newmont Mining Corp. (NYSE: NEM) has sold Japan’s Sumitomo Corp. a 5%-stake in its Yanacocha gold mine in Peru for $48 million, making the Asian trading house a partner in the business that also involves local miner Buenaventura. The US miner and Buenaventura’s ownership interests in the mine, which was Peru’s largest

By Michael Allan McCrae Rockhaven Resources (TSX-V:RK) updated its mineral resources to 686,000 indicated and 507,000 inferred gold ounces at its Klaza project in central Yukon. Rockhaven says its updated mineral resource estimates incorporate results from approximately 13,300 m of in-fill and expansion diamond drilling completed subsequent to the 2015 mineral resource estimate, and utilizes

By Michael Allan McCrae The United States has twice as many operating mines owned by publicly-traded companies than any other country, according to data from Mining Intelligence. As of this month there are 845 operating mines in the U.S., giving it 20% of the world’s total. Russia is second with 408. Canada ranked eighth with

By Bloomberg News Russia is rethinking what counts as a haven asset as it duels with the U.S. Although investors usually seek safety in U.S. debt, Russia cut its holdings of Treasuries nearly in half in April as Washington slapped the harshest sanctions to date on a selection of Russian companies and individuals. In a

By Bloomberg News “The industry is in crisis,” said Chris Griffith, CEO of Anglo American Platinum Ltd., the world’s largest producer. The death rattle of the industry that once symbolized South Africa can be heard in the town of Carletonville—on Gold Street. That’s where Paseka Selemela has been guarding cars since 2010, when the scaffolding

By Michael Allan McCrae Canadian-gold junior Brixton Metals intends to create a standalone cobalt company from its Langis and Hudson projects. Brixton intends to maintain exposure to the cobalt assets through a retained equity interest in the spin-out company. The CEO of Brixton, Gary Thompson, hopes to unlock some of the company’s value. “Given the

By Richard Spoor Inc. Johannesburg, 19 June 2018: A new website – www.SilicosisSettlement.co.za – and a Facebook page – www.facebook.com/silicosissettlement – have been launched to assist former mineworkers and their dependents who may be entitled to compensation if they worked at one of the six gold-mining companies that have made provisions for a trust to

By Cecilia Jamasmie Shares in Australian gold explorer Alicanto Minerals (ASX:AQI) took a major hit on Tuesday after the company revealed that partner Barrick Gold had pulled out of their Arakaka gold venture project in Guyana. Alicanto, which will retain 100% of the project, said it would now look to capitalize on the Barrick-funded work,

By Bloomberg News (Bloomberg) — One of the strangest stories in the mining industry this year has been the battle between Russian gold miner Petropavlovsk Plc and its activist, mystery shareholders. For weeks, the company has demanded to know the identity of its new shareholders, who are leading a fight to oust the board and