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By Bloomberg News More than 30 Chinese companies active in the Democratic Republic of Congo formed a business association backed by both countries’ governments, further cementing China’s ascendancy in copper and cobalt production in the central African nation. The 35-member Union of Mining Companies with Chinese Capital will facilitate “communication and exchange between the Chinese […]

By Bloomberg News 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 represented by

By Michael Allan McCrae Osisko Gold Royalties announced today that it secured a silver stream from Falco Resources for Can$180 million. The silver stream will come from Falco’s Horne 5 property in Rouyn-Noranda, Québec. Osisko will make staged upfront cash deposits to Falco of up to C$180 million and will make ongoing payments equal to

By Reuters The Minerals Council South Africa, an industry lobby group, said on Sunday it does not support some elements in the latest draft of an industry charter, including a stipulation that one percent of core profit is paid to communities and employees. South Africa plans to raise black ownership at permit-holding mining companies to

By Valentina Ruiz Leotaud South Africa’s Mineral Resources Minister Gwede Mantashe said on Sunday that 20 out of 45 mining deaths reported since the start of 2018 have taken place at Sibanye-Stillwater’s (JSE:SGL) (NYSE:SBGL) mining sites. To date, #SibanyeStillwater operations are responsible for 20 of the 45 fatalities reported since the beginning of the year.

By Valentina Ruiz Leotaud The U.S. Environmental Protection Agency is planning to dredge contaminated sediment from streambeds and dig ditches to divert water away from tainted rocks and soil, in an effort to clean up wastewater flowing from 26 old mines in southwestern Colorado. According to the Associated Press, such efforts are part of an

By Valentina Ruiz Leotaud The Honduran Fire Department informed that four people died, half of them women, and five were injured following a landslide at an artisanal gold mine in the town of El Retiro, 180 kilometres north of Tegucigalpa. According to Reuters, the Fire Department said that the miners were covered in sand and

By Michael Allan McCrae The best new technology workers are the people who embrace it, says Mark Fawcett, a Partner at IBM and leading the effort to take artifical intelligence services to mining companies. Watson is IBM’s artificial intelligent service that helps businesses independently model large data sets more efficiently. IBM not only sells the

By Michael Allan McCrae The average annual pay for expatriate exploration manager working in Colombia is US$170,000 per year, while the same job for locals pays $76,100. Data was compiled in CostMine’s 2014 International Compensation Guidelines for Mining Exploration. Only in Chile was the pay trend reversed. The average annual salary for nationals was $133,800

By Adam Hamilton – Zeal Intelligence Gold weathered the Federal Reserve’s 7th rate hike of this cycle this week. Gold-futures speculators and to a lesser extent gold investors have long feared Fed rate hikes, selling ahead of them. Higher rates are viewed as the nemesis of zero-yielding gold. But contrary to this popular belief, past