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By Reuters Stock image By Aaron Ross DAKAR, May 30 (Reuters) – International mining companies operating in Democratic Republic of Congo will resort to legal action if their concerns over a new mining code signed into law in March are not addressed, they said in a letter to the mines minister this week. The letter, […]

By CNW Group Prospero Silver Corp (TSXV: PSL) (the “Company” or “Prospero”) is pleased to announce that drilling started at the Buenavista project in northwest Durango State, Mexico on May 26, 2018. This is the fourth project to be drilled under the terms of a second round of strategic investment from Fortuna Silver Mines Inc.

By Reuters South Africa’s Gold Fields is setting aside pursuit of new acquisitions for a year as it focuses on its existing operations and nearby prospects instead, the bullion producer’s chief executive told Reuters late on Tuesday. Gold Fields’ finances might be “a little bit negative” this year before likely improving in 2019, when the

By Cecilia Jamasmie While the global mining industry is quickly becoming more digitally mature, that transformation continues to centre on productivity and profitability, rather than a most needed focus on innovation, a new study shows. According to Ernst & Young’s Digital Mining report, current digital solutions are merely functional or siloed and only address parts

By Reuters Polyus, Russia’s largest gold producer, on Wednesday reported first-quarter net profit down 51 percent at $244 million, hit by reduced foreign exchange gains and other non-cash items. The company controlled by Said Kerimov, son of Russian tycoon Suleiman Kerimov, has not been targeted by the U.S. sanctions against Moscow. Washington included Suleiman Kerimov

By Streetwise Reports Source: Maurice Jackson for Streetwise Reports 05/29/2018 Jamie Keech of Capital Exploits talks with Maurice Jackson of Proven and Probable about what he sees as the benefits of investing in Platinum Group Metals. Maurice Jackson: Joining us today is Jamie Keech of Capitalist Exploits. Today we’ll be discussing platinum. Jamie, thank you

By Reuters NEW DELHI, May 29 (Reuters) – India is seeking rights to mine for gold and diamonds in Russia’s resource-rich Far East, Trade Minister Suresh Prabhu told Reuters on Tuesday. Prabhu last week led an Indian delegation to attend the St. Petersburg International Economic Forum. India seeks to import gold and diamonds for value-addition

By Reuters LONDON, May 29 (Reuters) – Russian gold miner Petropavlovsk has asked British regulators to investigate the identity of shareholders pressing for an overhaul of the board only a year after a previous revolt forced change, sources close to the company said. The London-listed firm, which has underperformed peers for about a decade, is

By Bloomberg News (Bloomberg) — Mining companies in the Democratic Republic of Congo told the government it will lose more than $3 billion over a decade and face legal action if plans to implement a new industry code proceed. Miners including Glencore Plc and Randgold Resources Ltd. are demanding the government abandon aspects of the

By Cecilia Jamasmie Newmont Mining (NYSE:NEM) has agreed to sell its full royalty portfolio to Canada’s Maverix Metals (TSX-V: MMX), a precious metals royalty and streaming junior firm, in a transaction that gives the US miner $17 million cash and a 28%-stake in the Vancouver-based company. The Greenwood Village, Colorado-based miner, the only gold company