Mining.com

By Frik Els Shares in Northern Dynasty Minerals plunged on Friday after the company announced the end of a partnership with fellow Canadian company First Quantum Minerals to develop the controversial Pebble mining project in Alaska. Vancouver-based Northern Dynasty said on Friday in a terse statement it was unable to reach an agreement on a […]

By Sunshine Profits The message from the recent FOMC minutes is clear: brace yourself for the interest rate hike next month. Should gold bulls be worried? Gold’s reaction shows that not necessarily. You will find more details in our today’s analysis. June hike is virtually a foregone conclusion Yesterday, the U.S. central bank published minutes

By Reuters LONDON, May 24 (Reuters) – Anglo Asian Mining, which focuses on copper, gold and silver mining in Azerbaijan, said on Thursday it was considering paying its first dividend now that it had reported a profit, cut debt and built up cash. A dividend would set Anglo Asian apart from many London-listed junior miners,

By Cecilia Jamasmie Canadian miners are definitively back in the mergers and acquisitions (M&A) game, with the value of such transaction hitting $25 billion during the first three months of the year, or 86% more than in the same period of 2017. Deals involving critical materials for the making of batteries that power electric cars,

By Reuters ST PETERSBURG, May 24 (Reuters) – Polyus, Russia’s largest gold producer, said on Thursday 2018 production was likely to be at the upper end of its forecast range of 2.375-2.425 million troy ounces. Chief Executive Pavel Grachev said on the sidelines of the St Petersburg economic forum that 2018 capital expenditure would be

By Cecilia Jamasmie Precious metals producer Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) blasted Thursday comments made by the Association of Mineworkers and Construction Union (AMCU) accusing the company of failing to take precautions two avoid injuries at its mines. According to the union, a seismic event on May 22 caused a fall of ground at the company’s Ikamva

By Frik Els By David Fickling (Bloomberg Opinion) — There’s a well-thumbed playbook for how deals involving gold mines in the remote jungles of Indonesia are meant to turn out. The game plan isn’t so different to the plot of the recent Matthew McConaughey film “Gold” – a promise of great wealth turning to ruin

By Cecilia Jamasmie South Africa’s AngloGold Ashanti (JSE:ANG) (NYSE:AU), the world’s third-biggest producer of the precious metal, is cutting as many as 2,000 jobs at its domestic operations as part a restructuring aimed at reducing losses. The company, which is down to the Mponeng underground gold mine and a tailings treatment operation in its home

By Reuters Despite Argentine President Mauricio Macri’s pro-business policies, international mining companies are still reluctant to invest in Argentina amid a lack of regulatory clarity. More than two years into Macri’s term, the country’s dormant gold, silver, lithium and copper reserves — some discovered more than half a century ago — remain mostly untapped. “Conditions

By Cecilia Jamasmie World’s No.2 miner Rio Tinto (ASX, LON, NYSE: RIO) confirmed Wednesday is ready to sell its stake in the giant Grasberg mine to Indonesia’s state mining holding company Inalum for $3.5 billion, which could mark the end to a long-drawn-out, three-way dispute over the operation, the world’s second largest copper mine. Discussions