Mining.com

By Reuters HONG KONG, May 15 (Reuters) – Privately held gold trader Sakthi Trading Group is planning to build two gold refineries in Africa and is looking for investors for the projects, company executives said on Tuesday. The group, headquartered in the United Arab Emirates, is seeking a total investment of $246 million for the […]

By Cecilia Jamasmie World’s No.2 miner Rio Tinto (LON, ASX:RIO) said Tuesday that cost inflation driven by rising oil prices and a resurgence of resource nationalism are increasingly affecting mining companies’ investment decisions. Speaking at the Bank of America Merrill Lynch conference in Miami, chief executive Jean Sebastien-Jacques said he remained optimistic about the medium

By Cecilia Jamasmie Shares in struggling South African platinum producer Lonmin (LON:LMI) collapsed Tuesday after Britain’s Competition and Markets Authority (CMA) said it was examining whether the company’s takeover by Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) would reduce competition. By mid-morning, Lonmin shares had lost 5.6% of their value in London, while Sibanye’s were down 4.9% in Johannesburg,

By Streetwise Reports Source: Streetwise Reports 05/08/2018 Conditions may be in place for increased demand and increased prices for a number of commodities. In this interview with Streetwise Reports, Frank Holmes, CEO of U.S. Global Investors, discusses the commodity supercycle and the factors behind it, why some commodities may get more of a boost than

By Reuters LONDON, May 14 (Reuters) – Shanta Gold will conduct further exploration near its main mine in Tanzania after cutting costs in the past year to cope with tougher mining laws, the chief executive told Reuters. Shanta’s plans buck a trend among other firms that have scaled back ambitions in Tanzania due to laws

By Bloomberg News (Bloomberg) — The battle for some of Russia’s richest gold mines has an unusual cast of characters: the scion of one of Europe’s great banking families, a Kazakh tycoon with his own cryptocurrency, hedge fund D.E. Shaw, and mystery shareholders. They’re all part of a new fight for control over Petropavlovsk Plc,

By Cecilia Jamasmie Canada’s IDM Mining Ltd. (TSX-V:IDM) (OTCQB:IDMMF), one of the several companies developing projects in British Columbia’s prolific Golden Triangle, said Monday it expected to receive the necessary environmental permits for its proposed Red Mountain mine in the third quarter of the year. The Vancouver-based junior, which is working on a resource update

By Reuters Canada-listed junior miner Thor Explorations aims to bring Nigeria’s first large-scale gold mine online in early 2020, its CEO said, as the West African country seeks to diversify its economy away from oil and gas. Following the commodity price crash of 2015-16, the World Bank in April 2017 said it was providing funds

By Cecilia Jamasmie Barrick Gold (NYSE, TSX:ABX), the world’s top miner of the precious metal, is stepping up its “green” efforts by signing a 10-year natural gas supply contract in the Dominican Republic that will enable the conversion of the power plant feeding the company’s Pueblo Viejo mine from heavy fuel oil to natural gas,

By Valentina Ruiz Leotaud As the mining expo Latin America Down Under takes place in Perth, Argentina’s Deputy Secretary for Sustainable Mining, Juan Biset, is visiting Australia with the idea of strengthening bilateral relationships and attracting new investments for his country’s mining sector, as well as for the renewable and nuclear energy sectors. According to