Mining.com

Ethiopians urge Gov’t to revoke permit for billionaire-owned gold mine

Demonstrators have blockaded roads in Ethiopia’s unruly Oromia region pressing the government to revoke the renewal of a mining licence for a company owned by Saudi billionaire Mohammed al-Amoudi because of alleged pollution and health risks to locals. Protesters have blockaded local roads since April 30, preventing people from going to work and forcing schools […]

Ethiopians urge Gov’t to revoke permit for billionaire-owned gold mine Read More »

Ivanhoe Mines secures long-term supply of treated bulk water for the Platreef platinum, palladium, nickel, copper and gold mine in South Africa

MOKOPANE, South Africa, May 07, 2018 (GLOBE NEWSWIRE) — Robert Friedland, Executive Chairman of Ivanhoe Mines (TSX:IVN) (OTCQX:IVPAF), and Lars-Eric Johansson, Chief Executive Officer, announced today that a new agreement will provide local, treated water to supply most of the bulk water needed for the first phase of production at the Platreef platinum-group metals, nickel,

Ivanhoe Mines secures long-term supply of treated bulk water for the Platreef platinum, palladium, nickel, copper and gold mine in South Africa Read More »

Australia’s Newcrest: Cadia mine to return to full production by mid-2018

Australia’s biggest gold miner Newcrest Mining Ltd said it expects its flagship Cadia mine to return to full production rates by the end of June. The miner said it had begun depositing tailings into the Cadia Hill open pit over the weekend, after receiving approval from the New South Wales Department of Planning and Environment

Australia’s Newcrest: Cadia mine to return to full production by mid-2018 Read More »

Peruvian farmers to appeal U.S. court decision in land dispute with American miner

With the support of EarthRights International, the Peruvian Chaupe Family announced this week that they intend to appeal a recent decision by a federal court in Delaware that ruled that their case against Newmont Mining Corporation (NYSE:NEM) should be heard in Peru – not Delaware, where the company incorporated almost 100 years ago. In a

Peruvian farmers to appeal U.S. court decision in land dispute with American miner Read More »

Death toll rises to seven at Sibanye mine as all trapped workers rescued

Seven of the thirteen gold miners who were trapped underground since Thursday at Sibanye-Stillwater’s (JSE:SGL) (NYSE:SBGL) mine in South Africa have died as a result of their injuries, the company confirmed Saturday. The workers got stuck at the company’s Masakhane mine, part of the Driefontein operations following a quake that caused a fall of ground

Death toll rises to seven at Sibanye mine as all trapped workers rescued Read More »

Anglo American to end investment in deep sea mining company Nautilus

Diversified miner Anglo American said on Friday it will end its investment in deep sea mining company Nautilus Mining. “We are exiting our small minority shareholding in Nautilus, as part of the prioritisation of our portfolio on our largest and greatest potential resource assets,” Anglo spokesman James Wyatt-Tilby said, confirming a report in the Financial

Anglo American to end investment in deep sea mining company Nautilus Read More »

A billionaire makes a classic investing error: Barry Ritholtz

(Bloomberg Opinion) — I try to avoid giving unsolicited advice to billionaires. They are doing just fine without me. Besides, nobody likes to hear from the cheap seats, especially when they just made a terrible, horrible, reckless investing error that poses unnecessary risk and could cost quite literally billions of dollars. I bring this up

A billionaire makes a classic investing error: Barry Ritholtz Read More »

Seabridge Gold closes $19.7 million private placement of flow-through shares

TORONTO, May 04, 2018 (GLOBE NEWSWIRE) — Seabridge Gold Inc. (TSX:SEA) (NYSE:SA) announced today that it has closed its previously announced non-brokered flow-through financing, including the full amount of the over-allotment option, for aggregate gross proceeds of $19,734,000. A total of 1,150,000 flow-through common shares of the Company, including those pursuant to the exercise of

Seabridge Gold closes $19.7 million private placement of flow-through shares Read More »