Metals Gold Mining

  • Regional Forester Leanne Marten submitted a letter to the Bureau of Land Management endorsing the plan to withdraw 30,000 acres in Montana's Paradise Valley and the Gardiner Basin from new claims for gold, silver, platinum and other minerals, U.S. Forest Service spokeswoman Marna Daley said. The proposal has received bipartisan backing in Montana, with...

  • JOHANNESBURG, Sept 21- South Africa's National Union of Mineworkers signed a three-year wage deal with AngloGold Ashanti on Friday, inking the same agreement that other unions reached with the company earlier in the week. The agreement will mean an effective pay hike of over 12 percent for entry-level underground workers in the first year, over double the...

  • BOGOTA, Colombia— Colombia's military says a holdout rebel faction has attacked a mining camp run by Toronto- based Continental Gold Inc. and killed three of its workers. The attack occurred in Yarumal, a mountainous area of Antioquia Province, where Continental Gold is conducting exploration work. Earlier this month a Continental Gold employee was killed in...

  • ATHENS, Greece— Canadian gold mining firm Eldorado Gold is seeking 750 million euros in damages from the Greek state over delays in permits for mining work in the north of the country. Eldorado Gold had previously threatened to suspend operations in Greece, endangering 2,000 jobs, while the government has accused the company of breaching environmental laws.

  • South Africa's gold mines have seen margins shrink and a depletion in the grades of ore after a century of mining in what are the deepest mines in the world, reaching as far as 4 km underground. Solidarity, the Association of Mineworkers and Construction Union and UASA agreed to a 6.5 percent per year increase for miners and 1,000 rand increase per year for skilled...

  • "It is a range-buying trade as people watch for moves in the dollar and developments in U.S.- China tariffs dispute," said Ronald Leung, chief dealer at Lee Cheong Gold Dealers in Hong Kong. Markets are nervously awaiting Washington's announcement of a new round of tariffs on Chinese imports, setting the stage for possible reprisals by Beijing.

  • *Spot gold may test support at $1,193/ oz- technicals. BENGALURU, Sept 17- Gold inched up on Monday as bargain-hunters bought the metal after prices dipped in the previous session, amid reports that the United States is set to impose a new round of tariffs on Chinese imports. "The price action shows that the influence of the news coming out on tariffs is waning a little...

  • LONDON/ ULAANBAATAR, Sept 13- Nearly 10 years on from the launch of a giant copper and gold project in Mongolia, Rio Tinto is still looking to secure a domestic power source it needs for the mine under an agreement with the government. Oyu Tolgoi, located in the South Gobi region near landlocked Mongolia's southern border with China, is scheduled to complete a $5.3...

  • *Investors wary about escalation in U.S.- China trade war. LONDON, Sept 6- Gold clawed higher on Thursday, propelled by a weaker dollar, short-covering and physical buying in Asia. Worries of new U.S. trade tariffs on China, however, cast a cloud over the market.

  • *Spot gold seen in $1,160- $1,238 range for next 4 wks- technicals. *Investors wary about escalation in U.S.- China trade war. BENGALURU, Sept 6- Gold inched up on Thursday, supported by physical buying and as the dollar remained under pressure, but a weaker yuan amid worries of looming U.S. tariffs on China capped the metal's gains.

  • Sept 5- Global miner BHP said on Wednesday it would spend $35.2 million to buy a 6.1 percent stake in SolGold PLC, the majority owner and operator of the promising Cascabel copper-gold project in Ecuador. BHP Chief Executive Andrew Mackenzie said the investment would give the miner exposure to a high quality copper exploration project in Ecuador, a "highly...

  • Sept 3- Sales of gold products by the Perth Mint in August rose from a month earlier to their highest since October 2017, as lower bullion prices attracted buying, the mint said on Monday. The Perth Mint refines more than 90 percent of newly mined gold in Australia, the world's second-largest gold producer after China. Gold fell on Monday, with prices dropping below...

  • TORONTO, Aug 31- Canada's Tahoe Resources Inc said on Friday it had temporarily suspended mining operations at its La Arena gold mine in Peru after protesters trespassed on its property and demanded payment for environmental impacts of mining on their community. The Vancouver- based gold and silver miner, which also has operations in Guatemala and Canada, did...

  • Aug 23- A U.S. judge has granted a Canadian company the right to go after prized U.S. assets belonging to Venezuela, in a bid to get paid on an $1.4 billion award tied to the 2008 nationalization of its gold mining operations by the now cash-strapped South American country. District Judge Leonard Stark in Delaware on Thursday granted a so-called writ of attachment...

  • JOHANNESBURG, Aug 23- South African precious metals producer Sibanye-Stillwater said on Thursday it will look for growth in the bullion sector once it has improved its debt levels and outlined a blueprint for improving safety at its gold operations. The gold industry in South Africa, which has produced a third of the bullion mined in history and is home to the...

  • JOHANNESBURG, Aug 21- South Africa's Harmony Gold reported a 43 percent fall in annual earnings on Tuesday, hurt by impairments and a loss relating to debt denominated in U.S. dollars, and a setback to its safety record. The gold industry in South Africa, which has produced a third of the bullion mined in history and is home to the world's deepest mines, has been...

  • Wheaton Precious Metal's cobalt deal

    Randy Smallwood, Wheaton Precious Metals CEO, joins the 'Squawk Box' team to discuss the company's growing focus on cobalt.

  • JOHANNESBURG, Aug 16- Gold Fields' chief executive officer Nick Holland said on Thursday he was not considering resigning after mines minister Gwede Mantashe blamed the company's plan to cut jobs at its struggling South African mine on "poor management." The bullion producer's plans drew scathing comments from Mantashe, a blunt-speaking former trade...

  • JOHANNESBURG, Aug 16- Gold Fields Ltd Chief Executive Nick Holland said on Thursday he was not considering resigning after South Africa's mines minister Gwede Mantashe blamed "poor management" for planned job cuts at its South Deep mine. Mining minister Gwede Mantashe said Gold Fields' plans to slash jobs at South Deep to reduce costs is taking the "easy way out"...

  • GOLD FIELDS' CEO NICK HOLLAND SAYS NOT CONSIDERING RESIGNING AFTER SOUTH AFRICAN MINES MINISTER BLAMES MANAGEMENT FOR WOES, LAY-OFFS AT SOUTH DEEP MINE.