South African gold producers signed Thursday a class action settlement with law firms representing thousands of miners who contracted the fatal lung diseases silicosis and tuberculosis while working for them.The 5 billion rand-settlement (about $400 million at today's exchange rate), reached following three years of negotiations, puts an end to the country's largest and most expensive class acti...Read More
Beta Hunt Mine Gold Production Increases for Fourth Consecutive QuarterRead full newsRead More
Yamana Gold (TSX:YRI)(NYSE:AUY) announced today that gold production exceeded its plan for the first quarter of 2018.In a media statement, management detailed that gold equivalent ounce production from Yamana mines for the first quarter was 211,246, including 199,555 ounces of gold and 899,261 ounces of silver. Total attributable gold production was 248,088 ounces of gold, including attributable p...Read More
Gold stocks are likely to ride on the back of improving industry fundamentals and put up a decent performance this quarter.Read full newsRead More
For a time, the land around the village of Longa Mali in eastern Cameroon was one of the most prized in Africa, and powerful machines gnawed greedily into its soil to extract precious gold.Read full newsRead More
http://www.mining.com/Wall Street is aghast at Elon Musk's dismissive attitude toward analysts' probing following a quarter of record (but less than expected) losses for Tesla, but the electric vehicle maker did provide some answers to questions that's been vexing the mining industry.Benchmark Mineral Intelligence, a provider of price information and research on battery supply chains, parsed the n...Read More
South African gold producers signed Thursday a class action settlement with law firms representing thousands of miners who contracted the fatal lung diseases silicosis and tuberculosis while working for them.The 5 billion rand-settlement (about $400 million at today's exchange rate), reached following three years of negotiations, puts an end to the country's largest and most expensive class acti...Read More
Velocity Minerals Ltd. (TSXV:VLC) ('Velocity' or the 'Company') announces the closing of the first tranche of its non-brokered private placement announced on March 22, 2018 (the 'Financing').Read full newsRead More
Renforth Resources (CSE:RFR) ("Renforth" or the "Company") is pleased to announce that an earn-in option has been granted to Chalice Gold Mines Limited ("Chalice") of Western Australia on the Denain-Pershing Property.Read full newsRead More
Wallbridge Mining Company Ltd. (TSX:WM, FWB:WC7) ('Wallbridge' or the 'Company') is pleased to announce the closing of its previously announced non-brokered private placement through the issuance of 28,518,657 common shares ('Shares') of the Company at a price of C$0.07 per Share for gross proceeds of $1,996,306 (the 'Offering'). No finder fees or commission...Read More
Osprey Gold Development Ltd. (TSXV:OS, OTCQB:OSSPF) is pleased to announce the commencement of its 2018 exploration programs on the ground in Nova Scotia, Canada.Read full newsRead More
Ely Gold Royalties Inc.(TSXV:ELY, OTC:ELYGF) ('Ely Gold') through its wholly owned subsidiary, Nevada Select Royalty, Inc ('Nevada Select') is pleased to announce that it has entered into a definitive sale agreement with Renntiger USA, a Nevada corporation and a wholly owned subsidiary of VR Resources Ltd ('VR Resources'), a British Columbia corporation listed on the...Read More
Avrupa Minerals (TSXV:AVU) is pleased to present an update on the Alvito Project in South Portugal.Read full newsRead More
Australia's Lucapa Diamond (ASX:LOM) has discovered yet another large diamond at its prolific Lulo mine in Angola - a 46-carat pink stone, the largest coloured gem-quality rock ever recovered there.The company said the gem-quality coloured diamond eclipsed both the 43-carat yellow gem found in January and the almost 39-carat pink dug up in September last year."The frequent recovery of large and...Read More
Written by Jessica Black Livingston (Senior Associate), Ann Stanton (Associate), and Andrew Nussbaum (Associate)Driverless trucks. Conductorless trains. Mines run by cell phone networks. Autonomous technologies such as these are taking miners out of mines, driving efficiency, and changing the way the mining industry operates.Mining companies across the world are rapidly adopting the latest automat...Read More
TORONTO, May 02, 2018 (GLOBE NEWSWIRE) - Black Iron Inc. ("Black Iron" or the "Company") (TSX:BKI) (OTC:BKIRF) (FRANKFURT:BIN) is pleased to announce the positive results of a study commissioned by Black Iron to determine the Company's position on the global business cost curve and capital intensity in the context of new development iron ore projects. CRU Group ("CRU"), an internationally recognis...Read More
Source: Streetwise Reports 05/02/2018Eric Zaunscherb, an analyst with Canaccord Genuity, reviewed the updated resource at this company's Newfoundland asset.A May 1 research note from Canaccord Genuity reported that Marathon Gold Corp. (MOZ:TSX; MGDPF:OTC.MKTS ) released an updated resource on its Valentine Lake gold project in Newfoundland. "The overall resource was increased to 2,137,400 ounc...Read More
China opens trade in Dalian iron ore futures to foreign investors from Friday, aiming to boost its pricing clout for one of its top imports and hoping traders will take a market notorious for retail speculators more seriously.Iron ore is the second commodity China is opening to outside investors after launching crude oil futures in late March. Unlike crude oil, though, the iron ore contract on the...Read More
A day after a CNN investigation into abuses in cobalt mining in the Democratic Republic of Congo, the maker of Mercedes cars (Daimler) has pledged to investigate its supply chain to ensure child labour is not being used to power its electric vehicles.Renata Jungo Br? 1/4 ngger, director of integrity and legal affairs at Germany's Daimler (DDAIF) said: "We want to prevent violations of human rig...Read More
Paris City Council passed a motion last night where its members ask the CEOs of the world's largest insurance and reinsurance companies to stop insuring coal projects.The call comes just a few weeks before an annual meeting to be held in the City of Light from May 30 to June 2, 2018, and which is expected to be attended by representatives of the most important insurance companies on the planet. In...Read More