Recent News

Thai central bank bans banks from cryptocurrencies

February 12, 2018 / www.kitco.com

BANGKOK, Feb 12 (Reuters) - Thailand's central bank said on Monday it had asked financial institutions not to get involved in cryptocurrency transactionsfor fear of possible problems from the unregulated trading.Banks are prohibited from investing or trading in cryptocurrency, offering cryptocurrency exchanges and creating platforms for cryptocurrency trading, the central bank's governor, Veeratha...Read More

Embattled Acacia Mining ends painful year with $700-million loss

February 12, 2018 / www.mining.com

Acacia Mining (LON:ACA), Tanzania's No.1 bullion producer, has scrapped its 2017 dividend after a long-running dispute with the government of the East African nation cost the company $700 million in annual loss.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), also said its gold output would drop in 2018 as a result of the ongoing ban on exports of metal concentrate, which represent...Read More

Embattled Acacia Mining ends painful year with $700-million loss

February 12, 2018 / www.mining.com

Acacia Mining (LON:ACA), Tanzania's No.1 bullion producer, has scrapped its 2017 dividend after a long-running dispute with the government of the East African nation cost the company $700 million in annual loss.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), also said its gold output would drop in 2018 as a result of the ongoing ban on exports of metal concentrate, which represent...Read More

Embattled Acacia Mining ends painful year with $700-million loss

February 12, 2018 / www.mining.com

Acacia Mining (LON:ACA), Tanzania's No.1 bullion producer, has scrapped its 2017 dividend after a long-running dispute with the government of the East African nation cost the company $700 million in annual loss.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), also said its gold output would drop in 2018 as a result of the ongoing ban on exports of metal concentrate, which represent...Read More

Lucapa recovers first diamonds from Lesotho mine

February 12, 2018 / www.mining.com

Australia's Lucapa Diamond (ASX:LOM) announced that, for the first time, workers at its 70% owned Mothae mine in Lesotho have recovered diamondssourcedfromresidualmaterialandkimberlitestockpiles.In a press release, the company explained that the gems were recovered through theexisting bulk sampling plant and infrastructure at Mothae, which has been refurbished ahead of schedule as part of a previo...Read More

Lucapa recovers first diamonds from Lesotho mine

February 12, 2018 / www.mining.com

Australia's Lucapa Diamond (ASX:LOM) announced that, for the first time, workers at its 70% owned Mothae mine in Lesotho have recovered diamondssourcedfromresidualmaterialandkimberlitestockpiles.In a press release, the company explained that the gems were recovered through theexisting bulk sampling plant and infrastructure at Mothae, which has been refurbished ahead of schedule as part of a previo...Read More

Lucapa recovers first diamonds from Lesotho mine

February 12, 2018 / www.mining.com

Australia's Lucapa Diamond (ASX:LOM) announced that, for the first time, workers at its 70% owned Mothae mine in Lesotho have recovered diamondssourcedfromresidualmaterialandkimberlitestockpiles.In a press release, the company explained that the gems were recovered through theexisting bulk sampling plant and infrastructure at Mothae, which has been refurbished ahead of schedule as part of a previo...Read More

Data overload: commodity hedge funds close as computers dominate

February 12, 2018 / www.kitco.com

(Repeats to add story tag)* Commodity fund managers struggle vs computer-driven rivals* Automation drives half of U.S. commodity futures trading* Systematic funds crunch huge amounts of data* GRAPHIC- Rise of automated trading: By Eric OnstadLONDON, Feb 12 (Reuters) - "Chocfinger" made his name and his money by taking bold bets on cocoa markets. But after nearly four decades of trading,...Read More

FOREX-Euro gains as dollar falls back on equity bounce

February 12, 2018 / www.kitco.com

* Dollar weakens after last week's rally* Euro pauses below $1.23* Stock market bounce seen supporting high-yielding FX* Graphic: World FX rates in 2018 By Tommy WilkesLONDON, Feb 12 (Reuters) - The euro edged higher on Monday and the dollar fell back, as a bounce in equity markets ended a strong run for the greenback in which nervous investors had rushed to reverse their bets against the U.S. cur...Read More

Broadway Gold Mining drilling program at Madison Copper-Gold Project

February 12, 2018 / dlvr.it

Broadway Gold Mining Ltd. announced that Phase III surface drilling program at the Company's 100%-owned Madison copper-gold project in the legendary Butte-Anaconda mining region of Montana, USA.Read full newsRead More

Suncor Energy hikes stake in Syncrude in $730 million deal

February 12, 2018 / www.mining.com

Suncor Energy (TSX:SU), Canada's second-largest oil and gas producer, is buying Mocal Energy's 5% stake in the Syncrude joint venture for $730 million (roughly Cdn$920 million), and said it's also acquiring an interest in an offshore project in the Norwegian Sea.As a result of the first deal, expected to close in the first quarter, Suncor's share in Syncrude rises to 58.74% from 53.74%. The other...Read More

UPDATE 1-Acacia Mining scraps dividend after profit hit by Tanzania export ban

February 12, 2018 / www.kitco.com

(Adds detail)LONDON, Feb 12 (Reuters) - Acacia Mining has scrapped its 2017 dividend after full-year core earnings fell by more than a third because of a ban on unprocessed mineral exports in Tanzania, it said on Monday.The company, which is majority owned by Barrick Gold , said full-year earnings before interest, tax, depreciation and amortisation (EBITDA) fell 38 percent to $257 million after t...Read More

INK Canadian Insider Index falls 2.5%, outperforms US indices

February 12, 2018 / www.canadianinsider.com

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK Canadian Insider Index gapped down along with other world markets and fell 31 points or 2.5% for a 5.8% loss in two weeks. Support now moves down to 1200 and 1220. Resistance moves to 1250 and 1256.Our long-term momentum indicator MACD fell 2.6 points or 45% to -8.36....Read More

18 killed as Venezuela army takes control of wildcat mine

February 12, 2018 / dlvr.it

At least 18 people were killed at an illegal gold mine in southern Venezuela during clashes with security forces looking to take control of the area, an official said Sunday.Read full newsRead More

Venezuela: 18 dead in clash with military at illegal mine

February 12, 2018 / dlvr.it

At least 18 people have been killed in a confrontation between security forces and illegal miners in eastern Venezuela. The mineral-rich region sees frequent clashes between rival gangs seeking to control gold deposits.Read full newsRead More

Dangerously high levels of mercury found near artisanal gold mines in Senegal

February 12, 2018 / dlvr.it

A Duke University-led study has found dangerously high levels of mercury and its more toxic chemical cousin, methylmercury, in soils, sediments and rivers near artisanal gold mines in the West African nation of Senegal.Read full newsRead More

New gold rush: Energy demands soar in Iceland for bitcoins

February 12, 2018 / dlvr.it

With massive amounts of electricity needed to run the computers that create bitcoins, large virtual currency companies have established a base in the North Atlantic island nation blessed with an abundance of renewable energy.Read full newsRead More

Venezuela Military Battles Criminal Gang in Mining Region

February 12, 2018 / dlvr.it

At least 18 people were killed at an illegal gold mine in southern Venezuela during clashes with security forces looking to take control of the area, an official said Sunday.Read full newsRead More

Newmont Recognized for Top Performance in Mining Sector in Sustainability Yearbook

February 12, 2018 / dlvr.it

DENVER, Feb. 08 /CSRwire/ - Newmont Mining Corporation (NYSE: NEM) (Newmont or the Company) has been recognized for top performance in the mining sector in The Sustainability Yearbook 2018. The Yearbook is published by RobecoSAM, a sustainability investment firm that manages one of...Read full newsRead More

Broadway Gold Mining drilling program at Madison Copper-Gold Project

February 12, 2018 / dlvr.it

Broadway Gold Mining Ltd. announced that Phase III surface drilling program at the Company's 100%-owned Madison copper-gold project in the legendary Butte-Anaconda mining region of Montana, USA.Read full newsRead More

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