Recent News

Drilling for copper and gold could start this year near Mount St. Helens

February 11, 2018 / www.mining.com

Image of Mount St. Helens by Ewen Roberts, via Flickr Creative Commons license. The U.S. Forest Service signed off on exploration for copper, gold and other minerals on 900 federal acres that lie just outside the Mount St. Helens National Volcanic Monument in Southwest Washington.Read moreRead More

Drilling for copper and gold could start this year near Mount St. Helens

February 11, 2018 / www.mining.com

Image of Mount St. Helens by Ewen Roberts, via Flickr Creative Commons license. The U.S. Forest Service signed off on exploration for copper, gold and other minerals on 900 federal acres that lie just outside the Mount St. Helens National Volcanic Monument in Southwest Washington.Read moreRead More

Alexco preparing to resume silver mining in Yukon later this year

February 11, 2018 / www.mining.com

Although a final production decision has not been made, Canada's Alexco Resource Corp. is preparing to resume mining of silver and related minerals late this year in the Yukon's Keno Hill Silver District, a company official said Wednesday.Read moreRead More

Singapore Exchange shares fall 8 pct after Indian bourses rein in offshore trading

February 11, 2018 / www.kitco.com

SINGAPORE, Feb 12 (Reuters) - Shares in Singapore Exchange Ltd (SGX) fell 8 percent following an unexpected move by India's three main stock exchanges to stop licensing products and data to foreign exchanges to prevent trading from migrating overseas.In early Monday trade, SGX shares tumbled to the lowest since January 2017. The exchange said on Sunday that it will develop and launch new India-acc...Read More

In Iceland, more energy will be used for bitcoin mining than powering homes

February 11, 2018 / www.mining.com

Mining bitcoins requires a great deal of computing power which in turn needs a lot of electricity to solve the mathematical puzzles that reward miners with cryptocurrency.China and South Korea have already banned bitcoin mining due to problems with a lack of control over fraud and money laundering, and in China's case, concern over the amount of power that the activity sucks from the electricity g...Read More

China Stocks-Factors to watch on Monday

February 11, 2018 / www.kitco.com

* PREVIOUS TRADING SESSION MOVES:* SSEC -4.1 pct, CSI300 -4.3 pct, HSI -3.1 pct* CNY official close 6.2969 per dollar, 5.1 pct firmer vs US$ last 90 days* FTSE China A50 -4.4 pct, BNY Mellon ADR China Select Index +1.0 pct SHANGHAI, Feb 12 (Reuters) - Following is a list of recent corporate and policy announcements, as well as other news that might affect Chinese financial markets.Policy, governm...Read More

18 die in clash at Venezuelan gold mine

February 11, 2018 / www.mining.com

Eighteen people have been killed in Venezuela at an illegal gold mine following clashes with security forces.On Sunday Associated Press reported that there was a confrontation in Bolivar state between an armed gang that was threatening wildcat miners. The army then travelled to the Cicapra mine to try and control the area. No soldiers were among the dead.AP stated:It was the most violent incident...Read More

MEDIA-Work on new Philippine mining taxes begins - BusinessWorld

February 11, 2018 / www.kitco.com

-- The Philippine government is moving closer to lifting the ban on new mining projects as the interagency Mining Industry Coordinating Council works out a new tax regime for the mineral industry, in conjunction with the Finance department's efforts to generate fresh revenue streams, BusinessWorld newspaper reported.-- Source link: -- Note: Reuters has not verified this story and does not vouch f...Read More

DIARY-Government Debt Auctions to March 30

February 11, 2018 / www.kitco.com

Feb 12 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATECOUNTRY AUCTION DETAILS12-FebNorwayAuction of Treasury bills12-FebItaly Bills auction13-FebItaly Medium-long term auction13-FebSpain Auction of 6- and 12-month Treasury bills14-FebGermany Auction of 30-year Federal bonds14-FebJapan Auction of 5-year government...Read More

DIARY-Emerging Markets Economic Events to March 29

February 11, 2018 / www.kitco.com

Feb 12 (Reuters) - For other diaries, please see:Top Economic Events Government Debt Auctions Political and General News Events Index of All Diaries Guide to Economic Indicators -----------------------------------------------------------This Diary is filed daily. ** Indicates new events -----------------------------------------------------------MONDAY, FEBRUARY 12SYDNEY - Speech by Luci Ellis, RBA...Read More

Irish consumer sentiment surges to 17-year high

February 11, 2018 / www.kitco.com

DUBLIN, Feb 12 (Reuters) - Irish consumer sentiment surged to a 17-year high in January, suggesting consumers are starting to feel the benefits of an improving economy, a survey showed on Monday.Ireland's economy has posted the fastest growth in Europe since 2014 and unemployment has fallen rapidly, but the recovery has been uneven for some consumers with only modest gains in purchasing power.The...Read More

DIARY-Top Economic Events to March 27

February 11, 2018 / www.kitco.com

Feb 12 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling Unit Diary Today in Washington Political and General News ----------------------------------------------------------- This Diary is filed daily. Indicates new events -----------------------------------------------------------SATURDAY, FEBRUARY 10** NEW DELHI - Indian Finance Minister Arun Jaitley will address the Central...Read More

Trump To Roll Out Plan To Overhaul U.S. Infrastructure

February 11, 2018 / www.kitco.com

David ShepardsonWASHINGTON (Reuters) - U.S. President Donald Trump will roll out an infrastructure plan on Monday that already faces significant hurdles in Congress because it does not offer as much new federal funding as Democrats want or directly address how to pay for the effort.The plan to use $200 billion in federal funds to try to stimulate $1.5 trillion in infrastructure improvements over 1...Read More

Venezuela Army Clashes With Illegal Miners, 18 Reported Dead

February 11, 2018 / www.kitco.com

GUASIPATI, Venezuela (Reuters) - Soldiers clashed with illegal miners in southern Venezuela on the weekend, killing 18 people in a region notorious for violence and gang rivalries, a lawmaker and local media said.Bolivar state Governor Justo Noguera said a military unit had fought off an attack, but gave no more details. “An investigation is under way,” he told reporters.Local newspape...Read More

Cameco handed court victory over WA uranium prospect

February 11, 2018 / www.mining.com

A uranium deposit in Western Australia under development by Cameco (TSX:CCO, NYSE:CCJ) will not be held up by conservationists who oppose it.Last week the Conservation Council of WA lost an appeal against the Yeelirrie project's approval by the WA Supreme Court. In his judgment, Chief Justice Wayne Martin dismissed the CCWA's contention that environmental approval by the former WA Environment Min...Read More

UPDATE 1-Venezuela army clashes with illegal miners, 18 reported dead

February 11, 2018 / www.kitco.com

(Adds opposition lawmaker)GUASIPATI, Venezuela, Feb 11 (Reuters) - Soldiers clashed with illegal miners in southern Venezuela on the weekend, killing 18 people in a region notorious for violence and gang rivalries, a lawmaker and local media said. Bolivar state Governor Justo Noguera said a military unit had fought off an attack, but gave no more details. "An investigation is under way,"...Read More

There are fireworks in the gold market on the horizon

February 11, 2018 / read.bi

The Gold market has gone up by about 20% in the last year and a half or so. But that won't stop it from continuing the up trend.Read full newsRead More

Australia shares set to open lower; NZ slips

February 11, 2018 / www.kitco.com

Feb 12 (Reuters) - Australian shares are expected to edge lower on Monday, on the back of weak oil and metal prices.Oil prices slid more than 3 percent on Friday on renewed concerns about rising crude supplies while three-month copper on the LME ended Friday down 1.3 percent, and aluminium at its lowest in seven weeks.The local share price index futures fell 0.5 percent, or 28 points, to 5,724, a...Read More

UPDATE 1-NZ's Fletcher discussing expected covenant breach; extends trading halt

February 11, 2018 / www.kitco.com

(Adds earnings date, background)Feb 12 (Reuters) - New Zealands's Fletcher Building Ltd said on Monday it had started discussions with lenders regarding an expected breach of covenants in its financing arrangements, stemming from further losses expected in its building and interiors business.The company also extended its trading halt on its shares until Feb. 14, saying that a review of key projec...Read More

Venezuela army clashes with illegal miners, 18 reported dead

February 11, 2018 / www.kitco.com

GUASIPATI, Venezuela (Reuters) - Soldiers clashed with illegal miners in southern Venezuela on the weekend, killing 18 people in a region notorious for violence and gang rivalries, a lawmaker and local media said.Bolivar state Governor Justo Noguera said a military unit had fought off an attack, but gave no more details. “An investigation is under way,” he told reporters.Local newspape...Read More

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