Category: Other News

Swiss expert to start work on new standards for mining dam safety

A Swiss environmental expert will make a fact-finding trip this week to the site of the Vale dam disaster in Brazil to start work on setting new dam safety standards for miners. The safety of dams used to store mining...

/ June 11, 2019

Nation built on gold loses its African crown to rival Ghana

South Africa’s struggling gold industry has suffered yet another humiliation, losing its status as continental leader to Ghana. The country that led global gold production for a century and extracted about half the bullion mined to date is now Africa’s...

/ June 11, 2019

DeepGreen closer to mining battery metals from the sea after $150m injection

Canada’s DeepGreen Metals, a start-up planning to extract cobalt and other battery metals from small rocks covering the seafloor, has secured the bulk of the $150 million it needs to carry out its first feasibility studies. The financing, provided by...

/ June 10, 2019

Scientists produce gold, silver, copper foams

Scientists at the US Lawrence Livermore National Laboratory created ultra-low density gold, silver and copper foams to give physicists better X-ray sources to employ in experiments at the National Ignition Facility. This facility is a large laser-based inertial confinement fusion...

/ June 10, 2019

Outback town that rivaled Manhattan’s prices now gathers dust

Of all the mining-town booms spawned by China’s insatiable appetite for minerals, few were as epic as that of Australia’s Port Hedland. In one of the most remote corners of the Earth, its real estate was more expensive than in...

/ June 8, 2019

Goldspot partners with Pacton on AI exploration at Red Lake

Goldspot Discoveries (TSXV: SPOT) announced Friday a signed service agreement with Pacton Gold (CVE: PAC) to use Goldspot’s A.I. and machine learning tools to evaluate and identify possible mineral and drill targets on Pacton’s Red Lake, Ontario property.  “We believe Red Lake’s ground is ripe for a technological revolution” — Goldspot CEO...

/ June 8, 2019

Bluerock Diamonds’ shares jump on record find

BlueRock Diamonds (LON: BRD) shares were up 15% on the London Stock Exchange Friday after the miner announced it had recovered its largest diamond to date, a 24.9 carat gem quality stone.   BlueRock owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa.  The...

/ June 8, 2019

Five BHP tailings dams could pose "extreme risk" to communities in event of collapse

The world’s biggest miner, BHP (NYSE: BHP), published risk assessment results on Friday that revealed five of its tailings dams that would be at “extreme risk” of damage to local environments and harm to nearby residents if they failed, the Financial Times reported.  ...

/ June 8, 2019

Gold: India flips to discount, premiums skid elsewhere as prices surge

MUMBAI/BENGALURU – Gold prices in India flipped into discounts this week as a rally in local prices dampened demand, while premiums in other major Asian hubs declined as a price surge prompted investors to sell back bullion. Global benchmark spot...

/ June 8, 2019

Major miners reveal tailings dam data, action plans following disasters

Global miners BHP Group, Anglo American Plc and Glencore Plc revealed details on tailings dams, months after ethical investors sought the information following a second deadly dam disaster in Brazil. BHP, which operates 67 tailings facilities, said on Friday it...

/ June 8, 2019

Toro Gold hires bank to explore sale as IPO plans shelved -sources

West Africa-focused junior gold miner Toro Gold has hired boutique investment bank Raymond James to explore putting itself up for sale after shelving plans to list its shares in London, two sources with knowledge of the matter said. But attracting...

/ June 7, 2019

RNC Minerals shares soar on another gold discovery at Beta Hunt

Shares of RNC Minerals (TSX: RNX) soared by over 22% on Thursday — taking the stock to over C$0.50 for the first time in two months — after another high-grade gold discovery yesterday at its Beta Hunt mine in Western Australia. This...

/ June 7, 2019