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Newmont Goldcorp resumes operations at Peñasquito

By: Reuters     17th June 2019 Newmont Goldcorp said on Monday it had resumed shipping concentrate from the Peñasquito gold mine in Mexico after a blockade by a trucking contractor and some members of the Cedros community was lifted. Operations at the mine were temporarily suspended since April 29. 

Protesters agree to lift Newmont Goldcorp blockade in Mexico

By: Reuters     17th June 2019 Mexican protesters agreed to lift a blockade at Newmont Goldcorp's Penasquito mine on Friday, according to a government document seen by Reuters, ending a standoff that led to the mine stopping production for more than a month. An official at the Interior Ministry, which issued the document... 

US tariffs will send Mexico gold, silver abroad for processing

By: Bloomberg     10th June 2019 Donald Trump’s tariffs targeting Mexico risks backfiring on the US, at least in the global metals market. Miners of Mexican precious metals are unlikely to be hit significantly if Trump imposes levies on goods from its neighbour, which is the biggest source of US silver imports and its... 

Gold giants battling to lure back investors who fled industry

By: Bloomberg     10th June 2019 What’s better than GOLD? In the wake of two mega-mergers that have reset the gold industry, one small detail has delighted Mark Bristow, Barrick Gold's CEO: His company’s ability to secure the rights to trade its stock under the ticker GOLD in New York. 

Nation built on gold loses its African crown to rival Ghana

By: Bloomberg     10th June 2019 South Africa’s struggling gold industry has suffered yet another humiliation, losing its status as continent 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 second-largest gold producer. Output is... 

Guinea iron-ore prospectors set sights on ArcelorMittal rail

By: Reuters     6th June 2019 The race to mine Guinea's iron-ore has started although the focus is not on its giant Simandou deposits but on smaller finds whose output could be transported via Liberia if ArcelorMittal shares its railway, banking and industry sources said. Guinea's aspirations to develop Simandou, the world's... 

Study into $1bn Pueblo Viejo expansion to be completed next year – Bristow

By: Mariaan Webb     28th May 2019 The world’s largest gold mining companies are committed to the long-term development of the Dominican Republic and are considering putting up another $1-billion for the expansion of the Pueblo Viejo mine, Barrick Gold CEO Mark Bristow said on Monday. Barrick and its joint venture (JV) partner in... 

Earthquake rattles northern Peru near gold and copper mines

By: Bloomberg     27th May 2019 A magnitude 8.0 earthquake struck northern Peru early Sunday near copper and gold mines, prompting officials to activate emergency protocols. The quake hit at 2:41 a.m. local time, according to the European-Mediterranean Seismological Centre. The US Geological Survey put the epicenter at 75 km... 

Stoppage at Newmont Goldcorp mine costs Mexico millions daily - Minister

By: Reuters     24th May 2019 Ongoing stoppages at Newmont Goldcorp Corp's Penasquito gold mine in Mexico are costing "millions" every day to both public coffers and the company, a Mexican Minister said on Thursday, urging a solution that will restart operations. Speaking to reporters in Mexico City, Francisco Quiroga, the... 

Billionaire Friedland close to deal with BHP on Guinea iron-ore

By: Bloomberg     17th May 2019 Billionaire mining investor Robert Friedland is close to a deal to take over an iron-ore deposit in Guinea from owners including BHP Group, according to people familiar with the situation. Friedland is in advanced talks with BHP, Newmont Goldcorp and Areva, that will see him move to develop the... 

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