by Gordon Barratt | Jul 24, 2020 | News
Gold prices have moved to their highest point since 2011 this week as they approached $US1900 ($2662) an ounce. According to data from ABC Bullion, the precious metal settled at $2624.46 on July 23, maintaining its safe haven status among investors as the US dollar...
by Gordon Barratt | Jul 24, 2020 | News
The Iron Valley site. Image: Mineral Resources Mineral Resources (MinRes) has dubbed the June period as “a record breaking quarter” for its iron ore business in Western Australia. The company produced 4.2 million wet metric tonnes of iron ore, up 22 per cent on the...
by Gordon Barratt | Jul 24, 2020 | News
Representative Image. Credit: Getty Images A worker was trapped under the debris following a landslide at a coal mine in Chhattisgarh’s Korba district on Thursday morning, the police said. The incident took place at Kusmunda open-cast coal mine of South Eastern...
by Gordon Barratt | Jul 24, 2020 | News
The Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF) in June 2020 put forward sweeping mining employment reforms in response to the COVID-19 pandemic, which has, it states, exposed weak points in the global labour market. This is...
by Gordon Barratt | Jul 23, 2020 | News
Shandong Gold Mining has raised its takeover offer for Cardinal Resources following a competing proposal from the target’s largest shareholder, Nordgold. The Chinese gold giant upgraded its offer from 60 cents to 70 cents a share for all Cardinal shares it hasn’t...
by Gordon Barratt | Jul 23, 2020 | News
Ukrainian Prime Minister Denys Shmyhal says the country has accumulated enough coal and gas to ensure a smooth heating season. “Gas stocks totaling 21 billion cubic meters (bcm) in underground storage facilities (USFs) are record-breaking for Ukraine. Coal...
