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Battery Minerals buys out Victorian gold project

Image: Battery Minerals. Battery Minerals has agreed to acquire the remaining 33 per cent of a prospective copper-gold project adjacent to the high-grade Stavely Minerals site in Victoria. The company will acquire the project via Gippsland Prospecting, as it purchases...

Mongolia Mining 2020 expo postponed

  Due to emergency situation regarding the first COVID-19 case in Mongolia, Mongolia Mining-2020, Mongolia’s largest international mining and oil expo, planned to take place between 8 – 10 April 2020 in Ulaanbaatar has been postponed. A new date for the expo is...

Caterpillar posts worst machine sales since 2016

In a further indication of the stress rippling through the construction and mining sectors, Caterpillar reported its biggest decline in global machine sales since the end of 2016. The report underlines how the coronavirus outbreak is putting a drag on the industries...

Record gold prices tumble as global economy takes hit

Image: Market Index Australian gold prices have dropped by $35.50 an ounce as the worldwide economy is affected by the coronavirus. ABC Bullion listed a seven-year-high price of $2558.53 an ounce on Wednesday, which dropped to $2523.03 at the time of writing on...