NRW Holdings to design, construct Northern Star’s KCGM plant for $648m

Mining News Pro - Australia’s NRW Holdings Ltd said on Monday that it entered into a A$973 million ($648.02 million) contract to design and construct the processing plant facilities at Northern Star Resources’ KCGM growth project.

China’s gold binge extends to seventh month as holdings climb

Mining News Pro - China increased its gold reserves for a seventh straight month, signaling ongoing strong demand for the precious metal from the world’s central banks.

Central banks to increase gold holdings over crisis concerns

Mining News Pro - Central banks see gold as a reserve asset and will likely increase their holdings of the metal in the next twelve months, according to a survey by the World Gold Council.

World’s top gold ETF sees holdings surge in bullish demand sign

Mining News Pro - Gold just got a very bullish sign from investors who are returning to the precious metal in a big way.

Exploitation of Midhco Holding projects; Completing the country's mineral production cycle

Mining News Pro - Iran’s mineral production cycle is going to be completed by inaugurating 5 major national mineral projects by Midhco.

NRW Holdings sells mobile fleet to Boggabri

Mining News Pro - NRW Holdings has sold the majority of the mining equipment owned by its subsidiary Golding Contractors to Boggabri Coal for $81 million.

Horizon consolidates landholding near Boorara

Mining News Pro - Gold miner Horizon Minerals has inked a A$5-million agreement to acquire three gold projects near its Boorara project, in Western Australia.

Lithium giant Albemarle slams Chile over `unjust` withholding of Atacama study

Mining News Pro - Albemarle, the world’s top lithium producer, has accused a Chilean regulator of “unjust” discrimination for refusing to make public a key report on the impact of mining on the Atacama salt flat, according to court filings.

South Africa`s mineral licensing system holding back prospecting, exploration

Mining News Pro - Department of Mineral Resources and Energy (DMRE) director-general Thabo Mokoena has conceded that the South African Mineral Resources Administration System (Samrad), which was introduced to allow the general public and investors to view the country`s mineral rights, is dysfunctional.

Bryah to retain manganese holding

Mining News Pro - Bryah Resources will retain its 70% shareholding in the Bryah basin manganese joint venture (JV) as suitors failed to meet outstanding conditions for the offer.

Max Resource expands landholdings in Colombia by 300%

Mining News Pro - Max Resource announced that it has acquired 2000 square-kilometres of highly prospective areas for copper-silver mineralization in northeastern Colombia.

Zimbabwe seeks to list company holding State mining assets

Mining News Pro - Zimbabwe, banking on mining to end two decades of economic stagnation, plans to list the company in which it has placed state mining assets to raise cash to meet government obligations, the nation’s finance minister said.

LBMA reports record 9 452 t of gold holdings in November

Mining News Pro - The London Bullion Market Association (LBMA) reports that, at the end of November last year, there was a record 9 452 t of gold, valued at $535-billion, held in stocks.

Northam increases shareholding in Zambezi Platinum to 80%

Mining News Pro - Platinum group metals miner Northam Platinum has acquired an additional 2.83-million preference shares in Zambezi Platinum.

Northam increases Zambezi preference share holdings to 40.71%

Mining News Pro - Northam has acquired an additional 11.72-million Zambezi Platinum preference shares for R959.7-million.

Southern Silver consolidates Cerro Las Minitas holding

Mining News Pro - Southern Silver Exploration has executed an agreement to buy Electrum Global Holdings’ 60% indirect interest in the Cerro Las Minitas (CLM) project, in Durango, Mexico, for $15-million.

Kibo increases Mozambique land holding to expand energy projects

Mining News Pro - Africa-focused energy company Kibo Energy has acquired 345 ha of land adjacent to its Benga power plant project, in Mozambique`s Tete province.

Perth Mint metal holdings value exceeds $5bn

Mining News Pro - The Perth Mint’s gold, silver and platinum holdings value has topped $5 billion for the first time, triggered by a global upheaval due to the coronavirus (COVID-19) outbreak.

Gold-backed ETF holdings hit all-time high in 2019

Mining News Pro - Global gold-backed exchange-traded funds (ETFs) and similar products had $19.2 billion or 400 tonnes of net inflows in 2019 after holdings rebounded in December, the World Gold Council (WGC) reports. In the fourth quarter, ETF holdings reached an all-time high of 2,900 tonnes.

Falcon Gold CEO boosts holdings, stock soars

Mining News Pro - Vancouver-based Falcon Gold announced Monday that CEO and director Karim Rayani has increased its holdings in the company through multiple investments.

Gold-backed ETF holdings grew 15% in June — reaching 7-year high

Mining News Pro - Global holdings in gold-backed ETFs and similar products grew by 127 tonnes (equivalent to $5.5 billion in inflows) in June, up to 2,548 tonnes –- the largest monthly increase in seven years –- according to data compiled by the World Gold Council, on the back of heightened geopolitical uncertainty causing central banks around the world to go on a gold hunt.

Fortescue bolsters copper-gold holding in South Australia

Mining News Pro - Fortescue Metals Group has enlarged its foothold in South Australia by embarking on two joint venture (JV) agreements in copper and gold through its subsidiary FMG Resources.

HCI increases PTM shareholding to 19.89%

Mining News Pro - Hosken Consolidated Investments (HCI) has acquired, through a private placement undertaken by its subsidiary Deepkloof, over two-million common shares in Platinum Group Metals (PTM) at $1.33 a share, for a total consideration of $2.8-million.

Gold Prices Holding Recent Gains As 134K Jobs Created In U.S. In September, Missing Expectations

Mining News Pro - Gold prices are holding relatively steady, hovering above the psychological level of $1,200 an ounce as the U.S. labor market showed a mixed picture last month.

Gold Prices Holding Gains Following Weak U.S. PPI Reading

Mining News Pro - The gold market is holding its own as U.S. wholesale inflation pressures rose less than expected last month.

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