Swiss gold refiners say they didn’t import mystery Russian metal

Mining News Pro - The industry association for Switzerland’s gold refiners said its members didn’t import gold from Russia last month, raising questions about who bought the country’s precious metals.

UN experts want better gold data as trade fuels Congo violence

Mining News Pro - Governments need to improve and make public their gold trade data to help stem smuggling and violence around mines in eastern Democratic Republic of Congo, the United Nations independent group of experts on Congo said in their annual report Friday.

Gold’s floor price is getting higher, top producer Newmont says

Mining News Pro - The head of the biggest gold producer isn’t about to join bullion bugs in predicting a price rally. But Tom Palmer does see a higher floor forming under the market as years of stimulus devolve into a fight to contain inflation.

Kinross Gold sells Russian assets at half the agreed price

Mining News Pro - Kinross Gold said on Wednesday it had sold its Kupol mine and Udinsk project in Russia to Highland Gold Mining for a total of $340 million in cash, half of the price announced in April.

Team up or get left behind, top gold miner warns smaller peers

Mining News Pro - The gold mining industry will need more mergers and partnerships to dig up harder-to-access deposits in an environmentally friendly way, according to the head of the world’s biggest producer.

South African trade unions sign wage deal with Sibanye

Mining News Pro - Two South African trade unions have signed a three-year wage agreement with miner Sibanye Stillwater on June 11, one of the unions said on Sunday, removing the last hurdle to restarting operations at its gold mines in the country.

In Bolivia’s Amazon, wildcat gold mining boom stokes tension over environment

Mining News Pro - In Bolivia’s Amazon tensions are rising over a boom in wildcat gold mining that is driving a surge in imports of mercury used to extract the precious metal and is sparking conflict between small-scale prospectors and local indigenous groups.

Gold Fields investor tells miner to scrap Yamana deal

Mining News Pro - A top-10 investor in South Africa’s Gold Fields on Friday urged the miner to cancel its planned takeover of Canada-based Yamana Gold, saying the $6.7 billion transaction was expensive and did not guarantee growth and profitability.

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.

Newmont sells 3,500 oz of gold to Ghana under local purchasing plan

Mining News Pro - Newmont’s Africa unit has sold 3,500 ounces of gold to the Bank of Ghana under a central bank domestic gold purchasing program launched in June 2021, the company said in a statement on Tuesday.

British Columbia, Tahltan sign consent agreement on mine permitting

Mining News Pro - The Tahltan Central Government and the Province of British announced Monday they have entered into the first consent based decision-making agreement under the Declaration on the Rights of Indigenous Peoples Act (Declaration Act).

Latin Metals stock jumps on AngloGold Argentina projects investment

Mining News Pro - Latin Metals announced Monday that it has entered into a binding option agreement with AngloGold Argentina Exploraciones S.A., a wholly owned subsidiary of AngloGold Ashanti.

Picasso pigment may be key to recovering gold from e-waste

Mining News Pro - Researchers at Nagoya University and the Tokyo Institute of Technology discovered that a pigment called Prussian blue may be the key to recovering precious metals such as gold and platinum from nuclear and electronic waste.

Ghana’s 2021 gold output falls to 13-year low, loses spot as Africa’s top producer

Mining News Pro - Ghana’s gold production fell 30% last year to its lowest in more than a decade, knocking the country off its spot as Africa’s top producer, the president of the mines chamber said on Friday, blaming a taxation change and operational challenges.

Three month strike set to end at Sibanye as miners back deal

Mining News Pro - Sibanye Stillwater Ltd.’s biggest mining unions agreed to a wage deal that will end nearly 90 days of a workers’ strike at its three gold mines.

Asante Gold starts Bibiani mine processing plant

Mining News Pro - Canada’s Asante Gold (TSX-V: ASE) has begun operations of the processing plant and associated equipment at its Bibiani gold mine in Ghana.

Contaminants affect invertebrates years after Mount Polley mine disaster

Mining News Pro - As Imperial Metals is making efforts to reopen its Mount Polley copper-gold mine in British Columbia, Canada, a recent study shows that contaminants from the tailings dam breach that took place at the operation in 2014 have been affecting local fauna for years.

South Africans’ hair reveals heavy metal exposure from mining at Witwatersrand

Mining News Pro - An international team of researchers is analyzing individual hair samples from people living and working around the Witwatersrand basin near Johannesburg to determine the degree of uranium contamination and identify which populations are most at risk.

Foxes add to Gold Fields headaches in Chile

Mining News Pro - South African miner Gold Fields, already dealing with the effects of inflation and the relocation of endangered chinchillas at its Salares Norte gold project in Chile is now facing potential sanctions from the country’s environmental regulator due to the death of specimens of culpeo fox in the area.

MKS PAMP first precious metals refinery to set SBTi-approved carbon emissions reduction targets

Mining News Pro - MKS PAMP, provider of financial and physical trading services and precious metals refinery, announced Wednesday that it is the first precious metals company in the world to have SBTi approved carbon emissions reduction targets, committing to a 1.5°C emissions reduction in line with the Paris Agreement.

Turquoise Hill to receive debt funding from Rio Tinto as it evaluates $2.7bn offer

Mining News Pro - Canada’s Turquoise Hill Resources Ltd said on Wednesday Rio Tinto will provide it interim debt funding of up to $400 million while it evaluates the Anglo-Australian miner’s $2.7 billion bid for the company.

Quality companies are investors’ best bet when valuations get low

Mining News Pro - Money is made in the discrepancy between price and value, says Rick Rule.

Metals scarcity could slow energy transition

Mining News Pro - While the movement to an electrified future is already picking up pace, it will be much slower than some of the optimistic projections in the market today, CPM Group founder and MD Jeffrey Christian told an industry event in Vancouver.

Russia’s biggest gold producer’s largest shareholder donates 100% of shares

Mining News Pro - PJSC Polyus Russia’s largest gold producer, has announced that Said Kerimov has donated 100% stake in Wandle Holdings, Polyus’ largest shareholder, and owned by Kerimov, to the Fund for support of Islamic foundations.

Excellon eyes new assets in Mexico ahead of Platosa closure

Mining News Pro - Precious metals miners Excellon Resources is looking for new assets in Mexico ahead of the planned closure of its Platosa mine, one of the country’s highest grade silver mines.

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