Price of a one-carat diamond fell 9.7% first quarter of 2020, down 13.1% year-on-year
Since the pandemic of the Coronavirus, companies throughout the globe have been affected by restrictions and other measures that have to be taken because of it. As has been extensively noted, the diamond business was not exempt from these negative impacts. More worrisome, the epidemic will have long-term consequences for the mining industry.
$60.1 Billion Produced In 38 Countries, 63 Percent Or $37.9 Billion, Stayed In The Countries Where Mined
Of the $60.1 billion in income earned by 33 members of the World Gold Council last year, 63 percent, or $37.9 billion, stayed in the countries where the mining activities were located. It was noted by the trade association, whose members account for almost 40% of worldwide production, that the sector supported more than 3% […]
Unlike Its Predecessors, U.S. Gold Corp., Established In Nevada, May Succeed
Gold was a significant factor in Wyoming’s founding. In contrast, a small mining exploration and development business believe it can resurrect the state’s gold and copper industries. Like the hard rock mining industry, gold and copper industries peaked and fell decades ago. The state’s reserves are still in existence. Companies have been unable to contact […]
When South Sudan Broke Away From Sudan In 2011, It Took Most Of The Country’s Riches With It
Sudan’s permission for private merchants to export gold as a countermeasure to smuggling and help the country’s cash-strapped government raise foreign money may come under attack after yesterday’s coup. Sudan’s central bank has long been the only institution authorized to purchase and export gold and set up facilities where small-scale miners may sell their metal. […]
New Employees Are Less Productive Than Experienced Workers…Turnover Is Preventing Nevada Gold Mines From Fully Optimizing Its Operations
Executive managing director of the joint venture, Greg Walker, says that at any one time, Nevada Gold Mines is recruiting for about 300 vacant jobs and that turnover is roughly 12 percent each year. Vacancies vary from machine operators at the primary level to engineers and information technology experts. Employees are being replaced despite annual […]
Dividend announcement boosts shares of Harmony Gold Mining by .. 7%
Monday’s dividend announcement. The stock hit a peak of $3.35 and a low of $3.35 during mid-day trading, reflecting a 95 percent decrease from the average session volume of 5,780,532 shares. Recently, the stock had finished at $3.13. We will pay the previously declared dividend on Monday, October 25th. Shareholders will receive a dividend of […]
Papua New Guinea takeover Barrick Gold’s Porgera mine
Papua New Guinea is ready to take control of Barrick Gold’s (TSX: ABX) (NYSE: GOLD) Porgera mine after refusing to extend the company’s lease on social and environmental grounds, Prime Minister James Marape said on Friday. “The special Mining Lease will not be renewed in the best interests of the state, particularly in lieu of […]
China’s top gold producer Shandong installs 5G network underground at its Laixi operations
Shandong Gold Mining Co Ltd, which has a Hong Kong listing, gave some insight into the technology moves being made by the prominent Chinese mining companies in its 2019 full-year results released yesterday. The Company is the leading local producer and achieved a gold mine production volume of 40.12 tonnes or 1.42 Moz during the […]
The Western United States is a national treasure
There have been massive metal finds and staking rushes west of the Mississippi in the past, like the Comstock Lode and the 1849 California Gold Rush. More recently, at Glamis Gold’s prosperous Picacho Gold Mine in southeastern California, Vancouver’s Chester Millar pioneered the heap leach gold recovery process, which is now widely used.Because of its […]
In Colombia, three miners were killed in an illegal operation
Three people died and two were wounded after a blasting operation at an illegal gold mine in Colombia’s Antioquia department went wrong, according to the Antioquia department’s Administrative Office of Risk Management.The accident happened on Saturday at the El Avance de Diómedes mine in northwestern Colombia, about half an hour from Buriticá. The miners, whose […]