Latest Precious metals industry News

Treasure hunters doubt FBI's word on dig for Civil War gold

Oct. 9, 2018 7:14 PM EDT

DENTS RUN, Pa. (AP) — Surrounded by dozens of stone-faced FBI agents on a frigid winter's day, Dennis and Kem Parada stared down at the empty hole and knew something wasn't right. The father-son duo spent years combing this bit of Pennsylvania wilderness with high-end metal detectors, drills and other...

US bans new mining claims on public land near Yellowstone

Oct. 8, 2018 7:54 PM EDT

EMIGRANT, Mont. (AP) — U.S. Interior Secretary Ryan Zinke approved a 20-year ban on new mining claims in the towering mountains north of Yellowstone National Park on Monday, after two proposed gold mines raised concerns that an area drawing tourists from the around the globe could be spoiled. As Zinke...

The Latest: Zinke signs mining ban near Yellowstone park

Oct. 8, 2018 12:14 PM EDT

EMIGRANT, Mont. (AP) — The Latest on a mining ban near Yellowstone National Park (all times local): 10 a.m. U.S. Interior Secretary Ryan Zinke has approved a 20-year ban on new mining claims in the mountains north of Yellowstone National Park after two proposed gold mines raised concerns the area could be...

British mining venture signs exploration deal in Afghanistan

Oct. 5, 2018 6:45 PM EDT

WASHINGTON (AP) — A company founded by a London-based banker signed agreements Friday with the government of Afghanistan to explore for gold and copper in the north of the country. Centar Ltd. said it hopes to begin exploration in two sites next year and would within a year become one of the largest...

Post-Florence coal ash tests at 1 site yet to raise alarms

Oct. 2, 2018 6:36 PM EDT

RALEIGH, N.C. (AP) — Sludge washed from buried coal-ash pits by Hurricane Florence's floodwaters hasn't polluted a neighboring North Carolina river with heavy metals at levels concerning to human health, state environmental officials said. Three old coal-ash dumps capped with soil and trees at Duke Energy...

Markets Right Now: Dow at record even as broad market falls

Oct. 2, 2018 4:11 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are ending mostly lower as small companies fall again, even as gains by a handful of big companies push the Dow Jones Industrial Average to an all-time high. Retailers, airlines and automakers fell Tuesday,...

Toxic site near MetLife Stadium gets $332M cleanup plan

Oct. 2, 2018 3:57 PM EDT

MOONACHIE, N.J. (AP) — A polluted creek near MetLife Stadium and the Meadowlands sports complex that has some of the highest recorded mercury levels of any freshwater ecosystem in the country is moving ahead with a $332 million cleanup plan, the Environmental Protection Agency announced Tuesday. Officials...

Asian stocks lower on US-China trade worries

Sep. 25, 2018 12:49 AM EDT

BEIJING (AP) — Asian stock markets were mostly lower Tuesday after a Chinese government report accusing the Trump administration of bullying other countries dampened hopes for a settlement in their escalating tariff war. KEEPING SCORE: The Shanghai Composite Index lost 0.8 percent to 2,775.91 and Sydney's...

Barrick buys Randgold to create world's largest gold miner

Sep. 24, 2018 8:13 AM EDT

LONDON (AP) — Barrick Gold has agreed to buy Randgold Resources for $6.1 billion in stock to create the world's largest gold miner, worth a combined $18 billion. Investors will get 6.128 new Barrick shares for each Randgold share they hold. Shareholders in Barrick, which is based in Toronto, will own about...

US agency endorses plan to block new mining near Yellowstone

Sep. 21, 2018 6:02 PM EDT

BILLINGS, Mont. (AP) — U.S. officials recommended approval on Friday of a plan to block new mining claims for 20 years on the forested public lands that make up Yellowstone National Park's mountainous northern boundary. Regional Forester Leanne Marten submitted a letter to the Bureau of Land Management...