Latest Precious metals industry News

80 men in South African court on charges of raping 8 women

Aug. 01, 2022 09:13 AM EDT

JOHANNESBURG (AP) — More than 80 men suspected of the gang rapes of eight women and the armed robbery of a video production crew in the South African town of Krugersdorp, west of Johannesburg, appeared in court on Monday. The men were arrested at an abandoned mining site following...

Nez Perce Tribe disputes Idaho gold mine air quality permit

Jul. 29, 2022 17:11 PM EDT

BOISE, Idaho (AP) — Idaho officials violated the federal Clean Air Act as well as the state’s regulations by issuing an air quality permit for a proposed gold mine in west-central Idaho, the Nez Perce Tribe and two conservation groups said. The tribe, Idaho Conservation League...

Japan's push for UNESCO to list divisive gold mine delayed

Jul. 28, 2022 06:41 AM EDT

TOKYO (AP) — Japan's push to obtain UNESCO World Heritage recognition for a former gold mine key to the nation's industrialization will be delayed because its application was insufficient, officials said Thursday. The efforts to obtain a UNESCO listing for the Sado Island mine were...

Zimbabwe debuts gold coins as legal tender to stem inflation

Jul. 25, 2022 10:18 AM EDT

HARARE, Zimbabwe (AP) — Zimbabwe has launched gold coins to be sold to the public in a bid to tame runaway inflation that has further eroded the country’s unstable currency. The unprecedented move was announced Monday by the country's central bank, the Reserve Bank of Zimbabwe,...

Nevada court fights raise caution flags on green energy push

Jul. 24, 2022 13:07 PM EDT

RENO, Nev. (AP) — Opposition from friends, not foes, is creating potential roadblocks to President Joe Biden’s green energy agenda on federal lands in the blue-leaning, Western swing state of Nevada. Two lithium mines and a geothermal power plant in the works in the biggest U.S....

Preliminary approval given for Black Hills drilling

Jul. 11, 2022 10:33 AM EDT

RAPID CITY, S.D. (AP) — The U.S. Forest Service has given preliminary approval to a Minnesota company that wants to do some exploratory drilling for gold in South Dakota's Black Hills. The land involved is near the Pactola Reservoir in the Black Hills National Forest and is owned...

Huge underground search for mysterious dark matter begins

Jul. 07, 2022 16:01 PM EDT

LEAD, S.D. (AP) — In a former gold mine a mile underground, inside a titanium tank filled with a rare liquified gas, scientists have begun the search for what so far has been unfindable: dark matter. Scientists are pretty sure the invisible stuff makes up most of the universe’s...

EPA extends comment period on proposed mine restrictions

Jul. 01, 2022 13:37 PM EDT

JUNEAU, Alaska (AP) — The U.S. Environmental Protection Agency is extending by two months the public comment period on its proposed restrictions that would block plans for a copper and gold mine in Alaska’s Bristol Bay region. The agency in a statement said its regional office...

Yacht of wealthiest Russian oligarch docked in haven Dubai

Jun. 28, 2022 12:16 PM EDT

DUBAI, United Arab Emirates (AP) — The man considered to be the wealthiest oligarch in Russia, who has been photographed playing ice hockey with President Vladimir Putin, joins a growing list of those transferring — or, sailing — their prized assets to Dubai as the West tightens its massive...

Swiss customs tracks importation of Russian gold worth $200M

Jun. 24, 2022 05:43 AM EDT

GENEVA (AP) — Swiss customs authorities said Friday that they are tracking about 3 tons of gold of Russian origin that entered Switzerland from Britain last month to watch for potential violations of economic sanctions against Russia following President Vladimir Putin's war on Ukraine. ...