Latest Precious metals industry News

8 people trapped in flooded mine in China's northeast

May. 17, 2019 4:09 AM EDT

BEIJING (AP) — Chinese authorities say eight people remain trapped Friday in a flooded iron mine in the country's northeast. The accident comes a day after 10 people were killed when a building being refurbished in the financial hub of Shanghai collapsed. Both incidents underscore continuing problems with...

Peru's military tries to curb illegal gold mining in Amazon

May. 16, 2019 1:25 AM EDT

LA PAMPA, Peru (AP) — By day, Peruvian police and soldiers search for and destroy equipment used by illegal gold miners in a part of the Amazon rainforest where mining has transformed once-dense foliage into a desert pocked with dead trees and toxic pools. As night falls, they play cards and soccer, call...

Australian opposition leader favorite to win election

May. 15, 2019 10:59 PM EDT

CANBERRA, Australia (AP) — Bill Shorten, the man most likely to become Australia's prime minister in elections on Saturday, has the solid support of his center-left Labor Party behind him. But the Australian public isn't so sure. Shorten first found the public spotlight as a miners' union boss in 2006 when...

Just add water: Salt battery could help renewable energy use

May. 9, 2019 9:03 AM EDT

BERLIN (AP) — Amid the hum and heat of Berlin's Reuter thermal power station stands a shining contraption that looks out of place in the decades-old machine hall. Its silver pipes and vats contain a substance that Vattenfall, the plant's operator, says could become a key ingredient for a fossil fuel-free...

Correction: Zinke-Gold Mining Job story

Apr. 24, 2019 12:29 PM EDT

BILLINGS, Mont. (AP) — In an April 16 article on former Interior Secretary Ryan Zinke taking a job with U.S. Gold Corp., The Associated Press erroneously reported that Zinke would receive up to $120,000 a year in expenses related to his consulting contract, citing a company filing with the U.S. Securities...

San Francisco's campy "Beach Blanket Babylon" show to end

Apr. 18, 2019 3:31 PM EDT

SAN FRANCISCO (AP) — The campy "Beach Blanket Babylon" musical revue that has been a must-see for San Francisco tourists for 45 years is coming to an end. Producer Jo Schuman Silver announced Wednesday the show's final performances will be on New Year's Eve. The show spoofs political and pop culture and...

Mining project on federal lands hires former Interior head

Apr. 16, 2019 2:54 PM EDT

WASHINGTON (AP) — Former Interior Secretary Ryan Zinke has a new job: a more than $100,000-a-year post with a gold-mining firm that's pursuing project approvals involving the federal agency that Zinke left fewer than four months ago. Zinke told The Associated Press on Tuesday that his work for Nevada-based...

California races to deter disaster as towns face fire risk

Apr. 11, 2019 9:36 PM EDT

SACRAMENTO, California (AP) — Impoverished towns in the shadow of Mount Shasta. Rustic Gold Rush cities in the Sierra Nevada foothills. High-dollar resort communities on the shores of Lake Tahoe. Ritzy Los Angeles County suburbs. They all could be the next Paradise. A McClatchy analysis reveals more than...

AP FACT CHECK: Trump's disdain for traditional census

Apr. 2, 2019 5:12 PM EDT

WASHINGTON (AP) — In President Donald Trump's estimation, the 2020 census will be pointless unless a question is added that asks people if they are citizens. That opinion makes him a distinct outlier in government, business and society, where the big census conducted every 10 years produces a gold mine of...

Uganda holds 3.6 tons of gold possibly from Venezuela

Mar. 25, 2019 12:49 PM EDT

KAMPALA, Uganda (AP) — A gold refinery established by a Belgian is facing Ugandan sanctions over the questionable importation of 7.4 tons of gold earlier in March, adding to growing allegations that minerals from conflict-plagued countries pass through the Uganda-based company. The company, African Gold...