Latest Precious metals industry News

UN experts: Gold from Congo going to armed groups, criminals

Jun. 19, 2020 10:20 PM EDT

UNITED NATIONS (AP) — U.N. experts say armed groups, criminal networks and some law enforcement agents in Congo are reaping vast sums of money from illegally exploiting gold and other natural resources and smuggling them to Uganda, Burundi, Rwanda, Tanzania and the United Arab Emirates. The experts...

FILE - In this July 13, 2007, file photo, workers with the Pebble Mine project test drill in the Bristol Bay region of Alaska, near the village of Iliamma. The Pebble Limited Partnership, which wants to build a copper and gold mine near the headwaters of a major U.S. salmon fishery in southwest Alaska, says it plans to offer residents in the region a dividend. (AP Photo/Al Grillo, File)

Alaska mine project developer proposes dividend program

Jun. 18, 2020 6:15 PM EDT

JUNEAU, Alaska (AP) — A company that wants to build a copper and gold mine near the headwaters of a major U.S. salmon fishery in southwest Alaska is not trying to buy support for the proposed Pebble Mine with its plans to pay residents in the region a dividend, a spokesperson said. “Absolutely...

A statue of Cecil Rhodes, the controversial Victorian imperialist who supported apartheid-style measures in southern Africa stands mounted on the facade of Oriel College in Oxford, England, Wednesday, June 17, 2020. The governing body of Oriel College are meeting today to discuss the future of the statue. (AP Photo/Matt Dunham)

Oxford college recommends removal of Cecil Rhodes statue

Jun. 17, 2020 4:51 PM EDT

LONDON (AP) — The governing body of Oxford University’s Oriel College on Wednesday recommended the removal of a statue of Victorian imperialist Cecil Rhodes that has long been the target of protests — though it won’t be taken down immediately. The college’s governors said they...

Workers remove a statue of John Sutter, a Swiss settler who built the first European settlement on the site of the city of Sacramento, outside Sutter hospital in midtown on Monday, June 15, 2020. Some historical accounts describe Sutter as using Native Americans as slaves and raping Native American girls as young as age 12. (Daniel Kim/The Sacramento Bee via AP)

Statue of pioneer linked to California Gold Rush is removed

Jun. 15, 2020 9:24 PM EDT

SACRAMENTO, Calif. (AP) — A statue honoring a colonizer who laid claim to the land where the discovery of shiny flakes of gold sparked the California Gold Rush was removed Monday outside a hospital bearing his name in the state capital. Several dozen people cheered as a work crew lifted the statue of John...

Alaska gold mine company slowly restarts drilling program

Jun. 9, 2020 9:43 AM EDT

BETHEL, Alaska (AP) — Donlin Gold announced plans to restart its drilling program as the state loosens coronavirus restrictions. The mining company said the current drilling program is its biggest in 12 years, but operations were suspended in March as the state issued health restrictions on travel and...

FILE - In this April 23, 2020 file photo, members of the Vermont House of Representatives convene in a Zoom video conference for its first full parliamentary online session in Montpelier, Vt. Zoom Video Communications is rapidly emerging as the latest internet gold mine as millions of people flock to its conferencing service to see colleagues, friends and family while tethered to their homes during the pandemic. The release Tuesday, June 2, 2020 of the once-obscure company's financial results for the February-April period provided a window into the astronomical growth that has turned it into a Wall Street star.  (Wilson Ring/Zoom via AP, File)

Zoom booms as pandemic drives millions to its video service

Jun. 2, 2020 7:22 PM EDT

SAN RAMON, Calif. (AP) — Zoom Video Communications is rapidly emerging as the latest internet gold mine as millions of people flock to its conferencing service to see colleagues, friends and family while tethered to their homes during the pandemic. Tuesday's release of the once-obscure company's financial...

Alaska agency to review Donlin Gold mine gas pipeline lease

May. 21, 2020 10:20 AM EDT

BETHEL, Alaska (AP) — The Alaska Department of Natural Resources has started a review of a right-of-way lease for a gas pipeline to a proposed gold mine. The agency previously approved the lease for the Donlin Gold mine pipeline in January, KYUK-AM reported Wednesday. The 315-mile (507-kilometer) pipeline...

The Latest: Japan ending state of emergency in 3 prefectures

May. 21, 2020 1:30 AM EDT

The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — Japan approves lifting state of emergency in three...

In this photo taken Sunday, Feb. 23, 2020, a miner stands on a mound of dirt to make a phone call, at a gold mine in Bouda, Burkina Faso. A growing number of small-scale gold miners are out of work in Burkina Faso as jihadists try to seize control of the country's most lucrative industry. (AP Photo/Sam Mednick)

Militants increasing attacks on Burkina Faso mines

May. 9, 2020 5:04 AM EDT

BOUDA, Burkina Faso (AP) — Jihadists burst into the gold mine where Moussa Tambura worked in Burkina Faso, forbidding everyone from smoking and drinking. It wasn’t long before the men returned and leveled the place to the ground. “They attacked the site, killed people and burned...

Judge's ruling halts gold mine project in eastern Idaho

May. 5, 2020 3:26 PM EDT

BOISE, Idaho (AP) — Exploration work by a Canadian company hoping to build an open-pit gold mine in Idaho west of Yellowstone National Park was halted following a federal judge’s ruling involving its impact on groundwater. U.S. District Court Judge B. Lynn Winmill on Monday amended his previous...