Latest Precious metals industry News

Mexico says drug cartels prey on mining companies

Sep. 29, 2020 3:59 PM EDT

MEXICO CITY (AP) — Mexico launched a special government guard force for mining operations Monday, admitting that drug cartels have preyed on the companies, many of which are foreign. The first 118 mine guards graduated Monday from a special training course. They are equipped with assault rifles. Public...

Executive leaves mine project amid recorded comment fallout

Sep. 23, 2020 7:05 PM EDT

JUNEAU, Alaska (AP) — The man helping lead efforts to develop a copper and gold mine near the headwaters of a major salmon fishery in Alaska has resigned following the release of recorded comments in which he “embellished” relationships with elected and regulatory officials, Northern Dynasty...

University students march holding a poster with a message that reads in Spanish:

Wave of massacres signals new chapter in Colombia's conflict

Sep. 23, 2020 3:04 PM EDT

BOGOTA, Colombia (AP) — Jose Manuel Mancilla was taking a break from his job at a local gold mine. So on Sunday he gathered with friends at a hillside home in his village of Munchique, where about 20 people were drinking and staging cockfights. The 19-year-old’s life ended abruptly when hooded men...

People gather at the scene of a gold mine collapse near the town of Kamituga, South Kivu province, in eastern Congo Friday, Sept. 11, 2020. More than 50 people are dead after landslides collapsed three artisanal gold mines near the town of Kamituga in eastern Congo's South Kivu province on Friday, officials said. (Jeff Mwenyemali/Maisha RDC via AP)

More than 50 killed at collapsed gold mine in eastern Congo

Sep. 12, 2020 6:14 AM EDT

KINSHASA, Congo (AP) — More than 50 people are dead after landslides caused the collapse of three artisanal gold mines near the city of Kamituga in eastern Congo’s South Kivu province on Friday, officials said. Heavy rains for days led to the disaster. “The diggers and the transporters of...

Local officials visit the gold and copper mine site, in Reko Diq district in southwestern Pakistan's Baluchistan province March 18, 2017. Pakistan is seeking the reversal of a $5.8 billion penalty imposed by an international tribunal for denying a mining lease to an Australian company, saying that paying the fine will hinder its ability to cope with the coronavirus pandemic. The Reko Diq district is famed for its mineral wealth, including gold and copper. (AP Photo/Naseem James)

Pakistan seeking relief from $5.8B fine over mining lease

Sep. 7, 2020 1:59 AM EDT

ISLAMABAD (AP) — Pakistan is seeking the reversal of a $5.8 billion penalty imposed by an international tribunal for denying a mining lease to an Australian company, saying that paying the fine would hinder its handling of the coronavirus pandemic. The Reko Diq district in southwestern Pakistan’s...

Director Roderick MacKay poses for portrait photographs for the film 'The Furnace' during the 77th edition of the Venice Film Festival in Venice, Italy, Saturday, Sept. 5, 2020. MacKay had to get government approval to leave Australia and will spend a total of a month in quarantine because of coronavirus precautions but says it's a small price to pay to bring his first feature film to Venice. (Photo by Joel C Ryan/Invision/AP)

Quarantine a small price to pay for Australian in Venice

Sep. 5, 2020 9:01 AM EDT

VENICE (AP) — Roderick MacKay had to get government approval to leave Australia, spent two weeks in preventive coronavirus quarantine in Rome and will be locked up in a hotel back in Australia for another two weeks upon his return. But the 33-year-old director says it’s a small price to pay to get...

Men search for gold at an illegal gold mine in the Amazon jungle in the Itaituba area of Para state, Brazil, Friday, Aug. 21, 2020. It’s part of a gold rush that started in 1984 after the precious metal was discovered in the region, where around 30 tons of gold worth some $1.1 billion are illegally traded in the state of Para annually, according to National Mining Agency estimates, or about six times more than the amount legally declared. (AP Photo/Lucas Dumphreys)

AP PHOTOS: llegal gold miners ravage Brazil's rainforest

Aug. 24, 2020 11:32 AM EDT

ITAITUBA, Brazil (AP) — The wiry figure of an illegal gold miner wields his machete to cut a path through virgin rainforest, opening the way for his partners heading to a gold mine deep in the Itaituba region of the Amazon, between two protected forest reserves. Dercilio Franchini, 52, and his partner Ze...

A hoard of gold coins discovered at an archeological site in central Israel, Tuesday, Aug 18, 2020. Israeli archaeologists have announced the discovery of a trove of early Islamic gold coins during recent salvage excavations near the central city of Yavn Tel Aviv. The collection of 425 complete gold coins, most dating to the Abbasid period around 1,100 years ago, is a

Israeli dig unearths large trove of early Islamic gold coins

Aug. 24, 2020 4:55 AM EDT

JERUSALEM (AP) — Israeli archaeologists announced Monday the discovery of a trove of early Islamic gold coins found during recent salvage excavations near the central city of Yavne. The collection of 425 complete gold coins, most dating to the Abbasid period around 1,100 years ago, was a “extremely...

FILE - In this Tuesday, Oct. 8, 2019, file photo, from left, Bristol Bay Reserve Association Board member Mike LaRussa, Bristol Bay Native Association President/CEO Ralph Andersen, Bristol Bay Regional Seafood Development Association Executive Director Andy Wink, United Tribes of Bristol Bay Deputy Director Lindsay Layland, Bristol Bay Economic Development Corporation President and CEO Norm Van Vactor, and Robin Samuelson of Bristol Bay Native Corporation, make statements at the Federal Courthouse in Anchorage, Alaska. The Trump administration plans to block a proposed copper and gold mine near the headwaters of a major U.S. salmon fishery in Alaska, six people described as familiar with its plans told Politico on Saturday, Aug. 23, 2020. The administration's rejection of the Pebble Mine project is expected to come after Trump faced pressure to stop it from GOP mega-donor Andy Sabin, Bass Pro Shops CEO Johnny Morris and his eldest son, Donald Trump Jr., Politico re

Report: Trump administration to block proposed Alaska mine

Aug. 22, 2020 11:29 PM EDT

The Trump administration plans to block a proposed copper and gold mine near the headwaters of a major U.S. salmon fishery in Alaska, six people described as familiar with its plans told Politico on Saturday. The administration's rejection of the Pebble Mine project is expected to come after Trump faced pressure...

A man wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, Aug. 18, 2020. Shares were mixed in Asia on Tuesday, after buying of technology stocks nudged the S&P 500 closer to the record high it set in February before the pandemic crunched the global economy. (AP Photo/Vincent Yu)

Asia shares mixed after tech rally takes S&P 500 near record

Aug. 18, 2020 12:12 AM EDT

Shares were mixed in Asia on Tuesday, after buying of technology stocks nudged the S&P 500 closer to the record high it set in February before the pandemic crunched the global economy. Benchmarks fell in Hong Kong, Tokyo and Seoul but rose in Sydney and Shanghai. Markets were buoyed by developments in...