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...

Ore-hauling trucker dead after crash at gold mine in Nevada

May. 14, 2019 3:57 PM EDT

EUREKA, Nev. (AP) — Authorities say an ore-hauling truck driver died after the vehicle he was driving overturned at an open-pit mine in northern Nevada. Eureka County Undersheriff James Clark said Tuesday that 57-year-old Dean V. Pilcher of Eureka, Colorado, was killed when the 50-ton ore hauler he was...

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...

Barrick, Newmont joint venture to be named Nevada Gold Mines

May. 8, 2019 4:39 PM EDT

LAS VEGAS (AP) — A company official says a joint venture in Nevada between the state's two largest gold producing companies is nearing regulatory approval and will be called Nevada Gold Mines. The Elko Daily Free Press reports that Barrick Gold Corp. chief executive Mark Bristow revealed the name during a...

Alaska gold mine company invests in future worker training

May. 4, 2019 12:20 PM EDT

BETHEL, Alaska (AP) — An Alaska company is investing in programs for youths and others to fulfill its promise to hire local workers for a proposed gold mine project. Donlin Goldspends $1 million annually on workforce development programs like Yuut Elitnaurviat and Excel Alaska, which train rural Alaskans...

Corps extends comment period on draft Pebble Mine review

May. 3, 2019 4:08 PM EDT

JUNEAU, Alaska (AP) — The U.S. Army Corps of Engineers says it will extend from 90 to 120 days the comment period for a draft environmental review of a proposed copper and gold mine in Alaska's Bristol Bay region. The corps had received comments arguing against an extension and comments urging more time....

Murkowski seeks comment extension on mine draft analysis

Apr. 24, 2019 8:11 PM EDT

JUNEAU, Alaska (AP) — Alaska's senior U.S. senator has asked the U.S. Army Corps of Engineers to extend from 90 to 120 days the comment period on a draft environmental review of a proposed copper and gold mine in Alaska's Bristol Bay region. In a letter to the corps' Alaska commander, U.S. Sen. Lisa...

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...