Latest Precious metals industry News

Minnesota lawmakers introduce anti-copper mining legislation

Jan. 15, 2021 1:26 PM EST

MINNEAPOLIS (AP) — Minnesota lawmakers are ramping up efforts to prevent mining companies from gaining a foothold in Minnesota with legislation that aims to slow or ban copper-nickel mining on the Iron Range. Companion bills set to be proposed by state lawmakers and U.S. Rep. Betty McCollum seek to block...

In this photo released by China's Xinhua News Agency, rescuers work at the site of a gold mine that suffered an explosion in Qixia in eastern China's Shandong Province, Tuesday, Jan. 12, 2021. Authorities have detained managers at a gold mine in eastern China where more than 20 workers have been trapped underground following an explosion Sunday. (Wang Kai/Xinhua via AP)

Managers detained as 22 trapped in China mine for 3rd day

Jan. 13, 2021 9:56 PM EST

BEIJING (AP) — Authorities have detained managers at a gold mine in eastern China where 22 workers have been trapped underground following an explosion Sunday. The condition of the workers trapped for more than three days remains unknown. Managers waited more than a day to give notice of the explosion in...

FILE - In this Aug. 6, 2015, file photo, Dan Bender of the La Plata County Sheriff's Office takes a water sample from the Animas River near Durango, Colo., after the accidental release of an estimated 3 million gallons of waste from the Gold King Mine. The Navajo Nation's Department of Justice announced on Wednesday, Jan. 13, 2021, has settled with two mining companies to resolve claims stemming from a 2015 spill that sent wastewater downstream from the inactive Gold King Mine in southwestern Colorado. (Jerry McBride/The Durango Herald via AP, File)

Navajo Nation, New Mexico reach settlements over mine spill

Jan. 13, 2021 8:13 PM EST

ALBUQUERQUE, N.M. (AP) — The Navajo Nation’s Department of Justice announced Wednesday it has settled with mining companies to resolve claims stemming from a 2015 spill that resulted in rivers in three western states being fouled with a bright-yellow plume of arsenic, lead and other heavy metals....

Rescuers seek to free 22 following China mine explosion

Jan. 12, 2021 5:09 AM EST

BEIJING (AP) — Rescuers are seeking to free 22 Chinese workers trapped underground for more than two days following an explosion at a partially built gold mine in the country's east, state media reported Tuesday. Some 300 rescuers were seeking to clear obstructions to reach the workers, whose condition...

Native American land activist Carrie Dann dies in Nevada

Jan. 11, 2021 2:22 PM EST

RENO, Nev. (AP) — Carrie Dann, a Native American land rights activist, Nevada rancher and longtime leader of the Western Shoshone Nation, has died. Dann and her older sister Mary Dann, who died in 2005, fought with the federal government for decades over ownership of their ancestral lands in central...

Sadyr Zhaparov, the top presidential candidate speaks to the media after the presidential election in Bishkek, Kyrgyzstan, Sunday, Jan. 10, 2021. A nationalist politician who was released from prison amid protests that overthrew Kyrgyzstan's president last year has been elected as his replacement. Voters in Sunday's election that gave Sadyr Zhaparov a landslide victory also approved a referendum to change the constitution to give the presidency more power. (AP Photo/Vladimir Voronin)

Newly-elected Kyrgyzstan president to boost his powers

Jan. 11, 2021 8:18 AM EST

MOSCOW (AP) — A nationalist politician who won a landslide victory in Kyrgyzstan's presidential election said he would push for quick constitutional changes to strengthen the powers of the presidency. Election officials said Monday that with 98% of the ballots counted, Sadyr Zhaparov was winning with 79%...

Alaska governor plans appeal of mine project denial

Jan. 8, 2021 9:38 PM EST

JUNEAU, Alaska (AP) — Alaska Gov. Mike Dunleavy said the state will appeal the U.S. Army Corps of Engineers' rejection of a key permit for a proposed copper and gold mine in a region that supports the world's largest sockeye salmon runs. Dunleavy, in a statement Friday, called the corps' decision flawed...

Investors sue parent company behind gold mine in Alaska

Jan. 2, 2021 11:51 AM EST

ANCHORAGE, Alaska (AP) — The company behind a proposed copper and gold mine in Alaska faces lawsuits from investors claiming it misled shareholders who have seen an 85% drop in stock value since the summer. Two lawsuits filed in U.S. District Court in New York claim Northern Dynasty Minerals violated...

Mine developer to appeal US decision to reject Alaska permit

Dec. 18, 2020 10:37 AM EST

ANCHORAGE, Alaska (AP) — A mine developer says it will appeal a Trump administration decision denying a permit to build a copper and gold mine in southwest Alaska. Northern Dynasty Minerals President and CEO Ron Thiessen said in a statement Thursday that the government's rejection was “without...

FILE- In this Dec. 21, 2017, file photo, a Bitcoin logo is shown is displayed on an ATM in Hong Kong. The price of bitcoin rose above $20,000 for the first time Wednesday, Dec. 16, 2020 as the speculative digital currency reached levels not seen since when bitcoin became tradable on Wall Street three years ago this month. Like other instruments used to store value in times of uncertainty, bitcoin has benefited from the pandemic which has push other commodities like gold, silver, platinum up to multi-year highs. But despite its high price, the currency remains a niche investment for most of the public, and remains extremely volatile. (AP Photo/Kin Cheung, File)

Bitcoin surges past $20,000, erasing 3 years of deep losses

Dec. 16, 2020 5:40 PM EST

CHARLOTTE, N.C. (AP) — The price of bitcoin rose above $20,000 for the first time Wednesday, as the speculative digital currency topped its previous peak reached shortly after it became tradable on Wall Street three years ago this month. Like other instruments used to store value in times of uncertainty,...