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US Treasury gold reserves exceed $1 trillion

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THE US Treasury's gold holdings have surpassed $1 trillion in market value, dwarfing the $11bn figure recorded on government accounts, as precious metal prices...

Mark Bristow in shock departure from Barrick Mining

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MARK Bristow has stepped down as CEO Barrick Mining Corp. with immediate effect, the Toronto-listed company announced on Monday. He will replaced by Mark Hill,...

Aussie gold miner doubles down in Burkina Faso

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IT’S a busy time for Perth-based West African Resources which recently registered first production from Kiaka, a gold mine in Burkina Faso. This is...

China slashes non-ferrous metals growth targets

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CHINA has dramatically reduced its production growth ambitions for major non-ferrous metals over the next two years, signalling a strategic pivot towards efficiency and...

Vedanta plans talks on dollar bond sale

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VEDANTA Resources is scheduled to hold discussions with investors today regarding a potential dollar bond issuance designed to refinance expensive private debt, said Bloomberg...

Coal industry “still evolving”, says Menar’s Bayoglu

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COAL'S importance to baseload power generation and advances in technology that have helped reduce the fuel's carbon footprint were being understated by its opponents,...

Congo reopens mining talks amid smuggling crisis

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THE Democratic Republic of Congo has reopened negotiations with mining companies as it seeks to recover billions of dollars lost through gold smuggling, the...

Botswana runs surprise ad-hoc diamond auction

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BOTSWANA has launched an unprecedented ad-hoc diamond auction in an effort to raise  revenue as the southern African nation grapples with a slump in...

Gold Fields sells Northern Star stake for A$1.1bn

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GOLD Fields said on Friday it had raised about A$1.1bn ($725m) through the sale of its 3.4% stake in Sydney-listed Northern Star Resources. This takes...

Can South Africa deliver on rare earth minerals?

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SOUTH Africa has the critical minerals that the US needs to industrialise, including rare earth minerals, President Cyril Ramaphosa told President Donald Trump in...