Mining

Senate Energy hearing on critical minerals bill

Washington, May 12, 2015, 10:00 am

The Senate Energy and Natural Resources Committee to hold hearing on legislation a bill aimed to improve critical mineral security. United States Geological Survey Acting Director Suzette Kimball to testify.

China's stimulus moves boosting copper

Source: 
The Wall Street Journal

Copper prices have been soaring as China – the biggest consumer of the metal – is taking steps to keep its economy growing, The Wall Street Journal reports.

Guatemalan mine manager jailed for alleged river fouling

GUATEMALA CITY (AP) — The general manager of a Guatemalan mine has been jailed following a 2012 complaint about contamination of a river with mining residue.

General manager Carlos Roberto Morales was jailed on a judge's order Monday, pending further investigation. The San Rafael mine said in a statement that it does not negatively impact the environment and would appeal the judge's decision.

Tight supplies to push copper prices higher, Barclays predicts

Source: 
Platts

Barclays is predicting that copper prices will move up to an average of $6.313 per metric ton in 2015, with continuing constraints on supply, Platts reports.

Mining industry in better shape from cost cutting

Source: 
The Wall Street Journal

Having started spending cuts and other adjustments sooner than major oil companies, big mining firms are ahead of the game in balancing the books, The Wall Street Journal reports.

Discussion on seabed mineral mining

Washington, March 27, 2015, 12:00 pm

The Stimson Center to host discussion on recent developments in efforts to mine seabed minerals, the adequacy of the current legal framework and the challenges ahead.

2 huge gold mines paying $591K in fines for Nevada pollution

RENO, Nev. (AP) — The world's two largest gold-mining companies have agreed to pay nearly $600,000 in combined penalties in a deal with U.S. and Nevada environmental regulators that signals more stringent enforcement of pollution laws in the state that leads the nation in gold production.

Newmont USA is paying $395,000 and Barrick Goldstrike Mines $196,000 as part of an agreement with the state and U.S. Environmental Protection Agency to settle allegations they violated hazardous waste laws with mercury releases recorded during inspections at two huge open-pit mines in northeast Nevada dating to 2007.

Tracks reopen where oil train derailed in West Virginia

MOUNT CARBON, W.Va. (AP) — A rail line has reopened in southern West Virginia where an oil train derailed earlier this month.

A statement from multiple agencies responding to the fiery derailment said crews restored the tracks and reopened the line for commerce Thursday afternoon. Cleanup activities continue at the site in Mount Carbon.

3 killed in illegal Chinese gold mine

BEIJING (AP) — Farmers trying to extract gold from an abandoned mine in central China were overcome by chemical fumes, leaving three dead and six hospitalized, state media reported Tuesday.

Rescuers were dispatched to the mine in Songxian County in the central province of Henan on Saturday after a tipoff from the public, the Xinhua News Agency said.

Copper mining threatens Afghan site of ancient Buddhist past

MES AYNAK, Afghanistan (AP) — Treasures from Afghanistan's largely forgotten Buddhist past are buried beneath sandy hills surrounding the ancient Silk Road town of Mes Aynak — along with enough copper to make the land glow green in the morning light.

An estimated 5.5 million tons of copper, one of the biggest deposits in the world, could provide a major export for a war-ravaged country desperately in need of jobs and cash. But the hoped-for bonanza also could endanger rare artifacts that survived the rule of the Taliban and offer a window into Afghanistan's rich pre-Islamic history.

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