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America’s coal country is heading for another wave of layoffs
The clearest sign yet that America’s Coal County is headed for widespread job cuts: The amount of coal being produced per U.S. miner is at the lowest level in eight years. Productivity has slid 11% this year alone. The last time it was this low was in 2011, when coal...
DeepGreen makes run at seafloor mining
DeepGreen Metals intends to be the world’s first zero tailings miner by retrieving polymetallic base metal nodules from the seafloor. In lab tests the nuggets have been treated with calcination and smelting techniques that produced iron-rich alloy nuggets with payable...
McEwen Mining shares up on Q3 production results
McEwen Mining on Thursday reported consolidated production for Q3 2019 of 35,043 gold ounces and 947,146 silver ounces, or 45,930 gold-equivalent ounces (GEOs). For the nine months ended September 30, the company produced 128,125 GEOs, or 74% of its revised guidance...
Avesoro Resources to go private if insider takeover bid successful
West Africa-focused gold miner Avesoro Resources (TSX, AIM:ASO) said on Thursday that its majority shareholder has formally submitted an offer to acquire shares in the company it doesn’t already own. The bidder, Avesoro Jersey, already has a 72.9% stake in the bullion...