Information recently revealed by GlobalData has shown that Australia's mines are about to increase their fleet of autonomous mining trucks. The total number of autonomous trucks that the mines in the country have already surpassed that of any other location on the planet. As of May 2021, there are 575 autonomous trucks operating in various […]
The Big Five is a term coined by the Australian mining industry to refer to Australia's five largest goldmining companies. The Big Five currently dominate production in Australia accounting for 90% of total annual output and are: - Newcrest Mining (ASX: NCM) - St Barbara Limited (ASX: SBM) - OceanaGold Corporation (ASX:OGC) - Evolution Mining […]
Most of the biggest gold mining companies in the world are simultaneously operating in various regions across the globe, from South America and Africa to Australia. Gold remains a very precious resource as a result of its multi-industrial applications, from jewellery to electronic components. The current estimate is that there are approx. 53,000 tons of […]
The drilling project undertaken by the Altan Rio Minerals Limited Company, at the Aries gold prospect, was recently completed. The project included the boring of two holes within an area included in the Southern Cross North Project, in Western Australia. It is just North-East of the intersection of the Great Eastern Highway and Southern Cross […]
Altan = Golden Altan Rio Minerals Limited (Altan Rio) is a West Australian-focused gold exploration company based in West Perth. Altan Rio was first incorporated in the Canadian province of British Columbia, in 2007. Listed on the Toronto Venture exchange in Canada under the symbol TSX-V: AMO, the company's primary focus in Australia is the […]
Although new extraction sites have been discovered in the past few years, the top three best Aussie gold mines have remained the same. Australia is known for being the world's second-largest producer of gold. The continent has over 65 active gold mines, of which 14 are considered to be the biggest on the planet. Top […]
AngloGold Ashanti has recently appointed Alberto Calderon, a former executive at BHP Group, as the mining company's new CEO. This move ended an 11-month period during which there hasn't been a permanent AngloGold CEO. Calderon has been chosen after a long period of headhunting and is set to join the company starting on Sept. 1. […]
Finding gold deposits that can be easily accessed and extracted can be a difficult task, even for professionals. This is mostly because scanning through different soil types, especially if they are layered, can interfere with the gold detection technologies that are currently available. Gold Detector Model However, Minelab™, a company that specializes in metal-detection technology […]
AngloGold Ashanti has a new JV partner, Regis Resources, after Regis announced it is buying a 30% stake in AngloGold Ashanti's Tropicana mine. This is a $903 million AUD purchase, which Regis says adds one-third to its production base. The other 70% is held by AngloGold. Regis Resources says it will raise around $650 million […]
Gold prices held at a two-week high on Tuesday, as geopolitical concerns bolster demand for safe-haven assets. Gold futures were trading up 0.52% to $1,291.73 per troy ounce. More traders are investing in gold after reports that North Korea is preparing a long-range missile test. Some are concerned that North Korea may celebrate the founding […]
Earlier in January 2018, reports of reduced dollar value came to light after China declared that it may stop purchasing US bonds. That made Gold and Silver prices rise. According to online media sources, China's foreign exchange reserve holdings suggested reducing or stopping purchases of US Treasury Bonds. This news led to a decrease in […]
Small-Cap Gold Miner U.S. Gold Corp. (NASDAQ: USAU) announced the discovery of a new zone of precious metals mineralization west of its existing Copper King deposit. Here's something investors can count on: Gold and other commodities will come on strong. Gold and silver are already a few percentage points higher in 2018, as overvalued equity […]
Foreign Gold Coins The Freedom of Information Act has led to the release of information involving 4.6 million foreign gold coins that have been stashed away in West Point, New York. The vaults contain foreign coins, including some that are are no longer in circulation, such as German marks, British sovereigns and French francs. Coins […]
