Informal Gold Miners Disrupt Highways Across Three Provinces in Colombia
Separately, in Antioquia province in the northwest, workers are protesting the destruction of excavators and other heavy machinery used in illegal or informal gold mining by security forces. More than two-thirds of the nation’s gold is produced by in operations that lack full certification. Many of the mining operations in rivers and remote mountains are […]
Using artificial intelligence to distribute monetary aid to select households
AI is being used to send some households cash relief payments Nearly 1,000 hurricane-impacted households in North Carolina and Florida will benefit this week from a new disaster aid program that employs a model not commonly used by philanthropy in the United States: Giving people rapid, direct cash payments. The nonprofit GiveDirectly plans to send […]
Biden Administration Greenlights Ioneer’s Lithium Mine in Nevada
Biden administration approves ioneer’s Nevada lithium mine The recent approval of the Rhyolite Ridge lithium mine marks a significant development in the United States’ pursuit of critical minerals, particularly lithium, which is essential for electric vehicles and renewable energy storage. This project, located in Nevada, has undergone over six years of scrutiny amid debates between […]
Weekly Market Outlook: Earnings from the ‘Magnificent 7’, Bank of Japan Meeting, and US Employment Data
Markets Weekly Outlook – ‘Magnificent 7’ Earnings, BoJ Meeting and US Jobs Data Read More: GBP/USD Technical: Bounce off Key Confluence Level Post PMI, Further Gains in Store? Week in Review: Markets Appear to be in Holding Pattern as Uncertainties Pile Up A mixed week comes to a close as markets appear to be balancing […]
Mali Issues Warning of Permit Lapse for Barrick Mine Amid Dispute
The move comes as the junta has taken an increasingly hard line against the world’s second biggest gold miner, including briefly jailing four of its local executives last month over alleged “financial crimes.” Mali this week accused Barrick of failing to honor a September agreement aimed at resolving their disputes, which the Canadian company has […]
New Regulations Aim toRestrict Freshwater Use in Oil and Gas Operations
New rules would limit use of fresh water in oil-and-gas operations To reduce the amount of fresh water used in oil-and-gas drilling, operators must ensure a certain percentage of water they are using in extraction is reused or recycled under a plan set to be released in the next week by a legislatively created advisory […]
Tesla Shares Surge to Their Highest Level in Over a Year Following Q3 Earnings Report
Tesla shares rise to highest in over a year after Q3 earnings Elon Musk attends ‘Exploring the New Frontiers of Innovation: Mark Read in Conversation with Elon Musk’ session during the Cannes Lions International Festival Of Creativity 2024 – Day Three on June 19, 2024 in Cannes, France. Marc Piasecki | Getty Images A day […]
RUA GOLD Updates on the Acquisition of Siren Gold’s Reefton Assets
RUA GOLD provides an update on previously announced acquisition of Siren Gold’s Reefton assets. – Rua Gold Rua Gold Inc. (TSXV: RUA, OTC: NZAUF, WKN: A4010V) (“RUA GOLD” or the “Company“) is pleased to provide an update on the previously announced acquisition of Reefton Resources Pty Limited (“Reefton”), a 100% owned subsidiary of Siren Gold […]
Another Disappointing Quarter for NYCB Reveals Ongoing CRE Challenges for Banks
Another bad quarter for NYCB shows CRE problems are not yet behind banks Regional lender New York Community Bancorp (NYCB) offered a new reminder Friday that commercial real estate problems are not totally in the rear-view mirror of US banks. The Hicksville, NY-based regional lender posted higher loan loss provisions and loan write-offs in the […]
Gold Miners Struggle with Rising Costs and Risk Missing Out on Bullion Boom
Analysts had high hopes for the industry. Gold has surged more than 30% this year, while fuel prices — one of the miners’ key expenses — have been easing. But Newmont’s results revealed that big gold producers are still wrestling with inflationary pressures, especially regarding labor costs, that have lasted longer than expected. “There’s a […]