Kazakhstan’s central bank is taking strategic measures to adjust its gold reserves as global market dynamics shift, as reported by the Greater Houston Partnership. The bank aims to “replenish the foreign-currency part of the reserves, which is invested in highly liquid instruments in external markets” by shifting away from bullion holdings. Kazakhstan is among several...
READ MOREVancouver-based Imperial Metals has announced higher copper and gold production in the second quarter of the year, driven by increased output from the Mount Polley and Red Chris mines in British Columbia. The TSX-listed firm reported production of 11.18 million pounds of copper and 14,289 ounces of gold for the three-month period, with 7.06 million...
READ MOREEcuador’s government announced on Thursday that it has successfully concluded negotiations with Australian miner SolGold (OTCPK: SLGGF) to move forward with the development of the Cascabel copper-gold mine. The ambitious project is anticipated to require a substantial investment of nearly $5 billion over its operational lifespan. According to government projections, the Cascabel mine has the...
READ MOREEvery year in June, Russia traditionally hosts the St. Petersburg International Economic Forum (SPIEF). This year was no exception: despite the sanctions against Russia, the forum took place and was attended by a large number of delegates from all of its regions. It discussed not only the prospects of Russia’s economic development, but also concluded...
READ MORECanada Silver Cobalt Works Inc. has released gold assay results from its 60,000-metre 2020-2022 drilling programme and reviewed the company’s gold data from the 2011-2019 surface drill and 2014 channel sample programmes at Castle East, as well as the underground drilling programme from 2019 at its Castle Mine. The company has discovered gold mineralisation in...
READ MOREThe Deep Underground Neutrino Experiment (DUNE) is currently under construction in a former gold mine in the U.S. state of South Dakota. The experiment will feature the largest underground caverns in history, with two main caverns that are seven stories tall, 100 metres long and 19.5 metres wide, and a third utility cavern that is...
READ MOREThe Democratic Republic of Congo (DRC) is working to transform itself from a producer to a processing country, according to Finance Minister Nicolas Kazadi. To achieve this goal, the government has signed a deal with the United Arab Emirates to buy all gold produced by the artisanal sector and is putting infrastructure in place to...
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