Gold Mining

Gold miners outstrip AI, bitcoin to put ‘unloved’ industry in spotlight

Stock outperformance is set to unlock bumper profits but sparks concern about repeat of financial indiscipline

Deccan Gold rallies 6 percent on nearing production from mine in Kyrgyzstan from October

The Altyn Tor deposits, located in the mineral-rich Soltan Sary zone of Kyrgyzstan, host an estimated 4.65 million tonnes of rock containing an average of 1.21 grams of gold per tonne, yielding an estimated 180,000 troy ounces of gold.

African gold producer Endeavour Mining to buy Teranga Gold for $1.86 billion

Endeavour stated that it was offering 0.47 of its own shares per Teranga share. It has valued Teranga’s equity at C$2.44 billion ($1.86 billion).

In pics | Illegal gold miners ravage Brazil’s Amazon rainforest

According to the Amazon Geo-Referenced Socio-Enviromental Information Network, a monitoring group, more than 450 illegal gold mines are active in the rainforest, with thousands of applications for legal mines pending if the Bolsonaro bill is approved.

Australia-India consortium wants to restart historic gold mine

Mining in Karnataka's Kolar gold field ended in 2001 as gold prices slumped. But a government tender could lead to mining leases held by Bharat Gold Mines Ltd sold to the highest bidder and operations resume.

Rajesh Exports buys Valcambi; plans gold mining foray

Jewellery firm Rajesh Exports on Monday fully acquired Switzerland-headquartered gold refinery Valcambi for USD 400 million (about Rs 2,560 crore) in an all-cash deal, and said it is looking at venturing into gold mining in the next 2-3 years.

NMDC gets gold mining lease in Tanzania

NMDC has got gold mining lease in Tanzania, reports Business Standard.

Decision on NMDC offer to buy 50% stake in Legacy tomorrow

State-owned NMDC, which has put in a bid to acquire 50% holding in Australian exploration firm Legacy Iron Ore, is expecting to get a favourable decision by tomorrow.