Barrick escalates dispute with PNG over Porgera mine

While the measure allows the company to resume full operations, Barrick said it plans to gradually restart them.

The junior mining market suddenly pivoted towards an Alaska-focused gold explorer today, which is advancing a high-grade gold play in Alaska.

A court in the District of Columbia is allowing Canadian Crystallex the possibility of advancing in a legal dispute against Venezuela

Workers at the mine downed tools over a week ago, angered by the company’s actions to eradicate illegal miners from its operations.

The country will require local miners to be 30% black-owned and has set a 12-month deadline for them to comply with the new rules.

It sold $54.8 million worth of rubies, a record high for any Gemfields auction and a 24% increase in revenue from the previous record.

Two miners have been trapped for six days at the Delia mine, part of Canadian Mandalay Resources' Cerro Bayo complex

Financial markets and gold investors were jittery at the start of the trading day, with the Fed poised to raise interest rates for the second time this year.

Agreement is part of plan to double investment in the sector to $25bn in eight years.