Companies in the Democratic Republic of Congo will have to ensure subcontractors they hire are domestically owned under rules being implemented by the government.The requirement adds to the raft of new measures mining companies have had to contend with over the past year, after the state in March 2018 raised taxes and other costs. Investors including Glencore Plc, Randgold Resources Ltd., China Mo...Read More
It's been a bad week for Doctor Copper.London Metal Exchange (LME) copper slumped 3% on Wednesday and has slid further to a three-month low of $6,150 per tonne, last trading at $6,180.True, the move took place in something of a liquidity black hole with China and much of Europe on holiday this week, leaving the market prey to automated funds, which have been momentum-trading a rapidly deterioratin...Read More
Mining giant Rio Tinto (ASX, LON:RIO) is ramping up exploration at its Winu discovery in Western Australia, which could be the company's next major copper project.Speaking at conference in Sydney this week, group executive of growth and innovation Stephen McIntosh said the company's main goal for now is to determine whether Winu was a "Rio Tinto scale" project.The copper-gold-silver discovery, a p...Read More
While demand for electric vehicles (EVs) continues to soar, investment in companies mining for the so-called battery metals is lagging far behind, which may trigger an upcoming global shortage of those minerals, a Tesla executive has warned.The EVs manufacturer pioneer, Reuters reports, has also said it believed that prices for key elements in the making of rechargeable batteries, including cobal...Read More
Canada's Hudbay Minerals' (TSX, NYSE: HBM) has settled a long-dragged out boardroom battle with its second-largest investor, Waterton Global Resource Management, which had been pushing for replacing the miner's chief executive officer and overhaul the board.The announcement comes two weeks after Waterton, which holds about 12% of Hudbay, filed a lawsuit against the base metals producer, in a bid...Read More
In February, Blue Sky Uranium (TSX-V: BSK; OTC: BKUCF) delivered a very positive Preliminary Economic Assessment ("PEA") on the Ivana uranium-vanadium deposit at the Company's 100%-owned Amarillo Grande project in Argentina. The after-tax IRR & NPV is 29.3% & $135M. The upfront cap-ex is estimated at $128M. Importantly, the all-in sustaining cost is estimated to be in the lowest qua...Read More
Altech ticks boxes on path to production SPONSOREDaltech chemicalsExploration spend over the past 10 years totalled US$25.8 billion, well above the $15.4 billion allocated from 1990 to 2008. Yet, that spend yielded 102.4 million tonnes of copper in 21 major discoveries, compared with 992.5Mt in 199 discoveries in the preceding 19 years."Even after adjusting for copper in recently identified deposi...Read More
Altech ticks boxes on path to production SPONSOREDaltech chemicalsIt processed 364,176 tonnes of ore through the Nugget Pond copper and gold milling facility at a feed grade of 1.24% copper and 0.57g/t gold.Read More
RCT has finished a major automation project at Matsa Resources' Aguas Te??idas and Magdalena mines in the Huelva province of Spain.The project involved installing ControlMaster guidance automation on four CAT R2900G underground loaders and one automation centre surface control station at Matsa's Aguas Te??idas copper-lead-zinc mine.The Automation Centre is fitted out with RCT's multiple machine co...Read More
As we know, Gold and the US Dollar have an inverse relationship. Gold is priced in US Dollars and the drivers of each are similar (from an inverse point of view). Over long-term periods both trend in the same direction but the magnitude of the moves can vary and be quite different.The standard inverse relationship has not been a perfect one in recent months or years.In the chart below we plot Gold...Read More
How to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixWhite Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corpQuality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumAltech ticks boxes on path to production SPONSOREDaltech chemicalsRising inflation? Buy gold! Falling inflation and lower interest rates? Buy gold! Strong...Read More
How to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixWhite Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corpQuality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumAltech ticks boxes on path to production SPONSOREDaltech chemicalsThe world's major original equipment manufacturers (OEMs) are increasingly aligning thems...Read More
Ivanhoe Mines has appointed Tony Giardini as its new president, effective immediately. Giardini was most recently the executive vice president and CFO of Toronto-based Kinross Gold, a position which he held since December 2012.Tony Giardini, new president of Ivanhoe Mines. Image courtesy of Kinross Gold's Facebook page.Before joining Kinross, Giardini served as senior vice president and CFO at Ca...Read More
Ivanhoe Mines Ltd said on Wednesday its chief executive officer, Lars-Eric Johansson, would retire at the end of June after 12 years at the helm.Johansson, who held the position since May 2007, has led the company through its initial public offering in 2012 and was a part of the company's major transformation to become a producer of copper, zinc and nickel.The Canadian miner also said it appointed...Read More
The World Bank launched the Climate-Smart Mining Facility on Friday, the first-ever fund dedicated to making mining for minerals climate-smart and sustainable.The fund will support the sustainable extraction and processing of minerals and metals used in clean energy technologies, such as wind, solar power, and batteries for energy storage and electric vehicles.The World Bank is targeting a total...Read More
One of the largest gold mining companies in the world has taken a shine to Chakana Copper (TSV: PERU) and its Soledad project in Peru. Gold Fields (NYSE: GFI) is spending C$8 million to buy 15.69 million Chakana shares at C$0.51 per share for a 16.14% stake in the junior.The proceeds will be used to advance exploration and development of the Soledad copper-gold-silver project, 260 km northwest of...Read More
Privately held industrial conglomerate GFG Alliance said on Wednesday it would spend up to A$100 million ($70.5 million) to get a controlling interest in a copper and iron ore developer to provide materials for its Australian copper and steel business.GFG is building up a South Australian franchise to its global steel and energy business after its purchase of the Whyalla Steelworks and an energy c...Read More
Ridgestone Mining (TSXV: RMI) issued a review of results from exploration on its Rebeico gold-copper project in Sonora, Mexico, and reported that two styles of mineralization were recognized at the site, both containing copper, gold and silver.In a press release, Ridgestone said the mineralization was identified at the over 1 kilometre-long north-south trending Alaska vein, and at the intensely al...Read More
Chile's Codelco, the world's No. 1 copper producer, has begun underground operations at its century-old Chuquicamata mine, ahead of schedule and with more than 8,000 tonnes of ore already extracted since early April.Block-caving, originally planned for May, began at the end of March, the state-owned miner said in a statement. Ore is being initially extracted by truck before starting commercial pro...Read More