Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesHow to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixDay-to-day, mining entrepreneurs are likely to express great confidence...Read More
Eastern promise for PolarXSPONSOREDpolarxCash and cash equivalents decreased $80.7 million during the quarter from $815.4 million to $734.7 million. Cash used in investing activities increased to $182 million from $150.7 million in the prior year period."This is a very exciting time for Lundin Mining. We are pleased with our results in the first quarter of 2019 with all mines operating well," said...Read More
Eastern promise for PolarXSPONSOREDpolarxCITIC is buying 153.8 million Ivanhoe shares at C$3.98 per share (C$612 million), a premium of 29% over the last closing price, which will boost its ownership stake from 19.3% to 29.9%.CITIC Metal's second major investment in Ivanhoe in less than a year will boost the company's available cash position to $1.3 billion when it closes in September, almost doub...Read More
The world's top copper miner Codelco has added its first hybrid dumptruck to its fleet at its El Teniente mine, the company said on Wednesday, in a global mining industry that is increasingly seeking to reduce its emissions and environmental footprint.The so-called Load-Haul-Dump truck, known as an LHD, built by Japanese equipment manufacturer Komatsu, is expected to boost productivity by 10% to 2...Read More
Anglo American Plc is no longer a darling at JPMorgan Chase & Co.After almost three years of rating the mining giant's stock as overweight, the firm downgraded it to neutral on Wednesday citing a trio of concerns - shares no longer look as cheap, the company's 2020 earnings may see a cut and capital returns may be constrained in the first half of the year. Shares slid as much as 3 percent in Londo...Read More
BHP, Barrick Gold, Teck Resources and Antofagasta are a few of the major mining companies that, together with equipment suppliers and universities, have helped develop global guidelines on automation.The document, published this week by Canada-based Global Mining Guidelines Group (GMG), outlines a framework for miners to follow when considering adding autonomous equipment to their operations. It a...Read More
Chile-focused copper miner Antofagasta posted a 22.6 percent jump in first-quarter copper production and maintained its full-year output outlook, despite the possibility that China may ease stimulus measures which could hurt prices.Antofagasta said on Wednesday production in the quarter was bolstered by better quality ore and higher output, mainly at its Centinela mine, and kept its annual output...Read More
Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesHow to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixThe Vancouver-headquartered company that produces coking coal, zinc, co...Read More
The great euphoria emanating from these near-record-high stock markets is breathtaking. Traders are again convinced stocks do nothing but rally indefinitely. That everything-is-awesome mindset has stunted gold's latest upleg, since there's no perceived need for prudently diversifying stock-heavy portfolios. But that psychology can change fast, as we saw a half-year ago. Gold investment roa...Read More
Eastern promise for PolarXSPONSOREDpolarxThe miner produced 188,600 tonnes of copper during the quarter, 22.6% higher than the same 2018 period, although it was 14.Read More
Eastern promise for PolarXSPONSOREDpolarxThe Sandfire CEO's attention had turned to business development and the status of the opportunity Sandfire has had on its books since 2014 - the Black Butte copper project in Montana.Read More
Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesHow to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixJust when you thought I was done with silly stories from my dear old Da...Read More
Toronto-based Noront Resources, 85% owner of the McFaulds volcanogenic massive sulphide property in the Ring of Fire, has completed a 2,059-metre copper-zinc focused program at the No.8 deposit. (KWG Resources holds the other 15% of the project.)Hole MCF-19-102 did not intersect massive sulphide, but returned a very respectable 20.0 metres grading 2.0% copper and 0.1% zinc within a zone of abundan...Read More
Canadian miner Teck Resources Ltd , the world's second-biggest exporter of steelmaking coal, reported a better-than-expected quarterly profit on Monday, boosted by its energy business and a slight increase in commodity prices.The miner said even though commodity prices were lower than a year ago, prices rose during the first quarter and closed higher than prices at Dec. 31, 2018.The profit beat co...Read More
The London Metal Exchange (LME), the world's biggest market for industrial metals, said Tuesday it would only allow responsibly sourced brands to trade on the platform from 2022 on, as part of increasing efforts to root out ore mined using child labour.The initiative, one of the first launched by the organization to clean up the global supply chain of all its commodities, will require all listed b...Read More
Eastern promise for PolarXSPONSOREDpolarxThe analysts do not expect ‘base case' projects moving through the development phase now to upset long-term copper market balance.They were aware of market concerns about an avalanche of supply creating surpluses and price weakness, but said: "We disagree.Eastern promise for PolarXSPONSOREDpolarx"The mining industry has faced persistent headwinds, ref...Read More
Keith Barron, who owns 53% of the outstanding common shares of Aurania Resources (TSXV: ARU), has agreed to loan the company up to C$3 million to support exploration at its 100%-owned Los Cities gold project in Ecuador. The chairman and CEO also participated in the company's rights offering in March that raised C$5.25 million. Barron acquired 1.48 million of the 1.95 million shares issued at C$2.7...Read More
Japan's mining and energy conglomerate JXTG Holdings Inc., the majority owner of Chile's Caserones copper mine, is said to be studying the sale of the operation, in a deal that could fetch about $1 billion.According to The Wall Street Journal, the urge for offload the asset comes amid expectations of rising copper prices, driven in part by a lack of investment in new mines and soaring demand for...Read More
Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesHow to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixSuddenly, an obscure mineral is essential while another becomes next to...Read More
How to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixQuality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumCardinal's Namdini Ore Reserve Now 5.1 MozSPONSOREDcardinal resourcesPerhaps more interesting than the numbers is the fact that the company describing gold as having a "reserve crisis" is not one of the usual mining consultancies or investment...Read More