* China's refined copper output in January and February rose by 6.3 percent year-on-year to 1.34 million tonnes, the National Bureau of Statistics said on Friday.* Output on a daily basis works out at around 22,712 tonnes, according to Reuters calculations, down 16.1 percent from December's rate of around 27,065 tonnes* The bureau does not typically provide individual monthly numbers for January a...Read More
Newmont Mining (NYSE:NEM) announced Friday that the $245-milion power station project for its Tanami gold mine in northern Australia had been completed.The world's No.2 gold and copper producer, which has fully owned and operated the mine since 2002, said the project included the installation of two power stations, a 66 kV interconnected power line, and a 450 km natural gas pipeline.Newm...Read More
Poland's Supreme Audit Office (NIK) has lambasted state-controlled miner KGHM (WSE:KGH) for buying the Sierra Gorda copper mine in northern Chile, saying that company has spent more than PLN 19.6 billion (about $5.2 billion) managing the operation and the ore processing plant over the last three years.The Office, which looks into the way the Polish state operates and how it spends public funds, sa...Read More
Eastern promise for PolarXSPONSOREDpolarxAltech ticks boxes on path to production SPONSOREDaltech chemicalsAlara, which has been active in the Middle East since last decade, said the debt funding was from Doha-headquartered SAMA Global Investment.Read More
Eastern promise for PolarXSPONSOREDpolarxAltech ticks boxes on path to production SPONSOREDaltech chemicalsThe Montana Department of Environmental Quality this week released the draft environmental impact statement, which outlines the final permitting steps required.Read More
Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corp"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesAt least, according to the rationale...Read More
B.C.'s biggest mining mergers and acquisitions (M&As) in 2018 doubled in value to $9.5 billion compared with $4.6 billion in 2017, which was the second-lowest-valued year for M&As since 2013.Despite the impressive growth in 2018, the annual value of B.C.'s mining M&As still has a long way to go to reach the 2015 high of $10.4 billion. In recent years, the average mining M&A deal value has grown fa...Read More
On March 14 the Mining Association of Canada released the latest edition of its annual Facts & Figures report that provides a comprehensive overview of the trends affecting Canada's mining sector. It contains the unwanted truth that this country's competitiveness continues to erode.Canada is losing its ability to seize new opportunities for growth and it is essential the federal and provincial gov...Read More
Miner Anglo American on Thursday completed the installation of a floating island of solar panels in a tailings pond associated with its flagship Los Bronces copper mine outside the Chilean capital of Santiago, a bid to boost efficiency at the deposit.The 256 panels, tethered to the bottom of the artificial lagoon to ensure proper orientation even in strong winds and changing water levels, have the...Read More
Southern Copper Corp, one of the world's biggest copper producers, is considering an investment in a lithium project in Mexico that has also attracted interest from a Chinese firm, the company's chief executive told Reuters on Wednesday.Oscar Gonzalez said company officials visited the lithium project in the state of Sonora, Mexico, although he could not recall the name of the Canadian miner he sa...Read More
Russia's RDIF sovereign wealth fund said on Thursday it had completed a joint deal with the Russia-China Investment fund and a Middle Eastern sovereign wealth fund to acquire a 9.53 stake in Russian mining company Intergeo.Intergeo, a part of Onexim Group, which manages the assets of Russian billionaire Mikhail Prokhorov, is developing its Kingash deposit in Russia's Krasnoyarsk region and Ak-Sug...Read More
A lack of exploration and discovery near Hemlo has created an opportunity for one Canadian company with a deep connection to the region to make the next discovery and the regional connection between two possible gold systems. by Nicholas LePanThe winters in Northern Ontario pause most exploration programs, however for one company, the deep chill provides an opportunity to follow up on an i...Read More
Alkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesThe company said optimising mining and processing represented some 52% of the synergies, or $250 million a year. Within this, integrated mine planning will save $140 million a year, some 29% of the total.It will prioritise high-grade underground ore feed through the Goldstrike and Carlin Mill 6 roasters, minimisin...Read More
"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftHudbay said it would buy United Copper & Moly's 7.95% stake for $45 million in cash upfront and three annual payments of $10 million from July 2022.President and CEO Alan Hair said the simplified ownership structure improved Hudbay's financial flexibility to develop Rosemont and it hoped...Read More
Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corp"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesASX-listed Atrum Coal disclosed in a...Read More
Toronto's Hudbay Minerals has reached an agreement with United Copper and Moly to buy out UCM's 7.95% interest in the Rosemont copper project 50 km southeast of Tucson. The purchase includes termination of all UCM's remaining earn-in and offtake rights.The price of the deal is $45 million in cash now plus three annual installments of $10 million beginning on July 1, 2022.The arrangement simplifies...Read More
Gone are the days where the economics of sustainability meant mining companies had to choose between what was best for their bottom line and what was best for the environment and the communities their mines affect, a BDO report, Impressions from PDAC 2019, released this week finds.Among the reports key findings are that sustainability pressure turns into competitive advantage. After stakeholder p...Read More
Northern Dynasty Minerals (TSX:NDM) has entered into a bought deal financing with Cantor Fitzgerald Canada to raise $10 million that will allow the miner to further advance its Pebble copper-gold-silver project in Alaska.The deal prices the company's shares at 64 Canadian cents, a 13.5% discount to the stock's price before the financing was announced.The Canadian miner has also granted the underwr...Read More
Pakistan's military is taking a key role in the development of one of the world's biggest untapped copper and gold deposits, which is currently stalled by a multi-billion dollar legal wrangle with foreign mining firms, multiple sources familiar with the situation said.The Reko Diq mine has become a test case for Prime Minister Imran Khan's ability to attract serious foreign investment to Pakistan...Read More
With little fanfare, gold is staging a nice consolidation in the $1280-$1350 price zone.Please click here now. Double-click to enlarge. A breakout from this $70 trading range would usher in a fresh target of $1400 and perhaps $1420.Note the superb position of the 14,7,7 series Stochastics oscillator at the bottom of the chart.Its great positioning is just one of many reasons why $1280 could...Read More