SNC-Lavalin Group Inc. won't reveal the location of a "serious problem" in its mining business that fueled an epic share rout Monday. But analysts are pointing the finger at Chile.AltaCorp Capital, Desjardins Capital Markets, Canaccord Genuity and Raymond James say a copper mine run by Codelco, Chile's state-owned copper producer, is the probable source of SNC's pain. SNC Chief Executive Officer N...Read More
Increased demand for battery materials used in electric vehicles has reignited interest in the mining sector now that the China-induced supercycle in commodities demand is levelling off.But if you rely on forecasts of EV take-up from the US Energy Information Administration, you may well wonder what the hype is about.The EIA Energy Outlook 2019, released last week, foresees uptake of electric vehi...Read More
Cordoba Minerals (TSXV: CDB), the Toronto-based miner developing the San Mat?-as project in the department of C??rdoba in northern Colombia, issued a media statement today detailing the reasons behind the lawsuits it filed in late 2018 and January 2019.According to the press release, Cordoba was forced to present criminal charges before Colombian prosecutors against nine members of former manageme...Read More
Fortune Minerals (TSX: FT) (OTCQX: FTMDF), the company behind what could become Canada's first primary cobalt mine, has signed a socio-economic agreement with the government of the Northwest Territories (N.W.T.) in which it commits to hire and spend locally.The 48-page document sets out targets for jobs, spending, education, and training in the Territories as the NICO cobalt, bismuth, gold, and c...Read More
"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftGolden Mile positioned for successSPONSOREDgolden mile resourcesCardinal advances at pace in Ghana SPONSOREDcardinal resourcesRevised Leonora PFS is next for KinSPONSOREDkin miningThe project ranks among the biggest undeveloped copper-gold-molybdenum deposits in the world and has collectivel...Read More
The magnificent gold price rally has paused in the $1300 area for the past few weeks. Monday was COMEX option expiry day.With that now out of the way, gold is already staging more upside action!Please click here now. Double-click to enlarge this daily gold chart. A bullish upside channel breakout is in play and the consolidation was a flag-like pattern.Also, note my key 14,7,7 series Stochastics o...Read More
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All holes encountered significant mineralisation with the most notable results being along the northern margin of drilling completed to date. Highlights included 236.35m grading 0.53% copper, 0.63g/t gold and 12.09g/t silver from 87.55m depth. This hole intercepted high-sulphidation epithermal and skarn with overprint of carbonate base metal intermediate sulphidation veining."The AntaKori project...Read More
The company said the future viability of the mine required an adjustment to "how we are organised, how we work and the technology that we use to improve our efficiency and productivity". Los Bronces has about 6,970 workers including contractors.The news comes as the company prepares to file an environmental impact assessment in March for an underground expansion project that will require an invest...Read More
"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftGolden Mile positioned for successSPONSOREDgolden mile resourcesCardinal advances at pace in Ghana SPONSOREDcardinal resourcesRevised Leonora PFS is next for KinSPONSOREDkin miningIt said it had intersected "a continuous potassic alteration facies as host to numerous granite dykes with coppe...Read More
"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftGolden Mile positioned for successSPONSOREDgolden mile resourcesCardinal advances at pace in Ghana SPONSOREDcardinal resourcesRevised Leonora PFS is next for KinSPONSOREDkin miningThere are times as a parent, in particular the parent of a teenage boy, when we simply have to accept the realit...Read More
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