Roughly one year ago and prior to that we observed that the gold stocks could be following the recovery template from what we deemed a "mega bear market."We define that as a bear market that is over two and a half years in time and over 80% in price. It cuts both ways.The gold stocks from 2011 to January 2016 had declined more than 80% and for more than four years. It was a textbook mega bear mark...Read More
Alderan unlocking Frisco potentialSPONSOREDalderan resourcesThe regulator found 18 irregularities related to Caserones with 11 deemed "severe".Read More
The decision will in effect limit supply from 2022-23, although CEO Ivan Glasenberg said a price impact would likely come from the decision."I believe it will put pressure on the price," he said during the 2018 results presentation.The cap will be around 150 million tonnes a year. Despite an 8% higher year-on-year adjusted EBITDA of US$15.8 billion, the company's profits fell 41% compared to...Read More
Alderan unlocking Frisco potentialSPONSOREDalderan resourcesThe company was revitalised last year when a leadership shakeup saw Colin Bird take the helm as chairman and the appointment of Laurence Read as CEO. Bird has created a strong following over a 40-year career, which includes the sale of Zambian copper-nickel explorer Kiwara plc to First Quantum for US$260 million a decade ago. Read has a l...Read More
Alderan unlocking Frisco potentialSPONSOREDalderan resourcesPrivate equity firm Waterton Global Resource Management, which owns 12% of Hudbay, said Tuesday it had published an investor presentation that laid out what it believed was the right strategic pathRead More
"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftEastern promise for PolarXSPONSOREDpolarxCobalt leader talks about new era for project, IdahoSPONSOREDecobalt solutionsGolden Mile positioned for successSPONSOREDgolden mile resourcesDuring the previous cycle, many of these presentations were indistinguishable in format and, indeed, only sub...Read More
"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftEastern promise for PolarXSPONSOREDpolarxCobalt leader talks about new era for project, IdahoSPONSOREDecobalt solutionsGolden Mile positioned for successSPONSOREDgolden mile resourcesOne of the great fallacies about those of us who work in The City is that we have any idea what in the hell w...Read More
Eurasian Resources Group Sarl will halt production at a copper and cobalt mine in the Democratic Republic of Congo, as it considers future investment in new production methods.The shutdown at Boss Mining Sprl will curb cobalt supplies from a nation that accounts for three-quarters of global production of the metal used in rechargeable batteries. The suspension comes at a time of strained relations...Read More
Chile's Superintendency of the Environment (SMA) filed charges against Lumina Copper on Tuesday for infractions to the provisions established in its Resolutions of Environmental Rating (RCA), both at the Caserones mine and the Electric Transmission Line necessary for the development of the project.Lumina Copper faces fines of up to $54.8 million for infractions to the provisions established in it...Read More
Glencore Plc is planning to cut production at one of its largest copper and cobalt mining operations in the Democratic Republic of Congo, the Wall Street Journal reported citing sources on Tuesday.The output cut is likely to be temporary as the company looks for new ways to mine copper, the report said.The company also plans to lay off about 2,000 employees, mostly contractors, at the Mutanda mine...Read More
Hudbay Minerals' (TSE, NYSE: HBM) second-largest investor, Waterton Global Resource Management, has turned up the heat in a boardroom battle that seeks to replace the Canadian miner's chief executive officer and overhaul its board.The private-equity firm, which holds about 12% of Hudbay, released an investor presentation on Tuesday, detailing what it sees as the path forward for the miner. The...Read More
BHP, the world's largest mining company, has urged peers to create an independent international body in charge of overseeing the construction, integrity and operations of tailings dams, which storage mining waste, following the second collapse of a dam in Brazil in the past three years."As an industry, we now have to redouble our efforts to make sure events like this simply cannot happen," Chief E...Read More
The world's two biggest gold miners both announced mega-mergers over the past 5 months or so. These huge deals briefly garnered some interest in the usually-forgotten gold-stock sector, and fleeting praise from Wall Street analysts. But gold-stock mega-mergers are bad news for gold-miner shareholders on all sides. They reveal the serious struggles of major gold miners, and really retard futu...Read More
Alderan unlocking Frisco potentialSPONSOREDalderan resources"Due to the scale of Marimaca, Berta was a distraction for us," president and CEO Luis Tondo told Mining Journal.Read More
Cobalt leader talks about new era for project, IdahoSPONSOREDecobalt solutionsMining Journal: Did you learn anything new at Indaba? Andy Leyland: I was actually quite surprised by how far advanced some of the African battery raw material projects are.Read More
Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumCandelas is located among three high-profile neighbours, next to Galaxy Resources' Sal de Vida deposit, within kilometres of FMC spin-out Livent's long-running El Fenix operations and near POSCO's recently completed purchase of Galaxy's northern tenements for US$280 million.With lithium carbonate operating costs pegged a...Read More
Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumAltech is aiming to become one of the world's leading suppliers of HPA and Tan, a lithium trailblazer, foresees a similar trajectory for HPA.Over the past decade, market awareness and the lithium price have increased with lithium-ion batteries becoming commonplace and the shift towards electric vehicles gaining momentum....Read More
By Laura Millan Lombrana(Bloomberg) - Just weeks after the police unit was formed, they caught their first glimpse of the copper thieves - the silhouettes of a group of men on a hill overlooking the rail lines - triggering a car chase at the dead of night across Chile's Atacama desert.While the pursuit ended in failure, with the gang disappearing into the dark at full speed, at least the police ha...Read More
Anglo American Minas Rio mine ore loading at dedicated export terminal port of A??u in Rio de Janeiro state, Brazil. October 2014.A surge in iron ore prices is fueling hopes for bigger returns and a share-buyback spree as the world's top miners prepare to report results.BHP Group, Rio Tinto Group, Glencore Plc and Anglo American Plc are expected to announce bumper profits over the next two weeks....Read More
JAKARTA, Feb 18 (Reuters) -* PT Freeport Indonesia's copper concentrate export permit expired on Feb. 15, and the company has not received export recommendations from the mining ministry that will help it to obtain a new permit, company spokesman Riza Pratama said on Monday in a text message.* The unit of Freeport McMoRan for the time being is shipping part of its production to its smelter in East...Read More