The availability of risk capital for miners is biased towards those with concrete plans for achieving net-zero emissions targets by 2030, says Keith Russell, global director for energy transition, purpose and performance with Partners in Performance.Russell emphasizes the need for decarbonization strategies to become mainstream and incorporated into the industry's routine management, operating and...Read More
Copper is known by several monikers: The red metal for its colour; Dr. Copper because its price is a reliable economic indicator; and now, the "green metal" for its central importance in electrification. Below we highlight the top five copper drill results of the year so far (to Aug. 17), ranked by grade x width, as identified by data provider Mining Intelligence. Best copper drill results year...Read More
McEwen Copper, a subsidiary of McEwen Mining (NYSE: MUX; TSX: MUX), has closed the third and final tranche of its previously announced private placement of common shares priced at US$10 each.This financing tranche comprised a US$25 million investment by Rio Tinto's (NYSE: RIO; LSE: RIO; ASX: RIO) copper leaching technology venture, Nuton, and US$1.9 million from other investors. This brings the...Read More
Marathon Gold (TSX: MOZ) is moving ahead with its proposed Valentine open-pit gold mine in central Newfoundland after the company's board approved construction."The company's decision to proceed with construction of the Valentine Gold project considers the impact of almost two years of market inflation on the project's costs, as well as a necessarily cautious approach to project management, contin...Read More
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has reached an in-principle deal with Turquoise Hill (TSX: TQR) to buy the 49% of the Canadian miner it doesn't already own for US$3.3 billion.The move would grant the global miner direct ownership of the giant Oyu Tolgoi copper-gold mine in Mongolia, located 550 km south of the capital Ulaanbaatar. It also brings the six-month takeover battle to an end,...Read More
An international team of researchers has pinpointed a dramatic shift in the composition of rocks making up earth's continents that was driven by the primitive vegetation trapping mud on land, stopping it from washing down rivers and out into the sea.The discovery was made by linking the fossil record of plants with archives of environmental change, and with records of the chemical composition of t...Read More
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Share this articleVANCOUVER - Orea Mining Corp. [OREA-TSX, OREAF-OTCQX, 3CG-FRA] shares rose sharply Wednesday after the company said it has secured a 100% interest in the Montagne d'Or gold deposit in French Guiana by acquiring the 55.01% interest held by United Kingdom-based Nord Gold SE [NORD-LSE].Montagne d'Or is a permitting-stage open pit gold mining project that hosts proven reserves of 8...Read More
Share this article VANCOUVER - Brixton Metals Corp. [BBB-TSXV; BBBXF-OTCQB] reported further drill results from its 2022 drill program at the wholly owned Thorn project, located in the Golden Triangle trend of northwestern British Columbia. The project is located within the Taku River Tlingit's and Tahltan First Nation's traditional territory.Further drilling at the Trapper Target has yielded num...Read More
By show of hands, are you 100% sure you're living in the real world? I'm sure most of you would answer a resounding "yes" if asked that question directly. That's fair. But I have one simple follow-up request: Prove it. I'll bet you can't. It's a mind-bending concept, but there is no way to prove that you're not in an extremely elaborate simulation. It's hardly an original thought. Ph...Read More
The Toronto-quoted equity of Patriot Battery Metals (TSXV: PMET; OTCQB: PMETF) jumped to a fresh 12-month high on Aug. 31 following the release of the company's best lithium drill intercept to date on its Quebec-based Corvette property.The Vancouver-domiciled company released the results of six holes as part of the summer phase of the 2022 drill program on the prospective wholly owned property in...Read More
U.S. carmaker Ford Motor Co. (NYSE: F) is asking the Biden administration to speed up the permitting process for mining projects, particularly those targeting critical metals such as lithium, cobalt, nickel and graphite.In a letter to the Department of the Interior on Tuesday, the auto maker said the current "lengthy, costly and inefficient permitting process" makes it difficult for American busin...Read More
Ultramafic rocks mineralized with nickel, copper and platinum group elements that were discovered at surface and drilled in the mid-2000s are now getting a more fulsome examination in a 20,000-metre drill program by Quebec Nickel (CSE: QNI; US-OTC: QNICF). New assay results from the Fortin Sill Zone at the junior's 100%-owned Ducros project in Quebec, 80 km northeast of Val-d'Or, returned 35.6 m...Read More
As industries and nations fret about getting the raw materials needed to power the energy transition, coal is also seeing a stunning rise. In September 2021, the price of ICE Newcastle coal was around US$120 per tonne. In March, after Russia's invasion of Ukraine it spiked to nearly US$380 per tonne. At press time at the end of August - shortly after a European Union embargo against Russian coal c...Read More
The beaten-down junior mining complex currently sits at an attractive investment entry point as the sector continues to trade lower relative to gold and other equities, Haywood Capital Markets analysts conclude in their third Junior Exploration Report for 2022.Haywood's analysts argue that with the GDXJ trading down about 21% in the year to date, as of Aug. 25, and several high-quality juniors are...Read More
Chile's President Gabriel Boric said late on Tuesday he is open to discuss changes in the country's tax law that would affect the mining sector as lawmakers are scheduled to vote on the proposed reform on Sept. 13.Speaking at a gala organized by the national mining association Sonami, Boric said the industry had been historically unwilling to reach agreements with the government in terms of sharin...Read More
Latin America-focused Nexa Resources (NYSE: NEXA) has halted its Atacocha San Gerardo open pit zinc mine in Peru due to a road blockade by a local community.The zinc producer, controlled by Brazilian holding company Votorantim SA, called the disruption "illegal" and said that activities are limited to critical operations with a minimum workforce to ensure proper maintenance.A March road blockade...Read More
Investors put a lot of effort into their work. Of course, the work isn't back-breaking manual labor. But it is very time-consuming. It's not uncommon for investors to be poring over earnings reports and reading company news at all hours of the night.Yet the rewards for the effort are there. You put in the time to make the best investment decisions based on the information you have and, when you've...Read More