The global markets will need four times the nickel and double the copper in the next 30 years to facilitate a decarbonised world, a BHP Group executive said on Wednesday.Read full newsRead More
Spot gold rose to US$1,867 an ounce while silver was up slightly and back above $25/oz.Cash copper lost 1.6% on the London Metal Exchange to $9,421.40/t."Buy the dip," US investment bank Jefferies said yesterday.The bank is resolutely bullish on the red metal despite demand concerns."We forecast a balanced copper market in 2022 followed by growing deficits starting in 2023," analyst Christopher La...Read More
"There are some uncertainties on the demand side for copper," said Xu Yulong, deputy general manager of state-owned China Copper International Trading Group, on a panel discussion."People think consumption from Western countries may pick up and some of the export orders will return back to the local market. But we still have problems in real estate demand. This is really a big concern… if w...Read More
"We've all been moved by incredible acts of kindness and generosity as residents of Wheatley support their friends and neighbours," said Doug Ford, Premier of Ontario. "I want Wheatley's residents to know that they can count on our government's support too. We will keep going until we've determined the cause of the gas leak, and in the meantime, we are providing this additional funding to help all...Read More
Share this article VANCOUVER - Teck Resources Ltd. (TECK.B-TSX, TECK.A-TSX, TECK-NYSE) said its logistics chain between west coast terminals and operations in British Columbia has been temporarily disrupted due to heavy rain, flooding and mudslides.The Vancouver-based mining giant said it has implemented measures to mitigate the effect of the disruption, diverting some trains to Ridley Terminals...Read More
Everyone is fixated on China these days. And it's not hyperbole to suggest that under President Xi's guidance, the Middle Kingdom has become a larger threat to the United States than Russia. It's truly a villainous mantle that the media have placed on China lately, and in many regards, they're not wrong.Nowhere is this bitter competition between global powers more jarring than the race for bet...Read More
Swiss commodity giant Glencore (LSE: GLEN) is selling its stake in the Ernest Henry copper-gold mine in Queensland, Australia to Evolution Mining (ASX: EVN) for A$1 billion ($916.5 million) in cash.Evolution will pay Glencore A$800 million ($733 million) upfront and the remaining A$200 million after 12 months. The companies believe the transaction will close in early January 2022.Under the terms o...Read More
Australia-based Newcrest Mining (ASX: NCM; TSX: NCM; PNGX: NCM) is building critical mass in Canada with the second significant acquisition announced as the mining major sets its sights on organic and mergers and acquisitions-based growth in the Americas, managing director and CEO Sandeep Biswas tells The Northern Miner.In 2019, Newcrest took a 70% interest in Imperial Metals' (TSX: III) Red Chris...Read More
Wolfden Resources (TSXV:WLF) has released new resource numbers for its Pickett Mountain base metal project in Penobscot Cty., Maine. Both indicated and inferred resources have been significantly increased by 22% and 57%, respectively, from a previous estimate completed in 2020.The indicated resource is now 2.7 million tonnes averaging 8.91% zinc, 3.83% lead, 1.22% copper, 97.2 grams silver per t...Read More
Zijin Mining, China's No.1 gold producer, is fine-tuning plans to boost the capacity of its Buritica gold mine in Antioquia, Colombia, to produce copper and zinc as well as gold and silver.Speaking at the CGS2021 conference in Medellin, the CEO of the local subsidiary, James Wang, said the goal was to rise throughout to 4,000 tonnes per day from the current 3,000-3,300 tonnes per day and add a flo...Read More
Canada's largest diversified miner Teck Resources (TSX: TECK.A; TSX: TECK.B; NYSE: TECK), says the unprecedented rain and flooding in British Columbia has disrupted the supply chain between west coast terminals and its BC-based operations.Two days of torrential rain across BC caused significant flooding and mudslides. They shut rail routes operated by Canadian Pacific Rail (TSX: CP) and Canadian N...Read More
Sarama Resources Ltd. (Read full newsRead More
Gold Mountain Mining Corp. is pleased to announce assay results fRead full newsRead More
Some Chinese regions could face tight gas supplies during peak demand periods this winter, with overall supply and demand finely balanced, but coal supply will be assured, the state planner said on Tuesday.Read full newsRead More
For more information visit: www.Gold-Mountain.ca.Read More
Slumping coal prices and falling Chinese developers dampened sentiment, Marex's Anna Stablum said from the LME Desk (Singapore)."Chinese equity indices traded in negative terrain, despite better-than-expected retail sales and industrial production data," she said.Nickel closed down 1.8% and cash copper lost 1.38%.US president Joe Biden has just signed the big-spending Bipartisan Infrastructure Dea...Read More
Evolution successfully raised A$22 million at 20c via an oversubscribed initial public offer, and the shares opened up almost 200% at 58.5c, peaking at 70c.Read More
PYX, already listed on Australia's NSX, began trading on the LSE on Monday.Read More
Share this article VANCOUVER - Evergold Corp. [EVER-TSXV; EVGUF-OTC] has released by far the highest grades of gold, silver, zinc and lead ever achieved in drilling at the GL1 Main target, located on the 100%-owned Golden Lion property in the Toodoggone epithermal district, northern British Columbia.Assay results for drill section 23-24-25, encompassing the final three holes of the program, defin...Read More