America's worst nuclear accident on record occurred at 4:00 a.m. on March 28, 1979. Deep within the labyrinth of piping and control mechanisms, a single malfunctioning valve failed to close - without notifying the control room. Thinking everything was fine, operators carried on as usual. By the time shrieking alarm bells warned of rising core temperatures, it was already too late. The reactor s...Read More
Trevali Mining (TSX: TV; US-OTC: TREVF) has said that it is yet to locate or communicate with the eight underground miners who went missing on Apr. 16 at its Perkoa zinc mine in Burkina Faso after flooding caused by heavy rainfall disrupted operations, the company said. The Burkina Faso government is conducting an investigation into the flooding event, Trevali's director of investor relations,...Read More
A renewed focus on creating meaningful partnerships between miners, host communities and governments is quintessential to unlocking economic prosperity for African stakeholders, Barrick Gold (TSX: ABX; NYSE: GOLD) CEO Mark Bristow told the Investing in Africa Mining Indaba on May 9.The chief executive of the world's second-largest gold producer by volume calls it "partnerships for prosperity," whi...Read More
The Dow Jones Industrial Average fell 162.13 points or 0.49% to 32,899.37 and the S&P 500 fell 32.04 points or 0.77% over the week to 4,123.34. Shares of Cameco fell 1.97% to US$23.84 as the company failed to attract additional long-term uranium contracts during the first quarter of this year, beyond the 40 million lb. announced in mid-February. The company said that it had a "significant pipelin...Read More
Over the May 2-6 trading period, the S&P/TSX Composite Index inched 58.94 points or 0.28% lower, to 20,633.28. The S&P/TSX Global Mining Index lost2.83 points or 2.52% to 112.16 and the S&P/TSX Global Base Metals Index fell 8.22 points or 4.37% to 188.01. The S&P/TSX Global Gold Index fell by 0.91 points or 0.28% to 323.52 and spot gold ended the week US$12.65 per oz. higher, or 0.67%, at US$1882....Read More
The S&P/TSX Venture Composite Index retreated by 44.46 points or 5.5% over the May 2-6 trading session to end at 769.97. Vancouver-based Chesapeake Gold rose 17 ? to close the week at $3.02, or 6% higher. The junior released infill drilling results from its Metates gold-silver project in Mexico's Durango state that returned 22% average higher grades within intrusive-hosted mineralization than pre...Read More
Imperial Metals (TSX: III) is aiming to reopen its Mount Polley copper-gold mine in British Columbia, Canada, before the end of June, buoyed by high prices for the metal and a looming deficit.Work to reopen the mine began late last year, with hundreds of former and new employees focused on removing water from the pit, pre-stripping waste rock to expose ore bodies and preparing the processing mill...Read More
The board of First Quantum Minerals (TSX: FM) has resolved to proceed with a US$1.3 billion expansion of the company's cornerstone Kansanshi copper mine in Zambia, including the Enterprise nickel project.Called the S3 Expansion, the project is expected to transition the mine from its current selective high-grade, medium-scale operation to a medium-grade, larger-scale mine able to deal with a highe...Read More
Increasingly, financial regulators and investors are focused on ensuring that mining companies are prepared for the risks and opportunities of climate change.However, the consequences of climate change for the mining industry "are informed by a complex and evolving dynamic, which presents both threats to the way the industry operates and significant business opportunities as the world pushes towar...Read More
Share this articleVANCOUVER - Orla Mining Ltd. [OLA-TSX] has announced Phase one metallurgical test results at its Camino Rojo sulphide deposit in Zacatecas, Mexico with findings that support the potential for a standalone processing option.Camino Rojo consists of a near-surface oxide gold-silver deposit with a large deeper gold-silver-zinc-lead- sulphide zone.Camino Rojo reached the commercial pr...Read More
We spoke with Don Mosher, President and Director of Desert Mountain Energy Corp. (TSX.V: DME, U.S. OTC: DMEHF, Frankfurt: QM01), a forward-looking Vancouver-based resource company, actively engaged in the exploration and development of the world's potentially highest-grade Helium and Noble Gas properties, in Northeastern Arizona. Currently, the Company is focused on its Tier 1 Holbrook Basin Heliu...Read More
Dear Outsider,An interesting trade came across my desk yesterday.My colleague showed me how he's profiting from all the volatility going on this week.I'll share that with you if you stick with me.And I'll spare you too much of the Fed talk since you're probably getting it from every angle of Google's algorithm right now.But it's important to remember a few key points about the implications of rate...Read More
Vale would supply the nickel to Tesla's manufacturing facilities in the US. It did not give a financial value to the deal.Read More
Share this articleVANCOUVER - Green Battery Minerals Inc. [GEM-TSXV; GBMIF-OTCQB; BK2P-FSE] reported initial assay results from 12 diamond drill holes completed as part of the company's successful first phase of drilling on the newly discovered zone 6 area at the 100%-owned Berkwood graphite project, situated 280 km north of Baie-Comeau, Quebec. The program drilled into the outcrops and proved up...Read More
Share this articleDEASE LAKE - For over 30 years, the Tahltan Nation Development Corporation (TNDC) has played an instrumental role in developing Northwest British Columbia, including the mining and exploration sector in BC's Golden Triangle.Last night, TNDC was selected Top Indigenous Business of the Year for Northern BC at the 5th Annual Arctic Indigenous Investment Conference in Whitehorse...Read More
The internet as we know it is all but dead - and thank the stars for that. Because we need major changes.At its inception, the current format for our internet, called Web 2.0, was an incredible leap from the original Web 1.0. Sites and apps became readily available. There was a great proliferation of new platforms and networks thanks to early Web 2.0. These new platforms and networks allowed us...Read More
Rejoice, in-person events are suddenly back, with Mines and Money, Indaba, PDAC and, of course, the Venice Biennale crowding our calendars. I expect most of you have already made plans to attend the glittering jewel that sits atop the contemporary art calendar every two years. La Biennale di Venezia was founded in 1893 by the Venetian City Council to celebrate the silver anniversary of King Umb...Read More
Shares of Green Battery Minerals (TSXV: GEM) rose to their highest price since mid-January as the company reported its initial assay results from 12 diamond drill holes completed in Zone 6 of its Berkwood graphite project in Quebec. Highlights from the drilling included 29.5 metres grading 27.39% graphite sampled from 28 metres in drill hole BK6-21-01 and 8.2 metres grading 15.51% graphite samp...Read More
Vale (NYSE: VALE), the world's top nickel and iron ore producer, has inked a long-term deal with Tesla (NASDAQ: TSLA) that will see the Brazilian miner supplying the with electric vehicles (EVs) icon with nickel mined in Canada.Confirming markets rumours, the miner said the supply contract fit in its plans to deliver 30% to 40% of Class 1 nickel sales into the fast-growing EV industry.The Rio d...Read More
McEwen Mining (TSX: MUX; NYSE: MUX) surprised markets on Friday by announcing that two of its top suite executives were leaving the company for personal reasons.Chief financial officer Anna Ladd-Kruger will retire to focus on her health and family, the company said. She will depart after reporting is complete and an "orderly transition" is in place.Perry Y. Ing, former McEwen CFO who had the same...Read More