Vale (NYSE: VALE) is preparing to potentially shut down its nickel and cobalt operations on the Pacific island of New Caledonia, after failing to reach a sales agreement on the assets with Australia's New Century Resources (ASX: NCZ).The Melbourne-based zinc producer first announced in May its intention to acquire a 95% stake in Vale Nouvelle Cal?(C)donie (VNC), the operator of the troubled Goro n...Read More
This week's episode features new Northern Miner contributor Dr. Chris Hinde, mining engineer and director of Pick and Pen Ltd., a U.K.-based consulting firm he set up in 2018 specializing in mining industry trends. Chris discusses the big issues he sees in the mining industry, including mining's branding problem, ESG and the obsession with gold. He also discusses his previous work with S&P Global...Read More
The five-year contract extends the relationship between the two companies to at least 20 years, with Barminco having worked at Western Areas' Forrestania mine since 2005.Read More
Tech stocks are taking a blow and it is raising questions about the role they can play moving forward.The inflow of money into big tech hardly needs mentioning, I'm sure. The thing is, they hardly needed more of a boost.The top five U.S. companies - pull out Netflix, put in Microsoft - made up 18% of the market capitalization of the entire S&P 500. That had never happened before for any top five c...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, as US markets corrected, the Index finally followed its recently weakening RSI momentum indicator. The INK CIN tumbled 31.71 points or 3% to 1039.80.MACD sunk 3.93 points to -7.95. RSI fell 18.03 points to 45.63.Support is now at 1040.77 (lower Bollinger) and 1022.49 (20-day mo...Read More
Sep 04, 2020 (The Expresswire) --Global "Gold Market" research report presents a detailed analysis of the industry by size, growth rate, top key players,...Read full newsRead More
Jake Klein, executive chair of Evolution Mining says increased geopolitical tensions and unprecedented global stimulus has created a perfect environment for higher gold prices.Read full newsRead More
VANCOUVER, BC, Sept. 3, 2020 /CNW/ - First Energy Metals Ltd. (CSE: FE) ('First Energy' or the 'Company) is pleased to announce assay results of s...Read full newsRead More
The Global Mining Symposium's final panel brought together experts from across the industry to discuss the merits and shortcomings of feasibility studies and how they can be improved to add value.Moderated by Mark Nopp?(C), managing director and corporate consultant in geology at SRK Consulting, the panel featured Jo-Anne Dudley, chief executive of Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ), C...Read More
A key theme of the Global Mining Symposium is the need to advance new technologies to make mining safer, as well as more efficient and productive, which is why Northern Miner senior reporter Carl A. Williams spoke to Michelle Ash, chief executive of GEOVIA-Dassault Syst??mes, from her home in Melbourne, Australia. Dassault Syst??mes is a software company and GEOVIA is a division that is specific...Read More
US markets had closed lower on Friday as tech stocks continued to slide.In the UK, the British government is reportedly planning legislation to override key parts of the Brexit withdrawal agreement, ahead of an October 15 deadline to strike a free-trade agreement with the European Union.The gold price was up slightly on the spot market to about US$1,938 an ounce at the time of writing.Copper had g...Read More
Are you worried about the looming recession and the resulting stock market crash? There are many indicators that the economy could fall into recession once the government eases its fiscal support. Whenever there is uncertainty in the modern financial system and the value of the currency, investors flock to gold as a safe haven. When the dollar depreciates, physical gold appreciates. Now, the quest...Read More
The most remarkable Warren Buffett move this year, I believe, is his decision to initiate a stake in premier gold miner Barrick Gold (TSX:ABX)(NYSE:GOLD), going against the man’s previous words of wisdom. Indeed, his decision to go for gold is a sign of the times.We’re in a rock-bottom interest rate environment, with a growing threat of inflation given the unprecedented amount of monet...Read More
The South Africa-focused company, saw its PGM basket price rise by 58% year-on-year to US$2,015/oz in FY2020, driven mainly by higher rhodium and palladium prices.Read More
Timothy Ray Sewell is no stranger to pandemics. In the early 2000s, he developed emergency management plans in Indonesia and Borneo for BHP Billiton during the H1N1 influenza pandemic and the H5N1 avian influenza. Years later, Sewell was working for BHP in West Africa and Sundance Resources in central Africa as the first sporadic cases of Ebola emerged on the continent.Now the senior director of h...Read More
More than 1,800 people from over 80 countries tuned in to The Northern Miner's first Global Mining Symposium last week. The three-day virtual event built on the success of our Canadian Mining Symposium conferences, now in their fourth year, and featured interviews and panel discussions with mining executives, fund managers and technical experts from around the world.In the first panel discussion,...Read More
A new set of guidelines has been released called the Global Industry Standard on Tailings Management to help strengthen mining practices, with the goal of zero harm to people and the environment.Prepared by the United Nations Environment Program, Principles for Responsible Investment (PRI) and the International Council on Metals and Mining (ICMM), the standard is a direct response to a series of l...Read More
VANCOUVER, BC, Sept. 3, 2020 /CNW/ - First Energy Metals Ltd.Read full newsRead More
It’s bargain hunting time, as the stock market wobbles. While it’s not exactly a market crash, the fear of the next big correction is always there beneath the surface. With the TSX Composite Index down 1.5% Thursday, it seems as good a time as any to scour the bargain bins.With losses on the stock market, there come great opportunities. Today, we will review four great stocks that are...Read More
The Dow Jones Industrial Average fell 1.82% to 28,133.21 and the S&P 500 dropped 2.31% to 3,426.96 during the Aug. 31-Sept. 4 trading week. Spot gold lost 1.50%, or US$29.50 per oz., and finished the week at US$1,934.80 per ounce.Sibanye-Stillwater climbed US78 ? to US$13.19. The company reported that higher precious metal prices during the first half of 2020 underpinned its adjusted earnings befo...Read More