"We are very disheartened by the federal government's decision on the Castle project given the expansion fell well below the threshold to being subject to the IAA," said Mining Association of CanadaRead More
Codan's overall sales surged 29% year-on-year to A$348 million but the small mining-focused tracking solutions business saw a 32% retraction to $7.6 million. The company's net profit after tax was up 40% to $64 million for the year.In 2018, after Codan entered a strategic collaboration agreement with the world's biggest mining machinery maker, Caterpillar, CEO Donald McGurk said the alliance was a...Read More
Miners and explorers were quick to say operations were unaffected and they were closely monitoring the developing situation.Barrick said yesterday its Loulo-Gounkoto complex had not been affected and operations were continuing as normal.It noted it had "an adequate inventory for its foreseeable requirements and management has taken steps to secure its supply lines".Verisk Maplecroft senior Africa...Read More
I'm not sure how a global pandemic became a political issue.I'm not sure how we got to this place where non-mask wearers are being assaulted by the mask police.And I'm not sure how we got to this place where business owners who require customers to wear masks are being assaulted by folks who have equated mask wearing with some kind of violent attack on their constitutional rights. No shoes, no s...Read More
Impact investing has become a strong emergent trend over the last decade. It is a trend, however, that has largely avoided the mining industry, and the mining industry has largely avoided impact investors. Is the mining industry now ready for impact investors and should impact investors invest in the mining industry?Andrew Cheatle on assignment at Troilus Gold's project in Quebec. Credit: Andrew C...Read More
Trilogy Metals (TSX: TMQ; NYSE-AM: TMQ) has announced the results of a feasibility study on its 50%-held Arctic copper-zinc-lead-silver-gold project in northwestern Alaska's Ambler mining district.The study suggests a 10,000-tonne-per-day, 12-year open-pit operation, with a conventional mill and flotation process, producing copper, zinc and lead concentrates.The proposed operation would produce an...Read More
Canada's national association for miners, the Mining Association of Canada (MAC), is weighing in on the federal government's decision to review Teck Resources' (TSX: TECK.B; NYSE: TECK) proposed Castle Mountain metallurgical coal project in B.C., saying the additional review is unnecessary as the project is already undergoing a rigorous provincial environmental review process, and accusing the gov...Read More
Gold miners operating in Mali said they are continuing to operate while monitoring a political crisis that shut the country's borders and hit share prices on Aug. 19.Malian President Ibrahim Boubacar Keita resigned after being detained by a military junta, prompting immediate international criticism, despite the group's pledge to shepherd a democratic transition.The coup capped weeks of protests d...Read More
Rio Tinto (NYSE: RIO; LSE: RIO) has cut its refined copper production target for fiscal 2020 due to delays in restarting a smelter at its Kennecott mine in Utah.The world's second-largest miner expects the facility to be running again in two months, which would result in 30,000 tonnes of lost production.Rio Tinto now expects full-year refined copper production for the group to be 135,000-175,000 t...Read More
Battle North Gold (TSX: BNAU; US-OTC: BNAUF) (previously Rubicon Minerals) is raising $55 million in an upsized bought deal (from $45 million previously) co-led by Cormark Securities and Stifel GMP for exploration and development work at the Bateman gold project in the Red Lake district of Ontario.In addition, the proceeds may be used for working capital and repayment of the company's $14.2-millio...Read More
Chile's SQM (NYSE: SQM), the world's second-largest lithium producer, achieved record second-quarter output levels and saw sales volumes soar on renewed optimism about long-term demand for the metal used to power electric vehicle batteries and high-tech devices.The company said it's producing at record levels of 70,000 tonnes for the year, which has allowed it to build higher levels of inventory a...Read More
Most people know Nexus Gold (TSXV: NXS; US-OTC: NXXGF) from its portfolio of five gold projects in Burkina Faso, in particular its flagship near-surface Bouboulou orogenic gold deposit.But security risks in West Africa in recent years, including an attack last year on Semafo's Boungou mine in southeastern Burkina Faso that left 39 people dead and wounded 60 others, underscored the importance of...Read More
Warren Buffett's big move into gold certainly sent shockwaves across the sector.Rightfully so, not only because the roughly half-billion-dollar deal came alongside Berkshire Hathaway dumping bank stocks, but because of Buffett's well-documented disdain for gold as an investment.I can't blame him for wanting exposure to a major gold miner like Barrick Gold though. Money is money, and while gold mig...Read More
ASX-listed NRW Holdings (NWH), among the world's biggest contract mining and engineering groups, says it has at least A$2 billion of work on order to underwrite another year of growth in FY2021.Read More
Kirkland Lake Gold (TSX:KL, NYSE:KL) and Newmont (TSX: NGT; NYSE: NEM) have signed a strategic alliance agreement to collaborate on exploration and development work in Northern Ontario.Under the terms of the multimillion-dollar deal, announced on Aug. 17, Toronto-based Kirkland Lake and the world's leading gold company are pledging to focus on the companies' various properties located near Timmins...Read More
Tony Greer made a special appearance in the Real Vision Daily Briefing Tuesday, and as usual he delivers great tactical insight. Like INK, he believes we are in an inflation-driven market. If you have not watched the Daily Briefing for August 18th, it is well worth the 25 minutes.Looking to buy inflation-oriented assets on pullbacksIn the interview with Ash Bennington, Tony suggested that bond yi...Read More
According to the South Korean media, SK Innovation intends to further gradually maximize the nickel content in its next-generation lithium-ion batteries.Read full newsRead More
IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to announce that it has closed the previously announced US$6 million private placement of an unsecured convertible debenture (the "Debenture") with Queen's Road Capital Investment Ltd. ("QRC") (TSXV: QRC).Craig Parry, IsoEnergy's Chief Executive Officer, commented: "It is with great pleasure that we welcome Queen's Road Capital as a stra...Read More
Vancouver, BC - Ovation Science Inc. (CSE:OVAT) ("Ovation" or the "Company"), announces that it has expanded its production of its DermSafe (R) Hand Sanitizer Lotion by completing the manufacturing of its first order in Canada at a contract manufacturer in Ontario that follows strict cGMP guidelines set by Health Canada.Additionally, the Company is pleased to announce that it is now working with...Read More
Warren Buffett's Berkshire Hathaway bought a stake in Barrick Gold in the second quarter, a Friday filing showed. Barrick Gold surged as much as...Read full newsRead More