SMB is the DRC's top coltan exporter. (Image courtesy of Soci?(C)t?(C) Mini??re de Bisunzu.) A violent attack to Soci?(C)t?(C) Mini??re de Bisunzu's (SMB) coltan mine in the Democratic Republic of Congo has killed three and injured another three workers, amid an increase of attacks to mining operations in the country's mineral-rich eastern region.It remains unclear what happened at the mine, as...Read More
Whether sellers of shares in iron ore miners have got it right will become clearer in the next few weeks as a silent battle is waged between investors desperate for a better yield on their funds andRead More
The South African Police Service (Pretoria) said the Provincial Organised Crime Unit had arrested the three suspects, aged between 28-38, on Sunday night.Read More
Share this articleTORONTO - Owners of the Porgera gold mine in Papua New Guinea say they will lay off 2,650 local mine workers by the end of July as the result of a continuing dispute with the federal government.Barrick Niugini Ltd., the joint venture mine owner and operator that is owned 47.5 per cent each by Canada's Barrick Gold Corp. and partner Zijin Mining Group of China, says the cost of...Read More
I knew it!I couldn't prove it, but I knew it in my gut.I knew Wall Street banks and traders were using some kind of unfair advantage folks like you and me didn't have. Some strategy or method that helped them rack up win after win, no matter what the markets are doing.While "regular" investors just hope to get lucky once in a while.So, I've spent my 20+ years as a trader, trying to reverse-engin...Read More
Pure Gold Mining's (TSXV: PGM; LSE: PUR) Red Lake mine is expected to pour first gold in the fourth quarter of this year as development progresses ahead of schedule.The company has purchased 95% of the major equipment items for the site and completed 1,285 metres of underground development at an advance rate that is 60% ahead of the mine plan.Pure Gold is focusing on the construction of the main r...Read More
The Northern Miner has compiled a list of the top-10, Canadian headquartered base metal and uranium juniors - with no production and which are not a royalty or streaming company. The ranking is based on market capitalization as of late-June.1. Ivanhoe MinesUS$4.5 billion market capitalizationWorkers at Ivanhoe Mines' Kamoa-Kakula copper project, 25 km west of Kolwezi in the Democratic Republic of...Read More
Alexco Resource (TSX: AXU; NYSE-AM: AXU) has received a draft water licence from the Yukon Water Board for its Keno Hill silver operation, and is moving forward with plans to produce its first concentrate before the end of the year.While the draft amended and renewed water licence does not include the Lucky Queen and Onek deposits, it does include three of four deposits in the mine plan for the p...Read More
Mining the seafloor opens a vast source of key metals needed for clean energy, but should not start until a full evaluation of likely environmental impacts can be made, a report commissioned by the High Level Panel for a Sustainable Ocean Economy (Ocean Panel) says.The group of academics and environmentalists believe an international moratorium on deep-sea mining is urgently needed. Otherwise, the...Read More
Rio Tinto (NYSE: RIO; LSE: RIO) has started exploration at Forum Energy Metals' (TSXV: FMC) Janice Lake sedimentary copper-silver project in northern Saskatchewan.The major is earning up to an 80% interest in the project from Forum Energy Metals, which has optioned the property from Transition Metals.Crews have begun construction of the 50 person camp on the property at Burbidge Lake.Structural, g...Read More
Soar Financial Group's Oreninc Index, which tracks financings of C$100 million and below by companies with market caps of up to $1.Read More
I'm taking the week off. My parents are in town, and I haven't seen them in nearly a year - the longest stretch ever. (Whole lotta "evers" still going around in markets, politics, and life right now.)That also means my kids haven't seen their grandparents in nearly a year. So much is being made up for this week. Monday we took the girls horseback riding. Yesterday my dad and I floated down the...Read More
It is turning out to be a world of waves. On Friday, we have a wave of turnover in the US market when the Russell 1,000 and Russell 2,000 indices rebalance, effectively at the close of trading. In its daily report Tuesday, INK Research highlighted inter-listed Viemed Healthcare (VMD) which is expected to go into the small-cap focused Russell 2000 in the rebalancing. Insiders have been selling in...Read More
The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 1.7 million barrels for the week ended June 19, according to Reuters....Read full newsRead More
Joe Biden could accelerate a new battlefront in the fight against climate change by forcing financial institutions to adopt safeguards that would restrict the fossil fuel industry's access to low-cost capital, pushing producers to keep oil and gas in the ground.Read full newsRead More
Montreal, Qu?(C)bec, Jun 22, 2020 (GLOBE NEWSWIRE via COMTEX) --Montreal, Qu?(C)bec, June 22, 2020 (GLOBE NEWSWIRE) -- Maya Gold & Silver Inc. (Read full newsRead More
Canada's geological terrain and adherence to the rule of law position the country as a go-to destination for companies looking to establish and operate mineral projects.Read full newsRead More
Factors affecting metals markets 1. There will be position squaring and rebuilding before the Federal Reserve chairman's testimony before the US senate on 30th June. Powell will testify on coronavirus response. 2. Quarter end position squaring and rebuilding is still going on. 3. Trader's dilemma is to choose between economic progress or second wave of coronavirus. This has res...Read More
By: Ira EpsteinGold's taking over to a new record high for several years!Read More
The gold belt is known for its rich geological environment.Read full newsRead More