Investors are back to square one when it comes to looking for yield as the Federal Reserve, in some cases with the backing of the Treasury, works to keep Treasury and corporate bond yields low. There are some big consequences of the easy money policy for many asset classes including stocks, foreign exchange, and cryptocurrencies.Will the hunt for yield lead to Bitcoin and Ethereum?One impact whic...Read More
BEIRUT, LEBANON (6:15 P.M.) - The Tripoli-based Government of National Accord (GNA) announced its rejection of Egyptian President Abdel Fattah El-Sisi'sRead full newsRead More
TORONTO, June 18, 2020 /CNW/ - Orion Mine Finance announced today an update in respect of its beneficial ownership of common shares of Lundin Gold...Read full newsRead More
Vale said on Friday its subsidiary Vale Canada (VCL) and Sumitomo Metal Mining had signed definitive agreements to sell 14.9% and 5.1% respectively in PT Vale Indonesia to Inalum.Read More
It’s entirely possible that we might be entering a period of hyperinflation. This is a time of unprecedented money printing by practically every central bank of the planet. Although this printing has been done with the expressed purpose of staving off a severe recession, the fact remains that more debt has been issued and more money created than at any other time in history.Central banks are...Read More
Barrick Gold (TSX:ABX) stock has been leading the gold miners’ rally for the last few months. However, the stock has recently fallen almost 20% from its April highs. So, what should investors do amid the recent fall while the outlook for the yellow metal remains rosy?Barrick Gold: What should investors do?Barrick Gold has managed to double its net income in the last 12 months. And it’s...Read More
Sandvik DR410i drill Credit: Sandvik Sandvik Mining and Rock Technology has introduced the Sandvik DR410i rotary blasthole drill, which features high productivity with a compact footprint.The DR410i can complete 152 mm to 251 mm rotary and DTH (down-the-hole) holes, with a standard mast and offers a first pass capability of 10 metres with a maximum hole depth of 46.6 metres. The extended mast op...Read More
Newmont Lake project site. Image by Crystal Lake Mining via Instagram. Last year's maiden diamond drill program at the Burgundy Ridge area within Crystal Lake Mining's 551-sq.-km Newmont Lake property in British Columbia's Golden Triangle returned broad copper-gold-zinc-silver intercepts as well as high-grade gold mineralization. Based on the drill results, the company sees potential for alkali...Read More
The Wasamac property, pictured, includes three mining concessions and 30 mining claims covering a total area of 17.39 sqkm. Image source: Monarch Gold Monarch Gold has selected Ausenco Engineering to complete an upgrading study on Glencore's Kidd concentrator, which would potentially be used to upgrade ore mined at the company's Wasamac project in Quebec.In May, Monarch entered into a memorand...Read More
Image courtesy of Rosemont Copper. Hudbay Minerals (TSX, NYSE: HBM) has filed its initial brief with the US Court of Appeals regarding the decision made by the US District Court for the District of Arizona almost a year ago to deny the company from proceeding with construction at its Rosemont project.In July 2019, the District Court revoked the US Forest Service's issuance of the final record of...Read More
(Image courtesy of BHP.) BHP, the world's no. 1 miner, in a move to make progress in reducing and recycling waste, has launched The Tailings Challenge - a new initiative that seeks solutions for repurposing copper tailings.The challenge is aimed at innovative companies, startups, consortia, research centers and universities worldwide. These institutions are expected to develop new technological s...Read More
About 21,000 tonnes of diesel leaked into rivers and subsoil near the city of Norilsk on May 29 after a fuel tank at one of the company's thermal power plants apparently subsided. The spill was one of the worst to occur in the Russian Arctic.Russia's minister of emergency control, Evgeny Zinichev, said a total of 32,000 cubic metres of water-fuel mixture had been collected and placed in tanks, whi...Read More
Steve Coughlan, Bernie Ridgeway and Kent Swick have built global mining service and technology businesses on the back of decades-long connections with the WA gold sector.Read More
The miner and commodities trader said on Friday it had been informed of the OAG's action.Read More
News station KFOR in Oklahoma has reported that four Oklahoma dispensaries are being forced from their locations by convenience store chain 7-Eleven after the company bought buildings rented by the dispensary owners and have declined to renew their leases.Starla Norwood, a registered nurse that runs one of those dispensaries called Nurses Station dispensary, said that 7-11 essentially told her tha...Read More
The dollar bears and gold bugs are pouring a tall glass of "I told you so" right now.Because the U.S. dollar is in big trouble.The fact is, there have been big problems with the greenback for years. And the economic fallout from the COVID-19 pandemic might be the last straw.On Friday Boston Fed President Eric Rosengren said continued fiscal and monetary support will likely be needed to address the...Read More
ArcelorMittal (NYSE: MT), the world's biggest steelmaker, is evaluating the potential sale of its infrastructure assets in Canada, where it has the largest and most profitable iron ore operation, as it seeks to cut debt by divesting non-core businesses.The facilities the company may put on the chopping block include a 420-km-long railway servicing the 24 million tonnes-per-year Mont-Wright iron or...Read More
Gold X Mining (TSXV: GLDX) announced today that Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) founder Robert Friedland has joined the company's board as non-executive chairman.Current chairman and chief executive officer Paul Matysek will remain on the board and continue to serve as CEO."Paul and I had the pleasure to work together very successfully at Potash One, where I was the chairman, and which we...Read More
Last year's maiden diamond drill program at the Burgundy Ridge area within Crystal Lake Mining's (TSXV: CLM; US-OTC: SIOCF) 551-sq.-km Newmont Lake property in the Golden Triangle returned broad copper-gold-zinc-silver intercepts as well as high-grade gold mineralization. Based on the drill results, the company sees potential for alkalic porphyry hypogene mineralization underneath Burgundy Ridge.T...Read More
Mining and commodities trader Glencore (LSE: GLEN) is facing a criminal investigation in its home country for failing to have organizational measures in place to prevent alleged corruption in the Democratic Republic of Congo (DRC).The probe by the Swiss Attorney General, announced after market close on June 19, adds to the list of multiple, but separate alleged corruption and bribery investigation...Read More