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
Despite an increasing focus on ESG, mining companies are failing to consider the disproportionate effects of mining on women and girls, says a report released today by independent research organization the Responsible Mining Foundation.While miners are starting to look seriously at increasing the proportion of women at the board and senior management level, most companies aren't even attempting to...Read More
If passed, the legislation will create a new chief permitting officer position, distinct from the chief inspector of mines.The chief permitting officer will ensure the mine permitting process is efficient and effective. The chief inspector will retain responsibility for health, safety and enforcement.Prior to the amendments the chief inspector of mines was responsible for both permitting decisions...Read More
I first started Junior Mining Monthly in 2016. I speculated that everything that is going on now - debt bubbles, central bank asset bubbles, unsustainable spending, geopolitical turmoil, etc - would start percolating then.I negotiated with several publishers but knew I had a home at Outsider Club from the second I met founder Nick Hodge and the group he had put together.Immediately after meeting,...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index made a nice hop higher, hurtling as high as 967.52 intraday, before closing with a gain of 1.6%, or 15.24 points, at 945.55.MACD fell over 5 points to -4.82. RSI edged up 2.69 to 57.31.Support is at 890 (50-day moving average) and 932.57 (middle Bollinger band). Resis...Read More
And they're all under $50.Read full newsRead More
The renewed strength of the "physical market" for crude driving a surge in world of oil contracts.Read full newsRead More
NEW YORK, June 18, 2020 /PRNewswire via COMTEX/ --NEW YORK, June 18, 2020 /PRNewswire/ -- The value of gold is problematic to forecast, as it contingent on...Read full newsRead More