The past month has been a good one for the G-economy scenario which we characterize as an environment dominated by government-led inflation. However, it is probably too soon to rule out deflation as a potential force that could lead us to a D-economy which is dominated by falling prices as a result of record debt overhang. Today on INK Ultra Money, we hear from former Morgan Stanley market analys...Read More
Since late May, Russian officials have been working to contain the spill of 21,000 cubic meters of diesel at Nornickel's facility in Norilsk.Read full newsRead More
Vale said it is keeping its monthly production forecast at Itabira at 2.7 million tonnesRead full newsRead More
The nation is working with other G20 members to carry out the G20 debt relief initiative for low-income countries.Read full newsRead More
Looking to add a golden glow to your portfolio? There's more than one way to go.Read full newsRead More
Gold and gold miner stocks have been notably strong this year amid the pandemic. Gold miner stocks are up almost 25%, while the TSX Index has lost more than 8% so far this year. The yellow metal prices have been rallying for the last few months, which has prominently driven these stocks higher.Top TSX stock: Kirkland Lake GoldKirkland Lake Gold (TSX:KL)(NYSE:KL), an $11 billion senior gold produce...Read More
Dixie Lake drilling in Ontario's Red Lake District - Image courtesy of Great Bear Resources. Drilling along the LP fault at Great Bear Resources' wholly-owned Dixie gold project in Red Lake Ontario continues to return long intervals of high-grade gold mineralization.The most recent release includes the results of hole BR-133, which intersected 25.2 metres of 15.5 g/t gold, and includes a higher...Read More
Hammerdown project Credit: Maritime Maritime Resources has started an initial 10,000-metre diamond drill program at its 98-sq.-km Hammerdown gold project in Canada's Newfoundland and Labrador province. The program will focus on testing prospective areas for new gold discoveries, growing the existing resource inventory and optimizing the mine plan outlined in a preliminary economic assessment (P...Read More
Mikko Tepponen Credit: FLSmidth Mikko Tepponen is now FLSmidth's new chief digital officer (CDO) and will focus on accelerating the digital transformation of the business and its portfolio of digital offerings to optimize operations for customers in the mining industry.Tepponen has prior experience with transformation journeys for other industries and a track record of employing digital solutio...Read More
Metso My Plant Planner Credit: Metso. Metso has introduced a three-dimensional crushing and screening plant configurator for the mining and aggregate industries, which allows users to design more productive and efficient plants through real-time insights. The design and simulation tool, called My Plant Planner, is available on Metso's website and is free to use."We are really excited about My Pl...Read More
Ore-loaded train taken from Itabira Minas Gerais, Brazil. Stock image. Chinese iron ore futures surged on Monday, marking the biggest intraday percentage gain since July 2019, as supply concerns deepened after the country's second-biggest iron ore supplier Brazil shut down Vale's Itabira complex due to coronavirus concerns.A Brazilian judge ordered the closure of the Concei????o, Cau?? and Periqu...Read More
The S&P 500 closed up 2.62% on Friday, the FTSE 100 rose 2.25% and Germany's DAX gained 3.36%.Read More
The company has been providing opencut mining services at Byerwen, a joint venture between Qcoal Group and JFE Steel, since the mine opened in November 2017.The new contract expands production to 10 million tonnes of hard coking coal per annum from 6Mtpa from now until November 1, 2023.There is also an option to extend the contract for a further two years after this period, which, if exercised, co...Read More
The news was bullish for iron ore, Jefferies analyst Christopher LaFemina said in a note on Sunday, adding 188 Itabira workers had tested positive for the virus despite Vale taking measures to prevent the spread.The company maintained its revised 2020 iron ore fines production guidance of 310-330 million tonnes, as it had already provisioned up to 15Mt of losses associated with COVID-19.However it...Read More
We learned from Dr. Chris Burns, COO of NOVONIX Group (ASX:NVX), that they are focused on battery materials development and advanced R&D and testing solutions for lithium ion batteries, particularly in the energy storage sector that requires advanced materials, with extremely long cycle lives that can be produced at low cost. The Company's R&D center, Novonix Battery Testing Services, is located i...Read More
Novagold Resources (TSX: NG; NYSE-AM: NG) has hit back against a report from J Capital Research released late May that accused managers of the Vancouver-based explorer of "systematically" misleading investors about its proposed Alaska gold mine over the last 15 years.J Cap, a company founded in China a decade ago that usually targets overvalued media and tech companies for short-selling, said the...Read More
Barrick Gold (TSX: ABX; NYSE: GOLD) has denied claims that it sought to unlawfully export gold from the Porgera mine in Papua New Guinea that it jointly owns with China's Zijin Mining.On June 5, Papua New Guinea's mining regulator accused Barrick Niugini - the operator of the mine - of seeking to illegally export US$13 million in silver and gold to Australia. The country's Mineral Resources Author...Read More
Mistango River Resources (CNSX: MIS) has developed a geological model for its 34-sq.-km Eby-Baldwin project, located 10 km west of Kirkland Lake in the historic "Mile of Gold" of the Kirkland Lake district in Ontario.The model considers Eby-Baldwin in the broader context of the Kirkland Lake district and how the project relates to the adjacent Macassa mine owned by Kirkland Lake Gold (TSX: KL; NYS...Read More
With the diamond trade still largely shut down due to the coronavirus pandemic, Mountain Province Diamonds (TSX: MPVD; US-OTC: MPVD) has found a way to bring in much-needed revenue with a $50-million sale of rough diamonds to a company owned by its largest shareholder.The first $22 million worth of diamonds is expected to be sold on June 11 to Dunebridge Worldwide after a binding agreement between...Read More