Israeli billionaire Beny Steinmetz has been at the centre of an international investigation into alleged bribery to win mining rights in Guinea.(Image taken from Beny Steinmetz's website) Billionaire Beny Steinmetz, the founder and owner of a company embroiled in a long-dragged dispute with Vale (NYSE: VALE) over lost rights to the massive Simandou iron ore project in Guinea, claims to have fres...Read More
The company has also appointed Murray John, Discovery Metals chairman and O3 Mining director, to its board.Read More
Speaking to Mining Journal on Friday - before it emerged that AngloGold Ashanti had shut down operations at its Mponeng gold mine after 164 workers tested positive for the virus - Tharisa's CEO Phoevos Pouroulis said the South African government had handled the pandemic "exceptionally well"."They have been pro-active, they have been extremely accessible, and certainly the Department of Mineral Res...Read More
Aztec Minerals Corp. (AZT: TSX-V, OTCQB: AZZTF) is a mineral exploration company, focused on the discovery of exceptional mineral deposits in North America. We learned from Bradford Cooke, Chairman of Aztec Minerals, that they are focused on new discoveries at their Cervantes porphyry gold-copper property in Sonora, Mexico, as well as their Tombstone project, located in Southeast Arizona, approxim...Read More
The government's quarantining and social distancing rules have failed miserably. A successful quarantine, with 100% of the population participating, should have eliminated the coronavirus within a few weeks. Yet it's been three months, and most U.S. states are still under quarantine orders. Why?Well, the answer is clear: Everyone didn't participate in the quarantine. Some very purposefully flouted...Read More
Rubicon Minerals Corporation (TSX: RMX | OTCQX: RBYCF) is an advanced gold developer that owns the Phoenix Gold Project, located in the prolific Red Lake gold district in northwestern Ontario, Canada. We learned from George Ogilvie, P.Eng. President, CEO, and Director of Rubicon Minerals, that they have a compliant NI 43-101 resource, with 811,000 ounces of measured and indicated, with a gold grad...Read More
Northern Dynasty Minerals (TSX: NDM) has welcomed a change of plan for its Pebble project in Alaska's Bristol Bay region, which would now include an all land-based transportation route to connect the proposed copper-gold-molybdenum-silver mine in southwest Alaska.On May 22, the U.S. Army Corps of Engineers (USACE) - the lead federal regulator for the Environmental Impact Statement (EIS) permitting...Read More
Manitou Gold (TSXV: MTU) has released initial drill results from the Rockstar vein within its 225-sq.-km Goudreau project in Ontario.This work is following up on last year's channel sampling program at the property. At the time, the program uncovered the vein over 100 metres of strike, with the gold-bearing unit grading 3 grams gold per tonne over an average width of 2 metres.Drill highlights from...Read More
Barrick Gold (TSX:ABX; NYSE:GOLD) will finally be able to ship gold concentrate containers out of Tanzania, which have been sitting at Dar es Salaam Port for three years due to a dispute over taxes between the country and the gold giant's now defunct subsidiary, Acacia Mining.The decision comes four months after reaching a deal with Barrick, which ended the tax row and granted the government a sta...Read More
AngloGold Ashanti (NYSE: AU) has temporarily closed its Mponeng mine in South Africa after 196 workers tested positive for COVID-19.The company has conducted 651 tests since the first COVID-19 case was detected at the mine last week, with the "vast majority" of those tested asymptomatic, the company reported.The cases were discovered as part of a screening, contact tracing and testing program at t...Read More
Gold rebounded on Friday as concerns about the economic fallout from the COVID-19 pandemic were compounded by fears of rising political tensions between China and the United States.Spot gold closed at US$1,732.70 per oz. on May 22, up from US$1,727.50 per oz. on May 21, after the Chinese government announced its intention to impose a national security law that criminalizes political dissent in the...Read More
A couple weeks ago I told you that M&A for visibility and liquidity's sake was a precursor to what I see as the next great discovery cycle. One born out of necessity.Gold has now surged to record highs in most currencies and has been rising beautifully alongside the dollar. A bull market I can trust.Whether it's rising tensions with China, dwindling reserves that need to be replaced now or later a...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 INK CIN added 36.03 points or 4.3% to close at 877.17.MACD jumped 8.43 points to 1.13. RSI rose 9 points or 20% to 54.43. We note that RSI has not made a new high since the price peaked in late April.Support is at 831 (lower Bollinger) and 817 (50-day moving average). Resis...Read More
Newmont Mining (NYSE:NEM) has been on fire, and why shouldn't it? While gold prices have been quiet lately, they won't stay that way forever. The backdrop for the yellow metal is bullish. Therefore, the backdrop for NEM stock is bullish, too.Source: Piotr Swat/Shutterstock But let's not pretendRead full newsRead More
Each May, we Americans give tribute to those in the military who have paid the ultimate price serving their country. This Memorial Day is all the more poignant as we also remember family, friends and colleagues who have fallen to the coronavirus, a deadly, invisible enemy.The pandemic has slammed the U.S. economy, triggering bankruptcies and putting millions out of work. Goldman Sachs warned earli...Read More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
Boris Johnson needs to prioritise the environment as the UK recovers from coronavirus, firms say.Read full newsRead More
There have been two suspected arson attacks on the installations of SLN, New Caledonia's largest private sector employer, in the territory's north.Read full newsRead More
Navarre Minerals is one of the exploration companies searching for gold deposits in Victoria. (Image courtesy of Navarre Minerals). The Australian state of Victoria announced that it will defer until January 2021, the collection of all rents on exploration, mining, prospecting and retention licences, as well as annual fees for extractive industries' work.These fees and rents bring about A$3.5 mil...Read More
Solar panels and and power lines. (Image from Piqsels, CC0). A report published by market analyst Lux Research states that companies looking to decarbonize their energy trade routes have about 10 years to do so.According to Lux, by 2030, imported electricity via new high-voltage direct current (HVDC) power lines is likely to become cheaper than low-carbon natural gas turbines. This means that cor...Read More