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
Eldorado Gold (TSX:ELD; NYSE:EGO) has started construction of a US$24-million tunnel at its sole Canadian operation, the Lamaque gold mine in Quebec, which will allow the company to grow production and reduce energy use.The Vancouver-based miner, which kicked off commercial production at Lamaque last year, said the fully permitted decline project will connect the Sigma mill and the 405 metre level...Read More
Companies can no longer easily and frequently modify their original project designs to reflect changes in (for example) plant layouts. Instead, they're locked into building precisely what's in the initial project plan. And if requirements change, owners may end up with assets that miss the mark.For companies managing multi-billion-dollar portfolios of capital projects, all at different stages (tar...Read More
Argo Gold (CSE: ARQ) is a Canadian company, focused on gold exploration projects, in central and northwestern Ontario, that have indications of economic viability. All of Argo Gold's projects are 100% owned. We learned from Judy Baker, CEO of Argo Gold, that their high-grade Uchi Gold Project (which includes the Woco Gold Prospect) is located west of Uchi Lake at the south end of a series of histo...Read More
In 2016, an archaeological dig in Bulgaria uncovered this small gold bead...It's just 4 milliliters in diameter and weighs only 0.15 grams, giving the bead's a gold content value of less than $8 today. But to archaeologists, this tiny trinket is priceless. That's because it's the world's oldest known gold artifact.Archaeologists found this gold bead at a prehistoric human settlement in southern Bu...Read More
Finding an economic deposit that eventually becomes a mine is a long shot by any metric and can take decades from exploration to production.Yet in less than a year since going public, Magna Gold (TSX-V: MGR) (OTCQB: MGLQF) CEO Arturo Bonillas and his team now sit in the enviable position of owning a mine that I believe will likely produce approximately 25k gold ounces this year, over 50k gold ounc...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 broke through its multi-month trading range, powering 47.21 points or 5% higher. The Index closed at 971.26.MACD nearly doubled, rising 4.32 points to 8.95. RSI shot up 16.59 or 35.5% to 75.46, notching a multi-week and multi-month high.Support is at 887 (20-day mov...Read More
Pure Gold's mine in Red Lake is on track for its first pour this year.Read full newsRead More
Like much of the world, Argentina remains locked down, its citizens more or less homebound due to the global COVID-19 pandemic. Amid the torpor, Yamana Gold, a Canada-based mining company, has forged a new partnership around a gold mining project in the Patagonian province of Chubut. The move has led activists to accuse Yamana of [...]Read full newsRead More
Hedge funds finally threw in the towel.Read full newsRead More