Barrick Gold Corp , the world's second largest bullion miner, is preparing its Zambian copper mine Lumwana for sale in the second half of 2019, looking to target Chinese buyers, three sources with knowledge of the matter said.Fresh from two major deals in recent months, Barrick has said it plans to shed $1.5 billion of less productive mines, which have little expansion potential.The sale of Lumwan...Read More
It would appear that Italy's interior minister Matteo Salvini has escalated his widely-supported anti-immigrant stance, by forcing George Soros and his NGO pals to put their money where their virtue-signaling mouths are...Read full newsRead More
The Queensland Resources Council has welcomed the State Government's decision to grant Resolute Mining nine new mining leases as part of a $150 million project to extend the life of its Ravenswood gold mine operations in north Queensland.QRC Chief Executive Ian Macfarlane said the announcement by Natural Resources, Mines and Energy Minister Dr Anthony Lynham would secure the 280 existing jobs and...Read More
Global miner BHP will hold on to the Australian nickel operations it previously put up for sale, while Rio Tinto is working on copper and lithium projects as the mining industry bets on demand for electric vehicle (EV) batteries.The biggest mining companies say they are well positioned to provide the metals needed for the shift to EV technology, although they acknowledge the political risks and en...Read More
South Africa's Kumba Iron Ore Ltd said on Tuesday first-half headline earnings is expected to rise at least 160 percent, boosted by higher iron ore export prices and a weaker rand/U.S. dollar exchange rate.The company, a unit of Anglo American Plc, said headline earnings per share is expected to increase by at least 14.9 rand in the six months ending June 30, from 9.31 rand a year earlier.Headline...Read More
The United States faces stiff challenges as it moves to create its own electric vehicle supply chain, industry analysts say, with the extent of the country's metal reserves largely unknown and only a few facilities to process minerals and produce batteries.Legislation making its way through the U.S. Congress aims to help offset those gaps, but China remains the global EV sector leader, a dominance...Read More
Commodity prices hurt this mining company's top line, but that alone doesn't suggest the company failed to shine brightly last quarter.Read full newsRead More
Global miner Rio Tinto (ASX, LON:RIO) may be ready to start mining lithium from its project in Jadar, Serbia in four years, but no decision will be made until the end of 2020, when the company expects to have completed a study on the deposit.The asset, near the town of Loznica, in western Serbia, gives Rio Tinto an option to supply the world's electrification needs, chief executive Jean-Sebasti...Read More
Global miner Rio Tinto (ASX, LON:RIO) may be ready to start mining lithium from its project in Jadar, Serbia in four years, but no decision will be made until the end of 2020, when the company expects to have completed a study on the deposit.The asset, near the town of Loznica, in western Serbia, gives Rio Tinto an option to supply the world's electrification needs, chief executive Jean-Sebasti...Read More
"We are pleased to announce that @AngloPacificPLC CEO Julian Treger will be speaking on our Keynote Panel: From Alternative to Mainstream: How Royalties has Changed the Face of #MiningFinance #MJS #MJSelect https://t.co/1nO4xextaX"Read full newsRead More
White Metal Resources (TSXV: WHM) announced that it entered into two binding letters of intent to purchase a 95% interest in certain prospective copper properties in Namibia.In a press release, the miner said that the two LOIs refer to four Exclusive Prospecting Licences that cover historical copper-silver resources in the Kalahari Copper Belt and the Kaoko Belt, and prospective targets for furthe...Read More
Erin Ventures (TSXV: EV) announced this week that it is ready to continue drilling at its Piskanja property in Serbia to advance the fundamentals of the boron project towards feasibility.In a press release, the Victoria, British Columbia-based miner said that management just finished putting together the next work program, which will be completed in approximately a 60-day period, once commenced.Ph...Read More
The introduction of new, tougher standards together with recent case law, point to a harsher, less forgiving approach to enforcement and larger fines for regulatory non-compliance and failings in relation to environmental and social governance.European law firm Fieldfisher has observed a notable uptick in enquiries from mining clients on how to comply with increasingly strict standards on environm...Read More
Our latest Canadian Insider Insights newsletter explains how some insider trends are suggesting that global growth may be set to expand faster than the consensus thinks. Bamboo shoots anyone?Other topics include the latest INK Canadian Insider Index rebalancing highlights, and Bitcoin versus gold. Finally, our insider of the week has been on the job for less than a year, but his company stock has...Read More
South Africa's Petra Diamonds (LON:PDL) has sold its 425-carat "Legacy of the Cullinan Diamond Mine" diamond to Belgium-based Stargems Group for $15 million.The exceptional D colour Type IIa gem was recovered in March from the company's iconic Cullinan mine, the same that yielded the Cullinan diamond - at 3,106 carats the largest rough diamond ever found and which today is part of the British C...Read More
Commodity prices hurt this mining company's top line, but that alone doesn't suggest the company failed to shine brightly last quarter.Read full newsRead More
Australia's corporate regulator is asking the Federal Court for approval to wind up Merlin Diamonds (ASX:MED), whose shares have been suspended from trading since October, after the watchdog kicked off a probe into a A$13 million-loan from the miner to a private company associated to the diamond producer's owner.The Australian Securities and Investments Commission (ASIC) is also looking into whet...Read More
"$LOMA - Loma Negra Compa???-a Industrial Argentina Sociedad An??nima (LOMA) CEO Sergio Faifman on Q1 2019 Results - Earnings Call Transcript https://t.co/gfi4FCid1z"Read full newsRead More
"$RIOCF - RioCan: This 5.6%-Yielding REIT's Outlook Is Supported By Opportunities In Mixed-Use And Residential Developments https://t.co/6UPpyttY2D"Read full newsRead More
"$IRS - IRSA Inversiones y Representaciones Sociedad An??nima (IRS) Management on Q3 2019 Results - Earnings Call Transcript https://t.co/ny2bM8RJHo"Read full newsRead More