Poland's prime minister and other government officials will meet on Tuesday to discuss a threat by Australia's Prairie Mining to sue Warsaw over difficulties it faced in developing coal projects, three sources familiar with the situation said.Prairie Mining, which has been developing two mines in Poland, said in February that it had notified the Polish government about an investment dispute and th...Read More
Poland's energy market is being left to speculators after repeated interventions by the government have put off long-term investors, the head of market regulator URE told Reuters, describing the situation as a "tragedy".Maciej Bando, whose five-year term ends in June, said unpredictable decisions by the ruling Law and Justice (PiS) party aimed at protecting state-run businesses and a recent cap on...Read More
As the platinum industry heads for its annual gathering in London, the question is whether one of the worst-performing metals of the last few years can sustain its recent recovery.For now, the signs are that it may. Prices of the metal mostly used in autocatalysts are off to the best start to a year since 2016 as investors flock back to exchange-traded funds. The outlook in the physical market is...Read More
The world's second largest miner, Rio Tinto, (ASX, LON, NYSE:RIO) is a step closer to begin expanding its West Angelas iron ore mine in the Pilbara, Western Australia, as it has received the state's environmental watchdog's approval.The Environmental Protection Authority (EPA) said Monday it would recommend open-cut mining at the site to be expanded by 4,100 hectares to 26,700ha, taking it to with...Read More
The world's second largest miner, Rio Tinto, (ASX, LON, NYSE:RIO) is a step closer to begin expanding its West Angelas iron ore mine in the Pilbara, Western Australia, as it has received the state's environmental watchdog's approval.The Environmental Protection Authority (EPA) said Monday it would recommend open-cut mining at the site to be expanded by 4,100 hectares to 26,700ha, taking it to with...Read More
Chinese steelmakers are regaining their appetite for high-grade iron ore despite record-high ore prices, mill managers and traders say, as recovering profit margins spur plants to seek efficiency gains and ramp up output.Steel firms had been forced to slash input costs through switching to low-quality ore in late 2018 as steel margins dived amid record output. A sharp surge in iron ore prices in e...Read More
Japan's JX Nippon Mining & Metals, a mining and smelting unit of JXTG Holdings Inc, said on Monday that Seiichi Murayama, senior executive officer, will become its new president on June 26, replacing the current president Shigeru Oi.Under a long-term vision through 2040 announced on Monday, JX Nippon Mining aims to transform itself into a company focusing on advanced materials from a company cente...Read More
Soaring investment demand will create platinum shortages in 2019, while the palladium market will see a deficit for the eighth consecutive year due to robust demand from the auto sector, specialist materials firm Johnson Matthey said.In a report produced at the start of Platinum Week in London, Johnson Matthey forecast a 127,000-ounce platinum shortfall this year, after surpluses of 372,000 and 44...Read More
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! In December 2018, Highland Gold Mining Limited (LON:HGM) released its most recent earnings announceme...Read full newsRead More
SailingStone Capital, the second largest shareholder in Rio Tinto- controlled Turquoise Hill (TSE, NSYE: TRQ), is expected to vote against the re-election of the Canadian miner's board members this week, during the company's annual meeting.The San Francisco-based investor claims the four independent directors were handpicked by Rio and are not representing the interest of all investors.SailingSto...Read More
"We are thrilled to announce Tom Albanese as #MJSelect Chair! Tom will be sharing his expertise on the 'Reflections on the Market'Albanese is the former CEO of @VedantaLimited and @RioTinto and is currently the Director of #FrancoNevada and Chairman of @NevadaCopper #MJS"Read full newsRead More
Canada Cobalt Works (TSXV: CCW) announced that it added approximately 4,800 hectares to its Castle mine land package, which means that it more than doubled the total size of the site to some 7,800 hectares.In a press release, the British Columbia-based miner said that the additional contiguous ground is to the north and northeast and that, of the total, 4,200 hectares were acquired in a deal with...Read More
Alba Minerals (TSX-V:AA) announced that it entered into an agreement with Journey Exploration to acquire all of its issued and outstanding share capital.The logic behind the buyout is that Journey holds a 100% interest in five prospective vanadium and uranium properties in Colorado and Utah.Yellow Circle mine workings. Photo by Alba Minerals.According to Alba, the projects are in and adjacent to t...Read More
"Gold edged up as tensions rose when US President Donald Trump hiked tariffs on Chinese goods during trade talks between the two power countries. https://t.co/UYAoJMGnxz #Investing #Resource #Gold"Read full newsRead More
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! In December 2018, Highland Gold Mining Limited (LON:HGM) released its most recent earnings announceme...Read full newsRead More
Mid-tier Canadian miner B2Gold (TSX:BTO)(NYSE: BTG) will invest $50 million into expanding its 80%-owned Fekola mine in southwestern Mali, which would allow the operation to churn out 5 million ounces of gold over the new mine life of 12 years.Average annual gold output would increase to more than 550,000 ounces from 2020 - 2024, and to over 400,000 ounces during the remaining seven years.The p...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The INK Canadian Insider Index began with some weakness but held the 1101-1102 level three times during the week before rebounding on Friday to close at 1108.84, for a modest 1.1 point loss. MACD improved nearly 2 points to -2 while RSI gained 5.8 points or 19.7% to 35.24. RSI hit a low...Read More
When Equinox Gold (TSXV: EQX; US-OTC: EQXFF) was formed in December 2017 as a three-way merger of Trek Mining, Newcastle Gold and Anfield Gold, it launched with a development asset in Brazil, a couple of non-core assets elsewhere in South America and Mexico, a small gold deposit in British Columbia, and the Castle Mountain gold project in California.Today, the junior has one asset in production, a...Read More
Brian Paes-Braga is a Vancouver financier and entrepreneur, known for his notable work in founding and developing the lithium resource company, Lithium X. The company raised roughly $50 million and just two years after going public was sold to NextView New Energy Lion Hong Kong Limited for $265 million in March 2018.Today, Brian Paes-Braga serves as Principal, Head of Merchant Banking at SAF Group...Read More
Sandstorm Gold (TSX:SSL)(NYSE:SAND) isn’t your everyday mining company. In fact, it doesn’t own any mines at all.Instead, Sandstorm lends money to mining companies in exchange for future production. This model is called metals streaming.The metals streaming business gives Sandstorm direct upside to a mine’s success while protecting Sandstorm from major losses.For years, Sandstor...Read More