Mexican President Andres Manuel Lopez Obrador pledged on Wednesday to recover the more than 60 remaining bodies of miners killed in a massive coal shaft explosion in 2006, a mission he described as a humanitarian promise made to victims' families.The announcement came on Mexico's Labor Day holiday, and Lopez Obrador said he did not expect the company that operated the mine to oppose him."This is a...Read More
Ontario's Government for the people is investing more than $500,000 in two manufacturing companies in the Timiskaming Region, creating 12 full-time positions and retaining another 93 full-time jobs."We are committed to creating and protecting jobs and boosting local economies across Northern Ontario," said Greg Rickford, Minister of Energy, Northern Development and Mines. "By investing in manufact...Read More
The gold industry is likely to see an increase in buyout deals in the near future as miners fight to attract a shrinking pool of investment capital, the chief executive of Canada's Iamgold Corp said on Wednesday.The industry's buyout frenzy was sparked earlier this year when Barrick Gold Corp and Newmont bought Randgold Resources and Goldcorp, respectively, deals that created the world's two large...Read More
Privately held industrial conglomerate GFG Alliance said on Wednesday it would spend up to A$100 million ($70.5 million) to get a controlling interest in a copper and iron ore developer to provide materials for its Australian copper and steel business.GFG is building up a South Australian franchise to its global steel and energy business after its purchase of the Whyalla Steelworks and an energy c...Read More
GoldON Resources (TSX-V: GLD) announced this week it wants to earn an initial 60% interest and a subsequent 100% interest in Great Bear Resources' (TSX-V: GBR) West Madsen gold property in Ontario.To pursue its initial goal, GoldON has entered into a binding Letter of Intent with Great Bear. The document stipulates that GoldON has to invest at least $1.2 million in exploration on the property over...Read More
The world's second-largest semiconductor maker late Thursday predicted its data-center group will post a revenue decline in 2019, its first drop in a decade.Read full newsRead More
Australia's Queensland Government has approved Yancoal Australia's (ASX: YAL) planned expansion of its Cameby Downs thermal coal mine, located in the Surat Basin, about 360km northwest of Brisbane.The project will allow Yancoal to increase output at the mine from 2.8 million tonnes a year to 3.5 million, said the company, which manages Cameby Downs.It will also extend the productive life of the...Read More
Ridgestone Mining (TSXV: RMI) issued a review of results from exploration on its Rebeico gold-copper project in Sonora, Mexico, and reported that two styles of mineralization were recognized at the site, both containing copper, gold and silver.In a press release, Ridgestone said the mineralization was identified at the over 1 kilometre-long north-south trending Alaska vein, and at the intensely al...Read More
Chile's Codelco, the world's No. 1 copper producer, has begun underground operations at its century-old Chuquicamata mine, ahead of schedule and with more than 8,000 tonnes of ore already extracted since early April.Block-caving, originally planned for May, began at the end of March, the state-owned miner said in a statement. Ore is being initially extracted by truck before starting commercial pro...Read More
April 29- Newmont Goldcorp Corp said on Monday it plans to temporarily suspend operations at its Penasquito mine in Mexico due to illegal blockade by a trucking contractor and some members of the Cedros community.Read full newsRead More
The so-called NCM 811 battery, which contains 80 percent nickel, 10 percent cobalt and 10 percent manganese, has a longer lifespan and allows electric vehicles to go further on a single charge, a key point of EV performance.Read full newsRead More
Haywood Securities has initiated coverage of Minera Alamos (TSXV: MAI) with a buy rating and 12-month target price of 40 ? per share - a 281% return from the junior's current share price of 11 ?."Minera Alamos holds two development projects in its project portfolio that can be quickly ramped up to production, with the potential to produce ~ 100,000 oz. gold over the next few years," mining analyst...Read More
When people talk about diversification, what they’re often referring to is non-correlation. That is, investments that offset each other’s volatility.One of the most popular non-correlated assets is gold. In many bear markets, the price of gold has actually risen. When times get tough, it can pay to remain diversified.If you’re looking to diversify your portfolio with gold stocks,...Read More
The semiconductor stocks continued melting up last week until Intel threw some cold water on the Dutch tulip bulb price-chasing party. TXN reported Tuesday after the close. Revenues declined 5% from the year-earlier quarter. The management stated that "demand continued to slow across most markets. TXN then said Q2 revenues would drop 10% from Q2 2018. It said earnings would be down 13%. Management...Read More
Avocet requested the suspension with immediate effect.The same thing happened last year, with the suspension lasting for two months after it also missed the deadline for publishing its 2017 accounts and holding an annual general meeting.Avocet explained it had not been able to complete the audit for the 2018 annual report due to ongoing discussions with Managold regarding the costs incurred as par...Read More
The official resurrection date of the historic mine was last Wednesday (April 24) when a 72,000-tonne cargo of high-grade haematite ore valued at more than US$8 million left aboard a bulk carrier forRead More
Every investor with a dime in the market has followed Warren Buffett at one point or another during his 78-year investing career.Seeing the Oracle of Omaha amass an $88.1 billion fortune, who wouldn't?What you may not realize, however, is that Buffett's first move in the investing world was one he's gone back to time and again.Warren's first trade was an oil stock.At the time, he was trying to cap...Read More
Researchers from three states currently grappling with water contaminated with poly- and perfluoroalkyl substances (PFASs) are joining forces to tackle one of the biggest remaining questions facing communities who have found the toxic chemicals used in firefighting foam, nonstick cookware and water-repellent clothing lurking in their water supply. When PFASs contaminate a drinking water source,...Read More
One of the missions of the Colorado Geological Survey (CGS) is to better understand the various geological risks that the citizens of the state face. While not seen as a seismically active region by most people, Colorado does have its share of historical earthquakes and faults. The state has over 90 mapped fault traces that are considered potentially hazardous. One of these faults, the Cheraw faul...Read More
Another year, another doubling of resources: since launching a drill campaign on the Cascabel project in northern Ecuador in 2013, SolGold (TSX: SOLG; LON: SOLG) has steadily converted hints of copper-gold mineralization at surface into 2.1 billion indicated tonnes grading 0.41% copper and 0.29 gram gold per tonne, or 0.60% copper equivalent (at a 0.2% copper-equivalent cut-off), plus 900 million...Read More