SilverCrest Metals expects to update the resource estimate and complete a preliminary economic assessment in the first quarter of the year on its Las Chispas silver project in Mexico.A resource estimate in September 2018 focused on an estimated 5.5 km of about 20 known kilometers of cumulative vein strike length in the district, about 180 km northeast of Hermosillo in the state of Sonora.Las Chisp...Read More
SilverCrest Metals expects to update the resource estimate and complete a preliminary economic assessment in the first quarter of the year on its Las Chispas silver project in Mexico.A resource estimate in September 2018 focused on an estimated 5.5 km of about 20 known kilometers of cumulative vein strike length in the district, about 180 km northeast of Hermosillo in the state of Sonora.Las Chisp...Read More
First Cobalt (TXSV: FCC; US-OTC: FTSSF) has extended copper-cobalt mineralization along strike at both its Waite zone and No Name zone, part of its Iron Creek cobalt project in Idaho.The company is reporting four holes it drilled west of the project's current resource in 2018. The holes extend the Waite zone 120 metres west along strike and the No Name zone 60 metres west along strike. The compan...Read More
First Cobalt (TXSV: FCC; US-OTC: FTSSF) has extended copper-cobalt mineralization along strike at both its Waite zone and No Name zone, part of its Iron Creek cobalt project in Idaho.The company is reporting four holes it drilled west of the project's current resource in 2018. The holes extend the Waite zone 120 metres west along strike and the No Name zone 60 metres west along strike. The compan...Read More
We are excited to be launching Canadian Insider Insights, a newsletter exclusively for CanadianInsider.com users to provide a quick read on what insiders are telling us about the outlook for the Canadian market. Commentary draws heavily from the subscriber-supported Market INK report, focusing on trends we see in the mid-cap-oriented INK Canadian Insider Index, signals from our proprietary sentim...Read More
* Japan's Mitsubishi Materials Corp cut its sales estimate of copper cathode at its Indonesia copper smelting unit, PT Smelting, by 32,000 tonnes from its November forecast to 237,000 tonnes for the year ending March 31, a spokesman said on Wednesday. Sales were 263,000 tonnes a year earlier.* The longer-than-expected maintenance late last year and slower ramp-up after the maintenance caused a red...Read More
Swedish mining and smelting firm Boliden reported fourth-quarter core earnings ahead of market forecasts on Wednesday, but proposed a total shareholder payout below analyst expectations.Operating profit, excluding revaluation of process inventory, fell to 2.00 billion Swedish crowns ($216 million) from 2.91 billion a year earlier, beating the 1.89 billion seen by analysts in a Reuters poll.The com...Read More
Vancouver-based Regency Gold (NEX: RAU.H) announced it has entered into a definitive agreement with Vanadium North Resources to acquire all of its issued and outstanding common shares, the main interest behind the buyout being the Valley of Vanadium project in the Northwest Territories.In a press release, the companies said that Vanadium North holds an option to acquire 100% of the Valley of Vanad...Read More
BHP Group, the world's largest miner, said on Wednesday its board has approved $696 million in funding to expand production at the BP PLC-led Atlantis oil project in the U.S. Gulf of Mexico.The move comes about a month after London-listed oil and gas major BP discovered further oil prospects in the Gulf of Mexico, including additional oil in the Atlantis field. BP said the total cost of developing...Read More
South Africa's biggest labor group staged a nationwide protest against job losses Wednesday, the latest setback for an economy reeling from four days of rolling power cuts. The rand fell the most against the dollar among major currencies.The double blow comes at a terrible time for President Cyril Ramaphosa, who is gearing up to contest elections in May, is seeking to lure $100 billion in new inve...Read More
SNC-Lavalin Group Inc. bonds dropped after S&P Global Ratings cut the company's credit rating to the cusp of junk, the latest blow for the Canadian engineering firm at the center of a controversy that's ensnared Prime Minister Justin Trudeau.Risk premiums for the company's bonds due 2023, or the extra yield they pay compared with Canadian benchmark government securities, were quoted at more than 2...Read More
Brazil's government intends to make the mining giant Vale "private again" by selling its shares and pushing out quasi-state pension funds, a senior official said. Shares rose."Vale is a state company. Pension funds controlled by the government control Vale," Privatization Secretary Salim Mattar said on Wednesday at an event in Brasilia. "We're here to reprivatize Vale." "Vale is a state company....Read More
* Flooding likely to disrupt rail for at least a month -analyst* Glencore's Mt Isa zinc, lead transportation affected* Around 40 percent of Australia's zinc exported from TownsvilleFloods in Australia's Queensland state are set to disrupt the rail delivery of zinc exports to the northern port of Townsville, with the line likely to be out of action for at least a month, analysts said on Wednesday.T...Read More
Peru's environmental agency, El Organismo de Evaluaci??n y Fiscalizaci??n Ambiental, (OEFA) has ruled out that a "greenish solution" found in a river near Southern Copper Corp's Cuajone mine was the product of a tailings spill.In a statement late Tuesday, OEFA noted it was still supervising operations at the mine, which is located in an area hit by heavy rains over the past week.Southern Copper...Read More
* Palladium market had 29,000 oz shortfall in 2018* Platinum market surplus was 498,000 oz last year (Adds detail)A deficit in the palladium market that has driven prices of the autocatalyst metal to record highs will widen dramatically this year, specialist materials company Johnson Matthey said in a report on Wednesday.The company, a leading autocatalyst manufacturer, said the shortfall in the r...Read More
"Good morning from #Germany, where inflation expectations have collapsed. 10y inflation expectations measured by inflation linked bonds have dropped to 0.94%, lowest since 2016 and way below #ECB's inflation goal of near 2%."Read full newsRead More
Petrol and diesel vehicles cost more over four years in UK and four other European nationsRead full newsRead More
Colombia's coal production and exports are likely to remain steady this year, companies said on Wednesday, amid predictions international prices for the fuel will fall in 2019.The Andean nation is the world's fifth-largest exporter of coal. Fitch Solutions reduced its Colombian coal production growth forecast from 4.5 percent to 0 percent in January due to price declinesOverall Colombia producti...Read More
Precious metals miner Hochschild Mining (LON: HOC) has been forced to halt operations at its Arcata gold and silver mine in Peru, saying that low silver prices had left the company little choice aside from suspension.Hochschild, which operates three mines in southern Peru and one in southern Argentina, said Arcata would be on "full care and maintenance" by the second quarter of 2019.Any potential...Read More
Even renewable energy relies on certain decidedly non-renewable resources...Read full newsRead More