Visible Gold, headquartered in Rouyn-Noranda, Que., has agreed to purchase the remaining 40% interest in the Cadillac East gold project from Cadillac West Explorations, a subsidiary of Liberty Gold Corp. Visible Gold will then be the 100% owner of the project.The purchase is a share-only deal. Visible Gold will issue 750,000 common shares with a deemed value of $0.06 each to Cadillac West. The Cad...Read More
Against a backdrop of continued stock market volatility and geopolitical risk, gold demand surged in Q4 of 2018, according to a new report released today from the World Gold Council.Annual gold demand increased 4% on highest central bank buying in 50 years. Gold demand in 2018 reached 4,345.1 tonnes, up from 4,159.9 tonnes in 2017. Central banks' demand for gold soared to the highest level si...Read More
Against a backdrop of continued stock market volatility and geopolitical risk, gold demand surged in Q4 of 2018, according to a new report released today from the World Gold Council.Annual gold demand increased 4% on highest central bank buying in 50 years. Gold demand in 2018 reached 4,345.1 tonnes, up from 4,159.9 tonnes in 2017. Central banks' demand for gold soared to the highest level si...Read More
To expand the existing intelligent offering, Sandvik introduces its second i-series loader; Sandvik LH621i. The new Sandvik LH621i is the loader of choice for rapid mine development and large-scale underground production. The new high-capacity loader is a matching pair with the previously introduced Sandvik TH663i truck, considering the designed payload capacities.The Sandvik LH621i sets the indus...Read More
In his latest Discovery Watch interview, John Kaiser from Kaiser Research Online believes the share price of INK Canadian Insider Index member Wesdome Gold Mines (Mostly Sunny; WDO) is getting a lift from exploration at its Kiena Mine Complex near Val d'Or Quebec and gold's strength.Wesdome Gold Mines shares benefiting from discovery news and productionMr. Kaiser explains that back in late 2106 W...Read More
The horrific collapse of a dam owned by Brazilian mining giant Vale - with the death toll likely to reach the hundreds and widespread environmental damage - highlights a mix of failed government oversight and laws that favor mining interests over public safety. "They thought it was easier to sink the bill" he says.Joao Vitor Xavier, a legislator in mineral-rich Minas Gerais state, had been warnin...Read More
* Chalco says Shandong unit subject to 'flexible production'* Says is considering transformation, upgrade of plant* Company has closed 850kt of capacity since 2018 - consultancyAluminum Corp of China , known as Chalco, said late on Wednesday it had stopped production at an aluminium smelting plant in eastern China's Shandong province, citing high electricity costs.In a statement to the Shanghai an...Read More
Japan's Idemitsu Kosan, Kyushu Electric Power and Tokyo Gas said on Thursday they have given up their plan to build a 2 gigawatt (GW) coal-fired power station in Chiba, near Tokyo, as it would not be economically feasible.The move follows a similar decision by Chugoku Electric Power and JFE Steel, a unit of JFE Holdings last month, and comes amid growing pressure in most of the world for companies...Read More
Additional 110,000t of LCE and 36,000t of cobalt forecast for 2019Read full newsRead More
Australia's Fortescue Metals Group Ltd said on Thursday it was too early to determine the full effect of a Brazilian mine disaster on iron ore supply, as its shares rose to a 16-month high."We are not 100 percent clear yet on the net impact on supply of iron ore, but certainly there will be some impact," Chief Executive Elizabeth Gaines said, adding that the miner had offered its condolences.We do...Read More
Brazil's Minas Gerais state labour prosecutors have frozen more than 800 million reais ($219 million) of Vale's funds as compensation for victims of last week's tailing burst, which killed at least 99 people.People located at and near Brumadinho, the town where the breach occurred, are now facing the dangers associated with having toxic elements in the Parapoeba river, which flows into Sao Franci...Read More
Brazil's Minas Gerais state labour prosecutors have frozen more than 800 million reais ($219 million) of Vale's funds as compensation for victims of last week's tailing burst, which killed at least 99 people.People located at and near Brumadinho, the town where the breach occurred, are now facing the dangers associated with having toxic elements in the Parapoeba river, which flows into Sao Franci...Read More
Botswana's first privately owned coal mine will produce its first saleable coal in March, the chief executive of the company overseeing the project told Reuters.The Masama Coal Mine aims to produce 1.2 million tonnes per annum of coal and will target the South African market as well as other countries in the region, Minergy Chief Executive Andre Boje said."We should ramp up to the nameplate volume...Read More
* One source sees deal signing in first quarter of 2019* Brazil's CSN working to cut debt pile* Iron ore prices rise after Brazil mining dam failureGlobal trader Glencore is close to finalising a deal to make a $500 million payment to the mining arm of Brazil's Companhia Siderurgica Nacional (CSN) for iron ore cargoes to be delivered over five years, sources familiar with the matter said.One sourc...Read More
Today, the Honourable Greg Rickford, Minister of Energy, Northern Development and Mines, issued the following statement on the East-West Tie Line Project:"Ontario's Government working for the People has taken decisive action to designate NextBridge as the transmitter to build a 450-kilometer, double-circuit transmission line from Thunder Bay to Wawa, known as the East-West Tie Line Project, to ens...Read More
Since 2013, Candente Gold (TSXV:CDG) has been engaged with an agreement to reprocess the tailings deposit derived from the Mexico mine, which is part of the San Rafael Vein in the El Oro District, where the company has earned an undivided 100% interest from Goldcorp S.A. de C.V.El Oro is located in the state of Mexico in central Mexico.In a press release, Candente said that the agreement has to be...Read More
Since 2013, Candente Gold (TSXV:CDG) has been engaged with an agreement to reprocess the tailings deposit derived from the Mexico mine, which is part of the San Rafael Vein in the El Oro District, where the company has earned an undivided 100% interest from Goldcorp S.A. de C.V.El Oro is located in the state of Mexico in central Mexico.In a press release, Candente said that the agreement has to be...Read More
Canada's Avalon Advanced Materials (TSX: AVL) and Australia's Cheetah Resources announced this week that they have joined forces to work on the development of the rare earth resources on the Nechalacho project near Yellowknife, in Canada's Northwest Territories.In order to move forward with such a plan, the companies signed a binding Terms Sheet under which Cheetah will acquire ownership of the ne...Read More
Canada's First Vanadium (TSX-V: FVAN) is extending its Nevada-based Carlin project, considered the largest, highest grade primary vanadium deposit in North America, by acquiring the southern extension of the asset.The strategic move, announced Thursday, gives the company mineral rights to an additional 200-metre strike length of Carlin.Strategic move gives the company mineral rights to an additi...Read More
Shares in Canada's Eldorado Gold (TSX:ELD)(NYSE:EGO) jumped 12.6% in pre-market trading in New York on Thursday on the news that it will resume mining and heap leaching at its K????lada?? gold mine in Turkey.The Vancouver-based miner noted it would halt a previously announced $520 million-project to build a mill on site. The facility would have made K????lada?? a nine-year, 270,000-ounce-per-an...Read More