"Billions of Dollars are pouring into the coffers of the U.S.A. because of the Tariffs being charged to China, and there is a long way to go. If companies don't want to pay Tariffs, build in the U.S.A. Otherwise, lets just make our Country richer than ever before!"Read full newsRead More
Rio Tinto, (ASX, LON, NYSE:RIO) the world's second largest miner, is set to develop its most technologically advanced mine following the full approval of a $2.6 billion investment in the Koodaideri iron ore mine in Western Australia.The company stated Koodaideri will deliver a new production hub for Rio Tinto's world-class iron ore business in the Pilbara, incorporating a processing plant and infr...Read More
A bulk sampling and test mining exercise at Rubicon Minerals (TSX: RMX; US-OTC: RBYCF) Phoenix gold project has yielded positive reconciliation results that validate the 2018 mineral resource estimate as well as the new geological model and structural interpretation of the F2 deposit, the company says.Over the summer and fall, Rubicon extracted material from three test stopes in the upper areas...Read More
Mr. Jean Martineau reportsDYNACOR DECLARES SECOND QUARTERLY DIVIDEND PAYMENTDynacor Gold Mines Inc. will pay a quarterly dividend payment of one cent per common share on Jan. 3, 2019, to shareholders of record as of the close of business on Dec. 19, 2018. The payment represents the second quarterly dividend payment made to shareholders following the corporation's first ever dividend payment in Oct...Read More
For readers that don't know you, can you tell us about your background and current roles? In 2010, after 12Read full newsRead More
* Japan's Mitsubishi Materials on Thursday said that its Indonesia copper smelting unit, PT Smelting, has declared force majeure on deliveries of products to some customers as maintenance at its plant in the country had been extended.* The smelter on Oct. 31 went into maintenance that was scheduled for about 30 days, but that has been extended due to a lack of oxygen supply from a neighboring oxyg...Read More
Democratic Republic of Congo's state mining company blamed international investors and anti-corruption activists for the country's lack of progress despite its vast mineral wealth.Non-governmental organizations including the Atlanta-based Carter Center and London-based Global Witness have accused Gecamines of failing to account for hundreds of millions of dollars paid to the state miner by the com...Read More
Nov 29 (Reuters) - Lonmin Plc, which is being bought by Sibanye-Stillwater, reported its first annual operating profit in four years as cost cuts by the platinum miner paid off.Lonmin also said on Thursday it expects Sibanye's deal to close early next year, but cautioned that some uncertainty still exists over its completion, which is subject to certain conditions.Lonmin shares rose as much as 9.3...Read More
Mr. Jeff Chisholm reportsPAN ORIENT ENERGY CORP. L53-DD1 OIL DISCOVERY- 779 BOPDPan Orient Energy Corp.'s L53-DD1 exploration well is on a 90-day production test and currently producing at a steady state of between 778 and 784 barrels per day of 23.6 degree API oil with a BS&W (basic sediment and water) of 0.4 per centfrom the DD sand through 5.2 metres of perforations between the depths of 1,...Read More
LONDON, Nov 29 (Reuters) - Broker Amalgamated Metal Trading Ltd has been appointed by the London Metal Exchange as a liquidity provider for its steel contracts, giving a boost to the market as the first ring trader in that role.AMT is one of nine top tier LME members that are allowed to trade in the open outcry ring as well as over the telephone and on the exchange's electronic system, meaning it...Read More
Construction for the project will start in 2019, with first production expected in late-2021.Read full newsRead More
"#Deutsche Bank's premises including its HQ in Frankfurt were being searched by prosecutors on Thursday in a money laundering probe, prosecutors said in a statement. https://t.co/2nKBcgfVYi via @business"Read full newsRead More
FRANKFURT, Nov 29 (Reuters) - German carmaker BMW is exploring ways to improve working conditions for mining cobalt in Congo through a pilot project also supported by chemicals giant BASF, battery maker Samsung SDI and a development agency.Carmakers seeking to boost sales of electric cars are struggling to get their hands on cobalt, a scarce but vital component in the production of batteries. The...Read More
Nov 29 (Reuters) - Detour Gold Corp said on Thursday Chief Executive Officer Michael Kenyon will head the company until it finds a permanent replacement, pushing back against hedge fund Paulson & Co's demand to immediately replace him.Paulson & Co, which has a stake of about 6 percent in the miner, has pushed for Kenyon's resignation, saying the company had "unsuccessfully tried to boost short-ter...Read More
World's top diamond producer by output Alrosa (MCX:ALRS) made $90 million in six auctions held in Israel this year.The auctions were for large rough diamonds, with the latest one focusing on special size gems larger than 10.8 carats - and it fetched $17 million. 100 companies from Israel, Belgium, Hong Kong, India, UAE, the US, and Russia were invited to participate, and 44 took home the coveted s...Read More
Mr. Jason Paltrowitz of the OTC reportsOTC MARKETS GROUP WELCOMES MINAURUM GOLD TO OTCQXMinaurum Gold Inc. has qualified to trade on the OTCQX Best Market.Minaurum Gold upgraded to OTCQX from the Pink market. Minaurum Gold begins trading today on OTCQX under the symbol MMRGF.U.S. investors can find current financial disclosure and real-time Level 2 quotes for the company on the OTC Markets website...Read More
Mr. W. John DeCooman Jr. of SSR Mining reports SSR MINING ANNOUNCES INVESTMENT IN SILVERCREST METALS INC.SSR Mining Inc. has entered into an agreement with Silvercrest Metals Inc. to purchase, by way of private placement, 8,220,645 common shares of Silvercrest at a price of $3.73 per common share for total consideration of $30,663,006. Paul Benson, president and chief executive officer of SSR Mini...Read More
Uranium Energy Corp Announces the Retirement of Ivan ObolenskyCanada NewsWireCORPUS CHRISTI, TX, Nov. 29, 2018Read More
Mr. Chris Taylor reportsGREAT BEAR REPORTS CONTINUITY OF GOLD FROM SURFACE TO 365 M DEPTH IN DIXIE LIMB ZONE, DIXIE PROJECT, RED LAKE DISTRICTGreat Bear Resources Ltd. has released results from drilling of the Dixie Limb zone (DLZ) completed during the company's summer 2018 drill program and designed to test continuity of gold mineralization to depth.The DLZ is a multikilometre gold-mineralized co...Read More
UK-based Altus Strategies (AIM: ALS, TSX-V: ALTS) announced the discovery of what the company calls "the Simret silver prospect" at its 100%-owned Daro project, located in the Tigray Regional State of northern Ethiopia.In a media statement, the project generator said that Simret showed silver grades that include 944 g/t Ag and 540 g/t Ag, which were taken from rock chip sampling of quartz veins. L...Read More