"Nordic #Gold has stopped mining and sacked its contractor at the Laiva mine in Finland, just months after restarting it | https://t.co/5vaSZDY4PY $NOR"Read full newsRead More
It's been a tough year as India's fourth-richest man has struggled to return to his roots.When Lakshmi Mittal, 68, left India for a vacation through Asia more than four decades ago, he didn't plan to stay in Indonesia and lay the foundation for a steel empire that spans the globe and generated $5 billion in profits last year. Yet that's what he did, even as a string of efforts to establish himself...Read More
China's "zombie" enterprises are impeding the country's economic transformation, said the country's biggest state aluminium producer, even though thousands of such unprofitable and indebted state-owned firms have been eliminated.There are three difficulties when it comes to getting rid of zombie firms, the official Xinhua news agency said, citing Ge Honglin, chairman of Aluminum Corporation of Chi...Read More
Caterpillar's Cat 797F large mining truck is now available in a fuel efficient configuration that meets U.S. EPA Tier 4 Final emissions standards. Through more than 16,000 hours of successful pilot machine operation and 100,000 hours of production truck operation in Tier 4 configuration, the system has proven its ability to deliver strong performance and greater fuel efficiency compared to the Tie...Read More
Caterpillar's Cat 797F large mining truck is now available in a fuel efficient configuration that meets U.S. EPA Tier 4 Final emissions standards. Through more than 16,000 hours of successful pilot machine operation and 100,000 hours of production truck operation in Tier 4 configuration, the system has proven its ability to deliver strong performance and greater fuel efficiency compared to the Tie...Read More
The London Metal Exchange (LME) is launching seven new cash-settled futures contracts on Monday, including hot-rolled coil (HRC) steel, alumina and cobalt, aiming to attract more business after profits fell last year.The world's oldest and largest market for industrial metals wants a stronger portfolio of products as competition intensifies with rival exchanges, such as CME Group Inc. of the Unite...Read More
Indonesian state miner PT Aneka Tambang (Antam) targets to start operation of its ferronickel smelter in East Halmahera in the second half of this year, with initial production target of around 5,000 tonnes of nickel in ferronickel (TNi), Finance Director Dimas Wikan Pramudhito said.The plant will have a production capacity of 13,500 TNi, increasing Antam's overall ferronickel production capacity...Read More
Russian gold and silver producer Polymetal increased its ore reserves by 15 percent last year to 24 million ounces of gold equivalent, the company said on Monday. Gold reserves rose 21 percent to 22.3 million ounces, while silver reserves fell 15 percent to 135 million ounces last year, Polymetal said.Mineral resources rose 44 percent to 26.3 million ounces of gold equivalent, the company said.(By...Read More
Japanese trading house Sojitz Corp said on Monday in a statement it would sell its 30 percent stake in the Bara Alam Utama (BAU) thermal coal mine in South Sumatra, Indonesia, to an existing partner for an undisclosed sum.The deal reflects the company's effort to rebalance its coal assets, shifting away from thermal coal investment and focusing more on coking coal, amid growing global concerns for...Read More
Producer of mineral-based highly engineered advanced materials Luxfer, and manufacturer of rare earth and rare metal-based functional materials Neo Performance, announced that they have mutually agreed to terminate a previously announced transaction under which Luxfer would have acquired Neo for $612 million in cash and stock.The companies made the announcement by issuing a press release in which...Read More
Producer of mineral-based highly engineered advanced materials Luxfer, and manufacturer of rare earth and rare metal-based functional materials Neo Performance, announced that they have mutually agreed to terminate a previously announced transaction under which Luxfer would have acquired Neo for $612 million in cash and stock.The companies made the announcement by issuing a press release in which...Read More
SEMAFO (TSX: SMF) (OMX: SMF) and Savary Gold (TSX-V: SCA) announced today that they have entered into a definitive combination agreement pursuant to which SEMAFO will acquire all of the issued and outstanding common shares of Savary not already owned by it.In a press release, the companies explained that the transaction is being carried out by way of a three-cornered amalgamation, which will be vo...Read More
SEMAFO (TSX: SMF) (OMX: SMF) and Savary Gold (TSX-V: SCA) announced today that they have entered into a definitive combination agreement pursuant to which SEMAFO will acquire all of the issued and outstanding common shares of Savary not already owned by it.In a press release, the companies explained that the transaction is being carried out by way of a three-cornered amalgamation, which will be vo...Read More
"Seahawk Ventures Inc. (CSE:SHV US:SEHKF) is a gold exploration company and the second-largest landholder in the Abitibi greenstone belt's Urban-Barry gold camp in Quebec, Canada. For more info https://t.co/mxJ7lRMvAO @SeahawkVentures #exploration #gold #abitibi #investing #INN"Read full newsRead More
Drug trafficking, battles between state forces and armed groups, extortion and illegal gold mining have transformed southern Venezuela into a region where citizens live in a parallel state ruled by organized crime. Read full newsRead More
Canada's Barrick Gold (TSX:ABX)(NYSE:GOLD) has officially dropped its hostile takeover offer for U.S. rival Newmont Mining (NYSE:NEM) in favour of a friendly deal to create a joint-venture that will combine the two companies' assets in Nevada.The world's two biggest gold miners have operated independently in Nevada for decades, but had been unable to reach an agreement on a way to co-operate unti...Read More
Read the report President Xi doesn't want you to see...Read full newsRead More
Australia's largest gold producer, Newcrest Mining, (ASX: NCM) is acquiring a 70% joint-venture interest in Imperial Metals' (TSX: III) Red Chris copper and gold mine, located in British Columbia, Canada, as part of an ongoing push by the world's top bullion miners to get even bigger.The Melbourne-based company, which is also the world's No. 3 gold producer by market value, is paying Imperial $806...Read More
Australia's largest gold producer, Newcrest Mining, (ASX: NCM) is acquiring a 70% joint-venture interest in Imperial Metals' (TSX: III) Red Chris copper and gold mine, located in British Columbia, Canada, as part of an ongoing push by the world's top bullion miners to get even bigger.The Melbourne-based company, which is also the world's No. 3 gold producer by market value, is paying Imperial $806...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. After enjoying a strong multi-week advance, the Index finally pulled back last week, shedding 22.4 points or 1.9% to close at 1135.41. MACD dropped 3.9 points to hit -5.37. Our near-term momentum indicator, RSI, which ended the previous week at an elevated reading of 75.05, then plunged...Read More