The transformation brought by renewable energies will alter the global distribution of power, relations between states, and the environmental drivers of geopolitical instability, according to a major international study published on Friday (11 January).Read full newsRead More
The significant diamond sector reforms being enacted by the President of Angola, His Excellency Joao Lourenco, to grow investment into the Angolan mining sector, will take another major step forward this month as the inaugural competitive bid sale of large and premium-quality diamonds from the high-quality Lulo diamond mine takes centre stage in the Angolan capital of Luanda.This commitment is nec...Read More
Regional heads of state backed a call by Democratic Republic of Congo opposition leader Martin Fayulu for a recount of last month's presidential election, as the country's Constitutional Court prepared to consider his challenge against the result.Opposition leader Felix Tshisekedi was declared the surprise winner of the Dec. 30 poll. If the Constitutional Court validates the electoral commission's...Read More
JOHANNESBURG - South Africa's Association of Mineworkers and Construction Union (AMCU) is planning to strike at Sibanye-Stillwater's local platinum operations, it said on Monday, expanding an earlier stoppage affecting its gold facilities.Since the union downed tools at Sibanye's gold operations in mid-November, four employees have been killed during strike-related violence and the firm has said i...Read More
OSLO - Resource-rich Argentina is expected to join the international transparency standard for managing oil, gas and mineral resources, the Extractive Industries Transparency Initiative (EITI) said on Monday, which could make it more attractive for investors.The global initiative, launched by Britain's former prime minister Tony Blair in 2002, requires member countries to disclose how they allocat...Read More
"Negative, high-profile shifts in #investmentrisk profile for two of #Africa's most prominent #mining addresses cast a dark shadow over the continent in 2018 https://t.co/sX2rffvMk7 #MJWorldRiskReport #investment #finance #gold #guinea #burkinafaso #mali #DRC #mozambique #tanzania"Read full newsRead More
The first competitive bid sale of large and premium-quality diamonds from the Lulo diamond mine will take place on January 31, 2019, in the Angolan capital of Luanda.According to a press release issued by Australia's Lucapa Diamond (ASX:LOM), owner of a 40% stake in the prolific mine, the stones for sale will the first diamonds offered in a competitive process under the new diamond marketing polic...Read More
In an interview with the Sunday Mail, the Chief Executive Officer of state-owned Zimbabwe Consolidated Diamond Company, Moris Mpofu, revealed that the company plans to invest $32 million in exploration projects this year.Such projects involve reopening mines in Chiadzwa, home to the Marange diamond fields, and other parts of the country, as well as launching new operations in the Save River floor...Read More
After clearing various regulation hurdles, Agrium and the Potash Corporation of Saskatchewan merged together at the start of 2018 to become the world's largest fertilizer company, Nutrien. At the time Nutrien had made various promises and many in Western Canada were cautious, hoping for the best but not fully knowing what to expect.Now a year later, Nutrien has begun to settle into its new role in...Read More
Canada's Lundin Gold (TSX:LUG) said Monday it has begun underground development at its flagship Fruta del Norte gold project in Ecuador, on track to kick off production later this year.A total of 4.5 km of underground mine construction has already been achieved, the miner said, while overall engineering is 85% complete and overall project growth has reached a 45% of progress.Lundin Gold said it...Read More
US gold giant Newmont Mining (NYSE:NEM) took a page out of Barrick's book by announcing that is buying Canada's Goldcorp (TSX:G) (NYSE:GG) in a $10 billion-deal that would create the world's largest producer by output, challenging Barrick's recently cemented supremacy.The combined company, which will be called Newmont Goldcorp, will mine in the Americas, Australia and Ghana, producing between 6 a...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK Canadian Insider Index continued its early-2019 surge and added 37.43 points to reach 1089.07 for a 3.6% gain. The Index outperformed the SPDR S&P 500 ETF (SPY) which climbed 2.6%. In all, the INK CIN is now up an impressive 10% from its December lows.MACD edged higher...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to provide an update on the Company's advancement with developing a 5G dedicated "in-vehicle" smartphone for commercial fleets and vehicles.The Company's intention for this device is tocompliment the 4G/LTE UV350, allowing for a strong variety of cutting-edgeproduct offerings. The 5G devi...Read More
Tanzanian government has fined the miner 300 million Tanzanian shillings ($129,143) over allegations of breaching environmental regulationsRead full newsRead More
Gold miners' exchange-traded funds are surging with gold powering higher. These mounting gains are naturally fueling growing interest in the leading gold-stock investment vehicles. Traders looking to deploy capital are wondering which major gold-stock ETF is superior, offering the best balance between upside potential, component fundamentals, and risks. GDXJ takes the crown, besting its larg...Read More
Investors in gold stocks woke up this morning to a newsflash that has taken many by surprise: senior gold miner Goldcorp (TSX:G)(NYSE:GG) is getting acquired by Newmont Mining (NYSE:NEM) in an all-stock deal worth US$10 billion. Goldcorp shareholders should get 0.3280 Newmont share and US$0.02 for each Goldcorp share held. The new company, called Newmont Goldcorp, will become the largest gold m...Read More
Kirsten Marcia is the founder of DEEP and its President and CEO.The FEDs announced Friday support for a new geothermal energy power facility that is being led by DEEP Earth Energy Production Corp. (DEEP).The energy project is the first of its kind in Canada as its taps into a new energy resource and is located near Estevan in southeastern Saskatchewan.Geothermal energy harnesses heat from the eart...Read More
Goldcorp's Eleonore Mine in northern Quebec. Source: Goldcorp Inc.Consolidation in the global gold mining sector continued Monday January 14 with news that Goldcorp Inc. [G-TSX; GG-NYSE] and Newmont Mining Corp. [NEM-NYSE] have agreed to merge in an all-stock deal worth $10 billion.The combined company, called Newmont Goldcorp, will have operations in the Americas, Australia and Ghana, producing b...Read More
Share this articleVANCOUVER - Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) has provided a summary of exploration results from the 2018 exploration program on their 100% owned Justin Gold Project in the Yukon Territory. Work completed in 2018 included the collection of 19 channel and 28 chip samples from 5 trenches, 16 rock samples, 7 till samples and 240 soil samples with...Read More
The tides have turned, dear investor.The great wave of optimism that drove global markets over the past few years has all but receded. Now, pessimism and fear have begun to flow in. And that changes everything, particularly for safe haven assets like gold.Most of the time, gold is a good place to park extra money. That's because prices are generally stable over the long term.Back in 2011, gold pr...Read More