Mr. David Suda reportsTERRAX INCREASES FINANCING TO $2.3 MILLIONTerrax Minerals Inc., due to significant demand, has increased and closed its previously announced non-brokered private placement for $1.5-million to $2.3-million.The placement now consists of 5.88 million units of the company at a price of 40 cents per unit.Each unit shall consist of one common share and one transferable common share...Read More
Mr. Nelson Baker reports MINERAL MOUNTAIN RESOURCES LTD. - WINTER PHASE 2 DRILL PROGRAM FINALIZEDMineral Mountain Resources Ltd. and its wholly owned subsidiary, Mineral Mountain Resources (SD) Inc., have engaged the professional services of Devico AS, a recognized expert in directional core drilling (DCD), to partner with the company's drill contractor, First Drilling, to target over 1,130 metres...Read More
MOSCOW - CEFC paid almost 225 million euros ($257 million) in compensation to a consortium of Qatar Investment Authority and Glencore after the Chinese firm's deal to buy a stake in Russian oil firm Rosneft fell through, a document showed.The chief executive of Rosneft, Igor Sechin, said in September 2017 that CEFC had signed a deal to buy 14.2 percent of Rosneft from Qatar and Glencore.The deal w...Read More
Mr. Chris Taylor reports GREAT BEAR COMPLETES PURCHASE OF 100% ROYALTY-FREE INTEREST IN DIXIE GOLD PROJECT, RED LAKE, ONTARIOGreat Bear Resources Ltd. has accelerated payments and completed its purchase agreements to earn a 100-per-cent royalty-free interest in its flagship Dixie project, located in the Red Lake district of Ontario.Great Bear now has 100-per-cent ownership of the 9,140-hectare pro...Read More
Copper output in Chile, the world's top producer of the metal, is expected to increase 2% by the end of the year and continue to grow steadily during 2019 due to stronger performance from major mines, upgrades to existing operations, and lower risk of labour strikes.According to the latest report by Fitch Solutions Macro Research, the main possible obstacle to the forecast production growth in Chi...Read More
BEIJING - China National Coal Group agreed supply deals for thermal coal with six state power utilities that totalled more than 500 million tonnes to be delivered across five years starting from 2019, according to a report published on the website of the National Energy Administration on MondayUnder the agreements, China National Coal Group will supply in 2019 more than 97 million tonnes of coal t...Read More
HARARE - Zimbabwe will allow gold and platinum mining companies to retain up to 55% of their earnings in dollars, government and central bank officials said on Monday, as authorities in the southern African nation move to ensure operators remain viable.Mining accounts for more than two-thirds of Zimbabwe's export earnings but the sector has seen some companies close due to a dollar crunch that has...Read More
* Looking to bolster profitable equipment division* Iberian equipment business sold for $180 mln* Focus on acquisitions in construction and mining sectorsJOHANNESBURG - Barloworld Ltd is in talks to buy a business from Caterpillar Inc using proceeds from the sale of a unit earlier this year, the head of the South African equipment maker said on Monday.Barloworld sold its underperforming Iberian eq...Read More
Kootenay Silver (TSXV: KTN) announced that its wholly-owned Mexican subsidiary entered into an option agreement to acquire a 100% interest in the Columba silver project, which hosts a past-producing mine and is located in the northwestern state of Chihuahua, Mexico.Under the terms of the agreement, Kootenay Silver can acquire a 100% ownership in the concessions by making staged payments of $3.29 m...Read More
Vancouver-based Tasca Resources (TSX.V:TAC) expanded its New Princeton Gold discovery area in British Columbia to 14,650 hectares by completing a staking program of 10,637 hectares surrounding the project.In a media statement, the company said the expansion made sense following a recent gold discovery from the bedrock trenching.Tasca explained that 51 bedrock samples and five float samples were ta...Read More
World's largest miner BHP (ASX, NYSE: BHP) (LON:BLT) said Monday it had settled its long-running tax battle with Australia's tax authorities concerning its marketing operations in Singapore.As part of the settlement reached with the Australian Tax Office (ATO), BHP is paying about A$529 million ($386.43 million) in additional taxes on income for 2003 to 2018, it said in the statement.The mining gi...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee"), the most advanced platform for the distribution of consumer-relevant product information, is pleased to announce its financial results for the three and nine months ending September 30, 2018. The Company is pleased to show quarter on quarter revenue growth 56%, rising to $74,202 from $47,480. The financial h...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata"), a leading global developer and provider of cellular communications systems, is pleased to announce the completion of a supply agreement with a leading Tier 1 cellular carrier in the United States. This agreement is a prerequisite to launching the Uniden (R) UV350 with this operator in the U.S. and...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 CIN Index couldn't muster more than about 5 points to the upside before falling, rolling over, and continuing its correction. The Index fell 26.9 points to close the week at 1106.85 for a 2.4% decline, amounting to a stinging two-week loss of 4%.MACD tumbled 7.7 points...Read More
Nearly two months ago, Barrick Gold (TSX:ABX)(NYSE:ABX) announced it was acquiring Randgold Resources in a massive deal to become the largest gold company on the planet, with a diversified portfolio of mines that straddles the globe, which includes owning half of the top 10 producing mines on the planet.In the period since then, Barrick provided a less-than-stellar quarterly update and floated di...Read More
RNC Minerals (TSX:RNX), formerly known as Royal Nickel has been mired in relative obscurity. That is until, the company made a significant gold find. Fool contributor Neha Chamaria published a good breakdown on what the find means for the company.To recap briefly, the company found a major gold deposit at its Beta Hunt mine in Western Australia. Ironically, it was also a mine that the company had...Read More
Gold pour at the Aurora Mine in Guyana, South America. Source: Guyana Goldfields Inc.Guyana Goldfields Inc. [GUY-TSX; OTC-GUYFF] has been asked to cease all activity related to underground development at its Aurora Mine in Guyana, South America.A Guyanese newspaper reported over the weekend that the request came from the country's Environmental Protection Agency (EPA), according to a report by Sco...Read More
Rob McLeod, President and CEO of IDM Mining, shows off the 10 g/t gold mineralization underground at the Red Mountain Mine.Aben Resources Ltd. [ABN-TSXV; ABNAF-OTC; E2L-FSE] reported drill results from the Forrest Kerr Project. Results continue to reveal near-surface high-grade gold mineralization at the Boundary Zone and demonstrate potential for new discoveries.For step-out drilling at the North...Read More
2018 has been a most… interesting year for me. In life, I believe there are 3 main aspects that we all seek to maximize in order to be happy: Wealth, Health, Relationships.Wealth.This first key component hasn’t really gone as expected for me this year… It’s only with the benefit of hindsight when we can reflect back and kind of figure out just exactly what went right/wrong...Read More
Kirsten Marcia is the founder of DEEP and its President and CEO.As noted on the DEEP Earth Energy Production Corp. (DEEP) website, geothermal energy is the only renewable power that is independent of wind and sunshine and produces continuous power made available by an energy producer (baseload). This green energy source provides zero carbon-based fuel consumption and leaves a small environmental f...Read More