If approved, merger would create the world's No.2 platinum producer as Lonmin is the world's third-largest while Sibanye-Stillwater is the fourth.Read full newsRead More
ALROSA, the largest diamond mining company in the world, has summed up the results of the auction in Vladivostok for the sale of large rough diamonds, equaling over 10.8 carats.The company has sold 119 gem-quality rough diamonds with a total weight of 1,890 carats. The overall revenue from sales reached $10.3 million. ALROSA had held four auctions in Vladivostok this year, including the last one,...Read More
"Signature Resources' First Drill Program at Lingman Lake Continues to Intersect High Grade Gold https://t.co/KrVf1f2RcU"Read full newsRead More
Tasca Resources (TAC-V) today announced it has acquired the Selish Mountain property, a 290-hectare block 15 kilometres southwest of Merritt, B.C., and 10 kilometres to the north of Westhaven Ventures Inc.'s Shovelnose gold property, where recent drilling has returned intersections of 8.95 grams per tonne gold over 46.2 metres and 24.5 g/t gold over 17.77 metres. Historic exploration on the Selish...Read More
Tasca Resources (TAC-V) today announced it has acquired the Selish Mountain property, a 290-hectare block 15 kilometres southwest of Merritt, B.C., and 10 kilometres to the north of Westhaven Ventures Inc.'s Shovelnose gold property, where recent drilling has returned intersections of 8.95 grams per tonne gold over 46.2 metres and 24.5 g/t gold over 17.77 metres. Historic exploration on the Selish...Read More
RIO DE JANEIRO - "Failures and possible crimes" led to a February leak of mineral byproduct at Norsk Hydro ASA's Alunorte alumina refinery in the Amazonian state of Para, a special commission in Brazil's lower house said in a report released on TuesdayA congressional commission assembled to look into the incident blamed both the company and regulators, and called for civil and criminal investigati...Read More
Seequent today announced it has signed an agreement to acquire Geosoft, a Canadian geoscience software company headquartered in Toronto. The acquisition brings together Seequent's Leapfrog 3D geological modelling software suite with Geosoft's subsurface geoscience and exploration data-driven technology - to create a subsurface offering for the mining, civil engineering, energy and environmental...Read More
SEDALIA, Missouri - Nucor Corp, America's largest steelmaker, planned a new plant in Sedalia, Missouri, long before U.S. President Donald Trump imposed tariffs to protect the industry - and it does not need them to make money.Although the firm helped lead the lobbying push for tariffs on imports, executives say they invested in Sedalia and two other sites to capitalize on an already profitable str...Read More
Chilean environmental regulators have rejected plans by Albemarle Corp , the wor...Read full newsRead More
India's Jindal Steel and Power Ltd on Tuesday reported a profit of 3.44 billion rupees ($47.36 million) for the second quarter, helped by a one-time gain.For the year-ago period, the New Delhi-based company had reported a loss of 4.48 billion rupees.Eight analysts on average had expected a loss of 536 million rupees, according to IBES data from Refinitiv.The company had a one-time gain of 2.55 bil...Read More
The diamond industry must deliver on its promise that consumers can trust the diamonds they purchase are sourced, traded, and processed responsibly, said a coalition of concerned civil society organizations today."Time is up for the diamond industry. Image is everything to the value of diamonds, yet the industry continues to be tainted by association with human rights abuses like child labour and...Read More
"Abandon ship!" That's the advice that ABN Amro Group NV is giving any remaining Nyrstar NV investors.The central problem for Nyrstar is that it's increasingly looking like the company will struggle to refinance bonds due next year.Nyrstar, Europe's biggest zinc smelting company, is on an inevitable path toward a debt restructuring, said ABN's Philip Ngotho, whose bearish calls have proven profita...Read More
"Nyrstar was a 1.2b euro zinc giant. Now it's worth just 56m euros https://t.co/wzwKTlJ9V4@mburtonmetals"Read full newsRead More
Two key Democratic Republic of Congo opposition leaders withdrew their support for a joint candidate in next month's election, increasing the likelihood that President Joseph Kabila's protege will win.The next government will be less likely to modify new mining legislation that's deeply unpopular with Glencore Plc and Randgold Resources Ltd for boosting taxes and removing investor protections.Tha...Read More
For those investors who look to gold for inflation protection, it seems they are prone to selling gold when they believe the Fed is going to at some point start raising interest rates. On the other hand, they tend to buy gold when the Fed is expected to get looser. That is what INK has found in this month's Gold Top 20 Stock Report in looking at the relationship between forward gold prices and ou...Read More
In just a few weeks, humanity may take its first paid ride into the age of driverless cars.Waymo, the secretive subsidiary of Google's parent company, Alphabet Inc., is planning to launch the world's first commercial driverless car service in early December, according to a person familiar with the plans. It will operate under a new brand and compete directly with Uber and Lyft. The early start ma...Read More
LONDON - Sid Tipples, joint head of JPMorgan's metals business, will leave the bank around the end of the year, four sources familiar with the matter said.JPMorgan's metals operation is one of the world's largest with global activity in both industrial and precious metals. Tipples is based in London and runs it together with Mike Nowak, who works in New York.Tipples joined the bank in 2010 from RB...Read More
Talon Metals (TSX: TLO; US-OTC: TLOFF) has announced a preliminary economic assessment for the Tamarack zone at its Tamarack North nickel-copper-cobalt project in Minnesota.The study assigns the project a $210 million after tax net present value at a 7% discount rate and a 38.8% after-tax internal rate of return with payback in 2.1 years.The project would require $174.31 million in initial capital...Read More
Mr. Eric Fier reportsSILVERCREST APPOINTS PIERRE BEAUDOIN AS COOSilvercrest Metals Inc. has appointedPierre Beaudoin as chief operating officer for the company. Mr. Beaudoinwill dedicate his full attention to the development of the Las Chispas property, and, as such, he will be stepping down from the Silvercrest board in December.Mr. Beaudoin is a precious metal mining executive with more than 30...Read More
Mr. Brett Heath reportsMETALLA PROVIDES UPDATE OF NEW DISCOVERY ON THE SANTA GERTRUDIS GOLD PROPERTYMetalla Royalty & Streaming Ltd. has provided an update on its recently acquired 2-per-cent net smelter return (NSR) royalty covering the Santa Gertrudis gold property owned by Agnico Eagle Mines Ltd., as disclosed by Agnico by way of a news release on Oct. 24, 2018. Brett Heath, president and c...Read More