* Power firm Eskom facing financial crisis* Government debating whether to split firm* Miners say Eskom's tariffs erode competitivenessSouth African miners support a restructuring of struggling state power firm Eskom to boost competition in the electricity supply industry, an industry body said on Wednesday, warning that tariff hikes alone would not solve Eskom's problems.Top government officials...Read More
Rescue teams on Wednesday saved the last miner missing after an earth tremor struck a copper mine near the Polish town of Rudna, 70 miles east of the German border, the mine's owner said.KGHM Polska Miedz initially reported 14 miners missing after the tremor hit the mine early on Tuesday afternoon, 770 metres below the earth's surface. All but one of the miners were found on Tuesday. Some had suff...Read More
ArcelorMittal's application to bid for the Bosnian government's stake in the Ljubija iron ore mine has been rejected over procedural issues, prompting the world's largest steelmaker to warn of risks to the future of mining in the area.ArcelorMittal owns a steel plant in the central Bosnian town of Zenica where it processes iron ore from its mines in Prijedor in the north of the country.The governm...Read More
Top iron ore producer Vale's decision to decommission its upstream tailings dams following the deadly dam burst on Friday at its facility in C??rrego do Feij??o, Brazil has lit a fire under iron ore prices.The Chinese import price of 62% Fe content ore jumped 5% on Wednesday to trade at $82.53 per dry metric tonne, according to data supplied by Fastmarkets MB. The price of the steelmaking raw mate...Read More
United Nations human rights experts called for an urgent and impartial investigation on Wednesday into the collapse of Vale's tailing dam in Brazil, which killed at least 99 people, as well as into the toxicity of the mining waste, which is now heading towards a river that provides drinking water to communities in five of the country's 26 states.The tailings dam used at Vale's C??rrego do Feij??o...Read More
No excuse for simply not knowing how TSF disasters happen or failing to learn from one's mistakesRead full newsRead More
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Cordoba Minerals (TSXV: CDB), the Toronto-based miner developing the San Mat?-as project in the department of C??rdoba in northern Colombia, issued a media statement today detailing the reasons behind the lawsuits it filed in late 2018 and January 2019.According to the press release, Cordoba was forced to present criminal charges before Colombian prosecutors against nine members of former manageme...Read More
Vanadium producer Bushveld Minerals' (LON:BMN) revenue and earnings soared in 2018, the company said Wednesday, despite slightly missing production guidance due to repair work in the fourth quarter.Revenue for the miner, which owns the Vametco, Brits, and Mokopane projects in South Africa, jumped to $192.2 million, significantly more than the $79.2 million recorded in 2017.Profits from the miner'...Read More
GoviEx Uranium (TSXV: GXU) is studying the possibility of powering its flagship Madaouela project in northern Niger using a dedicated and renewable hybrid solar power solution.GoviEx management is working with Windiga Energy and the companies have signed a memorandum of understanding to determine if the idea is feasible.Windiga is Canadian energy developer focused on building, owning and operating...Read More
Nickel prices hit theirstrongest in around three months on Wednesday, as the co...Read full newsRead More
A United Nations report published Wednesday says Danakali's (ASX, LON:DNK) Colluli potash project has the potential to boost the economy of Eritrea, a country that until two months ago was on the UN's sanctions list.The independent study, commissioned and funded by the UN Development Program (UNDP), assesses a wide range of econometric data and includes findings from talks with Eritrean government...Read More
Vancouver, BC - Peekaboo Beans Inc (CSE:BEAN | OTCQB:PBBSF) (the "Company" or "Peekaboo Beans"), is pleased to announce a significant decrease in spend as a result of the Company's new omni-channel business model.Retail trends have pushed businesses to appeal to the millennial shopper through an online presence, which powered Peekaboo Beans' shift from direct sales to omni-channel model. The...Read More
Fortune Minerals (TSX: FT) (OTCQX: FTMDF), the company behind what could become Canada's first primary cobalt mine, has signed a socio-economic agreement with the government of the Northwest Territories (N.W.T.) in which it commits to hire and spend locally.The 48-page document sets out targets for jobs, spending, education, and training in the Territories as the NICO cobalt, bismuth, gold, and c...Read More
Higher nickel prices are required to incentivise supply of nickel sulphate for electric vehicle (EV) batteries, particularly given lower cobalt prices, delegates heard today at the Advanced Automotive Battery Conference (AABC) in Strasbourg, France.Read full newsRead More
The magnificent gold price rally has paused in the $1300 area for the past few weeks. Monday was COMEX option expiry day.With that now out of the way, gold is already staging more upside action!Please click here now. Double-click to enlarge this daily gold chart. A bullish upside channel breakout is in play and the consolidation was a flag-like pattern.Also, note my key 14,7,7 series Stochastics o...Read More
The mis-pricing of money and credit has also driven a terrible misallocation of capital and kept unproductive zombie debtors alive for too long. Saxo Bank, "Beware The Global Policy Panic""Mis-pricing of money and credit" refers to the ability of the Fed to control interest rates and money supply. Humans with character flaws and conflicting motivations performing a role that is best left to a fr...Read More
The death toll has reached 84, with another 276 still missing.Brazil has arrested five people following the TSF wall breaking and spilling waste over the Corrego do Feijão iron ore mine and surrounding areas, three of whom worked for Vale and had been involved in signing of the structural integrity of the dam.The company said on Tuesday it would give each victim's family US$26,000.Vale's pr...Read More
OPEC is imploding day by day.Right now, no other catalyst weighs heavier on the 14-member oil cartel than the collapse of Venezuela's oil industry.I wish I could tell you that nobody saw this coming.Truth is, everyone did.We've seen the writing on the wall for more than a decade... ever since Hugo Ch??vez seized all oil assets held by major oil players like ExxonMobil and ConocoPhillips.This was t...Read More
VANCOUVER - British Columbia is known for its coal and copper-gold deposits, with a storied history of mining all three commodities. Now the second largest mining company in the world is looking to add a B.C. copper porphyry deposit to its portfolio of development properties.Speaking at the opening ceremony of the Association for Mineral Exploration's Roundup 2019 convention in Vancouver, Rio Tint...Read More