Chile state development agency Corfo said on Thursday it reached a deal with world top lithium miner Albemarle Corp in a long-running contract dispute and would not file a previously threatened arbitration suit against the U.S-based producer.The dispute centered around a contract term that requires Albemarle to provide as much as 25 percent of its annual production of lithium at a discount to comp...Read More
"Canada's top #pension manager says the huge shift of assets from public to private markets could trigger steeper selloffs and exacerbate a crisis https://t.co/muiuqwRaLQ via @markets"Read full newsRead More
The Star-Orion South diamond project 60 km east of Prince Albert is moving toward the bulk sampling stage. Owner Star Diamond Corp. says that Rio Tinto Exploration Canada - holder of an option to earn a 60% interest - has begun sonic and core drilling of up to 25 pilot holes in preparation for bulk sampling the Orion South kimberlite.The sonic drilling will provide a detailed look at the overburde...Read More
FLSmidth will supply machinery and equipment for the 0.5Mt/annum extension of the world class refinery of Utkal Alumina International Limited (UAIL) in Odisha.Utkal Alumna International is a wholly-owned subsidiary of Hindalco Industries, an industry leader in aluminium and copper. It is the metals flagship company of the Aditya Birla Group, the world's largest aluminium rolling company and one of...Read More
Endeavour Mining (TSE: EDV; US-OTC: EDVMF) produced 52% more gold in 2018 than it did in 2017, exceeding the upper end of its full year guidance.The company produced 612,000 oz. gold in 2018, up from 403,000 oz. gold the year before; it had estimated producing no more than 590,000 oz. gold in 2018.At the same time, Endeavour's all-in sustaining costs (AISC) fell 4% in 2018 to $745 per oz. gold com...Read More
Minespider, a blockchain startup for responsible mineral sourcing, announced today that Michelle Ash will be joining their advisory board. Ash was the former Chief Innovation Officer at Barrick Gold, the world's largest gold company, and has over twenty years of industry experience, including key roles at BHP Billiton Mitsubishi Alliance, Acacia Mining, and GMG.With major pilot programs in the pip...Read More
South Africa gains some stability before 2019 elections but former hope Zimbabwe hits crisis againRead full newsRead More
China is expected to report the slowest economic growth in 28 years this week.Read full newsRead More
"The world's biggest lithium ion battery plants 1 Tesla2 LG3 CATL4 CATL5 LG 6 LG7 BYD8 Funeng9 Panasonic 10 BYD Subscribe to @benchmarkmin Megafactory Assessment now > https://t.co/ajWevEg2wS"Read full newsRead More
Vancouver, BC - Graphite One Resources Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company") announces that it is in the process of implementing an important next step in its corporate strategy to create an integrated graphite products company intended to create value to its shareholders. The Company intends to proceed with a name change to "Graphite One Inc." It is also announc...Read More
Coal exports from Grupo Prodeco's port in Colombia are proceeding normally despite the possibility that a small group of unionized workers may vote to strike over pay and labor conditions, the company said on Thursday.Prodeco, a subsidiary of Switzerland's Glencore, is the third-largest producer of thermal coal in the Andean country.Only three of the 115 workers at the Puerto Nuevo port are member...Read More
The reasons behind the block are a mystery...Read full newsRead More
Saudi Arabia isn't buying the peak oil demand narrative.OPEC's largest producer continues to expect global oil demand to keep rising at least by 2040 and sees itself as the oil producer best equipped to continue meeting that demand, thanks to its very low production costs.Saudi Arabia will be the one to pump the last barrel of oil in the world, but it doesn't see the 'last barrel of oil' being pum...Read More
After nine months of intermittent production due to illegal strikes and social unrest, Barrick Gold's Tongon mine in Ivory Coast returned to normal in the last quarter of 2018, achieved its revised production target of 230,000 ounces for the year, down from 288,680 ounces in 2017.Operations at the mine, which the Canadian gold giant acquired after the merger with Randgold, had to be halted a few...Read More
Australia and New Zealand Banking Group Ltd (ANZ), whose gold bullion business is one of Asia's largest, said on Thursday it was closing its precious metals vault in Singapore.The move follows the bank's sale last year of its stake in an exchange-traded fund backed by physical gold and sources say it is part of a scaling back of ANZ's precious metals business.While ANZ is trimming, increasing regu...Read More
Chile's Chemical and Mining Society (SQM), the world's second largest producer of lithium, used in batteries that power electric cars and high tech devices, has taken measures to protect sensitive information from China's Tianqi Lithium, which recently acquired almost a quarter of the company.The deal, which took months to get approved by Chile's antitrust regulators, received the okay in October,...Read More
Once seen as a laggard in the global mining industry, U.S. copper deposits have quietly drawn more than $1.1 billion in investments from small and large miners alike as Tesla and other electric carmakers scramble for more of the red metal."Fifteen years ago, U.S. mining was thought to be a dead industry, but now it's a profitable area for us"Four U.S. copper projects are set to open by next year -...Read More
Lucara Diamond (TSX:LUC) today stated that it is on track with the works towards a feasibility study for a potential underground operation at its 100%-owned and operated Karowe diamond mine.The Karowe mine is located in northern Botswana and hosted the world's second-largest diamond, which Lucara unearthed in 2016.According to Lucara, the $14.8-million feasibility study that would allow them to ex...Read More
Orinoco Gold (ASX: OGX) announced that it has just started working with AngloGold Ashanti (JSE:ANG) (NYSE:AU) on establishing an in-country joint venture entity in Brazil, an undertaking that should be completed in the first quarter of 2019.The announcement was made after both companies confirmed the original terms of an earn-in agreement they signed back in 2017.The regional exploration joint ven...Read More
Barrick Gold Corp.'s full-year gold production was 4.53 million ounces for 2018 and full year gold sales of 4.54 million ounces, according to preliminary results announced Jan. 21.Read full newsRead More