* Deal commits to 100 pct sustainable aluminium by 2020* Sustainability criteria include emissions, biodiversity* Mining companies seek to improve their image* Nespresso battles competition on sustainable packagingLONDON - Nespresso, part of food giant Nestle, aims to use sustainable aluminium in all of its coffee capsules by 2020 under a deal with mining major Rio Tinto announced on Monday.Both c...Read More
"Aben Extends Mineralized Envelope around High-Grade Gold Discoveries at North Boundary on the Forrest Kerr Project in BC's Golden Triangle @Aben_ABN https://t.co/8mIEZvbTCe"Read full newsRead More
Just when Deutsche Bank probably thought the worst of its legal troubles were behind it...Read full newsRead More
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RIYADH - Saudi Arabia's King Salman will inaugurate on Thursday the Waad Al-Shamaal project, a 440-square-km city for mining industries in the country's northern region, Al Arabiya TV said, quoting energy minister Khalid al-Falih.The project will cost 85 billion riyals ($22.7 billion) and create 10,000 jobs, Falih said. It is part of an industrial scheme aimed at opening up Saudi's north to develo...Read More
"Canada Cobalt Works has been consistently posting high grades of #cobalt - are you tracking them yet?Read between the lines: https://t.co/qUEuifwFII#MomentumStocks #CCW $CCW $CCWOF #mining #hotstocks #silver #cobalt #batterymetals #tesla @canadacobalt"Read full newsRead More
Sibanye Gold Ltd., which received a strike notice from South Africa's Association of Mineworkers and Construction Union, said it won't increase its current wage offer that was signed off on by other labor groups last week."AMCU has decided to go on strike," the union said Sunday on its Twitter feed. Sibanye will be given 48 hours to come back with a better offer, it said. The company said Monday i...Read More
With the second round of bids to secure a piece of Teck Resources Ltd.'s $4.7 billion copper expansion expected in the coming weeks, victory may come down to more than price.Teck, which owns 90 percent of Quebrada Blanca in northern Chile, would like to sell a 30 to 40 percent stake to an outside investor. With the copper market widely forecast to go into deficit as soon as this year and the numbe...Read More
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