Mining company Vedanta and its Zambian unit Konkola Copper Mines (KCM) said they were seeking urgent talks with the Zambian president following a high court order on Tuesday to appoint a provisional liquidator.The news has rattled foreign investors already nervous governments in central African countries are seeking a much bigger share of resource revenues, which they say will discourage investmen...Read More
British Steel, the country's second largest steel producer, is on the brink of collapse unless the government agrees to provide an emergency 30 million pound ($38 million) loan, two sources close to the situation said.British Steel said negotiations had not concluded and it continues to work with all parties to secure the future of the business. It also reassured employees that their salaries will...Read More
Zambia's Eurobond yields rose to record highs after the government of the cash-strapped copper producer said it's planning to seize Vedanta Resources Ltd.'s mining assets.The yield on the southern African nation's $750 million of securities maturing in September 2022 climbed 81 basis points to 19.74% as of 10:43 a.m. in London. Rates on notes due in April 2024 rose 51 basis points to 19.02%. No ot...Read More
An indigenous Peruvian community has imposed a new road blockade on Chinese miner MMG Ltd's Las Bambas mine, one of Peru's largest copper producers, after talks with the company over compensation broke down, a representative of the public ombudsman office said on Tuesday.The community started the blockade at midnight (0500 GMT) on Tuesday, the representative, Americo Contreras, said by phone, citi...Read More
The iron ore market is on a surge, the price last week punching up through the $100-per tonne level for the first time in five years.Copper, by contrast, is under pressure, with the London Metal Exchange (LME) price for three-month delivery sliding 10 percent over the last month and currently struggling to hold the $6,000-per tonne level.The fortunes of two commodities are beholden to China, the w...Read More
A home built on a retired gold mine in Big Sur, Calif. is for sale for $2.25 million.Read full newsRead More
The world's largest miner, BHP (ASX, NYSE: BHP), has lifted its forecasts for the global adoption and sales of electric vehicles (EVs), but warns the electrification of the transport sector will proceed only as fast as the development of charging infrastructure does.BHP now estimates that at least 132 million EVs will be on the world's roads in 2035, and at least 561 million by the middle of the...Read More
The world's largest miner, BHP (ASX, NYSE: BHP), has lifted its forecasts for the global adoption and sales of electric vehicles (EVs), but warns the electrification of the transport sector will proceed only as fast as the development of charging infrastructure does.BHP now estimates that at least 132 million EVs will be on the world's roads in 2035, and at least 561 million by the middle of the...Read More
The creator of one of the world's largest indoor rainforests, UK-based charity The Eden project, has partnered with aluminum giant Alcoa (NYSE:AA) to build a $150 million eco-tourism attraction at the company's former Anglesea coal mine, in Australia.The parties estimate the project could create 300 full-time jobs and attract thousands of visitors if it gains the support of the community, finds f...Read More
The creator of one of the world's largest indoor rainforests, UK-based charity The Eden project, has partnered with aluminum giant Alcoa (NYSE:AA) to build a $150 million eco-tourism attraction at the company's former Anglesea coal mine, in Australia.The parties estimate the project could create 300 full-time jobs and attract thousands of visitors if it gains the support of the community, finds f...Read More
". @AlexaCapital Co Founder Gerard Reid is a leading global expert in the areas of energy and mobility and we are pleased to welcome him on stage at #MJSelect this June. Gerard will be joining a panel of experts on: Which #BatteryMetal has the strongest outlook? #MJS"Read full newsRead More
Scientists at Northwestern University have experimentally replicated a medieval gold purification method employed by West Africans in the 10th and 11th centuries.The researchers followed a technique initially described in a 2014 paper by archaeologist Sam Nixon, in consultation with Thilo Rehren, a specialist on ancient materials and technologies. Their description of the method was based on a ser...Read More
Rare earths miner Lynas Corp (ASX: LYC) said Tuesday it intended to relocate its contentious processing plant from Malaysia to one of two preferred sites in Western Australia, where its Mt Weld mine is located.The company, the world's only major producer of rare earths outside China, said the A$500 million-plan ($346 million) aims to boost production, appease Malaysian regulators and fend off tak...Read More
A report from Bloomberg on Thursday had indicated that Iamgold was exploring a sale of the company, garnering at least some interest from speculators who chase buyout rumors.Read full newsRead More
McEwen Mining Inc. (MUX) (MUX.TO) provides an update on the fatal accident involving a contractor's employee that occurred on Monday, May 13, 2019 at the Gold Bar Mine in Nevada.The formal investigation by local authorities is not complete, but preliminary analysis by McEwen Mining suggests thatRead full newsRead More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index.The INK Canadian Insider Index started the week with a successful test of 1100 before bounding as high as 1121.71 intraday. The Index finished the week at 1114.99 for a gain of 5.15 points. MACD improved 3.38 to 1.38, while RSI rose 20% or 7.7 points to 42.9.Support rests at 1100 an...Read More
Canada's Pure Gold Mining (TSX-V: PGM) has begun trading on the main market of the London Stock Exchange under the ticker PUR, in a move aimed at lifting the company's international profile ahead of its transition to producer from developer.The Vancouver-based miner, which is advancing a high-grade gold project in Ontario, believes a dual listing will give it access to a much broader pool of inte...Read More
The major gold miners' stocks are drifting sideways with gold, their early-year momentum sapped by the recent stock-market euphoria. But they are more important than ever for prudently diversifying portfolios, a rare sector that surges when stock markets weaken. Their just-reported Q1'19 results reveal how gold miners are faring as a sector, and their current fundamentals are way better than beari...Read More
While quarterly conference calls can be company-specific, there’s huge value in paying attention to the information that management teams reveal, even if you’re not invested in their stocks.Earlier this month, Kirkland Lake Gold Ltd (TSX:KL)(NYSE:KL) revealed its first- quarter results for 2019. Executives jumped on a call with analysts to discuss what happened and why.If you’re...Read More
Reuters report in which the news service discovered that almost all of the solar cell production at Tesla's solar factory in Buffalo, New York is being sold overseas, primarily to a large Asian buyer. Tesla's Solar City business was given $750 million in State subsidies to build the plant in NY in exchange for employing at least 1,460 people and spending $500 million per yer in the State over...Read More