Investment in mineral exploration in Mexico hit a 12-year low last year, due mainly to social conflicts that forced some companies to halt operations, according to a report published this week by the country's mining chamber, Camimex.Around $383 million was invested in exploration in Mexico last year, down 37.4% from the $612 million registered in 2017Foreign and local companies invested about $38...Read More
Brazilian petrochemical company Braskem SA is preparing alternatives in the event the company is forced to stop its mining activities in the northeastern state of Alagoas, its chief executive officer said on Thursday.A report by the country's Geological Service released on Wednesday blamed mining by Braskem in the city of Maceio for damages to local real estate.State prosecutors requested last mon...Read More
Albemarle said on Thursday it is moving forward on a project it claims will boost its Chilean lithium production by 30% without extracting more brine from the environmentally sensitive Salar de Atacama, the world's driest desert.The company, the world's largest producer of the raw material used to make electric vehicle batteries, has teased the industry for more than a year that it has production-...Read More
ArcelorMittal, the world's largest steelmaker, cut its forecast for demand in its main market Europe on Thursday after lower steel prices depressed earnings at the start of the year.The Luxembourg-based company, which makes about 6 percent of the world's steel, announced on Monday it was temporarily reducing European steel output by 3 million tonnes on an annualised basis due to weak demand and in...Read More
Acacia Mining Plc saw a surge in gold production in April thanks chiefly to a 54-percent rise in output from its disputed North Mara gold mine in Tanzania.Acacia, majority-owned by Barrick Gold, is embroiled in a long-running tax dispute with Tanzania and had cut output by a third after the government banned the export of mineral concentrates in 2017.Barrick's Chief Executive Mark Bristow on Wedne...Read More
Rio Tinto has begun shipping more aluminium to markets like Europe to offset slowing demand from the United States partly caused by the trade dispute between China and the U.S., Chief Executive Jean-S?(C)bastien Jacques said on Thursday.Jacques said that demand for Rio Tinto's products had not been impacted by the dispute, which is threatening to escalate this week.Chinese Vice Premier Liu He is s...Read More
AngloGold Ashanti Ltd. plans to sell its last South African mine, marking the exit of Anglo American Plc and the companies it spawned from the industry that created Africa's biggest economy.Anglo's creation in 1917 by Ernest Oppenheimer and the subsequent development of what was for decades the world's biggest gold industry underpinned the development of South Africa into the continent's preeminen...Read More
The brick-and-mortar store at 414 Upchurch St., Apex, features indoor gem mining, along with a gift shop and party space, and now gold panning.Read full newsRead More
Valterra Resource (TSXV: VQA) and Ginguro Gold signed a letter of intent this week in which the latter expresses its intention to acquire an 80% interest in the Weepah property, located in Esmeralda County, Nevada.To move forward with the deal, Ginguro would have to pay Valterra $10,000 upon execution of the LOI and incur in $1,050,000 in cumulative aggregate exploration expenditures on or in resp...Read More
Canada's ZEN Graphene Solutions (TSXV: ZEN) this week received a $1 million grant aimed at accelerating its graphene-enhanced concrete research and development project.In a press release, the company said the grant will potentially help its experts achieve the goal of providing cement-based composite products to the Ontario market by early 2020.ZEN management says the goal is to provide significan...Read More
The United States and a group of Pacific allies are proposing to finance a power...Read full newsRead More
"Monterey Minerals Inc. (CSE:MREY, FWB:2DK) is a mineral exploration company with properties in Western Australia and BC, Canada. Monterey is focusing its efforts on its Sherlock River gold property in Western Australia. https://t.co/GuyVKmYcLJ #gold #exploration #investing"Read full newsRead More
Australian exploration and development Aurelia Metals (ASX:AMI) said on Thursday it was no longer discussing with miner and commodities trader Glencore (LON: GLEN) a possible acquisition of the Swiss company's CSA copper mine.The New South Wales-based miner is the second since April to back off from plans to buy the operation.Fellow copper junior Aeris Resources (ASX: AIS) had offered Glencor...Read More
Rockridge Resources (TSX-V: ROCK) is a fairly new mineral exploration company focused on the acquisition, exploration & development of mineral resource properties in Canada. Its focus is copper & base metals. More specifically, base, green energy & battery metals, of which copper is all three! Not just any place in Canada, world-class mining jurisdictions such as Saskatchewan. And,...Read More
While it’s impossible to eradicate risk entirely from a metals and mining stock portfolio, there are definitely strategies a new investor can stick to in order to bring it down. One way is to invest in ETFs that spread the risk of various assets, while another is to pick miners that have the healthiest balance sheets and track records. Here are two stocks that may fit the bill for a young TS...Read More
TSX Index investors should be no strangers to uncertainty in the markets at this stage; however, with the return of the Sino-American trade war to the financial headlines, it may be time once again to wheel out the gold stocks.A favourite among shareholders and portfolio managers in times of stress, gold remains a top defensive pick, with pure-play mining stocks being at the forefront of the movem...Read More
Both are $500 million, but one is a five-year bond with a coupon of 5.125% and the other is a 10-year bond with a coupon of 6.125%. Gold Fields said the final combined book for the bond issues was more than $3 billion. The company said it would repay what remained of its $1.29 billion existing credit line, and refinance or repurchase other debt. "One of Gold Fields' financial target...Read More
They said it wouldn't happen until the end of the year.But now it looks like the state of Michigan will begin accepting recreational cannabis business license applications as soon as September.Why should you care?Well, if you hate money, then you shouldn't.But if you want to take part in the next wave of pot stock profits, pay close attention to what I'm about to share with you.Easy MoneyLast year...Read More
The American Exploration & Mining Association (AEMA) has made the following statement in response to the Subcommittee on Energy and Mineral Resources Hearing discussing Rep. Ra??l Grijalva's (D-Ariz.) Hardrock Leasing and Reclamation Act of 2019:The sweeping changes in Rep. Grijalva's legislation are unnecessary and a disaster in the making for the domestic mining industry and for America.The fact...Read More
The Young Mining Professionals (YMP) is bumping up its YMP Scholarship Fund for the 2019-20 academic year for students in mining-related university programs in Canada.The YMP Scholarship Fund is a a registered charity that donates 100% of its receipts to students via this scholarship program, and is eligible to offer tax receipts to its donors. These latest scholarships are being funded by Barrick...Read More