(Bloomberg) - Poland is making a rare charge into gold.The country added about 9 metric tons to its bullion reserves in July and August as prices dropped, International Monetary Fund data show. That's Poland's biggest purchase since 1998 and among the largest additions by a European Union nation since then.The National Bank of Poland declined to comment on its reserves, but economists said gold's...Read More
Gold mining ETFs have picked up over the past week led by a surge in demand from India and lower trade tensions.Read full newsRead More
(Bloomberg) - A notorious Iranian gold dealer known as the "Sultan of Coins" was among three men sentenced to death this week in the strongest warning yet to officials and merchants not to exploit the country's financial troubles as the next round of U.S. sanctions loom.The verdicts came a day after the central bank was given more powers to intervene in currency markets to help stop a slide in th...Read More
NEW DELHI/MUMBAI, Oct 1 (Reuters) - India's Vedanta Ltd is investing $4.1 billion to boost oil output from its flagship Barmer block in the desert state of Rajasthan to over 400,000 barrels per day (bpd) in 2021, its chairman Anil Agarwal said.Agarwal said oil output from the block would rise next year to more than 300,000 bpd from about 250,000 bpd currently."In 2-3 years it will be 450,000 bpd....Read More
Mr. Quinton Hennigh reportsNOVO COMPLETES ACQUISITION OF FARNO-MCMAHON AND SECURES PORTFOLIO OF TENEMENTS IN EGINA REGION OF WESTERN AUSTRALIA Novo Resources Corp. has completed its acquisition of the issued and outstanding shares of Farno McMahon Pty. Ltd. as described in the company's news release dated Sept. 17, 2018. Completion of the acquisition was subject to the completion of certain condit...Read More
TOKYO, Oct 1 (Reuters) - Mitsui Mining and Smelting Co Ltd , Japan's biggest zinc smelter, plans to produce 114,600 tonnes of refined zinc during October-March in the 2018/19 financial year, it said on Monday, up 3.6 percent from the same period a year earlier.Zinc is used mainly as an anti-corrosive coating while making galvanized steel.Following are details of the company's output plan, with com...Read More
Mr. Nelson Baker reportsMINERAL MOUNTAIN PLANS PHASE 2 DIRECTIONAL DRILL PROGRAM TO TARGET DEEP HIGH GRADE CENTROIDGOLD ZONEMineral Mountain Resources Ltd. and its subsidiary Mineral Mountain Resources (SD) Inc. have completed their first phase program of nine holes totalling 2,937 metres (9,637 feet), all focused in the Upper Tail gold mineralization hosting the historical Standby mine. A 4,000 m...Read More
HAMBURG, Oct 1 (Reuters) - Aurubis, Europe's biggest copper smelter, will offer 2019 copper premiums to its customers of $96 per tonne, the company said on Monday, confirming earlier reports from traders.This compares to $86 per tonne in both 2018 and 2017.The premium is paid by customers above the London Metal Exchange (LME) copper prices."I think the increase shows the positive state of market...Read More
LONDON, Oct 1 (Reuters) -* Mining and trading giant Glencore is mulling an integrated liquefied natural gas (LNG) import project in the Philippines, a source familiar with the matter said.* The project would be for a Floating Storage Regasification Unit (FSRU) to import gas directly to a power plant in the country.* A commercial agreement has been signed and if pursued, would be financed by sever...Read More
1 October 2018 - Rio Tinto and Dominion Diamond Mines have revealed three of the finest large rough diamonds from their Canadian diamond mine that will be tendered to diamond specialists from around the world.Collectively known as The Diavik Stars of the Arctic, the three rough diamonds showcase a rare combination of size, quality and colour from the Diavik diamond mine in the remote Northwest Ter...Read More
Uranium Energy Corp Increases Previously Announced Underwritten Public Offering to $20 MillionCanada NewsWireCORPUS CHRISTI TX, Oct. 1, 2018Read More
Mr. Murray Payne reportsDYNACERT COMMENTS ON ONTARIO DRIVE CLEAN PROGRAM REDESIGNDynaCERT Inc. has provided comments to the newly announced Ontario's drive clean program redesign. Ontario Ministry of the Environment, Conservation and ParksThe Ministry of the Environment, Conservation and Parks (MECP) has announced changes to regulations that include the cancellation of the drive clean program, in...Read More
Oct 1 (Reuters) - Avocet Mining warned on Monday that it could be broken up as the struggling gold miner continues talks with its largest shareholder, Elliott, to restructure its debt.The company, which is in discussions with Elliott regarding its debt repayments, said that it has sufficient funds to operate for the next year provided that the capital and interest on the Elliott's loan will not ha...Read More
Shares in Canadian miner Ivanhoe Mines (TSX:IVN) jumped Monday after it announced a significant new discovery of high-grade copper on its 100%-owned Western Foreland asset, west of the Kamoa-Kakula mining licence in the Democratic Republic of Congo (DRC).The find, named Makoko, is Ivanhoe's third major copper discovery in the DRC, as well as the first of multiple high-potential target areas ident...Read More
Mr. Walter Coles reportsSKEENA INTERSECTS 23.45 G/T AUEQ OVER 28.50 METRES AT ESKAY CREEKSkeena Resources Ltd. has released additional gold-silver assay results for five holes from the continuing phase 1 surface drilling program at the Eskay Creek project located in the Golden Triangle of British Columbia. Base metal results are pending and will be disclosed once available. The multifaceted phase...Read More
"The near-term outlook for the Chinese manufacturing export sector remains weak, albeit the Chinese government may apply some further stimulus measures to support growth."Read full newsRead More
Mr. Nav Dhaliwal reportsBONTERRA INTERSECTS 37.5 G/T AU OVER 3.3 M AT GLADIATOR DEPOSITBonterra Resources Inc. has released the latest drilling results from the continuing resource development program at the Gladiator deposit, including and intersections of 37.5 grams per tonne gold over 3.3 metresat the south zone. Stepout drilling continues to reveal new areas of high-grade mineralization and ex...Read 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 continued to grind higher, even as copper and US Markets retreated slightly. The INK CIN registered its second positive week in a row and gained 2.31 points to close at 1247.79.Our momentum indicators notched significant milestones, as they successfully burs...Read More
World's second largest miner Rio Tinto (ASX, LON:RIO) and its joint venture partners, Mitsui & Co and Nippon Steel & Sumitomo Metal, approved Monday a $1.55 billion investment to sustain production capacity at two iron ore projects in Western Australia.Rio said it would invest a total of $820 million across Robe Valley and West Angelas projects in Australia's Pilbara region, which are part of the...Read More
Vancouver, BC - Quadron Cannatech Corporation (CSE:QCC) (the "Company" or "Quadron"), ), is pleased to report the financial and operating results for its first quarter ended July 31, 2018.First quarter financial highlights (unaudited): Revenue of $968,783, an 87.7% increase over Q1 July 31, 2017 and a 282% increase over Q4 2017;Gross margin of $285,530 or 29% vs 26% in Q1 July 31, 2017. Gross m...Read More