SAO PAULO, Sept 26 (Reuters) - Two major shareholders of Brazilian mining company Vale SA are likely to reach an agreement on Wednesday to pay 2.82 billion reais ($692 million) to Eletron to settle a dispute over Vale shares, according to securities filings by Bradespar SA and Litel Participa???ues SA.The payment by Brazilian holding companies Bradespar, one of the largest shareholders in Vale,...Read More
THOMASVILLE, N.C., Sept 26 (Reuters) - In a town where a 30-feet tall chair is the chief landmark, and which is synonymous with a U.S. furniture industry decimated over the years by imports from China, many greet the possibility of tariffs on Chinese goods with a shrug.No wonder. Of three once bustling Thomasville furniture plants in the city limits, one is being demolished and cleared for parklan...Read More
Sayona Mining touted its Authier lithium project in Canada after receiving a positive definitive feasibility study released Monday.Australian-based Sayona Mining says if the project becomes a mine, it could create 150 construction jobs and 160 positions for operators.Other highlights of the DFS were the following:Pre-tax NPV of C$184.8 million and IRR 33.7% (real terms at 8% discount rate)Annual...Read More
Canada's Trevali Mining (TSX:TV) revealed Wednesday it had temporarily halted operations at its Santander zinc mine in Peru, as a small group of locals blocked access to the installations, claiming that the company had failed to satisfy its investment obligations.As a result of the protest, the Vancouver-based firm was also unable to receive a scheduled delivery of supplies to the mine,mine is lo...Read More
Canada's Trevali Mining (TSX:TV) revealed Wednesday it had temporarily halted operations at its Santander zinc mine in Peru, as a small group of locals blocked access to the installations, claiming that the company had failed to satisfy its investment obligations.As a result of the protest, the Vancouver-based firm was also unable to receive a scheduled delivery of supplies to the mine,mine is lo...Read More
Mr. Ivan Bebek reportsAURYN TRENCHES 30 METRES OF 1.93% CU EQUIVALENT AT SOMBREROAuryn Resources Inc. has provided results from additional trenching work at its Sombrero copper-gold skarn project in southern Peru. In particular, trench 18 includes 30 metres of 1.93 per cent copper equivalent, 24 metres of 0.73 per cent CuEq and 54 metres of 0.34 per cent CuEq (see attached table).A message from Iv...Read More
...glyphosate may be indirectly killing honey bees around the world.Read full newsRead More
"@CrowStu I keep saying about #India #TukTuks & #eBuses alone are going to impact on global #Lithium supply https://t.co/JJgZ8BkDpV Electric fleet of buses https://t.co/h4JdrpIbYiDisruption on #Lithium supply"Read full newsRead More
Mr. Ralph Shearing reportsTELSON MINING CORPORATION ANNOUNCES $6.5 MILLION FINANCING TO ENTER FINAL STAGE OF CONSTRUCTION AT TAHUEHUETOTelson Mining Corp. has arranged a non-brokered private placement financing to raise gross proceeds of up to $6.5-million aimed at finalizing construction of its 100-per-cent-owned Tahuehueto mine.Private placement details Pursuant to the private placement, up to 8...Read More
Nickel Creek says it won't complete its preliminary economic assessment until improved financial market conditions and a stronger commodity price market, the company said in a news release yesterday.The stock traded down to 11 cents. A week ago the stock was at 14 cents.Nickel Creek, formerly Wellgreen Platinum, is a nickel and platinum group metal project three-hours west of Whitehorse. It is loc...Read More
Shares in Canada's Maxtech Ventures (CNSX: MVT) shot up more than 13% on Wednesday morning as the company said it plans to expand its footprint in Brazil, where is developing its flagship Brasnorte manganese project, by entering into a joint venture with a local company in Santana do Pirapama, in Minas Gerais state.The Vancouver-based miner said it has signed a non-exclusive letter of interest to...Read More
Shares in Canada's Maxtech Ventures (CNSX: MVT) shot up more than 13% on Wednesday morning as the company said it plans to expand its footprint in Brazil, where is developing its flagship Brasnorte manganese project, by entering into a joint venture with a local company in Santana do Pirapama, in Minas Gerais state.The Vancouver-based miner said it has signed a non-exclusive letter of interest to...Read More
Mr. Mark KolebabareportsADAMERA INTERSECTS 19.4 G/T GOLD - ZONE OPEN AT DEPTHAdamera Minerals Corp.'s diamond drill hole OS18-02 intersected 19.4 grams per tonne gold over 1.07 metres on the Overlook project in Washington State. The extent of the high-grade gold mineralization is not yet known as the drill hole terminated in the zone. Drill planning to determine the extent of the mineralization is...Read More
Canadian miner First Quantum Minerals (TSE:FM) is facing legal uncertainty around its massive $5.48 billion project in Panama, the largest copper mine coming to market over the next couple of years.The Central American country's Supreme Court ruled Monday that Law 9, which was used to grant a mining concession to Minera Petaquilla (now known as Minera Panama) in February 1997, was unconstitutiona...Read More
"$gold has been waiting all month for the control boy FOMC group to give us their SPIEL aka FED SPEak TOMORROW.Once they shake the tree, odds favor trend finally gets direction into October."Read full newsRead More
In one of the biggest developments in the gold industry in recent memory, gold mining giant Barrick Gold Corp. (TSX:ABX)(NYSE:ABX) will acquire Randgold Resources Ltd. (NASDAQ:GOLD) by Q1 2019 to create a new company (henceforth referred to as "the new Barrick") that'll be listed on the New York Stock Exchange and the Toronto Stock Exchange.Barrick Gold's move comes at a time when gold prices are...Read More
I've long viewed Barrick Gold (TSX:ABX)(NYSE:ABX) as one of the best options in the market for investors looking to invest in a precious metals miner.Part of that rationale comes from the impressive debt-reduction that the company has exhibited in the years following the 2011 price drop. When prices were slashed from nearly US$1,900 per ounce to sub-US$1,100 per ounce, Barrick and other miners w...Read More
Fenelon Gold property. Source: Wallbridge Mining Co. Ltd.Wallbridge Mining Co. Ltd. [WM-TSX, WC7-FWB] shares were active Wednesday September 26 after the company said drilling has intersected high-grade gold in a newly discovered zone at its 100%-owned Fenelon gold property in Quebec.The news comes just two weeks after Wallbridge raised $3.9 million by issuing 30 million units at 13 cents per unit...Read More
Nickel Creek Platinum's Nickel Shaw Project in the Yukon. Source: Nickel Creek Platinum Ltd.Nickel Creek Platinum Ltd. [NCP-TSX; NCPCF-OTCQX], a company previously known as Wellgreen Platinum, says it postponing a preliminary economic assessment at its flagship Nickel Shaw Project in the Yukon until market conditions and the price of nickel improves.The announcement follows the conclusion of a Pha...Read More
Mining's Santander zinc mine in west-central Peru. Source: Trevali Mining Corp.Trevali Mining Corp. [TV-TSX; TREVF-OTCQX, 4T1-FSE; TV-LMA] on Wednesday September 26 said operations at its Santander Mine in Peru have been temporarily halted as a result of an illegal blockade.Trevali shares eased 5.92% or $0.045 to 71.5 cents on the news and trade in a 52-week range of $1.75 and 59 cents.The company...Read More