Samarco Mineracao SA, the Brazilian mining venture that hasn't operated since a deadly dam collapse in 2015, will seek to reboot talks with creditors after one of its parent companies suffered an even worse disaster at its own site, according to people involved in the discussions.Last month's deadly accident at a Vale SA tailings dam in Minas Gerais state has upended the outlook for Samarco, which...Read More
Bolivia has chosen a Chinese consortium to help it produce lithium, the government said on Wednesday, giving China a potential foothold in the country's huge untapped reserves of the prized electric battery metal.China's Xinjiang TBEA Group Co Ltd will hold a 49 percent stake in a joint venture with Bolivia's state lithium company YLB, the Bolivian firm said. Together, the two companies will produ...Read More
Brazil's Vale SA, the world's largest iron ore miner, will invest some 1.5 billion reais ($400 million) starting in 2020 to reduce its reliance on tailings dams, it said late on Tuesday, after one dam collapsed last month, likely killing more than 300 people.The dam at the Feijao do Corrego mine burst on Jan. 25 in the town of Brumadinho, in what is possibly Brazil's most deadly mining disaster. R...Read More
The response to the horrendous dam collapse at a mine owned by Brazil's Vale has focused on iron ore prices and how a disaster that will likely claim more than 300 lives occurred, and what must be done to make sure this doesn't happen again.These are valid concerns, but the risk of focusing on the immediate issues is that the much larger problems of the mining industry are once again glossed over....Read More
Saudi Arabia will invest around $3.8 billion to enhance access to geoscience data and reduce regulatory red tape as it looks to boost mineral exploration, senior government officials said on Wednesday.Government plans to jump-start the Saudi mining sector form part of a broader industrial strategy aimed at diversifying the economy and attracting private-sector investments worth 1.6 trillion riyals...Read More
* Govt working to unblock giant Simandou iron ore project* Infrastructure cost is considered a major obstacleGuinea stands by its requirement that output from the long-delayed Simandou iron ore project must be exported from a Guinean port, despite the collapse of a deal aimed at jump-starting development, its mines minister said on Wednesday.Simandou is one of the world's biggest iron deposits, co...Read More
Zambia, Africa's second-largest copper producer, sees recent changes to its mining royalties regime as fair and won't consider a review despite warnings from the industry that it could deter investment and result in job losses, Finance Minister Margaret Mwanakatwe said."There is no renegotiation taking place because a law has been passed in parliament to change the tax regime""There is no renegoti...Read More
South Africa's biggest gold producer would consider buying more assets in the country after paying off debt from previous acquisitions.Sibanye Gold Ltd. hasn't discussed deals, but AngloGold Ashanti Ltd.'s Mponeng mine and Gold Fields Ltd.'s troubled South Deep operation would both fit into the company's portfolio, Chief Executive Officer Neal Froneman said in an interview in Cape Town. Still, for...Read More
Iran is allegedly negotiating with Switzerland, South Africa, France, the United Kingdom, Russia, Austria, Germany and Bosnia to carry out financial transactions in cryptocurrency...Read full newsRead More
RJK Explorations (TSXV: RJX.A) announced this week that it has entered into a property option agreement with Anthony "Tony" Bishop for the Bishop Nipissing diamond properties in Ontario, Canada.Kimberlite on Bishop Nipissing Diamond Claims. Photo by RJK.In a press release, RJK said the exploration properties total 2,090 hectares encompassing at least 18 potential kimberlite pipes located approxima...Read More
Petitioner Entitled to Award's Confirmation Except for Its Post-Judgment Interest RateRead full newsRead More
In his latest Discovery Watch interview, John Kaiser from Kaiser Research Online reviews new developments at the NioBay Metals (NBY) James Bay Niobium Project and assesses the proposed Sun Metals (SUNM) takeover of Lorraine Copper (LLC). He kicks off the interview looking at the negative and potentially positive implications of the Trump trade war on Midas Gold's (MAX) Stibnite Gold Project in Id...Read More
Hot Chili has executed a binding memorandum of understanding to acquire a landholding that adjoins two of its projects in Chile.Read full newsRead More
* Two binding bids in coal plants sale* One bid from Greece's GEK Terna, Czech Seven Energy, sources say* Second bid by Greek industrial group Mytilineos -sources* PPC seeks higher price, board to meet this week to decideGreece's Public Power Corp. (PPC) is seeking a higher price from two bidders for three coal-fired plants it is selling to boost competition in the energy market, a company source...Read More
Over the last four years, Pure Gold Mining (TSXV: PGM) has doubled the indicated resource for its Madsen gold project in Red Lake, one of the highest grade undeveloped gold deposits in the world.The company released an updated resource estimate today that sees Madsen's indicated resource jump by 319,000 ounces of gold (18%) to a total of 2.06 million ounces contained within 7.19 million tonnes at...Read More
First we need to define what a breakout actually is. It is when the price breaks a pattern or a range and a new trend is therefore established.Today, people are all too quick to refer to almost every move higher as a breakout. Just google "Gold Breakout" and you'll see what I mean.Sure, closing above $1300 was a breakout for Gold. But that's hardly significant. If and when Gold surpasses the wall...Read More
When it comes to distinct mixes of industries, stock exchanges don't come much more idiosyncratic than the TSX index - from iconic clothing brands to miners to legal marijuana, a glance at these industries is all it takes to recognize the market.But are all of these industries worth your investment? Let's take a look at a representative stock from each sector and see whether they belong in your po...Read More
There are a lot of exciting stocks out there these days. It's undeniable that investors who'd bought shares of Shopify or Canopy more than a year ago are looking pretty pleased with themselves right about now.But just because you haven't hopped on latest bandwagon doesn't mean you can't still reap some rewards from the market. And now is the time to do it, while many industries remain in a bit...Read More
The past-producing Troilus gold mine near Chibougamau, Quebec. Source: Troilus Gold Corp.Troilus Gold Corp. [TLG-TSXV] on Wednesday February 6 reported a significant increase in share ownership of the company by management and the board.Within the last three months, members of the Troilus management team and board of directors have acquired over 2.72 million shares, an amount that represents appro...Read More
Underground development at Ivanhoe's Kamoa-Kakula mining complex in the Democratic Republic of Congo. Source: Ivanhoe Mines Ltd.Ivanhoe Mines Ltd. [IVN-TSX; IVPAF-OTC] Chairman Robert Friedland says the company's Kamoa-Kakula mining complex in the Democratic Republic of Congo is set to become one of the world's greatest copper mines. Peak annual production is expected to exceed 700,000 tonnes.Frie...Read More