Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee"), an advanced platform for the automated distribution of omnichannel product information in use by global manufacturers and content management system (CMS) providers, announces the appointment of Markus Westerholz as Chief Technology Officer (CTO), effective immediately. Westerholz reports directly to President...Read More
Imperial Metals' deal with Newcrest Mining to sell a 70% stake in its Red Chris mine in British Columbia averts a "liquidity crunch" for the Vancouver-based company and will improve execution at the mine, CIBC says.The transaction prompted the bank to upgrade Imperial Metals to a neutral rating from underperformer and lift its 12-18 month target price on the stock from $0.60 per share to $3.50 per...Read More
Sierra Leone is counting on its program with the International Monetary Fund to attract infrastructure investments and revive an economy that's struggling to recover from the worst-ever outbreak of Ebola.The government of President Julius Maada Bio resumed an agreement with the Washington-based lender for a $172 million extended credit facility in December after an earlier deal with the administra...Read More
"Read full newsRead More
Conventional wisdom says that an increased rate of diamond recycling results in downward diamond price pressure due to the theoretical increase in supply. However, the contrary may actually be true today in this relatively nuanced market. In fact, a more prevalent diamond recycling market could in fact be the natural diamond industry's saving grace.Historically, given that a more active recycled...Read More
Greece's Public Power Corp (PPC) relaunched the sale of three coal-fired power plants on Friday with a March 15 deadline for expressions of interest, after a previous tender last month failed to attract any satisfactory bids.Former bidders, which include Mytilineos, GEK Terna, and Beijing Guohua Power Company, are entitled to express interest in addition to new ones, according to the tender docume...Read More
China, the world's top producer of rare earth elements, last year also emerged as the biggest importer of the group of minerals used in everything from ceramics to consumer electronics, analysts said on Wednesday.China has for years been the world's biggest rare earths exporter, raising shipments overseas by 4 percent year-on-year to more than 53,000 tonnes in 2018, and its emergence as the top im...Read More
The London Metal Exchange's (LME) warehouse problems are back.Long load-out queues earlier this decade generated media scandal, a flurry of legal action and intense regulatory scrutiny of the exchange.The ensuing raft of reforms to its storage network appeared to have laid the issue to rest.At the end of February, there was a 229-day queue to get aluminium out of warehouses in Malaysia's Port Klan...Read More
"More red flags about Rio Tinto's reliance on iron ore, shareholder payouts, and state of its #copper division ($) | https://t.co/0FKQJ7Sq7o $RIO #LSE #ASX"Read full newsRead More
Russian billionaire Roman Abramovich sold $551 million worth of shares in mining giant Norilsk Nickel on Tuesday during an accelerated bookbuilding deal (ABB), the deal's arranger VTB Capital said.The shares, accounting for a 1.7 percent stake in the world's largest palladium producer, were bought predominantly by British-based investors, with Russian investors also buying a third of the shares, D...Read More
Can mining be green?That's certainly the ambition of some of the biggest companies in the sector. Rio Tinto Group last year became the first major miner to stop digging up coal altogether. Glencore Plc, historically one of the commodity's most vocal boosters, has promised to cap production at current levels."We have a portfolio free of coal and oil and gas," Rio's Chief Executive Officer Jean-Seba...Read More
Eskom Holdings SOC Ltd.'s biggest union threatened a week-long shutdown at the South African power utility ahead of national elections in May in the latest sign of tensions between President Cyril Ramaphosa and organized labor.The National Union of Mineworkers opposes the government's plans to split Eskom into generation, transmission and distribution units, it said in a statement. The labor group...Read More
Roman Abramovich's sale of a stake in Russia's biggest mining company shows investor appetite for the country's assets is returning.Crispian Investments Ltd., a company controlled by Chelsea Football Club owner Abramovich and his partners, increased the size of the offering in MMC Norilsk Nickel PJSC to 1.7 percent from the originally envisaged 1.25 percent because of the strength of demand. The s...Read More
Six foreign-controlled miners operating in Indonesia, including PT Vale Indonesia and a unit of Australia's Newcrest Mining, intend to divest some of their shares "in the near future" to meet regulations, an Indonesian official said.According to Indonesian mining rules, foreign-controlled miners are required to gradually start reducing ownership after five years of production. Within 10 years, for...Read More
Northern Dynasty Minerals (TSX:NDM) has entered into a bought deal financing with Cantor Fitzgerald Canada to raise $10 million that will allow the miner to further advance its Pebble copper-gold-silver project in Alaska.The deal prices the company's shares at 64 Canadian cents, a 13.5% discount to the stock's price before the financing was announced.The Canadian miner has also granted the underwr...Read More
One of Australia's largest high-grade nickel producers, Western Areas (ASX: WSA), reported a significant increase in inbound off-take inquiries for nickel sulphide concentrate post current contract periods.According to the company's Managing Director, Dan Lougher, this new trend is primarily linked to the accelerating electric vehicle battery sector.Addressing the second day of the Paydirt 2019 Ba...Read More
White Metal Resources (TSXV: WHM) announced this week that it signed an agreement to acquire a 100% interest in the Seagull Lake palladium-platinum property from its partners Rainy Mountain Royalty and Canadian International Pharma Corp.Seagull Lake is located approximately 90 kilometres north-northeast of Thunder Bay, Ontario, Canada, and consists of 133 claim cells totalling approximately 2128 h...Read More
Shares in Africa-focused Gem Diamonds (LON:GEMD) took a hit on Wednesday as the miner disappointed investors by withholding its full-year dividend, citing uncertainty about the global diamond industry as one of the main reasons.The London-listed miner, which reported a sharp increase in annual profit thanks to record recoveries of large diamonds, said it had decided to strengthen its balance shee...Read More
"Why mining investors need to pay attention to electric vehicle sales, three Canadian stocks Barclays likes, and the decade of TSX bank dominance /via @globeandmail https://t.co/T7vHNNIbMR"Read full newsRead More
"Why mining investors need to pay attention to electric vehicle sales, three Canadian stocks Barclays likes, and the decade of TSX bank dominance /via @globeandmail https://t.co/T7vHNNIbMR"Read full newsRead More