JOHANNESBURG, Nov 5 - AngloGold Ashanti Ltd and its joint venture partner are looking at selling a mine in Mali after failing to reach an agreement with the west African country about an investment project, the company said on Monday.The news came as AngloGold, Africa's biggest gold miner by output, said it expected full-year production to reach the upper end of its guidance range, helping to push...Read More
SEATTLE - As the commercial fishermen who ply salmon-rich, southwestern Alaska pack away their fishing gear for the winter, many are watching anxiously as a controversial mine proposal moves through the federal permitting process.On Tuesday, Alaskans will vote on an initiative that, if passed, would set stricter regulations for proposed infrastructure projects that affect salmon habitats.Advocates...Read More
LOS CEDROS, Ecuador, Nov 5 - Ecuador is facing a lawsuit this week for giving mining companies exploration rights to a protected forest in one of the country's most biodiverse regions without local consultation.Brought by the local Cotacachi government, the lawsuit requests the regional court place an injunction on all mining activity within Los Cedros in the Intag Valley, a lush area of rivers an...Read More
HARARE, Nov 5 - Zimbabwe will announce in two weeks the successful bidders for assets owned by state-owned mining company ZMDC, including gold mines, the mines minister said on Monday, adding more companies would be put on sale at the end of November.Selling struggling state-owned companies, known locally as parastatals, is part of President Emmerson Mnangagwa's wider reforms to cut government exp...Read More
Mr. Darrell Rader reportsMINAURUM DISCOVERS 3 KM-LONG VEIN AT ALAMOS RETURNING UP TO 1995 G/T SILVER AND 2.46% COPPER; PROVIDES DRILLING UPDATEMinaurum Gold Inc. has discovered two new vein zones, the San Jose and the Santa Rosa, through its continuing district-scale reconnaissance program. San Jose returned assays ranging from anomalous up to 1,995 grams per tonne silver, 2.46 per cent copper and...Read More
TORONTO, Nov 5 - If all goes according to plan, Barrick Gold will have fewer mines and workers one year after acquiring Africa-focused Randgold Resources, the Canadian miner's executive chairman said on Monday, as its investors approved the deal.Votes were 99.8 percent in favor of the $6.1 billion, no-premium transaction, Barrick said, confirming a Reuters report. After Randgold's Nov. 7 vote, the...Read More
New forms of government intervention likely to top tax hikes as the key DRC worry for minersRead full newsRead More
Mr. Jeff Chisholm reportsPAN ORIENT ENERGY CORP.: INDONESIA EAST JABUNG PSC UPDATEThe quarry permit that was required in order to commence construction of Pan Orient Energy Corp.'s Anggun-1X exploration well access road has been approved and road construction has commenced. The operator now estimates the Anggun-1X exploration well will commence drilling sometime between March 15 and May 15, 2019.T...Read More
Less than a month after Northern Vertex Mining Corp. signed a US$8.5 million silver stream financing with Maverix Metals, the company has reached a deal with existing shareholder Greenstone Resources for an unsecured working capital facility of up to US$10 million.The mine is expected to produce an average of over 50,000 gold-equivalent ounces a year over the first four years of a ten-year mine li...Read More
Less than a month after Northern Vertex Mining Corp. signed a US$8.5 million silver stream financing with Maverix Metals, the company has reached a deal with existing shareholder Greenstone Resources for an unsecured working capital facility of up to US$10 million.The mine is expected to produce an average of over 50,000 gold-equivalent ounces a year over the first four years of a ten-year mine li...Read More
IAMGOLD is considering two mine plan scenarios at its Sumitomo Metal Mining (TYO: 5713) joint-ventured C??t?(C) gold project in northern Ontario, according to a feasibility study the company recently announced.The base case open pit mine plan outlines a US$795 million after-tax net present value (NPV) at a 5% discount rate and a 15.2% after-tax internal rate of return (IRR). The second scenario, c...Read More
LONDON, Nov 5 - The cost of building a copper or gold mine is likely to be cheaper than buying an existing one, dampening the prospect of big merger activity in the mining sector, S&P Global Market Intelligence said, citing in-house research.Data shared with Reuters support comments from major miners, including BHP and Rio Tinto , which say their strategy is to build or to "smart buy", if they can...Read More
"Die ultra-expansive Geldpolitik der #Notenbanken neigt sich in 2018 vorerst zu Ende. Es laufen bereits die Wetten, wie lange der Markt ohne gro??e Liquidit??tsspritzenRead full newsRead More
"Die ultra-expansive Geldpolitik der Notenbanken neigt sich in 2018 vorerst zu Ende. Es laufen bereits die Wetten, wie lange der Markt ohne gro??e Liquidit??tsspritzenRead full newsRead More
Despite additional easing and a 403.5 billion yuan 1-year maturity MLF operation, yuan is tumbling along with China (and Hong Kong stocks) following an ugly Caixin Composite PMI print (the weakest since June 2016).Read full newsRead More
Spearmint Resources (CSE:SPMT) started operations on its Chibougamau Vanadium Prospects located in Quebec, in the direct vicinity of the vanadium deposit of BlackRock Metal's Ilmenite project and Vanadium One Energy's Mont Sorcier project.Chibougamau is comprised of four separate claim blocks totalling 9,735-acres, near Lac Chibougamau in the northern region of the French-speaking province."As the...Read More
Lara Exploration (TSXV: LRA) and Capstone Mining Corp (TSE: CS) signed a Letter of Intent granting the latter an exclusive option to earn up to a 70% interest in the Lara's Planalto Copper Project.Planalto is a 4,726-hectare property located in the Caraj??s Province of northern Brazi, near Vale's Sossego copper mine and Oz Minerals Antas copper mine. The exploration licenses cover meta-volcano-sed...Read More
Canada's Barrick Gold (TSX, NYSE:ABX), which last month announced it was buying Randgold Resources (LON:RRS) in a $6.1-billion deal, is said to have resumed talks with rival Newmont Mining (NYSE:NEM) aimed at merging their gold operations in Nevada, US."They have been trying to negotiate for years but Newmont couldn't agree with Barrick, now that you have a new management team, it's certain they...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK CIN Index made a final plunge as low as 1108.56 before it embarked on a powerful turnaround. The Index ended the week at 1151.95 with a 1.5% or 17.5-point gain, as world markets rebounded with gusto.For the last couple of weeks, including in last week's blog post "Dives...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata"), is pleased to announce that in preparation for its launch into the United States, it has signed a distribution agreement with Ingram Micro Inc. for its Uniden (R) UV350 in-vehicle 4G/LTE device.Ingram Micro's distribution reach is a key component to Siyata's strategy as they distribute through key...Read More