LONDON, Sept 18 (Reuters) - Precious metals producer Sibanye-Stillwater said on Tuesday it remained fully committed to a takeover of platinum miner Lonmin after South Africa's competition watchdog imposed conditions on the deal. Given the positive recommendation by the commission it mostly looks like a done deal.On Monday, the competition watchdog gave the green light to the all-share tr...Read More
Mr. Peter Tallman reportsKLONDIKE GOLD LONE STAR ZONE ASSAYS 1.08 G/T AU OVER 38.4 METERS AND 0.69 G/T AU OVER 79.45 METERS Klondike Gold Corp. has released assays from another six drill holes at the Lone Star zone, part of a systematic evaluation designed to map the geometry of mineralization across the central one-kilometre portion of the zone, at the company's wholly owned Klondike District pro...Read More
"Why Lena Gold-Mining Public Joint Stock Company Lenzoloto's (MCX:LNZL) ROE Of 3.3% Does Not Tell The Whole Story https://t.co/8x7wd8chXz"Read full newsRead More
Volkswagen has announced a major push to manufacture millions of reasonably-priced, all-electric cars.Read full newsRead More
Major dangles more investment if the government cuts corporate taxesRead full newsRead More
GUATEMALA CITY, Sept 17 (Reuters) - The Guatemalan unit of U.S. miner Tahoe Resources Inc laid off an additional 169 workers on Monday, two weeks after the country's top court kept in place a more than 14-month suspension of operations at the company's Escobal silver mine.The layoffs at Minera San Rafael, Tahoe's local unit, now total 872 employees since the company's property was forced to halt o...Read More
(Bloomberg) - Metallon Corp. is considering paying mining-equipment suppliers in gold because a cash shortage in Zimbabwe is hampering its plan to expand output, Chief Executive Officer Mzi Khumalo said.Zimbabwe, which abandoned its own currency in 2009 because of hyperinflation, has faced cash shortages for at least the past two years as businesses and individuals moved money offshore and the imp...Read More
(Bloomberg) - Rising U.S.- China trade tensions threaten to curb consumer purchasing power, crimp productivity growth and limit global economic expansion, according to the world's biggest mining company.The confrontation between the world's top two economies, "along with an increasingly unpredictable policy formation process" in some nations, serves to reduce consumer confidence and business certa...Read More
Mr. Derek White reportsDRILLING AT ASCOT'S PREMIER PROPERTY EXTENDS GOLD MINERALIZATION 150 METRES WEST TOWARDS UNDERGROUND PORTALDrilling to the west of the 602 and 609 zones at Ascot Resources Ltd.'s Premier property has extended mineralization 150 metres from the resource area (see news release of May 10, 2018). Drilling at Big Missouri continues to add high-grade gold intercepts. Highlights o...Read More
Mr. Jeffrey Pontius reportsCORVUS GOLD ANNOUNCES MAIDEN RESOURCE FOR MOTHER LODE DEPOSIT, NEVADACorvus Gold Inc. has released maiden mineral resource estimations incorporating all drill results from the phase 1 and 2 drill programs at its 100-per-cent-owned Mother Lode project (MLP).This initial mineral resource remains open in several directions and Corvus is currently engaged in its phase 3 dril...Read More
Mr. Murray Payne reportsDYNACERT ANNOUNCES BROKERED PRIVATE PLACEMENT DynaCERT Inc. has signed an engagement letter with PI Financial Corp., whereby PI Financial will act as lead agent on its own behalf and, if applicable, on behalf of a syndicate of agents for a private placement offering of up to $3-million of units on a best efforts basis, subject to certain conditions stipulated in the engagem...Read More
World's largest miner BHP Billiton (ASX, NYSE:BHP) (LON:BLT) is rolling out the second phase of a $10 million rebranding campaign launched last year, which may see it become dropping "Billiton" from its name an attempt to emphasize its Australian roots.Documents released Tuesday to the Australian Securities Exchange, show the miner will ask shareholders at the annual meeting in October to vote...Read More
Canada's Eldorado Gold (TSX:ELD)(NYSE:EGO) long-dragged issues in Greece, where the miner has been trying to advance two major gold projects for years, are about to grow as the company is asking the government for ?,?750 million (about $877m) in compensation for damages.The Vancouver-based firm said its application for payment is a non-judicial request, which does not initiate legal proceedings....Read More
Canada's Eldorado Gold (TSX:ELD)(NYSE:EGO) long-dragged issues in Greece, where the miner has been trying to advance two major gold projects for years, are about to grow as the company is asking the government for ?,?750 million (about $877m) in compensation for damages.The Vancouver-based firm said its application for payment is a non-judicial request, which does not initiate legal proceedings....Read More
Lithoquest Diamonds (TSXV: LDI; US-OTC: CWVWF) hit undiscovered kimberlite mid-year with the first hole at the company's 1804 target on its North Kimberley diamond project in Western Australia. It was the first kimberlite discovery in the area in 20 years. The company was drilling as part of its first fully fledged exploration campaign at North Kimberly. It drilled five targets during the program,...Read More
Cheap mining stocks are an investor's paradise at the moment, with some great quality Canadian assets changing hands at heavily discounted prices. I've gone through some of the best value stocks out there in terms of quality to bring you this triple-whammy of metal and mineral picks. There are some dividends on offer, some growth, and also some good diversification. Let's see which of the three st...Read More
Eldorado Gold's Skouries Project in Greece. Source: Eldorado Gold Corp.Eldorado Gold Corp. [ELD-TSX; EGO-NYSE] said Tuesday September 18 it is seeking $1.13 billion in damages arising from delays in the issuance of permits for its Skouries Project in Greece. That amount includes damages for out of pocket costs and loss of profits, the company said.Eldorado said the application is a non-judicial re...Read More
Cross-section of the Namdini gold project in Ghana showing proposed open pits. Source: Cardinal Resources Ltd.Cardinal Resources Ltd. [CDV-TSX, ASX; OTC-CRDNF] on Tuesday September 18 released the results of a Preliminary Feasibility Study (PFS) for its Namdini gold project in Ghana, West Africa.The PFS study offers confirmation that Namdini is one of Ghana and Africa's most promising undeveloped...Read More
VANCOUVER - Eldorado Gold Corp. is seeking $1.1 billion from the Greek government for damages it says it suffered due to permit delays related to its Skouries project.The company says the application is a non-judicial request for payment and does not initiate legal proceedings.Eldorado chief executive George Burns called it a "good-faith attempt" to resolve the matter with the Greek government.Th...Read More
Don't look now, but the Federal Reserve is raising interest rates.This is bad because the world is swimming in debt. The U.S. federal government is some $21 trillion in debt, and it's growing at close to a trillion a year. There is student debt, housing debt, credit card debt... but perhaps most important, there is corporate debt. In fact, it has never been as high as it is right now in terms of...Read More