Impala Platinum Holdings Ltd. said it's open to acquiring low-cost assets as the struggling miner looks beyond a plan to close unprofitable shafts in South Africa.The No. 2 platinum producer, known as Implats, is playing catch-up with larger rival Anglo American Platinum Ltd., which is boosting output and profit after shifting to lower-cost operations. Chief Executive Officer Nicolaas Muller said...Read More
Following a very detailed process, Miramont Resources (CSE: MONT) finally received a drilling permit for its Cerro Hermoso project in southern Peru. The permit was granted after a series of assessments conducted by the Peruvian Ministry of Energy and Mines -known as MEM- to determine if Indigenous groups could be affected by the Canadian miner's activities. "We are very happy to begin our drill pr...Read More
Following a very detailed process, Miramont Resources (CSE: MONT) finally received a drilling permit for its Cerro Hermoso project in southern Peru. The permit was granted after a series of assessments conducted by the Peruvian Ministry of Energy and Mines -known as MEM- to determine if Indigenous groups could be affected by the Canadian miner's activities. "We are very happy to begin our drill pr...Read More
Malaysia has told Lynas Corp (ASX:LYC), the Australian miner a rare earth elements processing plant on the country's east coast, to remove the radioactive waste collected as a result of its activities over the past six years if it wants to continue to operate.Among the conditions set by the country's Energy and Environment Ministry, the miner must also submit an action plan for non-radioactive was...Read More
Malaysia has told Lynas Corp (ASX:LYC), the Australian miner with a rare earth elements processing plant on the country's east coast, to remove the radioactive waste collected as a result of its activities over the past six years if it wants to continue to operate.Among the conditions set by the country's Energy and Environment Ministry, the miner must also submit an action plan for non-radioactiv...Read More
South Africa's DRDGOLD Ltd (JSE, NYSE:DRD) will commission this Thursday the first phase of the Far West Gold Recoveries project (FWGR) in West Rand, one of the assets it exchanged with precious metals producer Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) early this year.The project is a large-scale, long-life surface tailings retreatment that will retreat material with a 35% higher gold content t...Read More
Teck Resources (TSX:TECK.A | TECK.B)(NYSE:TCK), Canada's largest diversified miner, has chosen Japan's Sumitomo as partner to go ahead with a planned $4.8 billion expansion of the Quebrada Blanca copper mine in northern Chile.Sumitomo Metal Mining and Sumitomo Corporation will pay $1.2 billion to Teck for a 30% stake in the Quebrada Blanca Phase 2 project - $800 million earn-in contribution and...Read More
December 4, 2018 The double bottom is the world's most stressful chart pattern. It forms after a significant price decline. The first low in the pattern creates substantial panic and fear in most investors.The second low in the pattern is "softer", but no less dangerous to emotionally vulnerable investors. The volume is generally weak and the price action makes investors feel like they are in so...Read More
Gold has picked up a tailwind in recent trading and that has investors kicking the tires on some of the top stocks in the industry.Let's take a look at Barrick Gold (TSX:ABX) (NYSE:ABX) to see if it deserves to be in your portfolio.Gold marketAt the time of writing gold trades for US$1,239 per ounce. That's the best price since July and pundits are wondering if it could be the start of a rally bac...Read More
As with last Wednesday's investor excitement over suggestions of a looming pause in Fed tightening, the risk is the cheer over a trade-war ceasefire becomes a one-day wonder, Bloomberg noted.US and UK indices had closed higher yesterday while Asian markets were lower in afternoon trade today.Australia's metals and mining stocks on the benchmark S&P/ASX200 were down 0.86% overall but the gold s...Read More
Prime Minister Bruno Tshibala signed the decree, dated November 24, the wire service reported.The change had been flagged earlier this year, with cobalt royalties already increased from 2% to 3.5% under the country's new mining code which came into effect mid-year, despite strong opposition by mining companies including Glencore (LSE: GLEN). The global miner and commodities trader has indicat...Read More
The report, Keep it in the regions: Mining and resources industry support for businesses in regional economies, is the outcome of the Industry, Innovation, Science and Resources Committ...Read More
Premier Rachel Notley of Alberta.Facing a historically large discount, the Alberta government is moving ahead with a mandated reduction in its oil production in a bid to stabilize prices and protect jobs in the province.Beginning on January 1, 2019, Alberta will mandate an across the board reduction of 325,000 barrels per day, or roughly 8.7%.In announcing the measures on a nationwide television b...Read More
Exploration Manager, Bruce Smith, and Chief Geologist, Rodrigo Matias, during the discovery of Amalia. Source: Radius Gold Inc.Radius Gold Inc. [RDU-TSXV; RDUFF-OTC] on Tuesday December 4 announced results from an initial drill program at the Amalia gold-silver project in Chihuahua, Mexico, where Pan American Silver Corp. [PAAS-TSX, NASDAQ] has the option to earn up to a 75% interest.Radius said...Read More
The Quebrada Blanca copper mine in northern Chile. Source: Teck Resources Ltd.Teck Resources Ltd. [TECK.B-TSX; TECK-NYSE] said Tuesday December 4 that it has agreed to sell a 30% stake in its Quebrada Blanca copper mine expansion in northern Chile to Sumitomo of Japan for US$1.2 billion.As a result, Vancouver-based Teck has formally sanctioned the fully permitted US$4.7 billion project for develop...Read More
Share this articleVANCOUVER - Teck Resources Ltd. has sold a 30 per cent stake in its Quebrada Blanca Phase 2 project to Sumitomo Metal Mining Co. Ltd. and Sumitomo Corp. for US$1.2 billion.The Vancouver-based miner also says that its board has approved the project for full construction with first production expected in the second half of 2021.Quebrada Blanca Phase 2 is a massive undeveloped cop...Read More
In the book Hells Angels: A Strange and Terrible Saga by Hunter S. Thompson, he writes about finding the edge on a motorcycle. The edge is that ultimate point where you are pushing yourself and the bike to its limits, on the verge of crashing, but not.The Edge... There is no honest way to explain it because the only people who really know where it is are the ones who have gone over. The others-the...Read More
Inhalable "microbots" under development at Colorado School of Mines could be used to help treat cystic fibrosis, a chronic and progressive genetic disease that causes severe damage to the lungs and other organs.David Marr, professor of chemical and biological engineering, and Keith Neeves, associate professor of chemical and biological engineering, have been awarded $418,000 from the National Inst...Read More
Since the beginning of the Twentieth Century, a healthy mineral exploration industry has been the major driving force that has uncovered northern Manitoba's economic mineral deposits to the benefit of all Canadians.Multiple cities and communities were established in Manitoba due to these exploration and mining successes, including Flin Flon, Thompson, Snow Lake and Bissett.In the 1990s, the Manito...Read More
Spanish Mountain Gold (TSXV: SPA; US-OTC: SPAZF) is infill drilling its flagship Spanish Mountain gold project in British Columbia. The company is targeting near surface areas of the project's First Zone to upgrade from the inferred to the measured and indicated categories.Highlights from the program include 1.76 grams gold over 27 metres from 24 metres downhole and 0.82 gram gold over 67 metres f...Read More