TORONTO - Lundin Mining says it plans to make a restructured $1.4-billion cash offer for Nevsun Resources after a previous attempt fell through.In May, the Toronto-based mining company partnered with Euro Sun Mining Inc. on a roughly $1.5-billion takeover offer that was a combination of cash as well as shares in both Lundin and Euro Sun.Nevsun's board rejected the previous offer because it sai...Read More
I bet you remember this event clearly...On March 24, 1989, the Exxon Valdez oil tanker struck a reef in Prince William Sound, Alaska.The accident let loose nearly 11 million gallons of crude oil into the ocean waters.The spill is considered one of the worst man-made environmental disasters history. And for Exxon, the event was a PR nightmare.Protests erupted around the country as the nightly news...Read More
DiggerLoop is ready to show the world what their Hyperloop pod can do.The Colorado School of Mines Hyperloop team is in California for a week of testing and safety checks at SpaceX headquarters in advance of the 2018 SpaceX Hyperloop Design Competition on July 22.A total of 20 collegiate teams from around the world are vying for the chance to run their futuristic transport pods on the final SpaceX...Read More
Researchers from the Center for Space Resources at Colorado School of Mines were recently featured in a Space.com article about mining the moon for water ice. Mines hosted the 9th joint meeting of the Space Resources Roundtable (SRR) and the Planetary & Terrestrial Mining Sciences Symposium (PTMSS) last month.Angel Abbud-Madrid, director of the Center for Space Resources, and graduate stude...Read More
Back in February 2017, I asked if we were on the verge of another rare earth crisis.Fast forward 17 months later and it appears that the recent trade war between the U.S. and China suggests we may very well already be there.Context is important because history doesn't repeat itself, but it does rhyme.For those of you not familiar with rare earths or the spat in 2010, here's a brief recap.In 2010,...Read More
Noranda was poking around 300 km north of Montreal, Que., in the 1970s when it drilled into what it believed was a skarn deposit grading around 0.5% copper, and walked away because it was too low grade.That ground, now known as the Mitchi project, today belongs to Kintavar Exploration (TSXV: KTR), a junior explorer whose work over the last year has served up some pleasant surprises.Kintavar says i...Read More
The Northern Miner presents the top 10 Canadian-headquartered mining companies by market capitalization, as of early July 2018.NUTRIEN: $46 billion market capNutrien (TSX: NTR; NYSE: NTR) is a new addition to corporate Canada, the result of 2018 merger between Potash Corp. of Saskatchewan - the world's largest potash producer, second largest phosphate producer, and third largest nitrogen produc...Read More
Russia is getting ready to invest US$50 billion in Iran's oil and gas industry as the two countries continue to seek closer ties, just as the United States is looking to cut as much Iranian crude oil exports from the market as possible.Read full newsRead More
China and the CNY are key for the global cycle. If USD/CNY continues higher, it may worsen the global slowdown already predicted by our models...Read full newsRead More
Leaked Chinese military documents purport that the People's Liberation Army will seek to expand its presence across the world in order to defend its Silk Road interests...Read full newsRead More
...but post-Great Recession, parents have given up trying to moderate the cost of their kids' education and started doing the borrowing themselves. They're now taking on the majority of new debts, and the gap is widening dramatically.Read full newsRead More
Elon Musk's latest scandal may just prove to be the one that finally crushes Tesla.Read full newsRead More
The Chilean government asked both workers and management at BHP's (ASX, NYSE:BHP) Escondida copper mine, the world's largest, to put an end to the labour conflict they have been dragging for months now and that needs to be resolved before a 30-month contract expires on July 24.Speaking to local media, Finance Minister Felipe Larra?-n said an agreement must be reached soon to avoid a strike and, th...Read More
The Chilean government asked both workers and management at BHP's (ASX, NYSE:BHP) Escondida copper mine, the world's largest, to put an end to the labour conflict they have been dragging for months now and that needs to be resolved before a 30-month contract expires on July 24.Speaking to local media, Finance Minister Felipe Larra?-n said an agreement must be reached soon to avoid a strike and, th...Read More
In a nearly unprecedented move, Romania changed course on a bid to protect a site containing rare archeological artifacts.Read full newsRead More
Experts across the industry said we could soon hit 'peak gold' - the point at which gold discoveries start to decline as there are no more new resources to discover.Read full newsRead More
Granada Gold Mine announced that it has completed its trenching program at Aukeko property, immediately adjacent to its flagship gold property, the Granada Gold Mine, in the province of Quebec, Canada.Read full newsRead More
Diesel is out and electric is in at Goldcorp's Borden project in Canada. The all-electric strategy could enable huge cost savings if applied across the portfolio.Read full newsRead More
On nights lit by a full moon, thieves leap from trucks onto trains as they roll through Chile's Atacama Desert, before throwing 80-kilo (180-pound) slabs of copper to the ground and disappearing into the dark.It's a tactic known as "the cat" and the robbers are "moles" because no one knows where they come from or where they hide their loot. What's worse for the mines that dot the desert, the robbe...Read More
Africa's richest man, Aliko Dangote, has signed a $650 million loan facility with the African Export-Import Bank (Afreximbank) for his oil refinery project in Nigeria.The seven-year term loan would attract a moratorium of five years, according to facility terms read out during the signing.Cairo-based Africa's trade bank also signed a $750 million facility with Nigeria's development bank, the Bank...Read More