(Bloomberg) - Glencore Plc will buy back as much as $1 billion of its shares, a move that may soothe investor concerns after the world's top commodity trader was hit by a U.S. Department of Justice probe earlier this week.The buyback program will start Thursday and last through year-end, the Swiss miner and trader said in a statement. Glencore shares rose as much as 4.7 percent, the most since Apr...Read More
Operations at Manaila mine in Romania also turned aroundRead full newsRead More
"As of today, Cal/OSHA has 3 investigations ongoing at Tesla" a spokesman for the state told reporters at Jalopnik.Read full newsRead More
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One of Brazil's richest men, Eike Batista, has received a 30-year prison sentence for bribes given to the former governor of Rio de Janeiro...Read full newsRead More
Algold Resources Ltd. (TSXV:ALG) (the "Corporation") today announced that it has filed a technical report entitled Technical Report for the Preliminary Economic Assessment of the Tijirit Project in Mauritania (the "Report") dated July 4, 2018.Read full newsRead More
(Bloomberg) - Iron ore's starting to buckle after a series of warnings that prices are set to drop amid rising global supply, and as investors fret about the potential impact of escalating trade tensions between the U.S. and China.Lower prices reduce income for top miners Rio Tinto Group, BHP Billiton Ltd. and Vale SA.Benchmark spot ore eased to $62.50 a ton on Thursday, the lowest since November,...Read More
Goldplay Exploration Ltd. (TSXV: GPLY, OTCQB: GLYXF - theRead full newsRead More
Aben Resources Ltd. (TSXV:ABN, OTCBB:ABNAF, FRA:E2L2) is pleased to provide an exploration update to its shareholders.Read full newsRead More
Mr. Stephen Nano reports MIRASOL OUTLINES 1.4 KM LONG GEOPHYSICAL ANOMALY AT THE RESOLUTION TREND OF THE NICO AG-AU PROJECT, SANTA CRUZ, ARGENTINAMirasol Resources Ltd. has completed this season's exploration at the Resolution trend, one of four high-grade silver-gold prospects at the 100-per-cent-Mirasol-owned Nico project, Santa Cruz province, Argentina. Highlights from the recent Resolution Tre...Read More
(Bloomberg) - Zambia agreed to give First Quantum Minerals Ltd. more time to complete its analysis of what the company might owe the southern African nation after it was slapped with a $7.9 billion tax bill, according to the finance minister.The Vancouver-based company is challenging the assessment from Zambia's revenue agency, which claims First Quantum incorrectly declared imports for one of its...Read More
Benchmark seaborne thermal coal prices jumped to $120.10 per tonne on Thursday, its highest level since November 2012, thanks to tight supply in key Asian export regions. Measured from lows hit end-2015, early 2016 coal used in power generation has gained 140%.Strong consumption in China, despite ongoing efforts by Beijing to reduce reliance on coal for electricity generation, and restocking from...Read More
TOKYO, July 5 (Reuters) - French miner Eramet SA is looking to acquire lithium deposits in Chile, Argentina and Brazil to expand its portfolio into the minerals used in batteries for electric vehicles, its chief executive said on Thursday."Our priority is to develop our existing lithium deposit in Argentina. But we are also looking for other deposits in Chile, Argentina and Brazil," Eramet Chief E...Read More
(Bloomberg) - Renault SA and rival French automaker PSA Group unveiled plans for new electric car-sharing services in Paris just days after Mayor Anne Hidalgo pulled the plug on an operation backed by Bollore SA.The French capital's existing vehicle-sharing plan came under scrutiny in the months leading up to the June canceling of Bollore's Autolib contact.The mayor and Renault Chief Operating Off...Read More
The DFS update has also delivered longer life at the Mali project and increased underground reserves by 38%.Read full newsRead More
Australia's Lucapa Diamond (ASX:LOM) said Thursday production at its 40%-owned prolific Lulo project, in Angola, rose 20% during the June quarter.Production at the mine, which has yielded massive diamonds this year, reached 5,058 carats during the three months to June, up from the 4,203 carats in the previous corresponding period, the company said.The total weight of special stones dug up by Luca...Read More
Australia's Lucapa Diamond (ASX:LOM) said Thursday production at its 40%-owned prolific Lulo project, in Angola, rose 20% during the June quarter.Production at the mine, which has yielded massive diamonds this year, reached 5,058 carats during the three months to June, up from the 4,203 carats in the previous corresponding period, the company said.The total weight of special stones dug up by Luca...Read More
There may also be a gold angle to the electric vehicle revolution, argues the Gold Council in a study that looks at precious metal and various uses in electronics. While lithium, nickel, copper and cobalt have all enjoyed a lift, gold may have a role to play since it offers some circuitry and conductivity advantages over other types of metals.The industry is shifting rapidly towards electrificatio...Read More
Argonaut Gold Inc announced that the Collegiate Tribunal has unanimously ruled to lift the suspension of the explosives permit at the La Colorada mine.Read full newsRead More
Mr. Pascal Hamelin reportsMETANOR INTERSECTS 8.4 G/T AU OVER 5.5 METRES AT MOROY Metanor Resources Inc. has released the drill results from the continuing underground drill campaign at the Moroy zone, including new high-grade results of 8.4 grams per tonne gold over 5.5 metres, 11 g/t Au over four metres and 10.7 g/t Au over 4.4 metres. These new results demonstrate the high-grade continuity to t...Read More