(By Elisabeth Behrmann)(Bloomberg) - The search for cobalt, a key component of the battery-powered auto fleets of the future, has arrived on BMW AG's doorstep with a discovery of an ore deposit not far from the plant where the German manufacturer makes its i3 electric city car.The cobalt find in a forested section of Saxony's Eichigt municipality, Germany's first detection of the metal in modern t...Read More
HIGHLIGHTS:Located in historic Uchi gold mining camp;Strategically close to important infrastructure including road access and electrical power line;Historical surface sampling & shallow drilling on numerous occurrences of cobalt, copper, nickel and platinum group metals ("PGM's");Reported trench samples assayed 0.33% cobalt over 1.5meters and 0.15% cobalt over 7.6meters; andLow cost of entry and...Read More
June 13 (Reuters) - France's ERAMET on Wednesday increased its all-cash offer for Australia's Mineral Deposits Ltd to A$1.75 a share, valuing the company at A$344.7 million ($261 million).ERAMET said it would pay A$322 million for the shares it did not already own in the company.The offer was 19.9 percent higher than ERAMET's last offer of A$1.46 per share, and represented a 51 percent premium to...Read More
June 13 (Reuters) - Industrial explosives maker Incitec Pivot Ltd said on Wednesday its Dyno Nobel business received an explosives' products-and-services contract with units of Fortescue Metals Group.The contract with the two units of the world's fourth-largest iron ore miner will last until December 2023, Incitec said.The contract is expected to partially offset the drop in profit the company had...Read More
Shares in Petra Diamonds (LON:PDL) climbed around 5% on Wednesday after the South African miner said shareholders had approved a rights issue to raise about $170 million to help cut its debt burden.The company has more than $600 million of debt it accumulated by building a new plant and digging deeper at its flagship Cullinan diamond mine.The company, owner of the iconic Cullinan mine, where the...Read More
Mr. Jeffrey Pontius reportsCORVUS GOLD DRILLS 18.3 METRES @ 4.02 G/T GOLD, WEST ZONE STEPOUT HOLE, MOTHER LODE PROJECT, NEVADACorvus Gold Inc. has received further results from its resource expansion drilling program on the western and eastern sides of the Mother Lode deposit. The western expansion zone hole ML18-067 returned 18.3 metres at 4.02 grams per tonne gold, intersecting the main zone in...Read More
Mr. Mike Mutchler reportsAMARILLO ANNOUNCES ASSAY RESULTS AND EXPLORATION UPDATE Amarillo Gold Corp. previously announced on May 23, 2018, that it had commenced a 10,000-metre drill program on its flagship Mara Rosa project. The assay results reported in the table are from four geotechnical holes drilled in 2011, but only now assayed as part of this new campaign. GOLD FIRE ASSAY RESULTS -- GEOTECH...Read More
Two projects on a mining-friendly tropical island are moving forward, one in the final ramp-up to production and one at a very early stage.Read full newsRead More
Barrick Gold may look cheap after its underperformance, but Morgan Stanley prefers Newmont Mining.Read full newsRead More
LONDON, UK / ACCESSWIRE / June 12, 2018 / Active-Investors free stock reports for this morning include these Toronto Exchanges' equities from the Metals & Mining industry: Trevali Mining, Yamana Gold, Kinross Gold, and Eldorado Gold.Today's stocks of interest consist of: Trevali Mining CorporationRead full newsRead More
Several workers who went missing Monday at a Sibanye Gold Ltd. mine in South Africa have been found dead, bringing the number of people killed at the company's operations this year to more than a dozen.Read full newsRead More
Mr. Nav Dhaliwal reports BONTERRA INTERSECTS 44.9 G/T OVER 3.0 M AND EXTENDS MINERALIZATION IN MULTIPLE ZONES AT THE GLADIATOR GOLD DEPOSIT Bonterra Resources Inc. has released the latest drilling results from the continuing resource development program at the Gladiator gold deposit. The drill results included an intersection of 44.9 grams per tonne gold over 3.0 metres, which extended a high-grad...Read More
Southern Copper (NYSE: SCCO) the world's fifth-largest producer of the red metal, expects to kick off operations at its $2.5 billion Michiquillay project in Peru by 2022, three years earlier than what it said in April.The company, which won the public auction for the project in February by offering Peru's government investment agency Proinversi??n $400 million and a 3% royalty rate, said it would...Read More
Chrome producer Tharisa (LON:THS) grew its exposure to Zimbabwe on Wednesday by acquiring a 26.8% stake in Karo Mining Holdings for $4.5 million, gaining access to 23,903 hectares of land in the country Great Dyke, which has a potential for 96 million ounces of platinum and palladium.Land is said to contain the world's largest known platinum group metal (PGM) deposits outside of South Africa.The m...Read More
The options for mining companies battling new legislation in the Democratic Republic of Congo - Africa's biggest copper producer and the source of two-thirds of the world's cobalt - have just about run out.After six months of lobbying, companies including Glencore Plc and Randgold Resources Ltd. have got nowhere in their battle to push back against the mining law, which voids existing agreements a...Read More
There may be a slight problem with the prevailing theme for the iron ore market this year, namely that China is increasingly interested in using higher-grade ore as part of efforts to boost output and lower per unit pollution.While Chinese steel mills may well be seeking to boost the use of high-grade iron ore fines and pellets, this isn't exactly showing up in the import numbers.The overall figur...Read More
Australian tech firm Propeller Aerobotics has raised US$10 million with new backing from VC firm Blackbird Ventures and Sequoia China to continue its international growth. The company, which last year established a base in Denver and is said to be generating more than half its sales in North America, has developed advanced cloud-based drone data analytics software and services for mining and other...Read More
Should you buy overvalued stock? Ordinarily, no, because investors traditionally buy low and sell high. However, it can be worth buying richly priced stock - even richly priced stock with little or no forecast growth - if its sector is set to gain value exponentially.Silver stocks definitely fall into this category right now. If you'd bought silver at the start of the year, then well done, because...Read More
The 1,109-carat Lesedi La Rona diamond, the second largest ever recovered, sold for US$53 million. The Constellation, an 813-carat diamond, sold for a record US$63.1 million. Both of these diamonds were mined by Lucara Diamond Corp. (TSX:LUC).Lucara is among the world's top miners of rare, Type IIA diamonds. In 2017, Lucara's 100%-owned Karowe mine in Botswana produced 521 diamonds with weights g...Read More
Precious metal miner Tahoe Resources Inc.'s (TSX:THO)(NYSE:TAHO) shares crashed to earth with a deafening thud in early July 2017 when its flagship Escobal silver mine was forced to cease operations after its licence was suspended by Guatemala's Supreme Court. Despite the positive spin put forth by Tahoe management that the mine's licence would be reinstated and that it would recommence operations...Read More