Do you think penny stocks are best left to amateur traders who don’t understand that cheap stocks are cheap for a reason? It’s not an entirely unfair assessment. Many of these young (and doomed companies) are the beneficiaries of great sales pitches, but their investors often end up suffering buyer’s remorse.It’s a misnomer, however, to think all penny stocks — let&rs...Read More
Ontario is creating jobs and boosting economic growth and prosperity for Northerners through recent investments from the province's Northern Ontario Heritage Fund Corporation (NOHFC). In 2017-18, the province invested more than $188 million through the NOHFC into more than 950 projects in 145 communities across the North, leveraging more than $964 million in direct economic activity and helping t...Read More
Manufacturers, particularly in the technology and automotive sectors, are under increasing pressure from customers to demonstrate that products are made with responsibly-sourced materials. Transparent supply chains that trace where the materials come from and what practices were used to produce them are expected by shareholders and the public. But unlike similar programs gaining momentum in other...Read More
By David Byers, Interim Chief Executive, Minerals Council of AustraliaThe 2018-19 Budget's economic and fiscal outlook is once again heavily reliant on strong growth in resources exports and a significant contribution by the mining sector to rising government tax receipts.With resources accounting for a record $207 billion in exports in 2017 - more than half Australia's total export earnings - it...Read More
LUBIN, Poland, May 8 (Reuters) - One of the world's biggest copper miners, KGHM Polska Miedz SA, expects this year's consolidated net profit to match or exceed last year's result despite lower capacity, acting Chief Executive Officer Rafal Pawelczak said on Tuesday.Last year group's net profit amounted to 1.57 billion zloty ($434.58 million), but this year the company had to close one of its produ...Read More
OTTAWA, May 8, 2018 /CNW/ - The Mining Association of Canada (MAC) has awarded Vale's Sudbury Operations in Ontario and IAMGOLD's Essakane Gold Mine in Burkina Faso with TSM Excellence Awards for their innovative sustainability projects. The companies were recognized with the awards yesterday at the CIM Awards Gala in Vancouver."We congratulate Vale and IAMGOLD for their outstanding projects. Toge...Read More
TORONTO, May 8, 2018 /CNW/ - The Green Ontario Fund has announced details of the much-anticipated rebate program for solar PV and energy storage installations. This program will provide qualifying businesses $0.75 per watt for solar panel installations up to 500 kW (AC). Commercial and industrial buildings, which account for nearly 25 per cent of the province's greenhouse gas emissions, can now be...Read More
Mr. Jeff Husseyof Osisko Metals reportsOSISKO METALS INTERSECTS 8.45 % ZINC+LEAD OVER 8.25 METRES AT PINE POINTOsisko Metals Inc. has released assay results from 27 shallow drill holes completed in the L27 deposit area. Drill hole EM-18-PP-017 intersected 7.05 per cent zinc and 1.40 per cent lead over 8.25 metres. The L27 deposit is located 3.8 kilometres northeast of L36, which was reported previ...Read More
Royal Dutch Shell (LON:RDSA) is selling its entire stake in Canadian Natural Resources (TSX:CNQ) for about $3.3 billion, as part of a planned exit from Canada's oil sands sector.The Dutch giant, the world's second largest publicly traded oil company, said it would use proceeds of the sale of almost 98 million shares - about 8% of CNR - to pay down debt.Shell obtained its stake in CNR last yea...Read More
China, for its part, has neither confirmed nor denied the existence of the missiles...Read full newsRead More
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Seven miners were killed at Sibanye-Stillwater's Masakhane mine while six others are recovering in hospital after being trapped underground for two days, the company said on Saturday.Read full newsRead More
Companies team up after lack of engagement by Nevsun managementRead full newsRead More
Seven miners were killed at Sibanye-Stillwater's Masakhane mine while six others are recovering in hospital after being trapped underground for two days, the company said on Saturday.Read full newsRead More
Mr. Joe Campbell reportsTERRAX EXTENDS CRESTAURUM ZONE TO 300 METERS VERTICAL DEPTH, DOUBLING SIZE OF KNOWN MINERALIZED STRUCTURETerrax Minerals Inc. has released assay results from the remaining 11 holes drilled at the Yellowknife City gold project this winter.Four of these holes (1,170 metres) were drilled on the high-grade Crestaurum gold-bearing structure to test whether gold mineralization co...Read More
Shares in base metals producer Nevsun Resources (TSX, NYSEMKT:NSU) skyrocketed on Tuesday after the company's board unanimously rejected a Cdn$1.5-billion (about $1.2bn) unsolicited bid from fellow Canadian miners Lundin Mining and Euro Sun Mining.The suitors had disclosed late on Monday the takeover offer for Vancouver-based Nevsun, noting their disappointment for not having been able to reach a...Read More
A legal case to dissolve a Glencore mining subsidiary in the Democratic Republic of Congo has been suspended pending a decision by the Supreme Court, the mining giant said on Tuesday. Congo's state miner Gecamines is seeking to dissolve Kamoto Copper Company (KCC), blaming Glencore for high debts that have weighed on the mine for more than 10 years.The temporary suspension comes after the Supreme...Read More
Protesters in Ethiopia's restive Oromia region demanded the government withdraw a gold-mining permit from a company owned by Saudi billionaire Mohammed al-Amoudi because of alleged pollution.Read full newsRead More
Bitmain's Newest ASIC Can Mine Bitcoin Gold, ZcashRead full newsRead More
Seven miners were killed at Sibanye-Stillwater's Masakhane mine while six others are recovering in hospital after being trapped underground for two days, the company said on Saturday.Read full newsRead More