MOSCOW, May 7 (Reuters) - Rosneft Chief Executive Igor Sechin said on Monday he welcomed Qatar as a direct shareholder in Rosneft, as the Qatari sovereign investment fund prepared to become the sole owner of a major stake in the Russian energy company."The consortium presented by Qatar and Glencore was already a shareholder and now they have decided upon direct ownership (by Qatar)... We welcome t...Read More
MOSCOW, May 7 (Reuters) - Rosneft Chief Executive Igor Sechin said on Monday he welcomed Qatar as a direct shareholder in Rosneft, as the Qatari sovereign investment fund prepared to become the sole owner of a major stake in the Russian energy company."The consortium presented by Qatar and Glencore was already a shareholder and now they have decided upon direct ownership (by Qatar)... We welcome t...Read More
Demonstrators have blockaded roads in Ethiopia's unruly Oromia region pressing the government to revoke the renewal of a mining licence for a company owned by Saudi billionaire Mohammed al-Amoudi because of alleged pollution and health risks to locals.Protesters have blockaded local roads since April 30, preventing people from going to work and forcing schools to cancel classes, and have said they...Read More
LUSAKA, May 7 (Reuters) - Zambia concluded audits of mining companies that prompted the nation to slap Canadian miner First Quantum Minerals with a tax bill of over 76.5 billion Zambian kwacha ($8 billion), its revenue authority said on Monday.First Quantum, which owns two copper mines in Zambia, said in March that Zambia's tax agency had demanded the taxes, saying they were on import duties, pena...Read More
Photo: Agreement signing attended by (from left) Ivanplats Managing Director Dr. Patricia Makhesha (standing); Ivanhoe Chief Financial Officer Marna Cloete (seated); Municipal Technical Director William Nkuna; Acting Municipal Manager Marcus Mthombeni; and Mogalakwena Mayor Andrina Matsemela. (Image from Ivanhoe Mines Ltd.)MOKOPANE, South Africa, May 07, 2018 (GLOBE NEWSWIRE) - Robert Friedland,...Read More
Rescue teams have yet to reach three miners who were trapped underground after an earth tremor at a Sibanye Gold Ltd. mine in South Africa triggered a cave-in that killed at least four people.Read full newsRead More
A mining company in South Africa says four workers have died and two others are missing after an earth tremor caused a rockfall at a gold mine.Read full newsRead More
1. Tesla's financials are horrible and worsening even BEFORE massive competition begins arriving later this year; 2. Tesla has no "moat" of any kind; 3.. A "bet on Elon" is a bet on someone who can't be trusted.Read 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
Obtaining mineral rights is easy through America's antiquated system. Doing anything with them is hard.Read full newsRead More
BULLHEAD CITY - Northern Vertex Mining Corporation announced Thursday the completion of five gold shipments from the Moss Mine.Read full newsRead More
A mining company in South Africa says seven workers died and six were rescued after an earth tremor caused a rock fall at a gold mine. The Sibanye-Stillwater company said Saturday that 13 miners had been trapped at the Masakhane mine in Driefontein after the 2.2-magnitude quake on Thursday....Read full newsRead More
Learn more about this industry and why, for most investors, it's a better option than bullion or mining companies.Read full newsRead More
Sichuan Yahua Industrial Group, one of China's largest lithium hydroxide and carbonate producers, is injecting further funds into emerging Australian lithium producer Core Exploration (ASX:CXO) as Chinese companies continue to aggressively try securing supply of the key ingredient needed for making the batteries that power electric cars.Through its subsidiary Yahua International, Sichuan has give...Read More
A mining company in South Africa says four workers have died and two others are missing after an earth tremor caused a rockfall at a gold mine.Read full newsRead More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index maintained its recent trend of grinding sideways, though after a dip to its 20-day moving average at 1277, it bounced as high as 1293.52 intraday and finished the week up 8 points at 1291.64.RSI rose 2.2 points to 62, nominally breaking the 60-point barrier that has...Read More
When investors think of gold companies, Goldcorp Inc. (TSX:G)(NYSE:GG) is typically one of the first companies to come to mind. As one of the largest miners of the yellow metal globally, Goldcorp is often viewed as somewhat representative of the commodity price of gold, with investor focus primarily centered on the size and scale of Goldcorp's operations as key to making a long-term bet in the...Read More
This analysis is an excerpt from the opening market commentary in my April 19th issue of the Mining Stock Journal.I was looking at some charts with a colleague two weeks ago and was startled to discover that a very quiet bull move has begun in the miners. Like the move that began in late 2015, it seems that some of the junior miners per GDXJ have gotten the party going. As you can see in the chart...Read More
Anthony Milewski, Chairman and CEO of Cobalt 27 Capital, at the company's cobalt warehouse in Rotterdam, the Netherlands. Photo courtesy Cobalt 27 Capital Corp.Cobalt 27 Capital Corp. [KBLT-TSXV, 270-FSE], owner of the world's largest stockpile of cobalt, said Monday May 7 that it has agreed to acquire a 1.5% gross revenue royalty on the Flemington cobalt-scandium-nickel project.The project is loc...Read More
CALGARY - Toronto-based miner Sherritt International Corp. says it has developed a partial upgrading technology for the oilsands that could qualify for a $1-billion incentive program recently announced by the Alberta government.CEO David Pathe says the company has completed successful laboratory testing of the process at its facility in Fort Saskatchewan, Alta., and is now looking for an industr...Read More