Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Machine Learning drives exciting new feature for PitramSPONSOREDmicromineGolden Mile positioned for successSPONSOREDgolden mile resourcesCardinal advances at pace in Ghana SPONSOREDcardinal resourcesRevised Leonora PFS is next for KinSPONSOREDkin miningMining Journal asked Benchmark's senior analyst Any Miller whether this could be construed as the jurisdiction getting serious about its role in th...Read More
* Q4 underlying profit down 85 pct* Brazil restrictions hit profit* Timing on resuming full Alunorte output uncertain* Macroeconomic uncertainty could sap 2019 demandNorwegian metals producer Norsk Hydro warned it would miss its 2019 savings targets after falling far short of fourth-quarter earnings forecasts due to restricted output in Brazil, sending shares down 8 percent to their lowest in two...Read More
* Govt working to unblock giant Simandou iron ore project* Infrastructure cost is considered a major obstacleGuinea stands by its requirement that output from the long-delayed Simandou iron ore project must be exported from a Guinean port, despite the collapse of a deal aimed at jump-starting development, its mines minister said on Wednesday.Simandou is one of the world's biggest iron deposits, co...Read More
* LME has 39 responses to consultation on responsible sourcing* NGOs say LME plan short-sighted and irresponsibleFourteen non-governmental organisations (NGOs) including Amnesty and Global Witness have opposed plans by the London Metal Exchange to ban cobalt tainted by human rights abuses, a letter seen by Reuters showed.Cobalt is a key ingredient in the batteries that power electric vehicles, a f...Read More
Angola's state-owned diamond firm Endiama sees production rising to 13.8 million carats in 2022 compared with 9.5 million carats forecast for this year, a senior official said on Wednesday.Production in 2018 was 9.4 million carats, Endiama's director of geology, Kapingana Mandavela, told an African mining conference.(By Wendell Roelf; Editing by James Macharia)Read More
* Global steel demand see up 0.5-1.0 pct in 2019* Excluding China, sees demand up 2-3 pct* Dividend doubled to $0.20, share buyback of $113 mln* Shares down 3 pct on steel price concernsArcelorMittal, the world's largest steelmaker, forecast on Thursday a moderate expansion in global steel demand in 2019 after a healthy market drove its 2018 earnings to their highest in a decade.But its shares sli...Read More
John C. Plant - Image from ArconicU.S. aluminum products maker Arconic Inc said Chairman John Plant will take on the additional role of chief executive officer on Wednesday, weeks after it rejected a takeover bid by private equity firm Apollo Global Management.Shares of the company, which counts top planemakers Boeing Co and Airbus SE among its customers, were down 1.6 percent at $18.50.Plant will...Read More
The Association for Mineral Exploration's 2019 Roundup conference concluded on Thursday, January 31, wrapping up a week of exciting announcements in support of the industry from the provincial and federal governments. This included the provincial government's decision to make both the Mining Flow-Through Share tax credit and the B.C. Mining Exploration Tax Credit permanent incentives to support in...Read More
Nominations are now open for the 12th annual Mines and Money Asia Outstanding Achievement Awards. Considered to be Asia's most prestigious mining investment awards and a highlight in the Asian mining calendar, the annual event recognizes 'the best of the best' in the Asia Pacific region.Nominated by industry peers these awards are designed to recognize excellence and outstanding achievement over a...Read More
In the first expansion drilling since 2015 on its Grasset deposit in the Abitibi greenstone belt of Quebec, Balmoral Resources has extended the known depth of the nickel, copper, cobalt and PGE deposit by several hundreds of metres.The junior explorer reported this week that Grasset's H1 zone has now been intersected for 1,140 metres along strike and from the bedrock surface to a depth of 775 metr...Read More
Samarco Mineracao SA, the Brazilian mining venture that hasn't operated since a deadly dam collapse in 2015, will seek to reboot talks with creditors after one of its parent companies suffered an even worse disaster at its own site, according to people involved in the discussions.Last month's deadly accident at a Vale SA tailings dam in Minas Gerais state has upended the outlook for Samarco, which...Read More
RSC Mining and Mineral Exploration Services compiles the best drill intersections around the world and then ranks them based on gold equivalent grams per tonne using ruling metal and mineral prices.Year to date Osisko Mining's Windfall gold project in Quebec's Abitibi belt is the runaway winner with Global Atomic Corp's uranium project in Niger coming in second.There are caveats. The Windfall grad...Read More
Brazil's mining agency plans to ban upstream tailings dams used for storing mining waste, a director at the National Mining Agency (ANM) said on Thursday, after such a dam burst last month, likely killing at least 300 people.It was not immediately clear what kind of deadline the dam operators would face to take down or convert the damsEduardo Le??o, a director at ANM, said the agency aims to issue...Read More
SAO PAULO, Feb 6 (Reuters) - Brazilian iron ore miner Vale SA was made aware of problems with sensors designed to monitor the structure of a dam that ended up bursting, killing an estimated 300 people, two days before the disaster, Globo TV reported on Wednesday.Namba also said he felt "pressured" by Vale employees to certify the dam that later burst in Brumadinho was stableAn exchange of emails b...Read More
Brazil's Vale SA, the world's largest iron ore miner, will invest some 1.5 billion reais ($400 million) starting in 2020 to reduce its reliance on tailings dams, it said late on Tuesday, after one dam collapsed last month, likely killing more than 300 people.The dam at the Feijao do Corrego mine burst on Jan. 25 in the town of Brumadinho, in what is possibly Brazil's most deadly mining disaster. R...Read More
The response to the horrendous dam collapse at a mine owned by Brazil's Vale has focused on iron ore prices and how a disaster that will likely claim more than 300 lives occurred, and what must be done to make sure this doesn't happen again.These are valid concerns, but the risk of focusing on the immediate issues is that the much larger problems of the mining industry are once again glossed over....Read More
Windfall gold project in Quebec tops list and Global Atomic Corp's uranium project in Niger comes in second.Read full newsRead More
Q&A with the SolGold CEO on what he has coming at Alpala an the other Ecuador exploration targetsRead full newsRead More
The sheer brazenness of the wrongdoing might come as a shock to investors...Read full newsRead More
Lead prices may get a boost as environmental crackdowns on smelters in China cur...Read full newsRead More