The difference lies in the quality of coal mined by the two companies. BHP is a specialist in the production of high-quality metallurgical (or coking) coal used to make steel.Read More
(IDEX Online) - Men are much more likely to be splashing the cash this Valentine's Day than women.Almost three quarters (74 per cent) of men said they'd splash out over $300 on a jewelry gift, compared with only 29 per cent of women.Overall, just over half (56 per cent) said they'd spend over $300, according to a survey of 18 to 70-year-olds by the MVEye market research company.Neck...Read More
(IDEX Online) - Russia says it is planning to help legalize alluvial diamond exports in the Central African Republic (CAR), the world's fifth poorest country.Alexander Bikantov, Russia's ambassador to (CAR) told the state-run Sputnik news agency that "revenues from diamond sales would allow Bangui (the country's capital) to solve the existing set of social and financial problems."CA...Read More
(IDEX Online) - Boxing legend Floyd "Money" Mayweather has been showing off his latest purchase - a white gold chain weighing 2.7kg (5lbs 12 oz).It's encrusted with 8,500 diamonds (300tcw), cost $1m and was made to order by US celebrity jeweler Johnny Dang.Undefeated Mayweather, 45, is coming out of retirement for an exhibition fight against Brit Aaron Chalmers in London on 25 February....Read More
There is little not to love about the figures released on Valentine's Day. The mineral resource estimate has increased to 1.62 million ounces gold equivalent, represented by 1.3Moz gold and 59,000 tonnes of copper at a grade of 2.6 grams per tonne (gold equivalent). The underground gold equivalent grade is 5.2gpt. Paul Bennett, managing director, Medallion Metals About 60% of the gold, or 790,000...Read More
Asante targets 400,000oz in 2023SPONSOREDasante gold corporationApollo sees stars align at CalicoSPONSOREDapollo silverExcellon CEO hails 'transformational' La Negra acquisitionSPONSOREDexcellon resourcesSaudi builds foundation for world-leading mining sectorSPONSOREDsaudi ministry of industry and mineral resources"Grasberg operations have been temporarily disrupted because of significant...Read More
A 2021 feasibility study update on Goose outlined a 15-year life-of-mine, producing an average of 223,000ozpa of gold.Read More
China has fallen victim to what economists call the middle-income trap. Economists consider a low-income country to have around $5,000 annual income per capita. Middle-income countries have between $8,000 and $15,000 annual income per capita. High-income countries begin at around $20,000 annual income per capita.China's per capita annual income is $12,970 - solidly in the middle income category. B...Read More
I'm currently exploring Antarctica, faraway from all the world's turmoil. My expedition just doesn't want to end up like the people on the Titanic! This iceberg was a bit too close for comfort: But this isn't a travelogue and you want to know what's happening in the fields of finance, economics, politics, geopolitics and more. So let's dig in...I've been writing a lot lately...Read More
The Toronto-quoted equity of explorer ATAC Resources (TSXV: ATC) jumped about 38.5% on Monday following the weekend announcement by Victoria Gold (TSX: VGCX) of a takeover bid at an 85% premium.While the all-scrip deal values ATAC at 12 ? per share, implying a value of $25 million, ATAC's board has rejected the unsolicited offer, prompting Victoria on Monday to extend the offer to Feb. 17 to give...Read More
Unrealistic expectations for the energy transition could undermine the bullish demand scenarios currently accepted as the norm as the energy transition unfolds, Capitalight Research MD Tom Brady says.For example, global automotive market sales are expected to more than double to nearly 125 million by 2030, with 'base case' scenarios pointing to 35% PEVs in the mix. By 2050, most scenarios have the...Read More
Kinross Gold (TSX: K; NYSE: KGC) says the first mineral resource for its billion-dollar Great Bear project in northwest Ontario shows potential to be a world class asset. The open-pit indicated mineral resource shows 33.1 million tonnes grading 2.6 grams gold per tonne for 2.7 million oz. contained metal, Kinross said Monday in a news release. The total open-pit and underground inferred resourc...Read More
Stephen Desposito, founder and CEO of Regeneration discusses his company's work helping placer miners in Yukon and Alaska re-mine gold from old tailings, restoring habitat and selling the gold to corporate customers. Desposito spoke with Northern Miner staff reporter Henry Lazenby at AME in January.Read More
Our TNM Drill Down features highlights of the top gold assays of the past week. Drill holes are ranked by gold grade x width, as identified by our sister company Mining Intelligence.This week's best drill assays come from Australia and Canada. Red 5 (ASX: RED) announced on Feb. 7 that hole KHRD0868 at the King of the Hills project had returned 50.5 metres grading 15.9 grams gold per tonne from 14...Read More
During the Feb. 6-10 trading week, the Dow Jones Industrial Average fell 56.7 points or 0.17% to 33,869.3 and the S&P 500 fell 46 points or 1% to 4,090.5.Among this week's top-traded stocks was major Barrick Gold, which saw at least 31 million shares change hands by market close on Friday. The company's equity added US62 ? to end the trading week at US$23.94. The company made headlines this week a...Read More
The S&P/TSX Venture Composite Index retreated by 6.7 points or 1.1% over the Feb 6-10 trading session, ending the week at 613.42.Callinex Mines was the week's top value gainer, adding 71 ? per share to close at $3.35 apiece on Friday. On Feb. 6, the company announced it had appointed former Hudbay Minerals CEO Peter Jones to its technical team. Jones is credited for playing a pivotal role in devel...Read More
Over the Feb. 6-10 trading period, the S&P/TSX Composite Index rose by 146.22 points or 0.7% to 20,758.34. The S&P/TSX Global Mining Index gained 3.34 points or 2.9% to 116.22 and the S&P/TSX Global Base Metals Index ended 10 points or 4.9% higher at 202.37. The S&P/TSX Global Gold Index gained 9.47 points or 3.3% to 290.92 and spot gold ended the week flat at 1864.82 per oz., down just US93 ?. T...Read More
Vulcan Energy Resources (ASX: VUL), one of the very few lithium miners in Europe, said on Monday it plans extract enough lithium to supply up to 500,000 electric vehicles (EVs) a year to help the local industry transition from combustion engine to battery power.The Australian miner now aims to produce 24,000 tonnes of lithium hydroxide monohydrate (LHM) per year by 2027, according to the definiti...Read More
Simon Ridgway, founder and CEO of Rackla Metals discusses plans to drill this summer at the Astro target inside the highly prospective Tombstone Gold Belt that spreads through the Yukon and Northwest Territories. Ridgway spoke with Northern Miner staff reporter Henry Lazenby at VRIC in January.Read More
Canada's B2Gold (TSX: BTO; NYSE: BTG) is buying fellow precious metals miner Sabina Gold & Silver (TSX: SBB; US-OTC: SGSVF) in an all-stock deal worth $1.1 billion (US$824 million).The transaction hands B2Gold the Back River Gold district property in Nunavut, which holds multiple high-potential mineralized zones poised to boost the Vancouver-based gold giant's reserves.The most advanced project in...Read More