News and Reports

US markets fell during Nov. 28 - Dec. 2 trading week

December 05, 2022 / www.northernminer.com

The Dow Jones Industrial Average fell 404.67 points, or 1.2%, to 33,942.36, and the S&P 500 lost 30.31 points or 0.8%, over the week to 3,995.81.Leading value gainer for the week was Consol Energy, which closed US$6.73 higher at US$75.30. Despite coming down from recent highs, the stock is still rallying over 229% over the 12-month frame as its main product, thermal coal, achieved and remained in...Read More

TSX Venture Exchange ends Nov. 28-Dec. 2 trading week higher

December 05, 2022 / www.northernminer.com

The S&P/TSX Venture Composite Index ended the Nov. 29-Dec. 2 trading session at 599.20 points, up 23.56 points or 4.1% higher.?EUR? Topping the percentage gainers this week was Queensland Gold, which saw a dramatic 288% or 36 ? rise in its shares to 49 ? each. On Nov. 28, the explorer announced an agreement to acquire a 100% interest in the 86-sq.-km Mia lithium property in the James Bay area of...Read More

TSX, mining and metal indices see gains during Nov. 28-Dec. 2 trading week

December 05, 2022 / www.northernminer.com

The markets this week saw the TSX rally to its highest closing level in nearly six months on Dec. 1, buoyed by news that U.S. Federal Reserve Chair Jerome Powell?EUR?could seek smaller interest rate hikes at the Fed's next meeting on Dec. 13-14. The rally faced resistance by week's end as high interest rates continue to worry market participants. The Bank of Canada is expected to raise interest ra...Read More

Glencore pays US$180M to Congo after admitting corruption

December 05, 2022 / www.northernminer.com

Miner and commodities giant Glencore (LSE: GLEN) said on Monday it will pay the government of the Democratic Republic of the Congo US$180 million to settle all alleged corruption claims in the country between 2007 and 2018.The Swiss firm said the latest deal covers all activities that have been the subject of probes by the DRC's National Financial Intelligence Unit and Ministry of Justice, and the...Read More

Sigma Lithium secures US$100M for Brazil mine expansion

December 05, 2022 / www.northernminer.com

Sigma Lithium (TSXV: SGML; NASDAQ: SGML) has secured up to US$100 million from shareholder Synergy Capital to build the initial phase of a US$155-million expansion at its Grota do Cirilo lithium project in Minas Gerais, Brazil.The Vancouver-based miner said the debt-financing deal extends until August 2023, which gives it enough time to ramp up production at Grota do Cirilo, the largest hard rock...Read More

Colombian president calls for mining code reform to favour small-scale 'traditional' operations

December 05, 2022 / www.northernminer.com

Colombian President Gustavo Petro proposed over the weekend a new reform to the country's mining code, which was initially issued in 2001. During a town hall held in the town of Dabeiba, in the northwestern Antioquia department, Petro said that an update is urgent because the current code allows for mining exploration to take place in areas that host important freshwater resources and agricultu...Read More

Antilles stakes Cuban copper potential

December 05, 2022 / www.mining-journal.com

Antilles reported 72.4m grading 0.63% copper from 36.6m in early November which it followed with 134m grading 1.23% copper from 49m depth. When the gold assays returned, it reported 53.Read More

It's a Conspiracy!

December 05, 2022 / dailyreckoning.com

I work hard to avoid promoting conspiracy theories. They're too easy to adopt as explanations for all sorts of strange events and are highly implausible in most cases.They require extreme amounts of intelligence, coordination and competence that, quite frankly, the alleged conspirators simply aren't capable of.Usually, stupidity is a perfectly good explanation especially when it comes to politicia...Read More

Iron ore billionaires go Christmas shopping

December 05, 2022 / www.mining-journal.com

Feasibility Study Imminent at Fission's High-Grade, Low-Cost Uranium Project SPONSOREDfission uraniumGlobal Atomic homes in on Dasa financingSPONSOREDglobal atomic corpBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumUranium revival takes off as reality hits on energy, geopoliticsSPONSOREDMassive cash flows from iron ore have propelled Forrest and Rine...Read More

Used Luxury Watches Prices Fall 6.7% in November

December 04, 2022 / www.idexonline.com

(IDEX Online) - Prices of used Rolex, Patek Philippe, Audemars Piguet and other luxury watches are sliding.They were down 6.7 per cent in November according to the Subdial50 Index, which tracks prices for the 50 most traded luxury watches.Among the biggest losers were the Rolex Oyster Perpetual 41 Reference: 124300, down 10.8 per cent to $8,283 and the Patek Philippe Nautilus Reference: 5712/...Read More

Jewelry Store Founded in 1794 to Close Doors for Last Time

December 04, 2022 / www.idexonline.com

(IDEX Online) - One of Britain's oldest jewelry stores is to finally cease trading, after almost 230 years.Martin Wilkinson Jewellers, in Mansfield, Nottinghamshire, (pictured) will close when owner Andrew Campin retires after 60 years of service.The store, founded in 1794 during the reign of King George III, became renowned for servicing bomber command wrist watches during World War II."With...Read More

Miners in Zimbabwe Now Paying Half Royalties in Diamonds

December 04, 2022 / www.idexonline.com

(IDEX Online) - Diamond miners in Zimbabwe are now paying half their royalties to the government in rough stones, 40 per cent in local currency and 10 per cent in foreign currency.Finance Minister Mthuli Ncube gave details of the new policy last week, saying the government needed to build its national reserve of precious stones and metals, including gold, platinum and lithium.It previously accepte...Read More

Who's Winning the War on Truth?

December 03, 2022 / dailyreckoning.com

I doubt there is another era in the history of Western Civ when the forces in motion acting on society were so mystifying to those acted upon.And isn't it especially galling that this is so in an age after rational scientific practice had decoded so many of nature's secrets? Did that project somehow fail in the end? Has the Enlightenment been defeated? How have we become trapped like frogs being b...Read More

Forte Minerals Appoints New Independent Director

December 02, 2022 / bit.ly

Forte Minerals Corp. (Read full newsRead More

Ximen Mining completes magnetic, lidar surveys at Brett project, British Columbia

December 02, 2022 / www.canadianinvestor.com

Share this article VANCOUVER - Ximen Mining Corp. [XIM-TSXV; XXMMF-OTCQB; 1XMA-FSE] has completed airborne lidar and magnetic surveys at its Brett property near Vernon, southern British Columbia.A total of 54 km2 were covered by magnetic surveys, flown at 50-metre spaced flight lines. The lidar surveys covered a total of 12 km2 and included orthophotos. Data was collected with a Phoenix Ranger li...Read More

N.American execs leave London with M&A off festive...

December 02, 2022 / www.mining-journal.com

Feasibility Study Imminent at Fission's High-Grade, Low-Cost Uranium Project SPONSOREDfission uraniumGlobal Atomic homes in on Dasa financingSPONSOREDglobal atomic corpBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumUranium revival takes off as reality hits on energy, geopoliticsSPONSOREDChief executives from Barrick Gold, Agnico Eagle Mines, Yamana G...Read More

Biden offers Macron tweaks to IRA

December 02, 2022 / www.mining-journal.com

Macron has led European Union (EU) opposition to the IRA, which offers major financial subsidies to firms that invest in critical minerals, electric vehicles, and battery manufacturing on US soil.Read More

US Congress passes law to end rail strike threat

December 02, 2022 / www.mining-journal.com

Feasibility Study Imminent at Fission's High-Grade, Low-Cost Uranium Project SPONSOREDfission uraniumGlobal Atomic homes in on Dasa financingSPONSOREDglobal atomic corpBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumUranium revival takes off as reality hits on energy, geopoliticsSPONSOREDPresident Joe Biden welcomed the move on December 1 and said he...Read More

Zijin to keep investing in lithium despite expected...

December 02, 2022 / www.mining-journal.com

Feasibility Study Imminent at Fission's High-Grade, Low-Cost Uranium Project SPONSOREDfission uraniumGlobal Atomic homes in on Dasa financingSPONSOREDglobal atomic corpBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumUranium revival takes off as reality hits on energy, geopoliticsSPONSOREDA supply surge coming onstream by 2025 is expected to push lithi...Read More

With lithium, what you see might not be what you get...

December 02, 2022 / www.mining-journal.com

Feasibility Study Imminent at Fission's High-Grade, Low-Cost Uranium Project SPONSOREDfission uraniumGlobal Atomic homes in on Dasa financingSPONSOREDglobal atomic corpBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumUranium revival takes off as reality hits on energy, geopoliticsSPONSOREDCredit Suisse, in a detailed examination of the lithium market,...Read More

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