Increasing consumption will outstrip the mining industry's ability to ramp up supply, resulting in commodity deficits as early as 2024, a new analysis by S&P Global has found.The report, 'The big picture: Metals and Mining,' says that global efforts to decarbonize are driving the rollout of metals-intensive technologies, bringing about near-term challenges in the commodities sector.On the battery...Read More
Engaging in the global critical minerals market means facing up to the huge challenge presented by China, says Neo Performance Materials' (TSX: NEO) CEO and president Constantine Karayannopoulos.Speaking during an exclusive Q&A session at Wednesday's Critical Minerals Summit 2022, held at the National Club in downtown Toronto, Karayannopoulos outlined the task ahead for Western countries and compa...Read More
Canada's Turquoise Hill Resources (TSX: TQR) is indefinitely postponing a shareholders vote on the proposed US$3.3-billion takeover of the company by Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) as Quebec's top securities regulator has stepped in.The Montreal-based miner said the Autorit?(C) des march?(C)s financiers (AMF) is investigating whether a side deal between Rio Tinto and dissident sharehold...Read More
Copper Mountain Mining (TSX: CMMC; ASX: C6C) shares plunged on Wednesday following disappointing results released for the third quarter of 2022, which "clearly did not meet" expectations as described by president and CEO Gil Clausen.Copper Mountain's stock dropped 13.5% by 11:00 a.m. ET to $1.60 a share, the lowest since early October. Year-to-date, the stock is down over 55%, bringing the company...Read More
The World Gold Council (WGC) is urging bullion miners to implement more consistent, systematic planning and wider collaboration, including closer engagement on risks with local communities, to deal with climate-related challenges.In its Gold and climate change: Adaptation and resilience report, the gold industry's leading trade body identifies key physical climate-related vulnerabilities of the...Read More
Less than a year after the federal government approved the takeover of Neo Lithium by China's Zijin Mining without a full national security review under the Canada Investment Act, it has signalled an entirely new approach to Chinese investment in Canada's critical minerals sector. The Minister of Innovation, Science and Industry, Fran??ois-Philippe Champagne and Natural Resources Minister Jonathan...Read More
Canada's Lundin Gold (TSX: LUG) expects to achieve the high-end of its gold production guidance for 2022 as the impact of road blockades in Ecuador earlier this year eased in the third quarter.The Vancouver-based miner, which owns and operates the Fruta del Norte gold-silver mine in Ecuador, said it would meet the upper end of its forecast production of between 430,000 and 460,000 oz. of gold th...Read More
There's a very good chance gold prices have bottomed out - and that's created an incredible opportunity for investors in a tough market.If you haven't been paying attention to gold, that's not surprising. Very few investors have been. Gold has lost much of its luster after failing to respond to rapidly rising inflation in the U.S. and elsewhere.Inflation levels sit at 40-year highs. Yet gold, trad...Read More
Will we see a return to sensible energy policies? Many investors hope that even a partial Republican victory on Election Day 2022 means that the U.S. can return to sensible energy policies.This would mean finishing the Keystone XL pipeline, expanding fracking, issuing new oil and natural gas exploration leases on federal lands, refilling the Strategic Petroleum Reserve and building new refinery ca...Read More
It's the day after. What comes next? Now that the elections are over, the political landscape should be a lot clearer.If only that were true.With some Republican victories in the House of Representatives, the U.S. Senate and governor's races across the country, the U.S. has made just a slight pivot away from progressives and wokeness and toward more traditional approaches to economics, crime and e...Read More
The senior notes will be unsecured and rank equally with Nutrien's existing senior unsecured debt. The offering is expected to close on or about 9 November. Read More
Share this article VANCOUVER - Sama Resources Inc. [SME-TSXV; SAMMF-OTC] reported assay results from five additional drill holes from the 2021/2022 drilling campaign at the Samapleu deposit, Ivory Coast, West Africa.Sama has drilled a total of 85 drill holes totalling 26,787 metres at the Ivory Coast project in 2021/2022, including 45 drill holes totalling 14,893 metres at the Grata prospect and...Read More
Arras Minerals announced its intent to complete a financing at C$0.45/share for gross proceeds of up to C$3 million.Read More
PolarX following up promising results at Nevada gold-silver projectSPONSOREDpolarx limitedSaudi to lead mining super regionSPONSOREDsaudi ministry of industry and mineral resourcesAura picks up the pace on its pathway to uranium production at TirisSPONSOREDaura energy The investment includes mine operating costs and $73 million of capitalised production stripping.Read More
Yamana Gold announced on November 8 that it has entered into an arrangement agreement with Agnico Eagle and Pan American.Read More
"We remain committed, as always, to prudently returning capital to shareholders," said Alpha's chief executive David Stetson on the share buyback program.Read More
Adjusted earnings per share (EPS)of $0.03 met market consensus.Read More
The Kamoa-Kakula project in the Democratic Republic of the Congo has produced at an annualised rate of over 400,000t of floated and filtered copper for the second month in a row.Read More
PolarX following up promising results at Nevada gold-silver projectSPONSOREDpolarx limitedSaudi to lead mining super regionSPONSOREDsaudi ministry of industry and mineral resourcesAura picks up the pace on its pathway to uranium production at TirisSPONSOREDaura energy BHP's shares recently fell to a two-year low when the price of iron ore slipped to US$84.Read More
(IDEX Online) - Lucara has reported a slump in quarterly revenue and profits, blaming a shortage of the high-value specials that account for most of its income.The Canada-based miner said revenue was down 31 per cent year-on-year from $72.7m to $49m and net profits plunged 86 per cent from $12.8m to $1.8m (all figures are US dollars).It sold 99,301 carats in the three months to 30 September 2022,...Read More