News and Reports

New investment marketing model needed

October 27, 2022 / www.mining-journal.com

Cerrado eyes feasibility study for Brazil assetSPONSOREDcerrado goldTENDER FOR THE EXPLOITATION OF THE BAUXITE BLOCK OF SANTOU (TELIMELE), GUINEASPONSOREDcenter for mining promotion and development (cpdm)OREN driving tailings facility operators to be proactive in managing riskSPONSOREDorenExcitement as Alma Metals raises funds for more copper exploration SPONSOREDalma metalsEvery presentation by p...Read More

GIA Joins WJI2030 Movement for Change

October 27, 2022 / www.idexonline.com

(IDEX Online) - The GIA has joined the Watch & Jewellery Initiative 2030 (WJI 2030), founded last October as a movement for positive change in the industry.It said the move was an extension of its commitment to a more sustainable future for the world, our industry and for the Gemological Institute of America (GIA).The Geneva-based WJI 2030, established by Cartier and Kering, focuses on buildin...Read More

Two Landmark Pinks to be Sold Within a Week

October 27, 2022 / www.idexonline.com

(IDEX Online) - Two landmark pink diamonds are to be sold within a week.Christie's Geneva today announced details of the forthcoming sale of the 18.18-ct Fortune Pink, the largest pear-shaped fancy vivid pink diamond ever to be auctioned.It will be offered for sale on 8 November with an estimate of CHF25m to CHF35m (just over $25m to $35m).Then, separately, on 15 November, Angola's state...Read More

Newcrest confirms death of contractor at Brucejack...

October 27, 2022 / www.mining-journal.com

Cerrado eyes feasibility study for Brazil assetSPONSOREDcerrado goldTENDER FOR THE EXPLOITATION OF THE BAUXITE BLOCK OF SANTOU (TELIMELE), GUINEASPONSOREDcenter for mining promotion and development (cpdm)OREN driving tailings facility operators to be proactive in managing riskSPONSOREDorenExcitement as Alma Metals raises funds for more copper exploration SPONSOREDalma metalsAn employee of contract...Read More

Anglo American shares fall on mixed production results

October 27, 2022 / www.mining-journal.com

"We do continue to feel the effects of dislocations in the global economy on our business - in energy and across supply chains and labour markets - and are planning accordingly for 2023, confident inRead More

Freeport-McMoRan said to eye Arizona copper smelter

October 27, 2022 / www.mining-journal.com

FCX executives had recently visited Ascaro's Hayden site to appraise the operation, Bloomberg quoted unnamed people familiar with the matter as saying.Read More

Canada's Teck hit by 14% costs spike, copper price

October 27, 2022 / www.mining-journal.com

The firm also warned of lower than expected copper production at its flagship Quebrada Blanca Phase 2 (QB2) copper development in northern Chile and higher capital expenditure.Read More

Lundin Mining's Q3 misses estimates; guidance upheld

October 27, 2022 / www.mining-journal.com

"Despite persistent inflationary conditions, Lundin Mining generated adjusted EBITDA of over US$200 million and $180 million of adjusted operating cash flow, demonstrating the quality of our portfolioRead More

The Recession's Over - Or Is It?

October 27, 2022 / dailyreckoning.com

We learn today that the gross domestic product increased 2.6% in the year's third quarter. Reports CNBC:The U.S. economy posted its first period of positive growth for 2022 in the third quarter, at least temporarily easing recession fears, the Bureau of Economic Analysis reported Thursday.GDP, a sum of all the goods and services produced from July through September, increased at a 2.6% annualized...Read More

Cameco reports Q3 uranium contracting gains, touts scooping Russian market share

October 27, 2022 / www.northernminer.com

Canadian uranium major Cameco (TSX: CCO; NYSE: CCJ) has narrowed its September-quarter loss, citing building momentum in long-term contracting by power utilities amid concern about global energy security and the rising acceptance of nuclear power to reduce carbon emissions.Cameco's CEO, Tim Gitzel, told a post-earnings release analyst call it had advanced contracting discussions for about 27 milli...Read More

Core and Tesla scrub lithium deal as spodumene ore prices soar

October 27, 2022 / www.northernminer.com

Core Lithium (ASX: CXO) shares fell on Thursday after the miner and Tesla couldn't secure a supply deal for battery-metal ore, but the power may reside with the producer over the automaker. The companies were trying to hammer out a four-year contract for Core to deliver about 100,000 tonnes of spodumene concentrate from its Finniss mine near Darwin on Australia's north coast. The negotiation dead...Read More

Commerce's Ashram rare earth sample signals Quebec project's global green metal ambition

October 27, 2022 / www.northernminer.com

Commerce Resources (TSXV: CCE ; US-OTC: CMRZF) has produced its largest rare earth oxides sample yet from its Ashram project in northern Quebec as it develops what it calls the biggest deposit in North America for building electric vehicle magnets.Ashram, located about 1,300 km north of Montreal, produced 1.2 kg of mixed rare earth carbonate concentrate graded at about 52% total rare earth oxides...Read More

Ivanhoe awarded new exploration rights next to Platreef project on South Africa's Bushveld Complex

October 27, 2022 / www.northernminer.com

Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) has been granted three new highly prospective exploration rights covering a total surface area of 80 sq. km adjacent to the company's Platreef project in Limpopo province, South Africa.The new exploration rights form a continuous block situated on the southwest border of Ivanhoe's existing Platreef mining rights at Turfspruit and Macalacaskop, which together...Read More

Osino releases first resource for Ondundu project in Namibia

October 27, 2022 / www.northernminer.com

Osino Resources (TSXV: OSI; US-OTC: OSIIF) has outlined the first resource estimate for its Ondundu gold project in Namibia, about 130 km from its flagship Twin Hills project and 270 km northwest of the city of Windhoek.The 10,387 hectare and 100%-owned project, which it acquired from B2Gold (TSX: BTO; NYSE-AM: BTG) in July 2021, is situated in the northern zone of the Damara Orogen, about 15 km n...Read More

Teck exits oilsands with $1B sale of Fort Hills stake to Suncor

October 27, 2022 / www.northernminer.com

Teck Resources (TSX: TECK.A | TECK.B; NYSE: TECK), Canada's largest diversified miner, is exiting the oilsands business with the sale of its 21.3% stake in the Fort Hills project to Suncor Energy (TSX: SU; NYSE: SU) for $1 billion (about US$737.2 million).The all-cash deal, effective Nov. 1, will boost Suncor's aggregate share in the oilsands operation to more than 75%. French energy major TotalE...Read More

Opening up protected areas in the Amazon to mining may lead to massive forest losses

October 27, 2022 / www.northernminer.com

A model developed by Brazilian researchers shows that opening up protected areas in the Amazon to mining projects would lead to massive losses of forest coverage.In a paper published in the journal Nature Sustainability, the scientists explain that approximately 183 square kilometres of forest would be lost to new mines while an additional 7,626 square kilometres of forest would be lost as a conse...Read More

Empress Royalty Closes Private Placement and Welcomes New Strategic Investor

October 26, 2022 / bit.ly

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATESEmpress Royalty Corp. (TSXV:EMPR)(OTCQB:EMPYF) (Read full newsRead More

Pacific Empire Intersects Mineralized Breccia in Drilling at Jean Marie

October 26, 2022 / bit.ly

Pacific Empire Minerals Corp. (TSXV: PEMC) (OTCQB: PEMSF) (Read full newsRead More

First Quantum's earnings hit; guidance downgraded

October 26, 2022 / www.mining-journal.com

First Quantum's adjusted earnings in Q3 were down both year on year and quarter on quarter by 51.27% and 71.51%, respectively, at US$96 million ($0.14 per share).Read More

US SEC to allow executive bonuses to be recouped

October 26, 2022 / www.mining-journal.com

The so-called clawback rule's implementation has been resisted by company executives and some Republican lawmakers.Read More

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