The decline reflects an 8% fall in gold prices to an average of US$1,730 an ounce and a larger decline in by-product metals, including a 15% fall in silver prices and 19% in copper.Read More
Mining Journal talked to Centamin chief executive Martin Horgan about the company's plans.Read More
The third quarter consolidated production at 63,900 ounces of gold was down 12% from the previous quarter of 72,900 ounces and below market consensus of around 69,000 ounces.Read More
The southern seafloor of the exclusive economic zone (EEZ) surrounding Minamitorishima - a coral atoll also known as Marcus Island - has an extremely REE-rich mud layer, according to KatoRead More
Chaarat makes headway at KyzyltashSPONSOREDchaarat gold holdings ltd.Metal Bank draws on experience as resource upgrades nearSPONSOREDmetal bank limitedCerrado eyes feasibility study for Brazil assetSPONSOREDcerrado goldMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDRio currently exerts control via a 51% stake in Turquoise Hill which in turns owns 66% of Oyu Tolgoi, the remaind...Read More
(IDEX Online) - RioZim has bought the Sperrgebiet Diamond Mine in Namibia in a deal reportedly worth $58m. Sperrgebiet has two land and two offshore licenses and says it specializes in small and melee diamonds. It describes itself as "a diversified natural resource company that performs land-based exploration, mining and rehabilitation operation and services". RioZim, the Zimbabwe-based diversifi...Read More
(IDEX Online) - The GIA (Gemological Institute of America) says it will launch a digital-only version of its Diamond Dossier in January 2023.It's the first step towards phasing out all printed reports with three years, a move that will save saving 20 tons of paper and 18.5 tons of plastic a year. "Beginning Tuesday, January 2, 2023, GIA Diamond Dossier will be available in a convenient,...Read More
(IDEX Online) - Diamond miners in Zimbabwe will have to pay half of their royalties to the government in rough gems rather than cash.The move, to be implemented immediately, was announced by President Emmerson Mnangagwa (pictured)in a weekly newspaper column for The Sunday Mail (9 October edition).The new royalties rules also include gold, platinum group metals (PGM) and lithium, widely used in re...Read More
(IDEX Online) - Bruce Cleaver is to step down early next year as CEO of De Beers Group and will be replaced by Al Cook, of the Norwegian energy giant Equinor.Cleaver, who was appointed as CEO in 2016, will become co-chairman of the company.Cook is currently executive vice president of exploration and production international at Equinor, the state-owned petroleum company, with responsibility for op...Read More
Analysts from the investment bank are bearish on copper, downgrading their three-month forecast price from US$7500 per t (which is around current levels) to just $6200/t or $2.80 per pound.Read More
Canada's largest uranium producer Cameco (TSX: CCO) has announced a significant expansion into the nuclear services sector after agreeing to buy U.S.-based Westinghouse Electric with Brookfield Renewable Partners (NYSE: BEP) in a US$7.9 billion deal, the companies announced on Tuesday.Brookfield Renewable and its institutional partners will own a 51% interest in Westinghouse, while uranium fuel su...Read More
Burkina Faso-focused miners say operations have not been affected following a second coup d'?(C)tat on Sept. 30 that saw the country's president Lt.-Col. Paul Henri Sandaogo Damiba overthrown after only nine months in power.While local mining operators face growing security, logistical and financing issues, they appear to remain bullish on the jurisdiction, with no announcements emerging of reduce...Read More
This week's episode features George Hemingway, Managing Partner Head of Innovation Practice, Stratalis, in conversation with Northern Miner production editor Blair McBride at the Q3 Global Mining Symposium. George discusses how the mining industry needs to take a more personal approach to persuade younger people to have a more positive view of it.All this and more with host Adrian Pocobelli. "R...Read More
The Dow Jones Industrial Average?EUR?rose?EUR?571.28 points or 1.99% to?EUR?29,296.79 and the S&P 500?EUR?gained 55.04 points or 1.51% over the Oct. 3-7 trading week to?EUR?finish at 3,639.66.?EUR? Vale added US$1.10 to US$14.42, though down from the week's high of US$15.19 per share, after the world's largest nickel and iron ore producer said it would reorganize its Brazilian base metals operati...Read More
The S&P/TSX Venture Composite Index gained 13.89 points or 2.3% over the Oct. 3-7 trading session to end at 608.02, after reaching an intra-week high of 623.23 on Oct. 4.Sigma Lithium was this week's top value gainer, adding $1.37 per share to close the week at $38.84. Sigma's share price has surged more than 270% in the past 12 months as lithium prices continue to rise, bolstered by renewed aware...Read More
Stocks rose slightly over the Oct. 3- 7 trading period as the Organization of Petroleum Exporting Countries and 10 other large crude oil producers such as Russia (OPEC+) agreed to limit output, helping energy and gold company shares. Stock markets continued to show volatility while digesting central banks' drive for higher interest rates to quell inflation while the United States dollar eased. Th...Read More
Azimut Exploration (TSXV: AZM; OTC: AZMTF) has received the Discovery of the Year award from the Mineral Exploration Association of Quebec (AEMQ) for the discovery of the Patwon gold zone on the company's 100%-owned Elmer property.The award is granted to highlight the importance of a new discovery that has a ripple effect on exploration activities both on the property and in the surrounding area.T...Read More
Canadians may be a modest bunch, but when it comes to our importance in the global mining industry, we could stand to brag a little. At The Northern Miner's Q3 Global Mining Symposium in late September, Douglas Silver presented data showing Canada leads the world in exploration spending (US$800 million per year vs. US$530 million for runner-up Australia); in capital spending on mining (accounting...Read More
De Beers, the world's top diamond producer by value, has appointed oil and energy industry executive Al Cook as its new chief executive to replace Bruce Cleaver, who leaves the top job after six years at the helm.England-born Cook, with 25 years in the energy industry and currently vice-president of Norwegian oil major Equinor's exploration and production business, will assume leadership of De...Read More
Australia's Vital Metals (ASX: VML), the first rare earths producer in Canada, has walked away from a deal with Quebec Precious Metals Corp. (TSX-V: QPM) to buy the junior's Zeus project and a 68% stake in the Kipawa heavy rare earths, inked last year.Vital's new management informed QPM that it had not been satisfied with the results of its due diligence on the projects, in particular the abilit...Read More