Highlights included 150.9m grading 3 grams per tonne gold, 3.16g/t silver and 0.15% zinc from surface in the first hole. "Results from [hole 1] largely speak for themselves.Read More
Elder Creek consists of 577 unpatented mining claims in Humboldt and Lander counties and is prospective for porphyry copper mineralisation. Rio will be the operator under the agreement.Read More
The binding agreement follows the firms' announcement on September 1 that they had reached an agreement in principle for Rio Tinto to purchase the 49% stake it does not already own in Turquoise HillRead More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDSun shines on Saturn MetalsSPONSOREDsaturn metalsTrue enough, the kingdom has introduced valuable reforms in the last two years designed to incentivise foreign miners to open up the sector and cut its reliance on revenue from hydrocarbons.Read More
(IDEX Online) - Kyrgyzstan, the former Soviet republic, and one of the world's poorest countries, says it has diamond deposits.The central Asian nation has never before reported diamond deposits. In 2020 it imported a negligible $61,000 of diamonds, primarily from UAE.Kanatbek Madumarov, the Kyrgz Director of Precious Metals Department, said the geological explorations were ongoing, but noted...Read More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDThe company ended the June quarter with US$21.1 million in cash and a $40 million working capital deficit.Read More
Centerra's board and executive search firm will look for a long-term replacement for Perry who has also resigned from him position as a director of the firm.Read More
"This is an extremely frustrating development where we have been seeking clarification from the authorities since the new board became aware of the issue in June," Caerus CEO Charles Long said.Read More
This week's episode features Northern Miner podcast host Adrian Pocobelli on mining stories from around the world, including new smelter shutdowns in Europe, warnings from Taiwan, Chinese gold buying, opportunities for Canada, joint ventures between mining companies and automakers, and a surprising amount of tragedies at mines. All this and more with host Adrian Pocobelli.Music Credits:"Rattl...Read More
A newly released assessment of global tailings management facilities (TMFs) data paints a jarring picture showing that relative to global mine production, there has been no improvement in the rate of significant failures, according to watchdog World Mine Tailings Failures (WMTF).According to data released for the first time on Tuesday, the rate was constant at 0.09 failures per billion tonnes of p...Read More
An investigation is underway at the Gahcho Ku?(C) Mine site in the Northwest Territories following the death of a worker in an accident there on Thursday.Inspectors from the territorial Workers' Safety and Compensation Commission (WSCC) are at the diamond mine and have started their investigation, WSCC communications officer Shannon Moore told The Northern Miner in an email.It was not known when o...Read More
Chile's national mining association SONAMI has welcomed the weekend rejection of the proposed new constitution for the world's number-one copper producer, sending lawmakers back to the drawing board to create a more inclusive document prioritizing the country's unity.Chileans overwhelmingly rejected the proposed new constitution during a referendum on Sept. 3, handing left-leaning President Gabrie...Read More
NioCorp Developments' (TSX: NB; US-OTC: NIOBF) demonstration-scale processing plant in Quebec has started processing ore samples from the company's Elk Creek critical minerals project in Nebraska. The plant is intended to demonstrate that the company can extract and separate rare earth elements from ore mined at the project, and that its simplified process for producing niobium, scandium and titan...Read More
Centerra Gold (TSX: CG; NYSE: CGAU) said on Tuesday it had named director Paul Wright as interim president and chief executive to replace Scott Perry, without providing reasons for the sudden change at the top.The company said Perry, who led Centerra for seven years, had also resigned as a director of the company and will not be nominated for election at its upcoming annual meeting by the end of S...Read More
O3 Mining (TSXV: OIII; US-OTC: OIIIF) has completed a prefeasibility study for its 100% owned Marban gold project, demonstrating its potential to become the next gold producer in the mining region of Val-d'Or, Que.The study showed robust project economics including a post-tax net present value (at 5% discount rate) of $463 million and post-tax unlevered internal rate of return of 23.2%. The report...Read More
McEwen Copper, a subsidiary of McEwen Mining (TSX: MUX; NYSE: MUX), has inked a deal with Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) that gives the global miner an option to become a majority joint venture partner in the Elder Creek project, in Nevada.To exercise the option, Rio's subsidiary Kennecott Exploration would have to invest US$18 million over a maximum of seven years. After that the two...Read More
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has inked a definitive arrangement with Turquoise Hill Resources (TSX: TQR) to buy the 49% of the Canadian miner it doesn't already own for US$3.3 billion.The global miner noted Turquoise Hill's board had unanimously recommended the $43 per share cash offer and said it would not increase its bid despite pressure from minority shareholders.Rio said that sen...Read More
Like an angry, 800-pound groundhog, the oil bear just reared its head and predicted six more weeks of misery in the oil market. That image above is actually taken from a video of a mother grizzly bear chasing a terrified oil field worker onto his truck. He scrambles out of her reach with seconds to spare. While he was staring at that giant mass of teeth and claws hurtling toward him, I wonder if...Read More
Just when you think the anti-Russian sanctions policy can’t get any dumber, it does. Here's the latest:The EU and U.S. have announced a new plan to cap the price of Russian oil by applying pressure through the insurance industry. The plan says that Lloyd's of London and other insurance channels will not insure Russian tankers exporting oil unless the price is capped as demanded by the West.S...Read More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSORED"Peter's experience in running large and complex business across many different markets, as well as his considerable experience in the metals and mining industry, makes him ideal to take over theRead More