News and Reports

U.S. markets lose steam during Aug. 22-26 trading week

August 29, 2022 / www.northernminer.com

The Dow Jones Industrial Average fell 1,423.34 points or 4.22% to 32,283.40, and the S&P 500 closed the trading week at 170.82 points or 4.04% lower at 4,057.66.The week's top US-based value gainers were three potash companies, highlighting an intensifying supply squeeze brought on by Russia's war in Ukraine.Intrepid Potash was the trading week's top value gainer, adding US$12.73 to close at US$55...Read More

TNM Drill Down: Top Ten best nickel drill results year to date

August 29, 2022 / www.northernminer.com

The need to discover new sizeable economic nickel deposits has never been more acute as the world transitions to a clean-energy-driven economy that relies heavily on nickel-based battery technologies and more robust nickel-infused steel products. Set against this backdrop, The Northern Miner presents a top-ten ranking of the best nickel drill intercepts reported up to Aug. 17, 2022, with the top...Read More

Graphite One prefeasibility outlines US$1.2B capex for Alaska mine and Washington state plant

August 29, 2022 / www.northernminer.com

Graphite One (TSXV: GPH; US-OTC: GPHOF) has released a prefeasibility study on developing a mine at its Graphite Creek property in Alaska and building a battery anode materials manufacturing plant in Washington state. The study was based on a proposed mine life of 23 years and a 26-year operating life for the manufacturing plant, which would use purchased graphite for the first four years until t...Read More

Colombia abandons plan to tax gold exports

August 29, 2022 / www.northernminer.com

Colombian finance minister Jos?(C) Antonio Ocampo said the government has withdrawn a plan to introduce a 10% duty on gold exports included in the tax reform bill submitted by the new leftist government of President Gustavo Petro in early August.The proposal sought a 10% export tax on the value of gold exports whenever the metal price exceeded US$400 per ounce.The benefits of such plan would have...Read More

TNM Drill Down: Top gold assays for the week Aug 19-26

August 29, 2022 / www.northernminer.com

Our TNM Drill Down feature highlights the top gold assays of the past week. Assays are ranked by gold grade x width, as identified by our sister company Mining Intelligence. TNM Drill Down Aug. 19-26, 2022.Brisbane-based Santana Minerals (ASX: SMI) delivered the top intercept of the week from its Bendigo-Ophir project in New Zealand's Central Otago goldfields. Hole MDD054 cut 1 metre of 1,400...Read More

What's in the Student Loan Forgiveness Plan?

August 29, 2022 / www.outsiderclub.com

Dear Outsider,America was founded on debt.From 1703 to 1775, the 13 Colonies borrowed huge sums of money from the British.At the time of the American Revolution, Colonial merchants and planters owed British creditors 5 million pounds.While the colonists worked to build a "free market," the British were embroiled in multiple wars, including the Seven Years' War, which doubled the national debt and...Read More

Chile's referendum may spark troubling unrest for miners

August 29, 2022 / www.mining-journal.com

That would be in the event of votes going against the passing of the constitution, which is the likely outcome according to recent polling that saw 45.Read More

Swiss Watch Sales Highest in Almost Eight Years

August 28, 2022 / www.idexonline.com

(IDEX Online) - Exports of Swiss watches hit their highest monthly total in almost eight years, amid "very positive" sales.Total foreign sales for July were $2.31bn, up 8.3 per cent on the same month in 2021, according to the the Federation of the Swiss Watch Industry.  It's the highest monthly result since October 2014.Much of the growth was driven by watches priced for export at o...Read More

Tanzania's Diamond Revenue Down by 55%

August 28, 2022 / www.idexonline.com

(IDEX Online) - Tanzania's diamond revenue slumped by 55 per cent in the second quarter of this year, down from $38.4m to $17.4m.Production was also significantly reduced, from 108,165 carats to 63,973 carats, said the Bank of Tanzania. That's a drop of 41 per cent.Williamson (pictured), the country's only large-scale mine, was put on care and maintenance last year by UK-owners Petr...Read More

RCC Updates Human Rights Guidance

August 28, 2022 / www.idexonline.com

(IDEX Online) - The Responsible Jewellery Council (RJC) has updated its Human Rights Due Diligence Toolkit, originally published in 2013.It includes practical step-by-step advice that will help members to meet the requirements of COP 6 Human Rights.The London-based jewelry and watch standards organization says each step includes a practical set of tools, including templates, forms, and checklists...Read More

Three Valley files for creditor protection

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

The reorganisation proceeding aims to give the company additional time to seek a longer-term financing solution to ensure its continuity of operations.Read More

Colombia scraps gold export tax idea

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

Speaking at a forum organised by ANIF Centre of Economic Studies minster Ocampo said, "it will be uncontrollable, much of the gold that Colombia exports is smuggled and the other thing is that thereRead More

Peru minister says no new mining taxes

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

"Seeking to establish a tax on mining surplus profits is done in a context in which mining companies receive income outside of what they do in a context in which mining companies are economicallyRead More

Nevada Copper lines up US$93 million for Pumpkin Hollow

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

Non-binding terms have been agreed with the firm's senior lender, KfW IPEX-Bank , its working capital provider Concord Resources, its largest shareholder Pala Investments, shareholder Mercuria EnergyRead More

Copper supply remains below expectations - Jefferies

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

Firms led by Brazil's Vale, commodities firm Glencore, BHP, Antofagasta, First Quantum Minerals and Freeport McMoRan have reduced their copper production guidance for financial year 2022 by an averageRead More

California aims to stop new gasoline vehicles by 2035

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

The California Air Resources Board (CARB) decision on the Advanced Clean Cars II rule mandates vehicle manufacturers meet a target of 35% of all new vehicle sales in the state be zero-emission byRead More

Video interview: American Pacific Mining's Constantine buy a 'win-win' for both juniors

August 26, 2022 / www.northernminer.com

Vancouver-based American Pacific Mining (CSE: USGD; US-OTCQX: USGDF) has announced the acquisition of Constantine Metal Resources (TSXV: CEM) and its Palmer zinc-copper-gold-silver volcanic massive sulphide project north of Haines in Alaska.The transaction provides American Pacific with a second, advanced-stage asset under an active joint venture exploration agreement with a much deeper-pocketed p...Read More

Japan's nuclear policy shift marks a turning point for uranium

August 26, 2022 / www.northernminer.com

More than a decade after the 2011 nuclear accident at the Fukushima Daiichi nuclear power plant in Japan roiled the uranium industry, the country has announced a major policy shift towards restarting idled reactors.On Aug. 24, Prime Minister Fumio Kishida announced that Japan would restart more suspended nuclear power plants and look at developing next-generation reactors. This represents a signif...Read More

Rio Tinto invests $35M in new aluminum recycling centre in Quebec

August 26, 2022 / www.northernminer.com

Rio Tinto (NYSE: RIO, ASX: RIO) announced Friday it is investing $35 million to build a new aluminum recycling facility at its Arvida Plant in Saguenay-Lac-Saint-Jean, Que.The investment will expand its offering of low-carbon aluminum solutions for customers in the automotive, packaging and construction markets and the facility will make Rio Tinto the first primary aluminum producer in North Ameri...Read More

Nevada Copper unveils restart and US$93M financing plan for Pumpkin Hollow

August 26, 2022 / www.northernminer.com

Nevada Copper (TSX: NCU; US-OTC: NEVDF) plans to restart and ramp up its Pumpkin Hollow underground mine in Nevada and has agreed to non-binding terms with lenders for up to US$93 million. The restart plan involves de-bottlenecking and completing critical capital projects and building up stope ore inventory in order to achieve a more efficient ramp up once the mill restarts, as well as reducing c...Read More

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