Rio, Winning Consortium Simandou (WCS) and the Guinean government have incorporated La Compagnie du TransGuinéen (The TransGuinean Company) to further progress plans to co-develop the multi-purpose and multi-user infrastructure for the project.Rio and WCS will each hold 42.5% of La Compagnie du TransGuinéen, while the government will have a 15% free-carried interest.It comes after a...Read More

It is (un)official - the United States economy has descended into recession.Government data, this morning released, revealed that second-quarter GDP contracted at a 0.9% annualized pace.This, after first-quarter GDP contracted at a 1.6% annualized pace.A recession is generally defined as two consecutive quarters of economic contraction. And so there you are.Experts being experts, most polled econo...Read More

The company's share price was at a four-week high of C$4.32 (US$3.6) on July 26, having risen 4% day on day. It had been on a downward trend since hitting a year-to-date high of C$6.Read More

OzAurum drilling for a golden futureSPONSOREDozaurum resourcesShallow, high-grade ounces continue for Alto at SandstoneSPONSOREDalto metalsStandout ESG credentials position Trigg to capture investor attentionSPONSOREDtrigg miningMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDThe company's share price was at a four-week high of C$4.32 (US$3.6) on July 26, having risen 4% day...Read More

At 170 carats, the gemstone is one of the largest rough diamonds ever recovered globally and is believed to be the largest pink diamond recovered in 300 years. The Lulu joint venture has now recovered 27 stones exceeding 100ct, with the Lulo Rose the fifth largest from the field. The largest ever diamond recovered in Angola was the 404ct 4th February Stone, also from the Lulo concessions...Read More

OzAurum drilling for a golden futureSPONSOREDozaurum resourcesShallow, high-grade ounces continue for Alto at SandstoneSPONSOREDalto metalsStandout ESG credentials position Trigg to capture investor attentionSPONSOREDtrigg miningMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDMaple increased its 2022 exploration budget by C$4.8 million in May to fund the drilling of four or...Read More

The company said the financing gives it the financial wherewithal to keep fighting against what it considers to be unfounded interference by US Federal Government agencies in an otherwiseRead More

OzAurum drilling for a golden futureSPONSOREDozaurum resourcesShallow, high-grade ounces continue for Alto at SandstoneSPONSOREDalto metalsStandout ESG credentials position Trigg to capture investor attentionSPONSOREDtrigg miningMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDThe company's half-year results were down year-on-year across the board, with underlying EBITDA fall...Read More

The lithium hydroxide will be used in GM's Ultium battery cathodes, which will power electric vehicles (EV) such as the Chevrolet Blazer EV, Chevrolet Silverado EV, GMC HUMMER EV and Cadillac LYRIQ.Read More

Managing director Ian Bamborough says Saturn Metals is gaining momentum, as it goes "full throttle" on a scoping study for its recently updated 1.47 million ounce Apollo Hill gold resource and continues to explore the plus-1,000sq.km project in Western Australia for complementary gold deposits.Read More

(IDEX Online) - De Beers today said it sold $630m (provisional) of rough during Cycle 6, a year-on-year increase of almost 23 per cent as demand remained "robust".The figure is a light drop on Cycle 5's $657m (up a third year-on-year). Rough sales during Cycle 4 were $604m.Bruce Cleaver, CEO, De Beers Group, said: "Following a period of consistently robust demand in the first half, we continu...Read More

IDEX Online) - A huge pink diamond weighing 170 carats has been recovered at the Lulo mine, in Angola.Australia-based miner Lucapa describes it as "an historic recovery" and says it is believed to be the largest pink diamond found in the last 300 years.The stone, named The Lulo Rose, will be sold at international tender by Sodiam E.P, the Angolan state diamond marketing company.Tobias Kormind, man...Read More

OzAurum drilling for a golden futureSPONSOREDozaurum resourcesShallow, high-grade ounces continue for Alto at SandstoneSPONSOREDalto metalsStandout ESG credentials position Trigg to capture investor attentionSPONSOREDtrigg miningMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDBorn in 1958, he graduated from the New Mexico Institute of Mining and Technology in 1981, becoming...Read More

"Teck will have the mining sector talking tomorrow morning with a slew of press releases tonight," BMO Capital Markets analyst Jackie Przybylowski said.Read More

"While global inflationary pressures were present in the first quarter of this year, second quarter costs were further impacted by higher energy and commodity prices resulting from the conflict in Ukraine," First Quantum said in its Q2 results, which were released after market close on July 26."Costs for fuel, explosives, freight, mill balls, reagents and other consumables represent almost half of...Read More

Shares in Canada's uranium major, Cameco (TSX: CCO; NYSE: CCJ), gained nearly 10% on Wednesday after the company reported higher core profit than expected amid an uptick in uranium prices.The Saskatoon, Sask.-based company said headline profit per share more than doubled to 18 ?, compared with analyst forecasts calling for a loss of 1 ?.Revenue for the three months ended June increased 55% year-on...Read More

NorthWest Copper Corp. (TSXV: NWST; US-OTCQX: NWCCF) has released a new mineral resource estimate on the Lorraine project, about 40 km. from the company's Kwanika-Stardust project in Central B.C.The June 30 technical report draws on drilling completed between 1949 and 2009 and calculates an indicated resource of 12.9 million tonnes for 156,093 lb. of copper, grading at 0.55% copper and 0.66% coppe...Read More

Mining financier and entrepreneur Lukas H. Lundin has died in Geneva at the age of 64, following a two-year battle with brain cancer. The Swedish-Canadian Lundin, known for his shrewd business sense and willingness to take risks, was born in 1958 in Stockholm. Lundin learned the natural resource business from his father, the late Swedish resource magnate Adolf H. Lundin and founder of the Lundin...Read More

Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK), Canada's largest diversified miner, has announced its chief executive officer, Don Lindsay, will step down after 17 years in the role.Lindsay, who will leave by the end of September, will be replaced by two executives in what the company calls "the culmination of a multiyear succession process." Chief financial officer Jonathan Price will take over...Read More

Australia's Lucapa Diamond (ASX: LOM) has recovered a rare 170-carat pink diamond at its prolific Lulo mine, believed to be the largest of its kind found in Angola in the last 300 years.The massive pink stone named the "Lulo Rose" will be sold later this year through an international tender conducted by Angolan state-owned diamond trading firm Sodiam.Lucapa has a 40% stake in the Lulo mine, whic...Read More