News and Reports

Eloro reports best ever assay at Iska Iska silver-tin project ahead of first resource

July 21, 2022 / www.northernminer.com

The latest two drill holes Eloro Resources (TSXV: ELO; US-OTC: ELRRF) has released from its Iska Iska silver-tin project in the Potosi Department of southern Bolivia, are also the best to date. Highlights from hole DSBU-10, an underground hole drilled across the higher-grade feeder zone at the Santa Barbara Resource definition area included 349 metres grading 44.75 grams silver per tonne and 1.05...Read More

KWG acquires Fancamp's chromite claims in Ring of Fire

July 21, 2022 / www.northernminer.com

Fancamp Exploration (TSXV: FNC) has agreed to sell all its rights and interests in the Koper Lake-McFaulds mineral properties, comprising four mining claims located within Ontario's Ring of Fire, to KWG Resources (CSE: KWG). The entire property package covers 10.2 sq. km immediately to the east of claims owned by Wyloo Metals containing the Eagles Nest nickel-copper-platinum deposit.KWG is current...Read More

De Beers hikes 2022 guidance, citing 'robust' US demand

July 21, 2022 / www.northernminer.com

De Beers, the world's top diamond producer by value, has boosted its full-year guidance to 32 million-34 million carats, from 30 million-33 million carats thanks to what it calls "robust demand" from U.S. customers.The Anglo American unit saw a slight decrease in production in the three months to June 30, churning out 7.9 million carats, down from the 8.2 million it produced during the same quarte...Read More

Lithium Americas breaks ground on lithium process testing facility in Nevada

July 21, 2022 / www.northernminer.com

Lithium Americas (TSX: LAC; NYSE: LAC) has marked the official opening of its lithium process testing facility located in Reno, Nev., with a ground-breaking ceremony on Thursday. The company was joined by Nevada Governor Steve Sisolak and University of Nevada, Reno president Brian Sandoval.The Lithium Technical Development Center was developed to demonstrate the chemical process designed for the c...Read More

Golden Arrow walks away from Argentina silver-gold project

July 21, 2022 / www.northernminer.com

Golden Arrow Resources (TSX-V: GRG) has terminated its option to acquire a 75% stake in the Libanesa silver-gold project in Argentina's Santa Cruz province.The company said it would focus instead on its new 100% owned San Pietro copper-gold-cobalt project in Chile and other projects in Argentina.The 145-sq.-km Libanesa project, owned by Mirasol Resources (TSX-V: MRZ), is located about 70 km west...Read More

Seabridge steps-up partner search

July 21, 2022 / www.mining-journal.com

OzAurum drilling for a golden futureSPONSOREDozaurum resourcesMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDShallow, high-grade ounces continue for Alto at SandstoneSPONSOREDalto metalsStandout ESG credentials position Trigg to capture investor attentionSPONSOREDtrigg miningA focus on open-pit exploitation of the Mitchell, East Mitchell and Sulphurets deposits and abandoni...Read More

Biden to Declare Climate Emergency!

July 21, 2022 / dailyreckoning.com

It is proven beyond all doubt, it is a fact beyond all dispute: A climate emergency is upon us.Earth is down with a mighty fever. Even the polar ice has vanished.Reports The Washington Post:The Arctic seems to be warming up. Reports all point to a radical change in climatic conditions, and hitherto unheard-of high temperatures in that part of the Earth's surface... The eastern Arctic has steadily...Read More

Blue Star Gold Intercepts 15.00 g/t Gold over 17.65 m

July 20, 2022 / bit.ly

Blue Star Gold Corp. (TSXV: BAU) (FSE: 5WP0) (OTCQB: BAUFF) (Read full newsRead More

Belo Sun up 57% on Brazilian court ruling

July 20, 2022 / www.canadianinvestor.com

Share this article TORONTO - Belo Sun Mining Corp. [BSX-TSX] shares jumped 57% on Wednesday after the company said the Supreme Court of Para State in Brazil has overturned a previous decision to suspend the construction and environmental licenses at its flagship Volta Grande gold project in Brazil.The previous decision was that the construction and environmental licenses would be suspended until...Read More

South32 invests in Aldebaran for Altair access

July 20, 2022 / www.mining-journal.com

South32 will buy 13.2 million shares prices at 78 cents each in a non-brokered private placement, giving it a 9.9% stake in the junior.Read More

Antofagasta options Tanacross in Alaska

July 20, 2022 / www.mining-journal.com

The agreement grants Antofagasta an option to acquire a 70% interest in the project by spending US$30 million on exploration over eight years and delivering a preliminary economic assessment.Read More

Sanctioned Alrosa Makes Eurobond Payments in Roubles

July 20, 2022 / www.idexonline.com

(IDEX Online) - Alrosa says it will make interest payments on two $500m Eurobonds in roubles after dollar payments proved to be "technically impossible".The Russian miner, sanctioned since the invasion of Ukraine in February, said in a statement yesterday that it was "fully committed" to its payment obligations.Corporations like Alrosa use Eurobonds - fixed-income debt instruments - to raise funds...Read More

Petra's Annual Revenue Rises by 44%

July 20, 2022 / www.idexonline.com

(IDEX Online) - Petra diamonds reports a year-on-year revenue leap of 44 per cent, driven by price hikes in the rough market and the resumption of work at its Williamson mine, in Tanzania.The UK-based miner said prospects remained positive, despite short to medium volatility because of the war in Ukraine and sanctions on Russian producers and COVID-19.Revenue for financial year ending 30 June 2022...Read More

Court upholds Belo Sun Volta Grande license

July 20, 2022 / www.mining-journal.com

The Court overturned the suspension order on the grounds that there was no evidence of damage or harm to the riverside people on both banks of the Xingu River and that they were properly consulted asRead More

Canada Nickel accelerates carbon capture

July 20, 2022 / www.mining-journal.com

A laboratory scale test programme showed IPT could allow tailings from its Crawford project in Ontario, Canada to absorb enough CO2 to achieve net zero carbon emissions within 36 hours, and generateRead More

UK mining faces skills shortage

July 20, 2022 / www.mining-journal.com

Red Dirt Metals: unexpected lithium starSPONSOREDred dirt metalsAlma Metals targets resource expansion at copper project in QueenslandSPONSOREDalma metalsMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDRumble in the outback, "zinc elephant sighted"SPONSOREDrumble resourcesThe British mining sector needs over 60 mining graduates every year yet not a single student h...Read More

Teck in copper-nickel jv with Glencore-backed PolyMet

July 20, 2022 / www.mining-journal.com

The joint venture will be named NewRange Copper Nickel.   Shares in PolyMet gained 14% to C$4.04, giving the Glencore-backed firm a market capitalisation of C$409 million.Read More

Chile's finmin says has "open view" on planned mining taxes

July 20, 2022 / www.mining-journal.com

Marcel's comments come as the country's Congress prepares to debate tax rates. "We are approaching this with a very open view," Marcel told Bloomberg TV.Read More

BHP set to lead Escondida output higher

July 20, 2022 / www.mining-journal.com

BHP forecast that Escondida production in its current financial year will be between 1.08 million-1.18 million tonnes of copper, up 8%-18% from the 1.Read More

Belo Sun Mining rises after Brazil court overturns halt of Volta Grande project

July 20, 2022 / www.northernminer.com

Shares of Belo Sun Mining (TSX: BSX; US-OTC: BSXGF) jumped by 55% on Wednesday morning after the company reported that the Supreme Court of Par?? State in Brazil had overturned a suspension order related to the construction and environmental licences of its Volta Grande project. In May, the Agrarian Court of Altamira had suspended the company's licences until a socio-environmental study of the l...Read More

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