News and Reports

Weaker Australian dollar keeps Rio costs under control

July 15, 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 resourcesPilbara iron ore shipments increased 5% year-on-year and 12% quarter-on-quarter to 79.9 millio...Read More

Gold Fields unlikely to further sweeten Yamana deal: CEO

July 15, 2022 / www.northernminer.com

South African miner Gold Fields (NYSE: GFI; JSE: GFI) trusts that Yamana Gold's (TSX: YRI; NYSE: AUY) shareholders will back its planned US$6.7-billion takeover of the Canadian gold miner.The proposed merger, which would create the world's fourth-largest gold miner and that is expected to surpass Agnico Eagle (TSX, NYSE: AEM) in a year to take third place, has been criticized by Gold Fields inves...Read More

NexGen's Rook uranium EIS advances to technical and public review stage

July 15, 2022 / www.northernminer.com

NexGen Energy (TSX: NXE; NYSE: NXE) said that the Canadian Nuclear Safety Commission (CNSC) has accepted its draft environmental impact statement (EIS), which it submitted last month, for its Rook I uranium project in Saskatchewan. The CNSC's acceptance has advanced the project into the next phase which will include assessments from provincial and federal authorities, the company said. Alongsid...Read More

CanAlaska discovers new uranium zone at West McArthur project in Saskatchewan, stock surges

July 15, 2022 / www.northernminer.com

CanAlaska Uranium (TSXV: CVV; OTC: CVVUF) has discovered a significant zone of basement-hosted uranium mineralization during its summer drilling program at the West McArthur project in Saskatchewan. West McArthur is a joint venture project with Cameco (TSX: CCO; NYSE: CCJ) the world's largest public uranium company. CanAlaska currently owns about 70% of the JV and is the operator.During the seco...Read More

Wesdome shares fall after miner misses analysts' Q2 forecasts

July 15, 2022 / www.northernminer.com

Shares of Wesdome Gold Mines (TSX: WDO) fell to their lowest in a year after the company reported a "weak" performance in its second quarter and said that it would be re-evaluating its 2022 guidance. The company's total gold production fell by 10% to 27,240 oz. in the second quarter of 2022, compared to 30,375 oz. in the same quarter last year. Wesdome's flagship mine, Eagle River near Wawa, On...Read More

Cost of expansion at Rio Tinto's Oyu Tolgoi rises again

July 15, 2022 / www.northernminer.com

Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) flagged on Friday a cost increase of $300 million for the ongoing expansion of its massive Oyu Tolgoi copper-gold mine in Mongolia.The world's second largest miner said the cost and schedule reforecast, completed in June, now pegs the total project cost estimate at US$7.1 billion, almost US$1.8 billion higher than its original estimate in 2015. The com...Read More

The Company Behind the James Webb Space Telescope

July 15, 2022 / www.outsiderclub.com

All week long, we've had the privilege of gazing deeper into the kaleidoscope of space than any generation before. Cosmic cliffs, sparkling galaxies, gleaming stars, distant planets, and even evidence of water and clouds... It's all on display in the first images to be relayed from the James Webb Space Telescope.The James Webb Space Telescope is the most powerful space telescope in history. It bo...Read More

RT @Music_Royalties: Just posted a photo

July 14, 2022 / www.instagram.com

Music Royalties Inc. shared a post on Instagram:Read full newsRead More

RT @Music_Royalties: Just posted a photo

July 14, 2022 / www.instagram.com

Music Royalties Inc. shared a post on Instagram:Read full newsRead More

?? ??? ??? ? ?? ??? ??? ??? ??? ??? 1/4 ??~,??~EUR ?? ?? ???~??? (R)?? ???~EUR @corp_tru ????????$TRU ???????,$TRUIF ???(C)????$FSE.706

July 14, 2022 / www.youtube.com

CEO.CA caught up with Joel Freudman, Co-founder and CEO of TRU Precious Metals (TSXV: TRU, OTCQB: TRUIF, FSE: 706) to discuss their drilling plans, leadershi...Read full newsRead More

Sarama Resources Provides Sanutura Project Exploration Update @SaramaResources #gold #mining #investing

July 14, 2022 / bit.ly

Sarama Resources Ltd. ("Sarama" or the "Company") (ASX:SRR, TSX- V:SWA) is pleased to provide an update on the planned +50,000m drilling program at its 100%-owned(4), multi-million ounce Sanutura Project (the "Project") (news release dated May 12, 2022). The drilling program was designed to material...Read full newsRead More

Copper seen in surplus as global economic slowdown...

July 14, 2022 / www.mining-journal.com

  Concerns about global economic growth have become more pronounced in recent months as rising inflation, the ongoing Russia-Ukraine conflict and the ongoing tightening cycle by the US FederalRead More

Barrick misses consensus, shares lose 5%

July 14, 2022 / www.mining-journal.com

Barrick produced 1.04 million ounces of gold and 120 million pounds of copper in the second quarter and said it remained on course to meet guidance.Read More

Freeport-McMoRan seen as key signal on Q2 earnings...

July 14, 2022 / www.mining-journal.com

Shareholders and analysts will be watching Freeport-McMoRan's second quarter performance closely for a wider industry read on the impact of lower metals prices, inflation and economic deterioration,Read More

Uranium is losing the new energy market battle

July 14, 2022 / www.mining-journal.com

Mining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDHomegrown and future-focused: a battery and critical metals discovery in the USASPONSOREDstill waters critical mineralsEclipse Metals to Explore Rare Earth Potential of Historic Greenland MineSPONSOREDeclipse metals ltdPensana Plc to provide UK-produced rare earth resourcesSPONSOREDpensanaThirty years ago, nuclear power plants...Read More

Crime Costs US Jewelers $70m in 2021

July 14, 2022 / www.idexonline.com

(IDEX Online) - Crime has cost US jewelers $2.2 billion in the last two decades, says the JSA, after adjustments for inflation.The total figure for 2021 was just over $70m, down from $83m the previous year, said the New York-based Jewelers' Security Alliance Releases in its newly-released 2021 Annual Crime Report.But the total number of crimes was up from 1,438 to 1,687, an increase of 17 per...Read More

Indian Jeweler Claims World Record with a 24,679-Diamond Ring

July 14, 2022 / www.idexonline.com

(IDEX Online) - An Indian jeweler has landed a Guinness World Record with a ring made with 24,679 natural diamonds.The Touch of Ami took 90 days to make at SWA Diamonds, in Malappuram Inkel Educity, Kerala.It takes the title Most Diamonds Set in One Ring from the previous record holder Renani Jewels, based in Meerut, India. Their Ring of Prosperity is set with 12,638 individual diamonds."It is our...Read More

Nirav Modi's Brother Guilty of $2.6m Diamond Fraud

July 14, 2022 / www.idexonline.com

(IDEX Online) - Nehal Modi, younger brother of fugitive diamantaire Nirav Modi, has been convicted by a US court of fraudulently obtaining diamonds worth over $2.6m.Modi, 41, a diamond trader, made false representations between March and August 2015,  regarding a purported deal with Costco Wholesale Corporation to obtain the gems LLD, also known as Lev Leviev Diamonds.He then liquidated the d...Read More

The view from England: Time called on mining graduates

July 14, 2022 / www.northernminer.com

The U.K. is facing a crisis. No, not our mounting supply issues, soaring cost inflation or the sudden change in political leadership; rather, the plummeting numbers of drinking establishments and graduate mining engineers. A survey in 1577 found that there were over 16,000 alehouses, taverns (generally larger than alehouses and also served wine) and inns in England and Wales. With a combined p...Read More

Panasonic to build US$4B battery plant in US to supply Tesla

July 14, 2022 / www.northernminer.com

Japan's Panasonic is deepening its ties with electric vehicles (EVs) maker Tesla by planning a battery plant in Kansas, which will cost US$4 billion.The facility is expected to supply the EV giant with a new high-capacity battery and boost Panasonic Energy's production capacity by fiscal 2028 from the current level of roughly 50 gigawatt-hours per year to 150 to 200 GWh.The Japanese company, the w...Read More

Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok