News and Reports

Quebrada Blanca 2: Teck's 'first big piece' to realign its energy goals

May 31, 2022 / www.northernminer.com

With the aim of rebalancing its portfolio towards metals needed for the world's energy transition, Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK) will look to finish building its biggest ever project, the Quebrada Blanca phase 2 (QB2) in Chile, by the end of 2022 and double its copper production. In an interview with The Northern Miner, Teck's COO Red Conger said the project, which had initial...Read More

The view from England: Cryptocurrency crash reminiscent of past bubbles

May 31, 2022 / www.northernminer.com

Holders of cryptocurrencies are reeling after a brutal year-to-date, with a catastrophic April and May serving to remind investors of the dangers in relying upon such ephemeral stores of wealth. The Financial Times estimates that more than US$1 trillion has been wiped from the value of crypto assets in the five months to the end of May. Losers include Vitalik Buterin (creator of the Ethereum b...Read More

The Northern Miner Podcast - episode 293: 'It's a dramatic situation'-Duncan Wood on critical material shortages at the Global Mining Symposium

May 31, 2022 / www.northernminer.com

This week's episode features Duncan Wood, vice-president for strategy and new initiatives at the Wilson Center in Washington D.C., in conversation with Northern Miner reporter Naimul Karim. Duncan discusses how the United States lags far behind China when it comes to stockpiling natural resources, as well as the recent nationalization of lithium in Mexico and the implications for the industry.All...Read More

Defense Metals shows improved REE recoveries for Wicheeda ore with acid-bake process

May 31, 2022 / www.northernminer.com

Defense Metals (TSXV: DEFN; OTC: DFMTF) has released initial results of the alternative acid-bake process testing mineralized feed from the company's Wicheeda rare earth element (REE) project. This hydrometallurgy program, which started in December 2021 and includes pilot plant operations, is being conducted by SGS Lakefield.Over 20 tests on several concentrate samples have been completed to date,...Read More

Gold Fields to become world's No. 4 gold miner with US$6.7B Yamana Gold buy

May 31, 2022 / www.northernminer.com

South African miner Gold Fields (NYSE: GFI; JSE: GFI) is buying Canada's Yamana Gold (TSX: YRI; NYSE: AUY) in an all-share deal worth US$6.7 billion, which will make it the world's fourth-largest gold producer.Under the terms of the deal, Yamana's shareholders will receive 0.6 of a Gold Field share for each outstanding share in Yamana, representing a 34% premium to its average share price over the...Read More

Watson pushing Sandstorm to go big or go home

May 31, 2022 / www.mining-journal.com

Look beyond market approach to project valuations: van ZylLeadershipIsoMetrix launches pioneering ESG applicationSPONSOREDisometrixChinese Strategic AllianceSPONSOREDxanadu minesCopper Fox is brim-full of potentialSPONSOREDcopper fox metalsMay has been a busy month with the announcement of the creation of Sandbox in collaboration with Equinox Gold and the earlier deal to buy Nomad Royalties, and t...Read More

Adventus gets El Domo technical ESIA approval

May 31, 2022 / www.mining-journal.com

The companies also reported that the Ministry of Energy and Mines of Ecuador issued a certificate of technical feasibility for the construction of the El Domo tailings and waste rock facilities, a keyRead More

Battery Tech: A Stark Warning for Users and Investors

May 31, 2022 / www.outsiderclub.com

An intergovernmental agency formed in the wake of the oil crisis in 1973 is out with a new report that is sounding an alarm that cannot be ignored.In short, the halcyon days are over.The International Energy Agency released the report last week with the details. They aren't pretty for anyone who buys or sells batteries, especially large battery packs for some of the fastest-growing applications li...Read More

Currency Wars: Race to the Bottom

May 31, 2022 / dailyreckoning.com

What are the benefits of a cheap currency relative to the currencies of major trading partners? The answer depends on whether you are considering political benefits or economic benefits.The political benefits are obvious and explain why currency wars (the act of cheapening your currency) have broken out periodically over the past 100 years. A cheaper currency makes your exports cheaper from the pe...Read More

Los Andes Copper drills 331 metres of 0.63% CuEq at Vizcachitas, Chile

May 30, 2022 / www.canadianinvestor.com

Share this articleVANCOUVER - Los Andes Copper Ltd. [LA-TSXV; LSANF-OTCQX] reported continued consistent positive results from recent drilling completed at the 100%-owned Vizcachitas Copper Project in Chile. The new results include 331 metres grading 0.63% CuEq (Copper Equivalent - 0.55% copper, 212 ppm molybdenum and 1.28 g/t silver) in hole CMV 012B on the northeastern edge of the deposit where...Read More

Mawson Gold unit drills 119 metres of 3.9 g/t AuEq

May 30, 2022 / www.canadianinvestor.com

Share this article VANCOUVER - Mawson Gold Ltd. [MAW-TSX,] said Monday its Australian subsidiary has reported an outstanding drill result from a gold project in Victoria, Australia.It said Southern Cross Gold Ltd. (SXG-ASX), which is owned 60.3% by Mawson following SXG's recent IPO, has intersected 119.2 metres of 3.9 g/t gold equivalent (AuEq) (3.2 g/t gold and 0.4% stibnite) from 106.8 metres...Read More

Los Andes expanding Vizcachitas

May 30, 2022 / www.mining-journal.com

Drilling highlights include 331m grading 0.55% copper, 212 parts per million molybdenum and 1.28 grams per tonne silver for 0.Read More

Appian files claim against Sibanye

May 30, 2022 / www.mining-journal.com

Sibanye pulled out of a transaction in January to purchase the Santa Rita nickel and Serrote copper mines after Appian informed it of a geotechnical event at Santa Rita related to a localised fractureRead More

Strike at Glencore nickel mine in Canada

May 30, 2022 / www.mining-journal.com

IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixChinese Strategic AllianceSPONSOREDxanadu minesCopper Fox is brim-full of potentialSPONSOREDcopper fox metalsOrford eyes massive nickel sulphides at West RaglanSPONSOREDorford mining"Raglan Mine has no choice but to suspend all production activities at the mine site, with a view to keeping the safety of all employees our top priority,"...Read More

Goldman Sachs calls time on battery bull market

May 30, 2022 / www.mining-journal.com

"Investors are fully aware that battery metals will play a crucial role in the 21st century global economy," Goldman analysts including Nicholas Snowdon and Aditi Rai said in a research note.Read More

Antwerp Diamond Dealers Sue Banks for Blocking Dollar Accounts

May 30, 2022 / www.idexonline.com

(IDEX Online) - Diamond dealers in Antwerp are suing their banks for blocking their US dollar accounts when they implemented AML (anti-money laundering) legislation.They're set to take a group action, claiming they have suffered disproportionately from the implementation of EU rules.Robin van Beurden, an Antwerp diamond broker, told the German broadcaster Deutsche Welle he'd already won...Read More

Jadeite Bead Necklace Sells for $8.8m

May 30, 2022 / www.idexonline.com

(IDEX Online) - A necklace of 33 exceptional jadeite beads sold for over $8.8m at Christie's Magnificent Jewels live auction in Hong Kong. The beads (measuring approximately 15.0 to 12.3 mm) were set with an 11-carat cushion-cut Burmese ruby surrounded by oval-cut diamonds. The piece (pictured) sold for $8,836,123 to a collector on the phone after "spirited competition". Christie's said...Read More

TAG Heuer Takes Crypto Payments for Watches

May 30, 2022 / www.idexonline.com

(IDEX Online) - TAG Heuer is now accepting crypto payments for watches sold online in the US.The luxury Swiss watchmaker says it's a "significant step on its digital transformation journey".Customers will be able pay with Bitcoin, Ethereum and a selection of 10 other cryptocurrencies, with a maximum spend equivalent to $10,000 in each transaction."We have been following cryptocurrency develop...Read More

China sovereign fund trims stake in Canada's Teck

May 30, 2022 / www.mining-journal.com

IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixChinese Strategic AllianceSPONSOREDxanadu minesCopper Fox is brim-full of potentialSPONSOREDcopper fox metalsOrford eyes massive nickel sulphides at West RaglanSPONSOREDorford miningCIC-owned subsidiary Fullbloom Investment sold 110,700 Class B subordinate voting shares on the Toronto Stock Exchange and other alternative trading system...Read More

Vanstar doubles drill program as it looks to go deep at Bousquet-Odyno in Quebec

May 30, 2022 / www.northernminer.com

Vanstar Mining (TSXV: VSR) has reported "promising" partial results from its initial drill program at the Bousquet-Odyno project in Quebec, where it hopes to expand the gold system at depth. Highlights from the two reported drill holes included 21 metres grading 5.23 grams gold per tonne starting from 301 metres (hole BO-22-63); and 6.5 metres grading 2.1 grams gold starting at 104 metres (hole...Read More

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