News and Reports

Colombia miners brace for environmental crackdown

May 30, 2022 / www.northernminer.com

Miners operating in Colombia are bracing for tighter environmental rules as the two anti-establishment presidential candidates that made it to a runoff on June 19, have promised stricter environmental rules and controls over the industry.After no candidates were able to reach on Sunday's election more than the 50% of votes required to win outright, the South American nation will have to choose bet...Read More

Glencore suspends production at Raglan mine in Nunavik after workers strike

May 30, 2022 / www.northernminer.com

Production at Glencore's (LSE: GLEN) Raglan nickel mine at Nunavik has been suspended as hundreds of unionized workers went on strike for the first time in 25 years on the night of May 27. Nearly 98% of the 630 workers from the United Steelworkers Union, Local 9449, voted in favour of a strike in late May citing issues including the use of subcontractors, deteriorating labour relations as well...Read More

Mawson Gold rises on high-grade intersection at Sunday Creek in Australia

May 30, 2022 / www.northernminer.com

Mawson Gold's (TSX: MAW) shares rose by more than 50% on May 30 after its 60.3% owned subsidiary Southern Cross Gold (ASX: SXG) reported a high-grade drill result from its Sunday Creek project in Victoria, Australia. Highlights from drill hole SDDSC033 included 5.2 metres grading 14.7 grams gold per tonne starting from 189.9 metres; 5.1 metres grading 17.7 grams gold starting from 160.5 metres;...Read More

JV Article: Illumiti helps mining companies reap the benefits of digitization

May 30, 2022 / www.northernminer.com

Today's mining companies are complex organizations that operate in dynamic and evolving business environments. To manage a successful mining operation involves navigating the diverse and increasingly complex challenges of sustainability, governance, and stakeholder engagement on top of the requirements of managing finances, inventories, and supply chains that are common to all operators.Illumiti,...Read More

Demand for green metals from recycling expected to grow - report

May 30, 2022 / www.northernminer.com

As the ESG spotlight shifts onto the mining and metals sector, there is increased interest in recycling as a source of green metals, a recent report by White & Case states.According to the law firm, the ideas around the circular economy, where all aspects of the economy are repurposed and/or reused, align well with recycling, while relatively high commodity prices also make the often resource-inte...Read More

Workers at Baffinland ask Canada to approve mine expansion

May 30, 2022 / www.northernminer.com

Unionized workers at Baffinland Iron Mines' Mary River iron ore operation on the northern tip of Baffin Island, in Canada's territory of Nunavut, are urging the federal government to approve the company's request for a shipping limit expansion.After four years of consultations and deliberations, the Nunavut Impact Review Board (NIRB) rejected on May 13 Baffinland's request to more than double...Read More

JV Article: Lundin Gold is now generating significant free cash flow

May 30, 2022 / www.northernminer.com

Last year was an exceptional one for Lundin Gold (TSX: LUG) and its high-grade Fruta del Norte underground mine in southeastern Ecuador, 130 km northeast of Loja, the country's fourth-largest city.The company generated US$268 million of free cash flow in 2021 from the production of 428,514 oz. of gold at an all-in sustaining cost (AISC) of US$762 per oz., beating its guidance of 380,000 to 420,000...Read More

The challenge of doing business in Africa

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 miningIn fact, Glencore outperformed two if its main rivals, BHP and Rio Tinto, topped only by Anglo American when looked at over the five trading days to Friday...Read More

JV Article: Illumiti helps mining companies reap the benefits of digitization

May 30, 2022 / www.northernminer.com

Today's mining companies are complex organizations that operate in dynamic and evolving business environments. To manage a successful mining operation involves navigating the diverse and increasingly complex challenges of sustainability, governance, and stakeholder engagement on top of the requirements of managing finances, inventories, and supply chains that are common to all operators.Illumiti,...Read More

Signet Braced for a Record 2.5m US Weddings This Year

May 29, 2022 / www.idexonline.com

(IDEX Online) - Signet says it's braced for more weddings this year than any time in the last 40 years, as couples finally exchange their vows after the Covid pandemic.Gina Drosos (pictured), CEO of the world's largest diamond jewelry retailer, said there would be 2.5m nuptials in 2022, compared with the usual 1.8m to 2.2m."We know the average time between when people meet and when they...Read More

Diamond Factory Manager in Suicide Probe

May 29, 2022 / www.idexonline.com

(IDEX Online) - The manager of a diamond factory in Surat is reported to have killed himself after he was allegedly tortured while in police custody.   Local media say Mukesh Sojitra had been accused of stealing diamonds from a company named as Parin Diamonds, where he worked. He had denied the claim.   The dead man's brother said Sojitra was severely beaten by police officers...Read More

Ostentatious Stupidity

May 28, 2022 / dailyreckoning.com

When I wrote the book The Long Emergency nearly 20 years ago, I never thought that, once it got going, our government would work so hard to make it worse. My theory then was just that government would become increasingly bloated, ineffectual, impotent and uncomprehending of the forces converging to undermine our advanced techno-industrial societies.What I didn't imagine was that government would b...Read More

Column: Market turbulence won't slow #aluminum's green drive

May 27, 2022 / bit.ly

The Chinese aluminum juggernaut has run out of momentum and smelters in Europe are powering down, writes Andy Home.Read full newsRead More

Aurwest drills 6.2 g/t gold over 0.9 metres at Paradise Lake, Newfoundland

May 27, 2022 / www.canadianinvestor.com

Share this article VANCOUVER - Aurwest Resources Corp. [AWR-CSE; AURWF-OTC] reported drill results from recent exploration drilling at the Paradise Lake project, central Newfoundland. These initial results provide analytical assay data results for the first three drill holes completed as part of the 11-hole drilling program at Paradise Lake within the 4.5-km long Cape Ray Valentine Lake corrido...Read More

Shanta delivers company-best results at West Kenya...

May 27, 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 miningThe standout intersection from the 2,286m phase-two campaign was 13.8m grading 46.7g/t gold from 224m at the Bushiangala deposit, one of two at the project...Read More

Maiden resource at Malaoi for Rockfire

May 27, 2022 / www.mining-journal.com

Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipIsoMetrix launches pioneering ESG applicationSPONSOREDisometrixChinese Strategic AllianceSPONSOREDxanadu minesThe JORC-compliant inferred resource came in at 2.3 million tonnes and graded 11% zinc-equivalent. It was based on historical government drilling results from 1979 and...Read More

GSilver moving towards profitability

May 27, 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 miningThe company produced 125,423 ounces of silver in the three months to March 31 and 1,880oz of gold for 275,823 oz silver equivalent with a 23% fall in all-i...Read More

First Quantum Minerals to redeem US$500mn of debt

May 27, 2022 / www.mining-journal.com

It is another move by a North America-based miner to reduce debt as revenue increases on higher metals and commodity prices.  The redemption will amount to a reduction of 6.Read More

"Fit" is key for future gold M&A

May 27, 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 miningHaving compiled a data set of more than 40 deposits in the hands of junior explorers with declared resources, which shows aggregate resources of more than...Read More

Billionaire Friedland seeks Ivanhoe Electric listings

May 27, 2022 / www.mining-journal.com

The planned dual listing was "in order to support American supply chain independence and to deliver the critical metals necessary for the electrification of the country," the firm said in a prospectus filed to the NYSE. Ivanhoe Electric owns the Santa Cruz copper project in Arizona which it says is the second-largest copper deposit in the US. It also holds rights to the Tintic gold-coppe...Read More

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