Coal is a commodity that garners scant public support at the moment, and with dwindling funding so exploration for the crucial ingredient of steel production has declined in recent years. Steel remains in high demand, however, and the pipeline of premium metallurgical (coking) coal deposits to service this sector has almost disappeared. No-where is this looming shortfall in the delivery of coking...Read More
(IDEX Online) - About 250,000 diamond workers in Surat have been put on two weeks' unpaid leave as rough supplies are squeezed by sanctions and banking restrictions against Alrosa.The Russian miner normally accounts for around 40 per cent (by volume) of the diamonds that are cut and polished in the Indian hub."The units have been reducing working hours from 12 to eight and had given two days...Read More
(IDEX Online) - India could hugely increase its lab grown diamond production to support a "stronger and more self-reliant domestic cutting and polishing industry," says the GJEPC.It currently produces around 1.5m carats, a distant second place to China's 3m carats (Bain/AWDC figures for 2021).But Colin Shah (pictured), chairman of the Gems and Jewellery Export Council, says the lab grown indu...Read More
(IDEX Online) - Fugitive diamantaire Mehul Choksi is no longer facing charges over his "illegal entry" to the Caribbean island of Dominica almost a year ago.He is still wanted by authorities in his native India over the alleged $1.8bn Punjab National Bank (PNB) fraud.Choksi, (pictured), 62, left India in January 2018, days before the alleged fraud came to light, and relocated to Antigua and Barbud...Read More
A 30 second 4K television commercial airing nationally on BNN Bloomberg. Visit us at http://greenshoemedia.com for additional content and information.Read full newsRead More
Kumtor deal paves way for ChaaratSPONSOREDchaarat gold holdings ltd.IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixKropz set to fly after false startSPONSOREDkropzBMG returns eye-catching high-grade gold at Abercromby in WASPONSOREDbmgThe bridge loan is expected to be followed by the completion of a rights offering of at least a further US$4 million within 150 days. NorZinc s...Read More
Shares in the firm gained 4.3% or C$0.01 to C$0.24, giving the firm a market capitalisation of C$51 million.Read More
From an industry-wide marginal production cost of US$6150 a tonne in 2021 the cost of producing copper has risen to $8000/t, the bank said.Read More
All of the proceeds will be used to pay down the firm's existing credit facility and to fund capital expenditures at the Red Chris mine, the firm said.Read More
When mining in Colombia, Ecuador, and Peru, implementing corporate social responsibility (CSR) programs is simply not enough to guarantee success. Instead, mineral explorers and developers often see substantial projects halted in their tracks by staunch community-level opposition, even when projects had passed regulatory muster, says mining sector researcher, analyst and reporter Paul Harris, in...Read More
Shares of NioCorp Developments (TSX: NB) rose 50% this morning as the company's updated feasibility study for its Elk Creek niobium, titanium and scandium project in Nebraska reported the presence of about 632,900 tonnes of rare earth oxides (REO), which the firm said is the second largest indicated rare earth resource in the U.S. The rare earth resource totals 188.8 million tonnes grading 0....Read More
Colombia, Ecuador, and Peru offer miners a blend of established mining jurisdictions and areas of potentially highly-prospective and unexplored terrain. Here are eight miners active within and across the three countries to watch.CANDENTE COPPERCandente Copper's Canariaco Norte porphyry copper project 700 km northwest of Lima, Peru. Photo by Candente Copper.Vancouver-headquartered Candente Copper (...Read More
Horizonte Minerals (TSX: HZM; AIM: HZM) has kicked off construction of its Araguaia nickel mine in northern Brazil, which is set to produce 29,000 tonnes of the battery metal a year mostly destined to supply the stainless steel market. The fully funded project, which will take about two years to build, will initially generate 14,500 tonnes of nickel a year.Construction includes an open pit and...Read More
Canadian explorer Skyharbour Resources (TSXV: SYH) has inked a cash and shares deal to acquire an initial 51% stake in Rio Tinto's (NYSE: RIO; LSE: RIO; ASX: RIO) Russell Lake uranium project, in Saskatchewan.The Vancouver-based junior miner has the option of becoming the sole owner of the property, which is in the uranium-rich Athabasca basin, between two of Orano Mining's properties and near Cam...Read More
The bear is stirring. And why not? The scent of blood is in the air, after all.The Nasdaq tripped out of the gate to start the year. More than a bear market, tech stocks are down 28% YTD. Now the Dow and S&P are faltering, too, on the brink of bear territory with respective declines of 14% and 18%.It's hard to watch. No one likes to see their stocks go down. But on the other hand, we all knew th...Read More
On April 19, 2022, Xanadu Mines Ltd announced a strategic partnership to progress its Kharmagtai copper-gold project in Omnogovi Province. Under the agreement, Zijin Mining Group Co. will invest in both Xanadu and the project directly.At the corporate level, Zijin will invest A$11.3 million into Xanadu in two tranches. An initial placement on April 27 saw Zijin receive 139 million shares at an iss...Read More
The revised credit facility also includes "sustainability-linked metrics".Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipIsoMetrix launches pioneering ESG applicationSPONSOREDisometrixKumtor deal paves way for ChaaratSPONSOREDchaarat gold holdings ltd.The company reported an intersept of 420m grading 0.Read More
IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixKumtor deal paves way for ChaaratSPONSOREDchaarat gold holdings ltd.Kropz set to fly after false startSPONSOREDkropzPredictive Discovery to forge a golden future in GuineaSPONSOREDpredictive discoveryAs part of a non-brokered private placing, Agnico will increase its stake to 19.7% from 13.3% on a partially-diluted basis assuming the e...Read More
Look beyond market approach to project valuations: van ZylLeadershipIsoMetrix launches pioneering ESG applicationSPONSOREDisometrixKumtor deal paves way for ChaaratSPONSOREDchaarat gold holdings ltd.Predictive Discovery to forge a golden future in GuineaSPONSOREDpredictive discoveryThe revised credit facility also includes "sustainability-linked metrics".Read More