Stronger anticipated output and ongoing cost management to minimize the impact of inflationary pressures would reduce costs, Torex Gold said.Read More
Around 20 tonnes of tellurium will be produced annually through a new US$2.9 million circuit built at the Kennecott refinery, Rio Tinto said.Read More
Predictive Discovery to forge a golden future in GuineaSPONSOREDpredictive discoveryOreCorp prepares to deliver Tanzania's next big gold mineSPONSOREDorecorpIsoMetrix launches pioneering ESG applicationSPONSOREDisometrixArrow Minerals on the gold discovery path in West AfricaSPONSOREDarrow mineralsAustralian Labor Party (ALP) trade and resources spokesperson Madeleine King outlined a "transfor...Read More
(IDEX Online) - The largest white diamond ever auctioned sold yesterday for $21.9m at Christie's Magnificent Jewels sale in Geneva.The 228.31-ct G/VS1 pear-shaped gem, called The Rock, beat its low estimate of $20m, but fell short of the $30m high estimate.The record auction price for a white diamond remains with a 163.41-ct D/IF Type IIa rectangular cut-cornered diamond, which sold at Christ...Read More
(IDEX Online) - Pandora today announced plans to build a $100m factory in Vietnam, as part of a plan to boost its total production capacity by 60 per cent.It will create 6,000 jobs, producing up to 60m jewelry items a year.The Danish jeweler, best known for its charm bracelets, aims to double revenue in the US and treble it in China (both from 2019 levels). The new factory in Vietnam will su...Read More
(IDEX Online) - A pure platinum coin weighing 1kg, and set with 462 fancy vivid pink diamonds (6.5 tcw) from the Argyle mine is to be auctioned.The one-off creation is the highlight of the Royal Canadian Mint's Opulence Collection, featuring gems from the iconic Australian mine that closed in November 2020.There are 436 coins altogether, using a total of 46.7 carats of Argyle pinks.The Ultima...Read More
Africa is home to bountiful reserves of metals such as gold, copper, and lithium. The continent also offers mineral exploration and development companies with large areas of underexplored terrain as well as several mining-friendly jurisdictions looking to harness mining revenues for development purposes. Here are eight miners active within Africa.ASANTE GOLDThe mill at the Bibiani gold mine, in Gh...Read More
Vale, one of the world's biggest producers of iron ore and nickel, has been in the news a lot lately. The Brazilian miner has been making strikes towards "green" credentials on the nickel side - making deals to supply low-carbon nickel to Sweden's Northvolt and to EV market leader Tesla. On the iron ore side, it's building a "green" pig iron plant in Brazil that will be the first to use its Tecno...Read More
Anglo American (LSE: AAL) has inked a joint venture deal with base-metals focused junior Arc Minerals (LSE: ARCMA) to explore for copper and cobalt in Zambia, marking the first new investment the global miner makes in the country in about two decades.Arc Minerals said Anglo American will take 70% of the JV for an aggregate investment of up to US$88.5 million, including a cash consideration of up t...Read More
Manganese X Energy (TSXV: MN; OTC: MNXXF) has delivered a positive preliminary economic assessment (PEA) for its wholly-owned Battery Hill project located near Woodstock, N.B., demonstrating the potential for a low-capital, long-life manganese mine operation in North America.The study expects the project to produce about 68,000 tonnes of high-purity manganese sulphate over a 47-year mine life. At...Read More
Precious metal producer Hochschild Mining (LSE: HOC) will invest about $200 million to build the Posse gold mine in Brazil, a project added to its portfolio last year through the acquisition of Amarillo Gold.Speaking at a mining conference in Peru, chief executive officer Ignacio Bustamante said the company expects to start production at the mine, located in Brazil's central state of Go?-as, in...Read More
Russia's war on Ukraine is dividing the global order along fault lines, and Africa risks being caught in the middle, the Investing in Africa Mining Indaba heard this week.Veracity Worldwide CEO Steven Fox told the conference that Russia's invasion of Ukraine had triggered an increased focus on geopolitical factors that had once been the topic of polite conversation among corporate leaders."This is...Read More
The project would yield an after-tax net present value of US$486 million at a 10% discount rate and a 25% internal rate of return with a 2.Read More
Adding 15% means the capital estimate is now $920 million of which the company said it has spent $400 with the project about 50% completed.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 discoveryRegulations surrounding water access and usage are increasing and getting tougher, as well as the concept of personhood appearing on the...Read More
It should be pretty clear that a whole lot of investors want out of the market.Who can blame them? The NASDAQ is getting slaughtered, the Dow and S&P 500 are down about 12% and 15%, respectively, for the year. Meanwhile a broader view of U.S. stocks using the Russell 2000 shows a drop over 20%.It's brutal out there, and with money flowing out over the last five months, it is easy to understand why...Read More
FPX Nickel Corp: We met with the management team of what could be the giant scale nickel resource that North American factories needRead full newsRead More
Patriot (CSE:PMET) now holds the title to 100 per cent of the Corvette Property in Quebec.Read full newsRead More
Chief executive of Tesla and Space-X gives exclusive interview at Future of the Car conferenceRead full newsRead More
VANCOUVER, British Columbia, May 11, 2022 (GLOBE NEWSWIRE) -- Prime Mining Corp. ("Prime", or the "Company") (TSX.V: PRYM) (OTCQB: PRMNF) (Frankfurt:Read full newsRead More