News and Reports

ESG standards' Indigenous blind spot could threaten critical metals push

May 02, 2022 / www.northernminer.com

The Global Reporting Initiative is an ESG standard used by the vast majority of the world's largest public companies to disclose their environmental, social and governance risks. But it only directly highlights Indigenous rights as material to a public company's sustainability reporting when a community has sued or registered a complaint against the company. It's something a coalition of 86 First...Read More

Snow Lake drills 1.49% LiO2 over 34.5 metres in Manitoba

May 02, 2022 / www.northernminer.com

Snow Lake Lithium (NASDAQ: LITM) has provided the first results of winter drilling at the northeast extension of its Thompson Brothers (TBL) spodumene pegmatite deposit located in northwest Manitoba. These results represent only the first three of the 40 total holes that Snow Lake has submitted for analysis.The best intercept came from TBL-027, with an intersection of 1.49% LiO2 (lithium oxide) o...Read More

Europe's Green Deal requires massive amounts of battery metals - study

May 02, 2022 / www.northernminer.com

A recent study by KU Leuven University in Belgium shows that meeting the European Union's Green Deal goal of climate neutrality by 2050 will require 35 times more lithium and 7 to 26 times the amount of rare earth metals compared to Europe's current use.According to the paper, the energy transition will also require 30% more aluminum than what is employed today in the continent, as well as 35% mor...Read More

Australian court okays MMG's Tasmania tailings dam study to proceed

May 02, 2022 / www.northernminer.com

In what has been labelled a 'pro-mining judgment against the environment' by a non-governmental organization, Chinese-owned base metals producer MMG Inc. has won the right to continue preliminary works for a controversial mine tailings dam inside the takayna/Tarkine rainforest in Tasmania's west.In a statement released on May 2, the Hong Kong-listed and Melbourne-headquartered miner welcomed the F...Read More

Sandstorm Gold buys two royalty firms for US$1.1B

May 02, 2022 / www.northernminer.com

Canada's Sandstorm Gold (TSX: SAND; NYSE: SAND) is growing in scale and size with the acquisitions of one royalty company and an extensive package from another for a combined total of US$1.1 billion.The company said on Monday it had agreed to buy Nomad Royalty in an all-share transaction valued at US$590 million and agreed to acquire nine royalties and one stream from BaseCore Metals for US$525 mi...Read More

South32 boosts Brazil green aluminum supply with bauxite mine buy

May 02, 2022 / www.northernminer.com

Australia's South32 (LSE: S32; ASX: S32) is on track to double its green aluminum production in Brazil by early 2023 with the acquisition of an 18.2% stake in the Minera????o Rio do Norto (MRN) bauxite mine from Alcoa Corp. (NYSE: AA).The transaction represents a crucial step for the company in consolidating its vertically integrated aluminum supply chain in Brazil, bringing South32's holdings in...Read More

Livent to buy Pallinghurst's Nemaska stake

May 02, 2022 / www.mining-journal.com

Livent agreed to form QLP, a 50:50 joint venture with The Pallinghurst Group, in late 2020, which took a 50% ownership of the Nemaska lithium project development project in Quebec and Ontario, Canada,Read More

U.S. Government Targets Elon Musk for Twitter Purchase

May 02, 2022 / www.outsiderclub.com

Dear Outsider,There's something strange going on in the land of information.In a world where everyone gets their content from YouTube and social media, the last decade or so has seen an erosion of truth. Not just factual truth, but life lessons as well.For proof, just look at all the conflicting information we got about the pandemic... death rates, infection statistics, etc.What's more is modern n...Read More

Bosses at State-Run Diamond Company Face Fraud Probe

May 01, 2022 / www.idexonline.com

(IDEX Online) - A judicial inquiry into systemic political corruption at Alexkor, South Africa's state-owned diamond company, has issued a long list of recommendations to pursue the alleged perpetrators.It focuses on alleged links between Alexkor and members of the super-wealthy Gupta family, who were close to former president Jacob Zuma, who now live in Dubai, and who have been described by...Read More

Sanctioned Alrosa set to Sell Rough to Gokhran

May 01, 2022 / www.idexonline.com

(IDEX Online) - Alrosa may be about to sell its rough diamonds to the state-run Gokhran, in a swift reversal of fortunes. The Russian miner had been buying back gems of late, as a surge in post-lockdown demand outstripped its production capacities.Now, with widespread sanctions and banking restrictions in place over Russia's invasion of Ukraine, it is hoping the Gokhran - repository of p...Read More

IDEX Price Report for 1 May: Fancies Fall, Mixed Fortunes for Rounds

May 01, 2022 / www.idexonline.com

(IDEX Online) - Prices slowed during April. Fancies fell sharply, rounds were more mixed.RoundsA more mixed picture than of late, ending months of near-blanket price rises. Goods over 3.0-ct still saw a raft of increases, albeit with some decreases, especially among 5.0-cts. Price drops dominated in goods under 0.80-cts. Among 0.80-cts-2.99-cts there was much activity and a near-even mix...Read More

Taking copper to the Max in Cesar

May 01, 2022 / www.mining-journal.com

This was an oft repeated experience during a two-day field trip with Max Resource advisor and Colombia geology expert, Dr Chris Grainger to see what is rapidly becoming one of the most talked aboutRead More

ANLA shelves AngloGold Quebradona appeal

May 01, 2022 / www.mining-journal.com

IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixOreCorp prepares to deliver Tanzania's next big gold mineSPONSOREDorecorpArrow Minerals on the gold discovery path in West AfricaSPONSOREDarrow mineralsBlackEarth Minerals boosts graphite asset in MadagascarSPONSOREDblackearth mineralsThe company filed an appeal against the shelving in November in order to remedy the gaps in its en...Read More

Landslide Kills 12 Women at Illegal Gold Mine

May 01, 2022 / www.idexonline.com

(IDEX Online) - Twelve women died in a landslide at an  illegal gold mine in Indonesia.They were working two metres underground at an abandoned mine in Mandailing Natal district, North Sumatra, when a cliff collapsed, triggering the landslide on Thursday (28 April). Two women who were above ground at the time survived.Police chief Marlon Rajagukguk told local media: "The cliff around the mine...Read More

OceanaGold smashes quarterly records

April 29, 2022 / www.mining-journal.com

IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixOreCorp prepares to deliver Tanzania's next big gold mineSPONSOREDorecorpArrow Minerals on the gold discovery path in West AfricaSPONSOREDarrow mineralsBlackEarth Minerals boosts graphite asset in MadagascarSPONSOREDblackearth mineralsRevenue and EBITDA smashed prior records of US$286 million and $158 million respectively, with a n...Read More

Police clear Las Bambas protestors

April 29, 2022 / www.mining-journal.com

The mine has been plagued by protests by different communities intermittently since it came into production in 2016, seeking greater social investment from the mine and mitigations from the noise andRead More

Brazil's Vale denies US SEC charges

April 29, 2022 / www.mining-journal.com

  The SEC on April 28 charged Vale with making false and misleading claims about the safety of its dams prior to the January 2019 deadly collapse of its Brumadinho dam in Brazil.Read More

Orla in US$150 million financing for Mexico mine

April 29, 2022 / www.mining-journal.com

The credit facility includes a US$100 million term facility and a US$50 million revolving facility through a syndicate of lenders composed of The Bank of Nova Scotia, Bank of Montreal and CanadianRead More

Finland Beckons New Listing

April 29, 2022 / www.mining-journal.com

IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixOreCorp prepares to deliver Tanzania's next big gold mineSPONSOREDorecorpArrow Minerals on the gold discovery path in West AfricaSPONSOREDarrow mineralsBlackEarth Minerals boosts graphite asset in MadagascarSPONSOREDblackearth mineralsWith an A$8-12 million capital raising underway, Nordic Nickel is set to join 27 new resource stoc...Read More

Red Chris production drops 10% qoq

April 29, 2022 / www.mining-journal.com

Copper production in Q1 stood at 13.3 million pounds, having dropped 10% from Q4 2021, and gold production of 13,610 ounces, was down by 11%, the company said.Imperial noted that block cave mining is advancing with the exploration decline at 1,225 metres as of April 20 and related surface infrastructure development is expected to be "substantially" complete by June.The feasibility study for the bl...Read More

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