News and Reports

Historic Tanco mine in Manitoba producing lithium again - but this time under China's Sinomine

April 29, 2022 / www.northernminer.com

More than a decade after shutting down lithium production, the Tanco mine in Manitoba started producing lithium spodumene concentrate in December, the mine's facility general manager Joey Champagne told The Northern Miner in an interview, making it a rare manufacturer of the raw material in Canada. Owned by Sinomine Resources, a company listed on the Shenzhen Stock Exchange in China, the mine...Read More

Appian to pony up $85M loan for Western Potash's Milestone project in Saskatchewan

April 29, 2022 / www.northernminer.com

Western Potash, a subsidiary of Western Resources (TSX: WRX) will receive an $85-million loan from Appian Capital Advisory to complete the construction and development of the first phase of its Milestone potash project in Saskatchewan. The deal includes a six-year term loan facility at an interest rate of 12.5% per year, a grant of a 1.5% royalty based on the project's gross revenue, and the is...Read More

Antofagasta opens remote operations centre at Centinela mine

April 29, 2022 / www.northernminer.com

Chilean miner Antofagasta (LSE: ANTO) has opened a $66-million integrated remote operations centre (IROC) for its Centinela copper mine in the country's north.The centre is expected to improve safety, productivity and quality of life of employees, who will be able to work out of the region's capital city rather than at the site."The IROC is part of the company's strategy towards modern mining that...Read More

Eldorado Gold to resume Skouries construction in H2

April 29, 2022 / www.northernminer.com

Canada's Eldorado Gold (TSX: ELD; NYSE: EGO) is aiming to resume construction at its Skouries gold-copper mine in northern Greece in the second half of the year, as it continues to work on a financing package.Progress at the project, halted since 2017, was in the past hindered by both government delays in issuing permits and community opposition over the possible environmental impacts of gold...Read More

Far North Snapshot: Eight companies venturing into the remote north for minerals

April 29, 2022 / www.northernminer.com

Although there are many examples of fabulously rich gold, diamond and base metals mines that have been developed in the Far North, the mineral potential of the northern reaches of Canada, the U.S., and other nations remains largely untapped. Here are eight exploration, development and mining companies active in the Arctic and near-Arctic. BMC MINERALS Drillers at BMC Minerals' Kudz Ze Kayah proj...Read More

Stagflation Isn't Coming. It's Already Here.

April 29, 2022 / www.outsiderclub.com

Stagflation isn't coming.It's already here.Inflation hit 8.5% in March, making for the fastest 12-month pace since 1981.And the Commerce Department reported yesterday that the U.S. economy contracted by 1.4% on an annualized basis through the first three months of 2022. That's a far cry from the 7% percent growth experienced in the final three months of 2021, and the weakest quarter since the spr...Read More

Time to Worry

April 29, 2022 / dailyreckoning.com

"If we get a recession in 2022 or 2023," The Wall Street Journal informs us, "it'll be a mild one."Just so. And if RMS Titanic strikes a North Atlantic berg en route to New York... it will only be a tiny one.The United States Department of Commerce reports that first-quarter gross domestic product contracted 1.4%.The shrinking was "unexpected" - at least by the experts among us. A Dow Jones survey...Read More

Falcon Appoints Glayton Dias Exploration Manager for BC & South America

April 28, 2022 / bit.ly

Falcon Gold Corp. (TSXV:FG), (GR:3FA), (OTCQB:FGLDF); (Read full newsRead More

Lithium Americas backs ASX newcomer

April 28, 2022 / www.mining-journal.com

GT1 was formed to take control of Ardiden's legacy lithium assets is raising $55 million, including LAC's investment. The raising was priced at A$1.05 per share, a 6% discount to recent trading, but well above the 24c level of its $24 million initial public offer in November.  LAC will become a 5.2% shareholder in GT1. Existing major shareholders AMCI Australia and Primero...Read More

Equinox Gold drills 69 g/t gold over 3.5 metres at Bahia belt, Brazil

April 28, 2022 / www.canadianinvestor.com

Share this article VANCOUVER - Equinox Gold Corp. [EQX-TSX, NYSE American] reported positive drill results from its 2021 exploration drilling in the 70-km-long greenstone belt in Bahia State, Brazil, that hosts the 100%-owned Fazenda and Santa Luz gold mines. Exploration identified multiple near-mine and regional discoveries that highlight growth potential in the Bahia belt."The 2021 exploration...Read More

GR hits big with Plomosas infill drilling

April 28, 2022 / www.mining-journal.com

The hole was part a surface infill drilling programme at the Plomosas mine area, targeting intervals on the upper levels of the historical Plomosas underground mine where unsampled intervals ofRead More

Rio Tinto invests in Arizona Sonoran Copper

April 28, 2022 / www.mining-journal.com

Ero Copper touts green focus and shareholder returnsSPONSOREDero copperIsoMetrix launches pioneering ESG applicationSPONSOREDisometrixBlackEarth Minerals boosts graphite asset in MadagascarSPONSOREDblackearth mineralsChampion Iron to fuel green steel revolutionSPONSOREDchampion iron Nuton is Rio's portfolio of proprietary copper leach related technologies which aim to deliver increased copper reco...Read More

Lithium Americas backs ASX newcomer

April 28, 2022 / www.mining-journal.com

Look beyond market approach to project valuations: van ZylLeadershipEro Copper touts green focus and shareholder returnsSPONSOREDero copperIsoMetrix launches pioneering ESG applicationSPONSOREDisometrixHistoric assays build hype for Alicanto at SalaSPONSOREDalicanto mineralsGT1 was formed to take control of Ardiden's legacy lithium assets is raising $55 million, including LAC's investment.&nb...Read More

Biden ties $33bn Ukraine funds to strategic minerals...

April 28, 2022 / www.mining-journal.com

Ero Copper touts green focus and shareholder returnsSPONSOREDero copperIsoMetrix launches pioneering ESG applicationSPONSOREDisometrixBlackEarth Minerals boosts graphite asset in MadagascarSPONSOREDblackearth mineralsChampion Iron to fuel green steel revolutionSPONSOREDchampion iron Part of the $33 billion funding request to Congress would, if approved, be used to develop US domestic production of...Read More

US SEC charges Vale over Brazil dams, ESG disclosures...

April 28, 2022 / www.mining-journal.com

Ero Copper touts green focus and shareholder returnsSPONSOREDero copperIsoMetrix launches pioneering ESG applicationSPONSOREDisometrixBlackEarth Minerals boosts graphite asset in MadagascarSPONSOREDblackearth mineralsChampion Iron to fuel green steel revolutionSPONSOREDchampion iron The SEC's complaint, filed in U.S.Read More

Rio Tinto to Help 1,100 Workers when Diavik Closes

April 28, 2022 / www.idexonline.com

(IDEX Online) - Plans to close Canada's Diavik mine in 2025 will have a significant impact on the local economy, owners Rio Tinto warned this week.The deposit (pictured), 300 km northeast of Yellowknife, is one of the largest employers in Northwestern Territories, providing 1,100 jobs, and contributing almost 10 per cent of its GDP.However, Rio Tinto says it will helps workers redeploy within...Read More

Burgundy Encouraged by Fancy Orange and Yellow Diamonds Found at Naujaat

April 28, 2022 / www.idexonline.com

(IDEX Online) - Bulk sampling has confirmed a "significant population of fancy orange and yellow diamonds" at Canada's Naujaat mine.Australian owners Burgundy say they are encouraged by results of the project, which is 70 per cent complete.A total of 268 diamonds over 0.21 carats, weighing 117.98 caratswere recovered from 1,316 dry tonnes of kimberlite at the mine, in the remote, Arctic terri...Read More

Glencore revises full year production guidance

April 28, 2022 / www.mining-journal.com

Glencore has reduced its copper guidance for 2022 by 3% or 40,000 tonnes and cut its cobalt guidance by 6% or 3,000 tonnes because of setbacks at the Katanga mine, the Zug-headquartered commoditiesRead More

Lundin beats estimates, lands Josemaria

April 28, 2022 / www.mining-journal.com

Ero Copper touts green focus and shareholder returnsSPONSOREDero copperIsoMetrix launches pioneering ESG applicationSPONSOREDisometrixBlackEarth Minerals boosts graphite asset in MadagascarSPONSOREDblackearth mineralsChampion Iron to fuel green steel revolutionSPONSOREDchampion iron Lundin posted attributable earnings of US$345.1 million or $0.47 per share for the first three months of this year,...Read More

Vale's soft production hits financials

April 28, 2022 / www.mining-journal.com

West Africa an improved opportunitySPONSOREDMakuutu magnetises support for Ionic Rare EarthsSPONSOREDionic rare earthsFortuna backs West Africa for growthSPONSOREDfortuna silver minesLake Resources targeting 100ktpa lithium productionSPONSOREDlake resources"Despite the challenging quarter in our operations, we are on track to deliver on our commitments for 2022," the mining giant's CEO Eduardo Bar...Read More

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