Following consultation with Yukon First Nations, both the territorial and federal governments have given the green light for Newmont's (NYSE: NEM, TSX: NGT) Coffee gold project to proceed, as per Yukon Environmental Socioeconomic Assessment Board's (YESAB) recommendations."The decision to approve the Coffee gold project provides much-needed certainty about the future of the project and the develo...Read More
The Canadian Mining Hall of Fame is now accepting nominations for 2023 inductees. Through their leadership and achievements, individual nominees must have shaped Canada's global leadership in mining, embodied the important role mining plays in Canadian society, and inspired future generations into mining. "Canada's mining industry continues to prove we are essential in driving our economy forward...Read More
Canada is among the world's premier jurisdictions for mineral exploration and mining and has become a go-to destination for the industry. Below, we present seven companies with exciting projects to watch.ARIANNE PHOSPHATEField crew at Arianne Phosphate's Lac ? Paul project in Quebec. Credit: Arianne PhosphateArianne Phosphate (TSXV: DAN; US-OTC: DRRSF) is focused on its shovel-ready Lac ? Paul...Read More
Glencore (LSE: GLEN) will sell its Australian CSA copper mine in New South Wales to Metals Acquisition (NYSE: MTAL.U) for US$1 billion in cash, a US$50-million equity stake in the company and a 1.5% net smelter return life of mine. In 2021, the mine produced 41,000 tonnes of payable copper and 459,000 oz. of payable silver. It is expected to produce more than 40,000 tonnes in 2022 with a...Read More
Nearly three weeks into Russia's invasion of Ukraine, many questions about the conflict are still being debated. Could the West have prevented the crisis? Will the unprecedented level of sanctions levelled against Russia - which Russian President Vladimir Putin has referred to as "economic war" - stop the bloodshed? Will the commodities price shock cause a global recession or a period of stagflati...Read More
The $811 million tax bill, including interest and penalties saw the company arrange a payment plan with the Sunat tax authority, take bank guarantees and raise $500 million via a bond issue in JulyRead More
Two ships sunk over 25 years apart. What binds them together? Two things.First, the sinking of the ships changed the trajectory of the U.S. towards joining the World Wars.A very similar thing could very well pull the U.S. past the point of no return soon, into another major war in Europe.The second similarity is what they were doing. One was carrying munitions, the other escorting them.Here are th...Read More
A Russian anti-war protester - bearing a message in two languages - recently streaked across a Moscow newsroom:This woman in question had evidently labored for the very same "news" organization. The United States media instantly shrieked with glee...What a heroic soul, they gushed. She has defied Mr. Putin before the world's watching eyes. Solzhenitsyn himself had nothing on her.In a pre-recorded...Read More
The Paris-based IEA, a watchdog which represents the interests of leading oil and gas producers including the US, warned today that the prospect of large scale disruptions to Russian oil productionRead More
Look beyond market approach to project valuations: van ZylLeadershipMining Journal and MiningNews.Net Copper Outlook ReportSPONSOREDMarvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldAnglesey Mining sharpens focus on the Parys Mountain projectSPONSOREDanglesey mining The Paris-based IEA, a watchdog which represents the interests of leading oil and gas producers includin...Read More
Mining Journal and MiningNews.Net Copper Outlook ReportSPONSOREDMarvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldAnglesey Mining sharpens focus on the Parys Mountain projectSPONSOREDanglesey mining Ero Copper touts green focus and shareholder returnsSPONSOREDero copperThis facility centres on a US$200 million commercial tranche with BNP Paribas, ING, Natixis and Soci&e...Read More
Centamin, which owns the massive Sukari gole mine in Egypt, reported a pretax profit of $153.6 million in 2021, down 51% from 2020. The lower profits were down to falling gold output, down by 8.Read More
The maiden estimate at Sunbird predicts 350,000 ounces at 3.16 grammes per tonne of gold.Read More
(IDEX Online) - Sarine is utilizing its scanning and mapping technologies to provide accurate dollar valuations of rough diamonds in terms of their polished potentialIt is harnessing digital data from its existing Galaxy, DiaExpert and Advisor products The company says this information will provide the finance sector with the confidence to extend to working capital for a polishing operation,s...Read More
(IDEX Online) - The Kimberley Process is urging Russia to immediately ends its war in Ukraine. In a strongly-worded statement the Kimberley Process Civil Society Coalition (KP CSC) also called on governments and the diamond industry to make sure that diamonds from Russia do not finance the conflict. The coalition also urges KP chair Botswana to call a special plenary meeting to that end. It says i...Read More
(IDEX Online) - Indian jewelry chain Titan Co has bought a $20m stake in the US lab grown retailer Great Heights.In a separate move it also announced plans to open around 20 stores in the next three years outside India, including the US.Titan bought a 17.5 per cent stake in Delaware-based Great Heights Inc, which sells lab grown jewelry through its Clean Origin brand. It reported gross reven...Read More
(IDEX Online) - New sanctions by the European Union ban the export of diamonds and any other luxury goods to Russia with a value over $330.The move, announced yesterday in response to Russia's ongoing invasion of Ukraine, covers the sale precious stones, crystal, caviar, wine, handbags, leather products, shoes and coats.However the 27-nation EU did not follow the US's lead in banning the...Read More
(IDEX Online) - Gold coins minted in Australia have been set with 78 pink diamonds from the iconic Argyle mine.The limited edition of just eight are legal tender, with a nominal value of AUD 2,500, but are being sold to collectors for AUD 262,800 (US$190,000).The coins (pictured), named The Jewelled Koi, are set with 80 white diamonds, as well as the Argyle pinks, and contain 10oz of gold.They hav...Read More
Mining Journal and MiningNews.Net Copper Outlook ReportSPONSOREDMarvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldAnglesey Mining sharpens focus on the Parys Mountain projectSPONSOREDanglesey mining Ero Copper touts green focus and shareholder returnsSPONSOREDero copperAccording to the latest 'Industry Monitor' report from S&P Global Market Intelligence (SPGMI), tot...Read More
Rupert Resources (TSXV: RUP) has announced new drill results from its Ikkari gold deposit and Heina South property, both part of its 100%-owned Rupert Lapland project in Northern Finland. Drill highlights from Ikkari included 110 metres grading 5.1 grams gold per tonne starting from 185 metres in drillhole 121169, and 163.3 metres grading 3.6 grams gold starting from 18.7 metres in drillhole 1211...Read More