Earlier in 2022, YESAB recommended to the territorial and federal governments that the project be allowed to proceed, with the recommendation being recently accepted.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 copperThe manufacturer suspended its free cash flow guidance, and warned that its plan to spin out steel ope...Read More
"The time is now to permanently remove all Russian energy from the American marketplace," said Senator John Barrasso, Republican ranking member of the Senate Energy and Natural Resources Committee.Read More
Oil prices rallied by over 7% today following a warning by the Paris-based International Energy Agency yesterday that that the prospect of large scale disruptions to Russian oil production threatenedRead 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 copperPrice gains among the mining industry's leading commodity products have averaged over 50% since Februa...Read More
In early February, communities near the mine blocked the railroad used for shipping concentrates from the Cuajone mine, which produces 7,000 tonnes per day of copper, to Ilo where it has a refinery.Read More
As part of its five-year critical minerals strategy announced today, Ontario will invest $24 million over three years in its Junior Exploration Program, half of which will be invested for a critical minerals funding stream, and $5 million for a critical minerals innovation fund. The strategy aims to better connect mines in the north to the manufacturing sector in the south, specifically to Ontari...Read More
Fortuna Silver Mines (TSX: FVI; NYSE: FSM) has said that its proven and probable gold reserves have increased by 81% on a year-on-year basis, while its silver reserves decreased by 10%. The company announced updated reserve and resource estimates for its four operating mines and development projects in the Americas and West Africa. More than half of the new reserve ounces are from assets acquir...Read More
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