News and Reports

Surge hits chalcocite blanket at Berg

March 08, 2022 / www.mining-journal.com

Highlights included 325.1m grading 0.42% copper equivalent from 15 metres downhole depth with the hole ending in mineralization, and 357m grading 0.Read More

Los Andes hits 1km intercept at Vizcachitas

March 08, 2022 / www.mining-journal.com

The company reported an intercept of 1,177m grading 0.43% copper and 198 parts per million molybdenum, or 0.Read More

Gold sector healthy but stress to come

March 08, 2022 / www.mining-journal.com

However, their reluctance to take advantage of strong cash flow generation to pay down debt saw the aggregate debt increase 12.4% to $18.Read More

Canada's Dolly seeks C$10 million

March 08, 2022 / www.mining-journal.com

Alma Metals seeks the future of copper in AustraliaSPONSOREDalma metalsBattery materials poised for another strong year in 2022SPONSOREDwood mackenzieShorrocks vies to repeat Bellevue, Auteco successes at CygnusSPONSOREDcygnus goldTrigg buoyed by scoping study, SOP priceSPONSOREDtrigg miningThe funding will allow further exploration, mineral resource expansion and drilling in Kitsault Valley locat...Read More

Glencore's green makeover unwrapped

March 08, 2022 / www.mining-journal.com

Mining Journal and MiningNews.Net Copper Outlook ReportSPONSOREDEro Copper touts green focus and shareholder returnsSPONSOREDero copperFor C3 Metals, X marks the spotSPONSOREDc3 metalsGreat Panther, great prospectsSPONSOREDgreat pantherReports about the company are increasingly about its green credentials and the fact it has the highest exposure to energy transition metals than any of the majors.Read More

Geodrill finishes 2021 with strong quarter as net income...

March 08, 2022 / www.mining-journal.com

Mining Journal and MiningNews.Net Copper Outlook ReportSPONSOREDEro Copper touts green focus and shareholder returnsSPONSOREDero copperFor C3 Metals, X marks the spotSPONSOREDc3 metalsGreat Panther, great prospectsSPONSOREDgreat pantherGeodrill hopes that a strong gold price and new contracts will see the good results continue through 2022. The Q4 net income stood at US$2.8 million, or $0.06...Read More

Lucapa Invests in Angola and Australia Diamond Explorations

March 08, 2022 / www.idexonline.com

(IDEX Online) - Lucapa today announced a $9.1m investment that will allow it to speed up exploration projects in Angola and Australia, as diamond prices maintain their steep rise.The Australian miner also said it was exploring a strategic collaboration to sell goods from its newly-acquired Merlin mine directly to the luxury jeweler Margot McKinney.Stephen Wetherall, Lucapa's managing director...Read More

Prices Surge, says Petra, as it Announces $140m Rough Sales

March 08, 2022 / www.idexonline.com

(IDEX Online) - Petra says like-for-like rough diamond prices rose by 46.5 per cent in the six months to December 2021 amid strong demand across all sizes and qualities.The UK-based miner today announced sales of $140.6m at Tender 4, an increase of almost 10 per cent on Tender 3. Last week it announced an interim figure for around 80 per cent of sales as it held Tender 4 in South Africa for t...Read More

War in Ukraine: Luxury Brands Pull out of Russia

March 08, 2022 / www.idexonline.com

(IDEX Online) - Luxury brands including LVMH, Richemont, Chanel, Kering and Hermes are suspending their operations in Russia, in response to its invasion of Ukraine.LVMH, which owns Christian Dior, Tiffany & Co, Givenchy, Kenzo, TAG Heuer and Bulgari closed all 124 of its outlets on Sunday in Moscow, St. Petersburg and Yekaterinburg, but said it will keep on paying its 3,500 employees.Richemon...Read More

Alba Minerals, GreenRoc Mining up on initial Amitsoq graphite resource

March 08, 2022 / www.northernminer.com

The London-listed equities of Alba Minerals (LSE: ALBA) and GreenRoc Mining (AIM: GROC) rose on Tuesday following a maiden graphite resource for the Greenland-based Amitsoq project.GreenRoc has compiled a Joint Ore Reserves Committee- (JORC) compliant indicated and inferred resources of 8.28 million tonnes at an average grade of 19.75% graphitic carbon, giving a total graphite content of 1.63 mill...Read More

Russia's Ukraine invasion to fuel reorientation of commodity markets: BMO

March 08, 2022 / www.northernminer.com

Russia's invasion of Ukraine, already pushing up prices for an array of commodities rapidly higher since it began on Feb. 24 - including adding a record 250% to the price of nickel over the past two days - will have longer-lasting structural effects on metals and mining markets and supply, said BMO Metals and Mining in a report released on Monday. The report "Ukraine & Russia: Identifying Exposur...Read More

Women in mining still facing bullying, discrimination - report

March 08, 2022 / www.northernminer.com

Women working across the resource industry continue to face challenges around bullying, discrimination and inequitable treatment, a new report by the Australasian Institute of Mining and Metallurgy (AusIMM) shows.According to the document, which is based on the responses of 550 people polled for the organization's fourth annual Women in Mining Survey, 70% of female respondents said bullying is com...Read More

The Northern Miner Podcast - episode 281: It's time to 'fast-track permitting in a responsible manner', ft Integra Resources president and CEO George Salamis

March 08, 2022 / www.northernminer.com

This week's episode features Integra Resources president and CEO George Salamis in conversation with Northern Miner Podcast host Adrian Pocobelli. George discusses the recent BMO conference in Florida, supply concerns ("We're short on everything"), and how North America can streamline its metal production with faster permitting timelines.This week's CEO Spotlight features Lomiko Metals chief execu...Read More

LME cancels nickel trading after price soars past US$100,000 a tonne

March 08, 2022 / www.northernminer.com

The London Metal Exchange (LME) cancelled nickel trading on Tuesday after a first-time 250% price spike triggered by Western sanctions against major producer Russia, which left brokers struggling to pay margin calls against unprofitable short positions.Prices for the metal, key ingredient in batteries that power electric cars and high-tech devices, soared to a record above US$100,000 a tonne amid...Read More

Mkango produces rare earth metals from Songwe Hill project in Malawi

March 08, 2022 / www.northernminer.com

Mkango Resources (TSXV: MKA) says that it has produced neodymium and praseodymium enriched rare earth carbonate on a pilot basis from raw materials taken from its Songwe Hill Rare Earths project in Malawi in east Africa. The company's CEO William Dawes told The Northern Miner that the hydrometallurgical piloting, which took place at Australia's Nuclear Science and Technology Organisation, was a...Read More

Chile mining nationalisation slim possibility

March 08, 2022 / www.mining-journal.com

Companies working in the mining sector in Chile see little chance that the proposal will prosper and make it to the final draft constitution given that it has already been rejected once for inclusion by the plenary session of the Constitutional Convention. A second rejection by the plenary session will see the proposal be dropped for good."The environment committee is one of several committee's ma...Read More

Putin's Options

March 08, 2022 / dailyreckoning.com

There's no doubt that the financial sanctions put on Russia by the U.S., the U.K., EU members and others are the most severe ever imposed. The U.S. Treasury has announced 15 separate sanctions programs in recent days and no doubt more are on the way.The targets of these sanctions include Russian banks, Russian stocks and bonds and various payment channels. Most significantly, the U.S. froze the ac...Read More

Let Me Tell You About the "Murmansk Run"

March 08, 2022 / www.outsiderclub.com

Some 80 years ago, some poor young man on the HMS Sheffield, clearly not willing to smile for reasons probably related to the conditions depicted, was captured on film in a God-forsaken corner of the world:The U.S. was swirling around the maelstrom that was World War II as it sent rickety cargo ships to sleepy ports few Americans knew about - some worse than others.Welcome to the "Murmansk Run."Pa...Read More

Geodrill finishes 2021 with strong quarter as net income surges

March 08, 2022 / www.mining-journal.com

Geodrill hopes that a strong gold price and new contracts will see the good results continue through 2022. The Q4 net income stood at US$2.8 million, or $0.06 per share, which saw 2021 net income rise 88% year-on-year to $14.1 million, or $0.31 per share. The West Africa-based company's revenue hit $26.7 million in Q4, having risen by 8% year-on-year.For 2021, the company's revenue was $...Read More

Russian metals giant Norilsk Nickel, a key supplier of nickel and palladium, might be too big to sanction

March 07, 2022 / www.wsj.com

Norilsk Nickel is a key supplier of nickel and palladium, two metals that are key for electric-vehicle batteries and semiconductors.Read full newsRead More

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