Mining companies are increasingly using streaming deals for growth rather than to repair balance sheets, the chief executive officer of the world's largest precious metals streaming company said. Randy Smallwood of Wheaton Precious Metals said that around 45% of the assets the company currently streams are development assets with funding provided while mines are built. "We had a phase, for a three...Read More
Vancouver, British Columbia (February 7, 2019) - PRIZE MINING CORPORATION ("Prize"or the "Company") (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) wishes to advisethat the Company has filed the audited Annual Financial Statements andManagement Discussion and Analysis ("MD&A") for the fiscal year endedAugust 31, 2018. In addition, theCompany has also filed its Interim Financial St...Read More
The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday February 6:Aluminium scrapLoose old rolled cuttings: ?700-730 per tonne from ?710-730Cast wheels: ?1,190-1,225...Read More
Turkish deep-sea scrap import prices were stable on Wednesday February 6 despite news of a freshly booked cargo, sources told Fastmarkets.A steel mill in the Marmara region booked a European cargo comprising 12,000 tonnes of shredded at $328 per tonne cfr and 6,000 tonnes of busheling at $359 per tonne cfr for March shipment.Offer prices...Read More
February 7, 2019 - Brixton Metals Corporation (TSXV: BBB) (OTC: BBBXF) (the "Company" or "Brixton") is pleased to announce that it has acquired the Wilson Claims through a Purchase and Sale Agreement from a private vendor. The Wilson Claims comprise 5 claims for an aggregate 192.32 hectares in size. These claims are located within Brixton's large claim group at the Atlin Goldfields project located...Read More
Zhenzhen Yu, assistant professor of metallurgical and materials engineering at Colorado School of Mines, has received a National Science Foundation CAREER Award for work to accelerate the design of interlayer alloys for use in the joining of dissimilar materials.The project, "Understanding of Diffusion and Deformation Mechanisms in Multi-Principal Element Alloy Interlayers for Manufacturing of Mul...Read More
A Colorado School of Mines professor of mining engineering is part of a team whose proposal for using big data to improve living conditions for Syrian refugees in Turkey has won a prize in an international competition. H. Sebnem Duzgun, Fred Banfield Distinguished Endowed Chair in Mining Engineering, alongside researchers from her alma mater, Middle East Technical University in Ankara, took part...Read More
Chris Higgins, associate professor of civil and environmental engineering at Colorado School of Mines, was recently featured in a news article in the journal Nature about his and other scientists' work to trace perfluorochemicals in the environment. Also interviewed was Jennifer Field PhD '90, an enviornmental chemist at Oregon State University who frequently collaborates with Higgins. From the a...Read More
The following is a release by the Silver Institute, a Washington, D.C.-based non-profit association that draws its international membership from across the breadth of the silver industry, including silver miners, refiners, bullion suppliers, manufacturers of silver products and wholesalers of silver investment products. For more information, visit www.silverinstitute.org.Last year, the silver mark...Read More
Simon Moores, managing director of battery minerals advisory firm Benchmark Mineral Intelligence, appeared before a U.S. Senate committee for energy and minerals on Feb. 5, 2019, to once again sound the alarm on the lack of a domestic supply chain in the U.S. for the battery minerals lithium, cobalt, nickel and graphite. (With Tesla's Gigafactory in Nevada being a notable exception.)The podcast pr...Read More
Gainey Capital's (TSXV: GNC; US-OTC: GNYPF) first pass sampling at its newly-optioned Las Margaritas gold project in Durango, Mexico, sampled up to 40 grams gold per tonne and confirmed the project's previously reported 1.5-1.6 km strike length. Peter Megaw leads the company's exploration team.The company took 42 samples at Las Margaritas including chip samples from old pits, chip-channel samples...Read More
In the first expansion drilling since 2015 on its Grasset deposit in the Abitibi greenstone belt of Quebec, Balmoral Resources (TSX: BAR; US-OTC: BALMF) has extended the known depth of the nickel, copper, cobalt and PGE deposit by several hundreds of metres.The junior explorer reported this week that Grasset's H1 zone has now been intersected for 1,140 metres along strike and from the bedrock surf...Read More
Geologist Eric Saderholm and venture capitalist Warwick Smith started looking for a mining project to collaborate on two years ago.The pair had worked together for five years at Western Pacific Resources (TSXV: WRP), which Smith co-founded in 2009, and where Saderholm served as president, before they brought in a financial partner and management team to run the company in 2014."It was a great part...Read More
Vale (NYSE: VALE) has declared force majeure on a series of iron ore and pellets sales contracts after a Brazilian state court ordered it to suspend production from its Brucutu mine in the state of Minas Gerais.The court order also bans Vale from storing tailings in the Laranjeiras dam at Brucutu, following the collapse last month of the Brumadinho tailings dam at its Feijao iron ore mine that has...Read More
Atlantic Gold (TSXV: AGB; US-OTC: SPVEF) says recently completed diamond drilling at its Cochrane Hill gold deposit in Nova Scotia is confirming mineralization extensions initially identified in its 2018 drill program.Highlights from the latest resource extension drill program include 11 metres grading 43.65 grams gold from 227 metres downhole, including 1 metre at 466 grams gold and 7 metres at 2...Read More
Machine Learning drives exciting new feature for PitramSPONSOREDmicromineGolden Mile positioned for successSPONSOREDgolden mile resourcesCardinal advances at pace in Ghana SPONSOREDcardinal resourcesRevised Leonora PFS is next for KinSPONSOREDkin miningReceived wisdom tells us it is possible to have too much of a good thing.Read More
Machine Learning drives exciting new feature for PitramSPONSOREDmicromineGolden Mile positioned for successSPONSOREDgolden mile resourcesCardinal advances at pace in Ghana SPONSOREDcardinal resourcesRevised Leonora PFS is next for KinSPONSOREDkin miningSo, explaining risks, encouraging realistic expectations and managing the associated disclosure obligations should be a core competence of anyone o...Read More
Machine Learning drives exciting new feature for PitramSPONSOREDmicromineGolden Mile positioned for successSPONSOREDgolden mile resourcesCardinal advances at pace in Ghana SPONSOREDcardinal resourcesRevised Leonora PFS is next for KinSPONSOREDkin miningMining Journal asked Benchmark's senior analyst Any Miller whether this could be construed as the jurisdiction getting serious about its role in th...Read More
* Q4 underlying profit down 85 pct* Brazil restrictions hit profit* Timing on resuming full Alunorte output uncertain* Macroeconomic uncertainty could sap 2019 demandNorwegian metals producer Norsk Hydro warned it would miss its 2019 savings targets after falling far short of fourth-quarter earnings forecasts due to restricted output in Brazil, sending shares down 8 percent to their lowest in two...Read More
* Govt working to unblock giant Simandou iron ore project* Infrastructure cost is considered a major obstacleGuinea stands by its requirement that output from the long-delayed Simandou iron ore project must be exported from a Guinean port, despite the collapse of a deal aimed at jump-starting development, its mines minister said on Wednesday.Simandou is one of the world's biggest iron deposits, co...Read More