Lucara Diamond Corp, which has recovered two of the largest diamonds in recent history, is turning to technology to ensure growth in an industry where new mine acquisitions remain elusive.For the Vancouver-based junior miner, that means using advanced technology like sorting based on atomic density to boost value from its Karowe mine in Botswana, and also diversifying away from mining into an onli...Read More
RCT has finished a major automation project at Matsa Resources' Aguas Te??idas and Magdalena mines in the Huelva province of Spain.The project involved installing ControlMaster guidance automation on four CAT R2900G underground loaders and one automation centre surface control station at Matsa's Aguas Te??idas copper-lead-zinc mine.The Automation Centre is fitted out with RCT's multiple machine co...Read More
Minaurum Gold (TSXV: MGG) has more than doubled the size of its Alamos silver project in Sonora, Mexico.In a press release, the Vancouver-based miner said that it staked an additional 20,872 hectares, which makes the project over 37,000 hectares in size.Minaurum also announced that its ongoing district-scale reconnaissance mapping found four new vein zones, which were named Rosario, La Dura Oeste,...Read More
Pure Energy Minerals Limited (TSXV: PE) reached a deal this week with subsidiaries of Schlumberger Limited (NYSE: SLB) on the terms of an earn-in agreement providing for the development of the company's Clayton Valley lithium project in Nevada.Under the earn-in agreement, the company granted an option in favour of the investor to acquire all of the Pure Energy's interests in Clayton Valley."The in...Read More
TMAC Resources has recorded its first positive earnings for Q1 2019. The quarterly revenue was C$67.9 million (compared to C$33.0 million in the same quarter a year earlier). That translated into a comprehensive profit of C$7.2 million for the recent quarter (compared to a Q1 2018 loss of C$15.0 million) after taxes, foreign exchange, corporate costs and cost of sales.TMAC produced 40,050 oz. of g...Read More
Earlier this week the Canadian Institute of Mining, Metallurgy and Petroleum recognized Roy Slack as the new president for a one-year term. He is the former president and is currently a board member of Cementation Americas.Toronto-based Ivanhoe Mines has named Tony. S. Giardini its new president. Lars-Eric Johansson, who has been president and CEO since May 2007, is retiring at the end of June 201...Read More
Nickel mining stocks were boosted this week by positive reports on demand for the metal and a major deal that takes a Canada nickel mining company into uncharted territory. Pure Nickel (TSXV: NIC) took a big step to diversifying its portfolio and focus this week in a deal that sees it become the majority developer of an Idaho gold project. In a complex all-share agreement with junior mini...Read More
A new report by GlobalData shows the value of deals in the metals and mining sector jumped from last year, despite the number of agreements inked falling.The independent analytics firm's data shows overall deal value in Q1 2019 grew by 6.3% to $22.5B from $21.2B in the same period last year. Deal volume decreased by 8.7% from 358 in Q1 2018 to 327 deals in Q1 2019.CIBC tops the list, with the Cana...Read More
Large scale gold mining in sub-Saharan Africa has reduced infant mortality in nearby communities, with rates falling by 50% among those born within 10km of a gold mine, conclusion new research by Anja Benshaul-Tolonen published in the May 2019 issue of The Economic Journal. Benshaul-Tolonen's research finds that local industrial development may be an effective way to reduce infant mortality in...Read More
Mining giant Rio Tinto (ASX, LON:RIO) is ramping up exploration at its Winu discovery in Western Australia, which could be the company's next major copper project.Speaking at conference in Sydney this week, group executive of growth and innovation Stephen McIntosh said the company's main goal for now is to determine whether Winu was a "Rio Tinto scale" project.The copper-gold-silver discovery, a p...Read More
Cache Exploration (TSX-V:CAY) announced the acquisition of a 100% mineral interest in a gold project in Mali, West Africa.In a press release, Cache said that it signed a definitive agreement with private vendor Rachid Mogabgab and that the acquisition includes an estimated $250,000 in mining equipment previously utilized at the project.To go ahead with the deal, the Vancouver-based firm has to iss...Read More
Tudor Gold (TSXV: TUD) made public this week the 2019 exploration plans for its flagship Treaty Creek project, located in the Golden Triangle of northwestern British Columbia.In a press release, the Vancouver-based miner said the primary exploration target within Treaty Creek is the Goldstorm system."From the southwest corner of the Treaty Creek claims, which are bordering Seabridge's claims, the...Read More
May 03, 2019 Guest(s): Jorge Ramiro Monroy Managing Director, Emerging Markets Capital Gold has already peaked in terms of production, but it may be years before prices reflect this reality, this according to Jorge Ramiro Monroy, managing director of Emerging Markets Capital. "We're all waiting for that scenario to really unfold," Monroy told Kitco News on the sidelines of the Mines and Money Ne...Read More
May 03, 2019 Guest(s): Doug Groh Portfolio Manager, Tocqueville Low gold prices could present an opportunity for investors, said Doug Groh, portfolio manager at Tocqueville. "It looks like there's some real fundamental interest from central banks, from investors around the world that are looking at the equities markets and saying 'hey, record highs in equities markets and record lows in the gold...Read More
Fastmarkets MB proposes to launch a weekly price assessment of South America import aluminium-zinc alloy coated steel coil, reported on a dollar-per-tonne cfr South America basis.Market participants have been reporting significant liquidity in this market, with steady volumes being traded weekly.Based on the most widely traded product specification, the weekly price assessment for S...Read More
Aluminium's three-month price on the London Metal Exchange fell over 1% at the close of trading on Friday May 3, with downward pressure emerging amid more than 230,000 tonnes of inflows over the week, while continued US dollar strength deters investors. Aluminium registered just over 10,000 lots traded at the close this afternoon, the lowest count since April 25, with thin volumes persisting due t...Read More
An overview of the battery raw materials markets and their price moves.Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Nasdaq reached a record close as a positive April jobs report muted concerns about interest rates. Amazon.com ( AMZN - Get Report) rose after Warren Buffett said Berkshire Hathaway ( BRK.A - Get Report) ( BRK.B - Get Report) has been buying shares of the online retailing giant. Newell Brands (NWL - Get Report) reported better...Read More
An overview of the battery raw materials markets and their price moves.Read More
Notwithstanding today's absurdly phony and propagandistic employment report, it's becoming more apparent by the week that the Fed and the U.S. Government are once again preparing to print more money. I don't know when the Fed will revert to more QE but I would argue that the intense effort by the banks to use the Comex as a conduit to control the price of gold is a probable signal - just like in 2...Read More