"Red Pine Receives Results of Gravity Survey and Identifies Jubilee Stock Extension @RedPineExpl https://t.co/B7AbYX8jsg"Read full newsRead More
Canadian miner Iamgold Corp. is exploring a possible sale of all or part of the company amid a wave of consolidation in the gold sector, according to people familiar with the matter.The Toronto-based miner is working with advisers and has spoken to several potential buyers, said the people, who asked not to be identified because the matter is private.Iamgold's plans could still change and there's...Read More
Chinese alumina prices have jumped to a five-month high on news that at least two refineries in the province of Shanxi are being shut down pending environmental inspections.So far the market impact seems localised.Shanghai aluminium prices have risen on concerns about the potential knock-on effect on metal production in China. Alumina is the intermediate product derived from bauxite used to smelt...Read More
Higher prices for industrial precious metals palladium and platinum have boosted earnings at Sibanye-Stillwater, enabling the miner to repay debt and plan to resume dividends next year, its chief executive Neal Froneman said.Sibanye, once the industry's highest dividend payer, last made a payout to investors in 2016.The company also expects to halve the amount of job cuts previously announced in t...Read More
African swine fever is likely to hurt demand for grains and oilseeds in the next couple of years, the chief executive of fertilizer dealer Nutrien Ltd said on Thursday, the latest threat to a sector already reeling from the U.S.-China trade war.CEO Chuck Magro, speaking at the BMO Farm to Market conference in New York, said agriculture markets will eventually correct themselves from the impact of...Read More
Zimbabwe's biggest gold producer sued the country's central bank for $132 million because it has been paying for the metal in a local quasi-currency rather than U.S. dollars, highlighting the business sector's dissatisfaction with the nation's financial regime.Metallon Corp., which acquired Lonmin Plc's gold mines in Zimbabwe in 2002, wants an additional $5.8 million because the central bank preve...Read More
Following the development of a reclamation program that involves the application of treated biosolids to the Central Tailings Area at the Copper Cliff nickel mine in Ontario, Vale Canada and its partner in the project, Terrapure Environmental, received an Environmental Leader Award for Project of the Year.Instead of incinerating or landfilling nutrient-rich organics, Terrapure worked with Vale to...Read More
Electric vehicles may be less prone to catch fire than gas guzzlers, but recent blazes involving Tesla Inc. and NIO Inc. cars in Greater China are prompting the industry to take steps to alleviate concerns from potential customers.Worries heightened after reports emerged of a fire involving a Tesla in a Hong Kong parking lot. Weeks earlier, a video on Chinese social media platforms showed a Tesla...Read More
Debmarine, a 50/50 joint venture between world's No. 1 diamond producer by value, De Beers, and the government of Namibia, will build a $468 million-diamond recovery ship, the world's first custom-made vessel of such a kind and the seventh in the company's fleet.The vessel, slated to start operations in 2022, would add about 500,000 carats per year of production capacity to Debmarine Namibia's out...Read More
Transition Metals (TSXV: XTM) announced this week that it has entered into an option agreement to acquire a 100% interest in the Cryderman gold property located near Shining Tree, Ontario.In order to move forward with the deal, the Sudbury-based firm has to issue $60,000 in cash and $110,000 in shares to the vendor and complete $300,000 in work over a three year period. If the company vests its in...Read More
The publication of PwC’s BC Mine report gave a boost to Canadian mining stocks this week with news that gross revenues from mining in British Columbia reached a record high last year. BC miners posted gross revenue of C$12.3 billion, compared with C$11.7bn in 2017, even as capital expenditures fell to C$1.2bn, from C$1.5bn. The revival of the Golden Triangle by an exciting array of...Read More
The junior resource sector is a people business. In my view, making money consistently in a sector which is fraught with risk and failure, without a doubt, is inextricably linked to the quality of the people who are running the companies with which I am investing.This statement, and statements like it, are very likely the most common answers you will hear from many pundits throughout the industry....Read More
American Battery Metals (CSE: ABC) announced on Friday that it has significantly expanded the size of its Temple Mountain vanadium project in Emery County, Utah, USA.The Company has doubled the size of its land package through the staking of an additional 52 new claims to the north east following the trend discovered through the recently completed geophysical survey.The claims were staked by Carl...Read More
"Northern lights have inspired many legends around the world. For the Inuit, they've long carried an air of spiritual significance, representing souls of ancestors. To construct a mine in the arctic you need innovation, resiliency and a lot of teamwork, but most importantly you develop an immense appreciation and respect for the people that have lived in this area for thousands of years. In this p...Read More
Once upon a time, the sun never set on the Empire.Its Army and Navy unrivaled, it was like something never seen before. In many ways, it hasn't been seen since.But in its glory it fell into decadence and it found its downfall.Overly dramatic? The trope-filled realm of what passes as drama these days?Perhaps, but we're not as far from it today as we'd pretend. I think a lot of people can feel it, a...Read More
Canada is giving the country's mining association more than C$325,000 ($242K) to develop a program that would give miners the tools and knowledge needed to better plan for climate change in decision-making at all stages of an operation's life.The project - Climate Change Risk and Adaptation Best Practices for the Mining Sector - was announced Friday by Paul Lefebvre, Parliamentary Secretary t...Read More
Brazil's Vale's warning that a tailings dams at its shuttered Gongo Soco mine in Minas Gerais is at risk of rupturing as soon as next week lit a fire under iron ore prices on Friday, sending the steelmaking raw material to a five-year high.The Chinese import price of 62% Fe content ore jumped 2.5% on Wednesday to trade at $101.71 per dry metric tonne, according to data supplied by Fastmarkets MB...Read More
On Monday, May 13, McEwen Mining reported that a fatal accident involving a contractor's employee occurred at the Gold Bar Mine in Nevada. The Company initiated an investigation into the accident, working with the contractor and the local authorities to determine the cause. The accident involved a haul truck that overturned while operating at the site, and the individual who was fatally injured...Read More
The junior resource sector is a people business. In my view, making money consistently in a sector which is fraught with risk and failure, without a doubt, is inextricably linked to the quality of the people who are running the companies with which I am investing.This statement, and statements like it, are very likely the most common answers you will hear from many pundits throughout the industry....Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended down Friday following a report U.S. trade talks with China are at an impasse. Apple (AAPL - Get Report) dipped slightly after analysts at Nomura lowered their already below-market-price target on concerns stemming from trade tensions between the world's two largest economies. N...Read More