Farewell Chevy Volt, we hardly knew ye. General Motors Co.'s award-winning plug-in hybrid electric vehicle (PHEV), launched in 2010 as the company was emerging from bankruptcy, is one of the models being ditched as part of sweeping cutbacks GM announced Monday.As one of the relatively few plug-in car options available in the U.S., and a symbol of GM's shift toward new technologies, the Volt's impe...Read More
Pilot study for a major vehicle manufacturerCollaboration with University of Liege that produces concentrates from recovered magnetsMontreal - Geomega Resources Inc. ("G?(C)oM?(C)gA" or the "Corporation") (TSX.V: GMA) is pleased to announce that Innord Inc. ("Innord"), a private subsidiary controlled by G?(C)oM?(C)gA, has entered into a collaboration agreement with University of Liege who is condu...Read More
Goldcorp (TSX:G, NYSE:GG) and IBM Canada (NYSE:IBM) just launched IBM Exploration with Watson, a new technology that applies artificial intelligence to predict the potential for gold mineralization and is also capable of using search and query capabilities across a range of exploration datasets."The potential to radically accelerate exploration target identification combined with significantly imp...Read More
Commodity bull Goldman Sachs Group Inc. is undaunted by the sell-off in raw materials and is forecasting returns of about 17 percent in the coming months, describing the current situation as unsustainable and touting this week's G-20 meeting in Buenos Aires as a potential turning point."Given the size of dislocations in commodity pricing relative to fundamentals - with oil now having joined metals...Read More
MEXICO CITY - Former workers of Mexican miner Grupo Mexico plan to block access to the giant Buenavista copper mine on Dec. 1 to pressure the company and the country's incoming leftist government to give them back their collective labor contracts.The planned industrial action is part of a longstanding dispute after Grupo Mexico fired the mine's workforce and reopened it in 2010, following a federa...Read More
ONTARIO - The skyline of Kirkland Lake changed recently when the 65-metre-tall concrete headframe for Kirkland Lake Gold's new Macassa No.4 shaft was slip formed in just 10 days.Another significant event in the No.4 shaft construction occurred when the team of Cementation, Tesc, Anmar, Northern Equipment, Niiwin GP, Shaba Testing, Peter Bull, MDB Mining, the Ontario Provincial Police, and Kirkland...Read More
MELBOURNE - A hive of mine exploration activity is underway in a remote corner of Western Australia's Great Sandy Desert, led by Rio Tinto Ltd , which has boosted its holdings 10-fold in the little explored Paterson province in the past year.Rio's interest in the area - flagged by its application for nearly 30 exploration licenses - has sparked a stampede into adjacent lots by other explorers, who...Read More
CAIRO - Saudi Arabia aims to raise the kingdom's mining revenues to $64 billion from $17 billion by 2030, Energy Minister Khalid al-Falih said on Monday.Mining vast untapped reserves of bauxite, phosphate, gold, copper and uranium is key to the Saudi Arabia's efforts to diversify its economy away from hydrocarbons.Studies indicate that the level of the likely geological reserves in the kingdom exc...Read More
A maiden resource estimate on Eldorado Gold's (TSX: ELD; NYSE: EGO) Bolcana copper-gold project in Romania, about six km from the company's Certej project, has delivered 6.5 million inferred ounces of gold.The inferred resource of 381 million tonnes grading 0.53 gram gold per tonne and 0.18% copper for 6.5 million ounces of contained gold and 686,000 tonnes of copper, was based on 98 diamond drill...Read More
Roscan Gold (TSX-V: ROS) announced that it is moving forward with the development of its Kandiol?(C) Project and has just started a 3,500-metre Air Core drilling program, designed to test several of the numerous gold geochemical anomalies identified at the site.Kandiol?(C) is 100%-owned by the Canadian miner and it is located in the gold prospective Birimian Rocks of West Mali, east of B2Gold's Fe...Read More
Toronto, Ontario - Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) (the "Company" or "Seabridge") announced today that it has closed its previously announced non-brokered private placement of one million common shares of the Company at a price of $14.00 per share for gross proceeds of $14,000,000. No commissions were payable on this transaction. The proceeds from the financing will be used to fund gener...Read More
November 27, 2018The next Fed meet (and rate hike) is December 19, and just weeks after that, U.S. president Donald "The Golden Trumpster" Trump may be set to unleash a new round of inflationary and growth-crushing tariffs.It's not easy (to put it mildly) for American business to create new factories to replace the products made by highly productive Chinese factories.So, for 2019, most top U.S. ba...Read More
Earlier this month, Wheaton Precious Metals (TSX:WPM)(NYSE:WPM) announced earnings for the most recent quarter, which showcased several notable drops when compared to the same quarter last year, leading to a drop in the stock's share price, which is currently trading down 5% this month.As the world's largest streamer of precious metals, a weaker than expected set of results from Wheaton could be a...Read More
Eurasian Resources Group has concluded power supply arrangements for its Frontier mine in the Democratic Republic of Congo.The contract was signed by the Soci?(C)t?(C) Nationale d'??lectricit?(C), the national electricity company of the Republic of Zambia; and Rawbank, a top commercial bank in the DRC.Frontier mine is a cornerstone of ERG's copper business and is situated on the DRC-Zambia border....Read More
Mr. Ralph Shearing reportsTELSON REACHES AGREEMENT WITH NYRSTAR TO AMEND LOAN AGREEMENTTelson Mining Corp. has reached an agreement to amend the terms of its loan agreement dated June 13, 2018, with Nyrstar Canada (Holdings) Ltd. The amended terms of the loan agreement will help Telson to better manage its cash flows at Campo Morado in a subdued zinc price environment.Effective Nov. 19, 2018, Tels...Read More
What's the future of warfare look like?For centuries humans fought hand-to-hand, with clubs, swords, pikes, and maces.Those weapons were replaced by cannons and flintlock rifles, which gave way to artillery and machine guns, which were superseded by tanks and fighter jets.What's next?Robots.Tanks, jets, and massive aircraft carriers continue to play a part in today's military modernization efforts...Read More
Australia-based Forefront played a significant role in the future of international mine safety when it launched an innovative application product to the worlds' mining community at the fourth International Symposium on Block and Sublevel Caving, held in Vancouver October 2018.The event presented the perfect opportunity to launch HEX-RITE, a lifting tool used for charging high explosives into drawp...Read More
Mr. Darrell Rader reportsMINAURUM SAMPLES 102 G/T GOLD AND 4.6% COPPER AT NEWLY DISCOVERED ALESSANDRA VEINMinaurum Gold Inc. has made its first high-grade gold discovery at the Alamos silver project in Mexico. The newly discovered Alessandra vein zone lies in the eastern part of the project, approximately one kilometre southeast of the Ana zone (see news release dated June 5, 2018).Alessandra meas...Read More
Minnesota- based Tacora Resources has secured the needed cash to restart the Scully iron ore mine at Wabush, Newfoundland. Funds are available from a $212 million private equity and senior secured debt financing as well as up to $64 million in mining equipment and debt financing.Tacora acquired the Scully mine in July 2017 and conducted a feasibility study for the mine's reopening. The results w...Read More
Mr. Ralph Shearing reportsTELSON REACHES AGREEMENT WITH NYRSTAR TO AMEND LOAN AGREEMENTTelson Mining Corp. has reached an agreement to amend the terms of its loan agreement dated June 13, 2018, with Nyrstar Canada (Holdings) Ltd. The amended terms of the loan agreement will help Telson to better manage its cash flows at Campo Morado in a subdued zinc price environment.Effective Nov. 19, 2018, Tels...Read More