Germany-based fertilizer producer K+S AG (FRA:SDF1) revised up its production outlook on Tuesday, as weather-related production stoppages at its Werra potash plant are expected to be shorter than previously thought.Production at the plant will now only be halted from December 24 to 26, K+S said, as recent rainfall raised water levels of the Werra river, used for minerals production and transpo...Read More
The Glencore-controlled mining company Katanga Mining has today agreed to pay USD $22 million to settle allegations by Canadian regulators that it had failed to comply with disclosure requirements, including that it had not properly described risks of doing business with a controversial middleman in Democratic Republic of Congo (DRC). Several of Katanga's current and former directors and executive...Read More
Mitsubishi Corporation is selling its interest in two Australian thermal coal mines for A$750 million ($539 million) to its joint venture partners Glencore and Sumitomo Corp., in a move that marks the end of its involvement in upstream fossil fuels.The company, which is Japan's biggest trading house, will sell its 31.4% stake in the Clermont coal mine to GS Coal, the 50-50 joint venture between Gl...Read More
Australia's largest gold producer, Newcrest Mining (ASX: NCM) has upped its holdings in Ecuador-focused explorer SolGold (LON, TSX:SOLG), which is developing the Cascabel copper-gold project in the country's north.The deal further bolsters Newcrest's position in SolGold against No.2 shareholder, BHP, as it raises its stake in the junior miner to 15.33% from 13.83%.In September, BHP bought Guyana G...Read More
LAGOS - Nigeria's first gold refinery is expected to more than triple its capacity within five years after operations begin next June, an executive at the company developing it said on Tuesday.Nere Teriba, vice chairman of local firm Kian Smith Trade & Co, said the refinery would initially be able to produce three tonnes per month of gold and one tonne of silver, rising to 10 tonnes a month of gol...Read More
An epidemic is killing thousands of coal miners, and regulators could have stopped it, according to a joint National Public Radio (NPR) and PBS Frontline investigation.'Black lung' has been plaguing coal miners for generations across Appalachian states, and in Virginia, NPR tracked the plights of former coal miners suffering from the disease.The multiyear investigation found that the former coal...Read More
Pacific Empire Minerals (TSXV: PEMC) announced that it has entered into an option agreement with a group of vendors and consolidated a land position of over 90 square kilometres in the Babine copper-gold porphyry district in central British Columbia, Canada.In a media statement, the prospect generator said that the staked ground was added to its Paragon project, which also includes the company's W...Read More
LISBON, Dec 18 - Portugal expects to launch a tender for lithium exploration licences next year, the new secretary of state for energy said on Tuesday, confirming the general outlines of a plan devised under his predecessor, although with a slight delay.Portugal does not want to be a country that just drills holes in the ground and exports the oresIn September, Joao Galamba's predecessor Jorge Seg...Read More
BRITISH COLUMBIA - Toronto-based Seabridge Gold has promising induced potential and drilling results from its 100% owned Iskut gold property 110 km northwest of Stewart. All indications point toward a large copper-gold porphyry system.The results indicate a robust hydrothermal breccia containing abundant clasts of chalcopyrite-pyrite-magnetite in veined intrusive rocks and stock works positioned o...Read More
SASKATCHEWAN - Fifteen kilometres from the rapidly advancing Wheeler River project, Vancouver's Skyharbour Resources is finding high grades at the Moore uranium project.Drill hole ML18-14 intersected high grade uranium mineralization within the Main Maverick zone consisting of 3.11% uranium oxide over 1.8 metres within an interval of 15.2 metres containing 0.56% uranium oxide. This is one of the b...Read More
Vedanta Zinc International (VZI), a subsidiary of London-listed Vedanta Resources (LON:VED), is bringing its Black Mountain Mining (BMM) operations in South Africa up to speed in terms of digital innovations by implementing Sandvik's OptiMine platform.The miner, which expects to boost safety, efficiency and productivity with the solution, said it will commission OptiMine for trucks, loaders and d...Read More
The U.S. stock market continues to implode. At the same time, precious metals, bitcoin, and the Indian stock market are acting as superb safe havens.Please click here now. Double-click to enlarge this great short term gold chart.Note the positive bounce from buy-side support at $1237, and the inverse H&S bottom pattern. A fresh rate hike from the Fed tomorrow could crush the stock market again...Read More
The great Burl Ives once sang, "Silver and gold, silver and gold, everyone wishes for silver and gold."Ives was singing as a snow man to Rudolph the Red-Nosed Reindeer at the time, but he might as well have been crooning to the stock market.Minerals are a staple that almost every investor considers adding to their portfolio. Like oil and gas, gold, silver and copper will continue to be bought and...Read More
Pretium Resources Inc. (TSX,NYSE:PVG) has closed on the previously announced $480 million debt facility to refinance its existing construction credit facility.The company has also repurchased 100% of the callable 8% gold and silver stream that was sold as part of the construction financing package for the development of the Brucejack gold-silver mine in British Columbia.Last week, Pretium reported...Read More
Publisher's Note: Mr. James Dines runs one of the world's longest-lasting financial newsletters, The Dines Letter, and has become a legend among investors.Here is a look at how 2018 has worked out for his readers, and some guidance on where to be now and in the year to come.To your wealth,Nick HodgePublisher, Outsider ClubFashions, after all, are only epidemics. -George Bernard ShawFor some re...Read More
WATERLOO, Ont. - Zhongwei Chen, a chemical engineering professor at the University of Waterloo, and teams from universities in China have created a powder that could trap twice the amount of carbon dioxide than conventional materials.Once the powder is saturated with carbon dioxide, it can be transported to underground storage sites, thus keeping the gas out of the atmosphere.The new material is a...Read More
In Chicago, Mayor Rahm Emanuel wants to use tax revenue from legal marijuana sales to fund pensions."Illinois legislators will be taking a serious look next year at legalizing recreational marijuana," Emanuel said in a speech to the city council. "Should they follow that course, a portion of that revenue could go toward strengthening our pension funds and securing the retirement of the workers who...Read More
ONTARIO - Toronto-based North American Palladium has signed a major mine development contract with Redpath Canada of North Bay, Ont. Redpath. The expansion will double the capacity of the mine and mill to 12,000 t/d from 6,000 t/d. The project is 85 km northwest of Thunder Bay.The contractor will conduct underground development for a major expansion at the Lac des Iles palladium mine. To access or...Read More
President Donald Trump has lambasted the U.S. central bank multiple times over the past year.Fed Chairman Jerome Powell says, "Nothing will deter us from doing what we think is the right thing to do."The Fed raises its benchmark interest rate by a quarter-point on Wednesday, despite Trump's tweets against more rate hikes.Michael Sheetz| @thesheetztweetzPublished 5 Hours AgoUpdated3 Hours AgoCNBC.c...Read More
SASKATCHEWAN - UEX Corporation has released the maiden resource estimate for its 60% owned Christie Lake uranium joint venture. JCU (Canada) Exploration Co. is the 40% owner of the project located 9 km northeast of and along strike of the McArthur River uranium mine in the Athabasca Basin.The project is still in the early stages, and the drill holes were widely spaced, but the inferred resource is...Read More