Pandion Mine Finance is giving Nordic Gold (TSX: NOR) an additional US$7 million in funding so that the junior can put its Laiva gold mine into production and pour first gold on November 27.The funds are supplemental tranches to a $20.6 million gold-forward sale Nordic signed with Pandion in December 2017. Under the latest financing, Nordic will deliver an additional scheduled monthly quantity of...Read More
Treasury Metals (TSX: TML; US-OTC: TSRMF) has updated the resource at its 100% owned Goliath gold project near Dryden, Ontario, for the first time since 2015, boosting underground gold equivalent ounces 64% in the measured and indicated categories.However, the updated resource is only slightly larger than the original resource. Treasury has redefined the pit shell so that it constrains fewer gold...Read More
ArcelorMittal SA said on Wednesday it would pay 74.69 billion rupees ($1.01 billion) to creditors of two Indian companies in which it previously held stakes, in order to make its acquisition offer valid for Essar Steel, another debt-ridden Indian steel firm.ArcelorMittal will clear overdue debt of steel firm Uttam Galva Steels and oil and gas pipeline construction services provider KSS Petron, two...Read More
Oct 17 (Reuters) - BHP has not seen a material impact from current global trade tensions on its business but remains cautious in the near term, the world's biggest miner said on Wednesday."We closely monitor the external environment, in particular the market volatility triggered by current global trade tensions. Though we have not seen a material impact on our business, we remain cautious in the n...Read More
Botswana Diamonds (LON:BOD) and its joint venture partner in Zimbabwe Vast Resource (LON:VAST), are stepping up exploration activity at their concession in the African nation's Marange Fields area.The decision comes after the companies received Wednesday a preliminary geological assessment of the property, which shows Heritage contains several targets for modern alluvial diamond placer deposits.It...Read More
LUSAKA, Oct 17 (Reuters) - Mining companies operating in Zambia will still meet their operational costs even after the government imposes higher taxes in Africa's No.2 copper producer, its finance minister said on Wednesday.Mwanakatwe told parliament that even with the proposed taxes, we are confident that mining companies will be able to meet their operational costs.Zambia plans to introduce new...Read More
The world market for salt is forecast to grow fast, a newly released report by Roskill reveals. Salt is used to produce chlorine, caustic soda and a range of other chemicals required by industry.Roskill reports the Chinese chemical sector will continue to drive demand for high purity salt to 2027, and will be a major factor driving future projects in Asia and India.By 2027, Asia is forecast to acc...Read More
"#LMEweek was the latest forum for debate over where a sustainable #cobalt supply will come from. We spoke to @CDMRawles about the reality for battery and carmakers ($) | https://t.co/n1jeJSRmqt"Read full newsRead More
"Uranium hopeful Berkeley Energia has been smashed on the stock exchanges after a report its Spanish project would be blocked by the government | https://t.co/1fdXtnyaHk #ASX #LSE $BKY"Read full newsRead More
The Chilean government said on Wednesday it would seek international arbitration...Read full newsRead More
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Dutch battery maker Lithium Werks BV, founded earlier this year, is investing 1.6 billion euros ($1.85 billion) in a massive lithium-ion cell factory in China as demand for batteries is surging.Read full newsRead More
BHP's Nickel West operation in Western Australia is aiming to sell 90 percent of output to the battery sector by the end of next year, switching away from a traditional customer base in the stainless steel market.Laboratory tests are also developing methods to produce cobalt sulphate, another key materialRead full newsRead More
European auto sales tumbled 23% in September after new emissions test rules took hold, dragging the auto sector lower and halting today's rally.Read full newsRead More
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