However Katanga's gross profit for the full year increased to $13.4 million from a $6.5 million gross loss in 2017.It said the profit was related to resuming production and ramping up its Whole Ore Leach project at its majority-owned Kamoto Copper Company (KCC), but was impacted by the temporary cobalt suspension due to its uranium content, and increased mine infrastructure and support costs.Katan...Read More

Key data from the Wednesday February 20 pricing session in Shanghai. Cobalt metal key drivers  The domestic Chinese cobalt metal price trended lower midweek due to thin spot activity following the Chinese New Year holiday on February 4-10 as well as lower offers from some suppliers who were trying to offload stocks.  Mainstream offers and sales for Jinchuan-brand cobalt were around 290,0...Read More

Alderan unlocking Frisco potentialSPONSOREDalderan resourcesThe Toronto-based miner reported a loss of US$3.5 million or 1c per share in the fourth quarter, compared with profit of $94.3 million or 36c per share a year earlier.Read More

"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftEastern promise for PolarXSPONSOREDpolarxCobalt leader talks about new era for project, IdahoSPONSOREDecobalt solutionsGolden Mile positioned for successSPONSOREDgolden mile resources"Our preliminary review of the DEIS shows no major data gaps or substantive impacts associated with a mine at...Read More

Domestic stainless steel prices in China increased slightly over the past week amid an uptick in demand.Fastmarkets MB's domestic price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,700-15,000 yuan ($2,185-2,230) per tonne including value-added tax for the week ended Wednesday February 20, narrowing upward by 100 yuan per tonne from 14,600-15,000 per to...Read More

"Had the opposition party… won the election," said the president Tuesday," the Stock Market would be down at least 10,000 points by now."Instead, Mr. Trump exulted, "We are heading up, up, up!"And for the moment "we" certainly are.The stock market has largely been heading up, up, up two months running.We are convinced the Federal Reserve's newfound dovishness is far more responsible than the...Read More

Losing your job is one of the most devastating life events both emotionally and financially.Open the paper or do a quick Google search online and you'll see all the recent corporate layoffs happening in America.This month, General Motors said it was starting to hand pink slips to about 4,000 salaried workers in the latest round of restructuring.In January, CNBC reported Verizon Media Group, former...Read More

In a shocking turn of events, the Canadian Province of Alberta abandoned free market capitalism in December of 2018.This was a story we were on top of as events unfolded.Following the lead of dictators and oppressive regimes around the world, Alberta announced the enactment of mandatory production cuts for large oil producers operating in the province.Keep in mind that Alberta is the Canadian equi...Read More

ELKO, Nevada, Feb. 21, 2019 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) is pleased to announce that Datamine of Denver, CO, has recently completed a comprehensive drill hole analysis of U.S. Gold Corp.'s Copper King gold-copper-silver-zinc deposit, located in Southeast Wyoming. Datamine included all of the historic drilling database and the step-out drill programs conducted by U.S. Gold Corp....Read More

In a one hour and forty-five minute conference call on Feb. 13, barely seven weeks after the merger of Barrick Gold (TSX: ABX; NYSE: GOLD) and Randgold Resources became effective on Jan. 1, newly installed president and CEO Mark Bristow said he was excited "by the prospect of putting the Barrick brand back where it belongs, and that is at the head of the gold mining industry," and that the new tea...Read More

Harte Gold's (TSX: HRT; US-OTC: HRTFF) Sugar Zone gold mine in northern Ontario reached commercial production on Jan. 1, and permitting is underway to increase throughput to 800 tonnes per day.In the meantime, the company has just folded into a revised resource estimate, 90,000 metres of infill and step-out drilling it completed last year across the Sugar, Middle and Wolf Zones.The drill program e...Read More

Black Iron (TSX: BKI; US-OTC: BKIRF) and Glencore (LON: GLEN) are in talks to finance construction of the junior's Shymanivske iron ore project in Ukraine and have signed a non-binding memorandum of understanding to begin formal negotiations on the financing-offtake package."They've had their eye on this project for a while and a number of things are quickly coming together such that Glencore beli...Read More

Barsele Minerals (TSXV: BME; US-OTC: BRSLF) has tabled an updated resource estimate for its Barsele gold project in northern Sweden totaling 5.5 million indicated tonnes grading 1.81 grams gold per tonne for 324,000 oz. gold and 25.4 million inferred tonnes at 2.54 grams gold for 2.08 million oz. gold.The resource is split between pit constrained, bulk underground and selective underground mining...Read More

After 18 months of drilling at its Golden Hill exploration project in southwestern Burkina Faso, Teranga Gold (TSX: TGZ; US-OTC: TGCDF) has completed a maiden resource estimate.The plan is to build on the resource and advance the project through a preliminary economic assessment and into the feasibility stage of development.Golden Hill contains 415,000 ounces of gold in 6.40 million indicated tonn...Read More

Lu DongliangAluminum Corp of China Ltd, known as Chalco, said on Thursday its chairman Yu Dehui had resigned and been replaced by the company's president, Lu Dongliang.The appointment to the top job marks a rapid promotion for the 45-year-old Lu, who had only served as president at Chalco, the listed arm of China's biggest state-owned aluminium firm Chinalco, for one year.Lu is himself replaced as...Read More

"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftEastern promise for PolarXSPONSOREDpolarxCobalt leader talks about new era for project, IdahoSPONSOREDecobalt solutionsGolden Mile positioned for successSPONSOREDgolden mile resourcesAustralian and international mining stock price indices have more than doubled since early 2016.Read More

Cobalt leader talks about new era for project, IdahoSPONSOREDecobalt solutionsMining Journal: Did you learn anything new at Indaba?  Andy Leyland: I was actually quite surprised by how far advanced some of the African battery raw material projects are.Read More

FLSmidth and AuTec Innovative Extractive Solutions Ltd. ("AuTec"), a subsidiary of Barrick Gold Corporation ("Barrick"), have entered an agreement for the purchase of the hydrometallurgical and mineral processing capabilities of AuTec by FLSmidth. The agreement includes related equipment and key personnel. Offers of employment will be made to approximately ten AuTec employees by FLSmidth. FLSmidth...Read More

A recognized pioneer in the drilling industry, Boart Longyear has been serving customers for 129 years with the latest drilling innovations and services. At this year's PDAC 2019 convention, the company will be focusing on how it provides valuable geological data that creates immediate results for customers.Boart Longyear's Drilling Services is already well known for safe, hassle-free meters drill...Read More

Brazil's mining agency (ANM) has ordered Vale (NYSE:VALE) to suspend operations at its Fabrica and Vargem Grande complexes, as part of an ongoing crack down following last month's deadly dam break at the iron producer's Corrego do Feij??o mine.Vargem Grande complex, which accounts for around 13 million tonnes of iron ore per year, had been shut since early February.The Rio de Janeiro-based company...Read More