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Empire Mine Land Position Increased From 1,837 to 5,717 Acres (7.43 to 23.14 Square Kilometres)...

February 28, 2019 / twitter.com

"Empire Mine Land Position Increased From 1,837 to 5,717 Acres (7.43 to 23.14 Square Kilometres) https://t.co/VA2goa1MzI"Read full newsRead More

Goldplay Announces Positive Metallurgical Recoveries from Initial Test Work at San Marcial

February 28, 2019 / bit.ly

Goldplay Exploration Ltd. (TSXV:GPLY, FRANKFURT:GPE, OTC:GLYXF) (Read full newsRead More

Sojourn Exploration Inc. to Change Company Name to ArcWest Exploration Inc.

February 28, 2019 / bit.ly

Sojourn Exploration Inc (TSXV:SOJ) (previously Sojourn Ventures Inc) holds two properties in British Columbia, Canada through an option agreement with Millrock Resources Inc: Willoughby and Oweegee Dome.Read full newsRead More

Sunvest Minerals Clone Project 2019 Drill Program Plans @SunvestMinerals

February 28, 2019 / bit.ly

Sunvest Minerals Corp (TSXV:SSS) (US: SRKZF) (Read full newsRead More

China's 2018 coal usage rises 1%, but share of energy mix falls

February 28, 2019 / www.mining.com

* China coal use rises for 2nd year in absolute terms* Coal's share of total energy below 60 pct for 1st time* Biggest rise in CO2 emissions since 2013 -Greenpeace* Carbon intensity cut beats target -environment ministryChina's coal consumption rose for a second year in a row in 2018, but coal's share of total energy consumption fell below 60 percent for the first time as cleaner energy sources ga...Read More

Golden Share Resources acquires Sandridge project in Ontario

February 28, 2019 / www.mining.com

Golden Share Resources (TSXV: GSH) announced this week that it has acquired the Sandridge project through map staking.The project is located approximately 150 kilometres east of Thunder Bay, in eastern Canada, and it sits on the Winston Lake Greenstone Belt, known by its initials WLGB.This is not Golden Share's first incursion in the area. The Ontario-based firm previously held the past-producing...Read More

Fatality at Essakane

February 28, 2019 / www.mining.com

IAMGOLD Corporation ("IAMGOLD" or the "Company") deeply regrets to report the death of a contractor's employee due to an equipment fire at its Essakane Mine in Burkina Faso, West Africa.The incident occurred at the end of the night shift and during the operation of the contractor haul truck on site. Essakane's Emergency Response Team was immediately activated. The appropriate government authoritie...Read More

Platinum miners win reprieve as South Africa strike delayed

February 28, 2019 / www.mining.com

The world's biggest platinum miners won a reprieve after a South African court reserved judgment on whether to block a week-long industry strike that was scheduled to start Thursday night.The Association of Mineworkers and Construction Union called the action in sympathy with members at Sibanye Gold Ltd.'s gold mines, who downed tools over wages in November. Producers have warned the strike would...Read More

Canada's mining sector at a crossroads - report

February 28, 2019 / www.mining.com

Canada's mining sector is going through dramatic change, but the industry remains bullish on growth, KPMG International's latest Global Mining Risk Report finds.While recent merger and acquisition transactions have raised concerns about the future of Canada's mining sector, domestic firms remain optimistic about growth opportunities. Canadian stock exchanges are the global leader in mining financ...Read More

China's strong imports help explain low LME metal stock

February 28, 2019 / www.mining.com

If you're wondering why London Metal Exchange (LME) stocks of metals such as copper and zinc are so low, part of the answer lies with the current strength of Chinese imports.LME copper stocks, excluding metal awaiting load-out, currently total a meagre 21,600 tonnes, the lowest since 2005.There are just 52,650 tonnes of "live" LME zinc stocks, a level not seen this century.Lead can be added to the...Read More

Lynas auditors flag 'material risk' for the rare earths miner over Malaysia conditions

February 28, 2019 / www.mining.com

Auditors to Australian rare earths miner Lynas Corp (ASX: LYC) warned of a material risk to its business, after the company revealed it would not be able to comply with tough conditions imposed by the Malaysian government on its licence to operate in the country last year.The miner, one of the world's main suppliers of rare earths outside China, said on Thursday it could not meet the timeline to e...Read More

Saskatchewan best place to mine in Canada

February 28, 2019 / www.mining.com

The Fraser Institute has released its annual ranking of the best jurisdictions for mineral investment. Four of the top 10 places are Canadian provinces, with Saskatchewan in the lead with the No.3 spot.The institute released its Annual Survey of Mining Companies on Feb. 28, the 21st time it has compiled the rankings. Mining executives in 83 jurisdictions around the world weighed in on geological a...Read More

Australian mining industry group praises free trade deal with Peru

February 28, 2019 / www.mining.com

On the one year anniversary of the signing of the Peru-Australia Free Trade Agreement (PAFTA), the Minerals Council of Australia issued a statement saying that the ratification of the deal is expected to deliver major investment and job opportunities for Australia's mining industry."Under PAFTA, Peru will eliminate 99.4% of its tariffs, including on valuable Australian resources such as iron ore,...Read More

Monarques Gold reports solid grades at McKenzie Break deposit in Quebec

February 28, 2019 / www.mining.com

Assays are back for the first 21 holes of a 61-hole drill program completed at Monarques Gold Corp.'s (TSX: MQR; US-OTC: MRQFR) McKenzie Break project and have extended the deposit laterally and at depth.The best intercept from the project, 35 km north of Val-d'Or, Quebec, was 61.20 grams gold over 2.6 metres starting from 254.8 metres downhole, including 265 grams gold over 0.6 metres in drill ho...Read More

Nemaska Lithium 'reviewing strategic alternatives' after budget blowout

February 28, 2019 / www.mining.com

Nemaska Lithium's (TSX: NMX) board of directors has appointed a special committee to review all strategic alternatives, after the company disclosed this month that it has been forced to revise the budget for the Whabouchi lithium mine and Shawinigan electrochemical plant up by C$375 million.Nemaska, which has received funding from the Quebec provincial and Canadian federal governments, is buildin...Read More

Barrick, Newmont step up game to sway top investors

February 28, 2019 / www.mining.com

Canada's Barrick Gold (TSX:ABX)(NYSE:GOLD) and U.S. rival Newmont Mining (NYSE:NEM) are working hard on persuading their respective top investors that a merger of the companies is the best, or the worst, option for them.Barrick launched its hostile bid for Newmont on Monday, and updated its presentation on Thursday, adding more information on the expected synergies and benefits of the deal.Barr...Read More

Sandvik Mining and Rock Technology unveiling new optimization tech at Goldcorp's #DisruptMining

February 28, 2019 / www.mining.com

OptiMine (R) Digital Operation CenterContinuing the development of its award-winning OptiMine (R) platform, Sandvik is introducing the newest OptiMine (R) features, focused on analytics and visualization, at Goldcorp's #DisruptMining event."More and more, the mining industry is recognizing the value of information to get the most out of their operations," said Petri Mannonen, OptiMine (R) Product...Read More

Chilean miner SQM sees uncertain short-term demand for lithium

February 28, 2019 / www.mining.com

Chilean miner SQM said on Thursday it foresees strong long-term demand for lithium but offered a short-term prognosis clouded by the entry of new projects into the market and slowing growth of demand for the product this year.The company's new chief executive, Ricardo Ramos Rodriguez, said in an earnings call he expected sales volume in 2019 to rise slightly from 2018, along with modestly higher a...Read More

Canada Mining Boom as Gold Giants do Battle

March 01, 2019

The M&A battle among the world’s biggest gold diggers intensified this week, with Barrick bearing its teeth in a US$18 billion hostile bid for arch rival Newmnont.   The move was immediately blasted as “desperate” and “bizarre” by Newmont’s CEO, Gary Goldberg. He suggested the “at market valuation” offer - actually a discount to recent sha...Read More

Is Barrick Gold Corp’s (TSX:ABX) Hostile Bid for Goldcorp Inc. (TSX:G) a Farce?

March 01, 2019 / www.fool.ca

With gold prices hitting a 1o-month high in February, the mega-merger between Goldcorp Inc. (TSX:G)(NYSE:GG) and Newmont Mining (NYSE:NEM) seemed to be progressing smoothly.Peter Hug, the global trading director at Kitco Metals, highlighted how the “uncertainty of trade talks and fears that the U.S. equity market may be running out of steam is creating capital flows into a more protective...Read More

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