"Brixton Metals Delineates a Gravity Anomaly and Begins Drilling the Kimberlite Discovery at its Langis Project, Ontario @brixtonmetals https://t.co/OWXUelaEcf"Read full newsRead More
The world's second largest miner, Rio Tinto, (ASX, LON:RIO) is said to be preparing an offer for a minority stake in Teck Resources' (TSX:TECK.A | TECK.B)(NYSE:TCK) Quebrada Blanca copper mine in northern Chile.Canada's largest diversified miner, which in August received regulatory approval for a $4.8 billion extension of the mine, has been looking for a development partner that could invest $...Read More
The Democratic Republic of Congo's state-owned miner sought an urgent meeting to discuss a decision by Glencore Plc unit Katanga Mining Ltd. last week to halt cobalt exports.Katanga, controlled by Glencore, announced Nov. 6 it suspended sales from its Kamoto mine in southeast Congo after detecting levels of uranium in supplies above those allowed for export. Gecamines, the government-controlled mi...Read More
Golden Ridge Resources (TSX-V: GLDN) has completed its option agreement with Lac Properties Inc. (LAC), a subsidiary of Barrick Gold Corporation, and now has a 100% interest in the Hank project in British Columbia's Golden Triangle District.LAC will continue to hold a 2% NSR on the project as well as certain back-in rights. LAC has the option to purchase a 51% interest in the Hank Project upon a m...Read More
Canada's IAMGOLD (TSX: IMG) has triggered force majeure to suspend operations at its Rosebel Gold Mine in Suriname because some unionized employees have started a work stoppage.In a press release, the miner said the strike is a breach of the Collective Labour Agreement that prescribes a number of procedures in the event of a dispute between Rosebel and Rosebell Werknemers Organisatie. The company...Read More
Iran executed a gold dealer known as the "Sultan of Coins," in a warning to merchants not to exploit the country's financial troubles as U.S. sanctions squeeze the economy.Vahid Mazloumin was sentenced to death in October after being accused by Iranian authorities of contributing to price hikes by hoarding gold.The very specter of sanctions, even before they were resumed in August, plunged the Ira...Read More
SHANGHAI - Chinese copper smelters are looking to make more investments in mines, pushing to shore up supply of concentrate at a time when competition for the raw material is heating up, industry executives said on Wednesday.China is the world's biggest consumer of the metal but its own copper mine production has been stagnating amid a broad crackdown on pollution, exacerbating a heavy reliance on...Read More
* Unclear how big reserves are or when they can be mined* Glencore holds small stake in ocean explorer DeepGreen* Anglo American sold stake in Nautilus* Environmentalists seek strict rulesLONDON - China, the leading holder of international deep sea exploration licences, has increased its lead in the race for alternative sources of battery minerals by taking samples from cobalt-bearing mountains de...Read More
Canada's Pan American Silver (TSX:PAA) (NASDAQ:PAAS) is buying precious metal miner Tahoe Resources (TSX:THO) (NYSE:TAHO) for $1.07 billion in cash and stock, creating one of the world's largest silver producers.Pan American, already the world's second-largest primary silver miner, will effectively double its silver reserves with the acquisition, as Reno, Nevada-based Tahoe Resources owns a maj...Read More
NEW YORK - Paulson & Co, led by longtime gold bull John Paulson, kept its stake in gold investments during the third quarter of 2018 while other heavyweights including Soros Fund Management LLC, Jana Partners LLC and Caxton Corp remained unexposed to the metal.With investors continuing to favor the U.S. dollar and riskier assets against the backdrop of a global trade war, New York-based Paulson &...Read More
RIO DE JANEIRO - Brazil's Samarco Mineracao SA, a joint venture between BHP Billiton and Vale SA, on Wednesday named former Usiminas mining executive Cristina Cavalcanti as its new chief financial officer.Cavalcanti joins Samarco as it attempts to renegotiate billions of dollars in debt with creditors and restart operations after a tailing dam burst in 2015, killing 19 people.Cavalcanti previously...Read More
Sibanye-Stillwater (NYSE: SBGL) today announced it has concluded a three-year wage agreement with the National Union of Mineworkers (the NUM), Solidarity and UASA in respect of wages and conditions of service for the period of July 1, 2018 to June 30, 2021.The agreement allows for increases to the basic wage of Category 4-8 surface and underground employees. Miners, artisans and officials will rec...Read More
Golden, Colorado: 13 November 2018 - Golden Software, a developer of affordable scientific graphics software, has enhanced the visualization capabilities in version 16 of its Surfer (R) gridding, contouring and 3D surface mapping package. Geologists, environmental consultants, and geospatial professionals will find Surfer 16 makes it easier for them to interpret complex scientific data."We have im...Read More
Shares in Canada's Stornoway Diamond Corp. (TSX:SWY) plummeted Wednesday after the miner reported a net loss of $37.6 million for the three months ended Sept. 30 and announced that chief executive officer Matt Manson will leave at the end of the year.Mason will be replaced by chief operating officer Patrick Godin, who joined Stornoway in 2010 and was appointed to the board of directors in 2011....Read More
UBC students Robert Fuerderer, Naman Shah, Emma Dodds and John Wei won first place at the World Mining Competition in Saskatoon, Canada in October.The World Mining Competition is the largest multidisciplinary mining undergraduate case competition in Canada.The world-class case describes the current situation of a fictitious company in the mining industry from the perspective of a decision maker....Read More
FRANKFURT - Volkswagen will convert three German factories to build electric cars, as Europe's largest automaker by sales starts mass producing zero-emission vehicles in a major strategy shift following its emissions cheating scandal.VW has provided job guarantees until 2028 for employees at the Emden and Hanover factories, and will spend 1.2 billion euros ($1.4 billion) training workers at Zwicka...Read More
Vancouver-based Xiana Mining (TSXV: XIA), formerly Dorato Resources, paid $25 million and a 1.5% net smelter royalty to acquire Glencore's (LON:GLEN) Minera Altos De Punitaqui in Chile.Minera Altos De Punitaqui (MAP) is a copper-gold producing company that currently holds three operating mines, additional exploration licenses, a concentrator, and associated infrastructure. All these elements are c...Read More
Gold and silver have weakened sharply in recent weeks to be down by 8% and 17% for the year to date, respectively. This sees the yellow metal trading at close to US$1,200 per ounce, while silver is hovering at around US$14 an ounce. This has had a sharp impact on the fortunes of precious metals miners, causing the Van Eck Gold Miners ETF to shed 19%, while the Global X Silver Miner's ETF has lost...Read More
The Supreme Court of Canada has agreed to hear a jurisdictional appeal in the years-long effort by the Innu to sue Rio Tinto over its Iron Ore Company of Canada operations.The appeal was launched by the government of Newfoundland and Labrador after Quebec's highest court ruled that the suit could proceed in Quebec. The problem is that the mine in question lies in Labrador, not Quebec. Rio T...Read More
Mr. Erfan Kazemi reportsSANDSTORM GOLD LTD.: SANDSTORM GOLD ROYALTIES ANNOUNCES 2018 THIRD QUARTER RESULTSSandstorm Gold Ltd. has released its results for the third quarter ended Sept. 30, 2018 (all figures in United States dollars).Third quarter highlights:Revenue of $17.3-million (Q3 2017 -- $17.9-million); Attributable gold equivalent ounces sold of 14,314 ounces (Q3 2017 -- 14,293 ounces); Ave...Read More