Katanga Mining (TSX: KAT; US-OTC: KATFF) lost $116 million in 2018's fourth quarter to end the year with $13.4 million in gross profit, a result of temporary cobalt sale suspensions, higher reagent costs at its Luilu metallurgical plant and increased mine infrastructure and support costs.The company recorded a $52.8 million fourth quarter loss in adjusted earnings before interest, taxes, depreciat...Read More
Black Iron Inc. (TSX: BKI; US-OTC: BKIRF) and Glencore (LON: GLEN) are in talks to finance construction of the junior's Shymanivske iron ore project in the Ukraine and have signed a non-binding memorandum of understanding to begin formal negotiations on the financing-offtake package.The companies envision an investment from Glencore that will help fund construction in exchange for offtake of produ...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 resourcesDuring the previous cycle, many of these presentations were indistinguishable in format and, indeed, only sub...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 resourcesOne of the great fallacies about those of us who work in The City is that we have any idea what in the hell w...Read More
Palladium surged above $1,500 an ounce to a record, extending a powerful rally that's been driven by an acute shortage of supply as car manufacturers scramble to get hold of the material to meet stringent emissions controls. The advance will benefit top suppliers in Russia and South Africa.Spot palladium surged as much as 1.7 percent to $1,505.46 an ounce, and traded at $1,501.28 at 11:52 a.m. in...Read More
Canadian junior Black Iron Inc.'s (TSX: BKI; US-OTC: BKIRF) shares soared over 35% Wednesday, after announcing it had signed memorandum of understanding (MOU) with mining giant Glencore (LON: GLEN).The companies are in talks to finance construction of Black Iron's Shymanivske iron ore project in the Ukraine, and are set to begin formal negotiations on the financing-offtake package.The MOU en...Read More
Blockchain is a notable buzzword, and while the technology is being rapidly adopted by many industries, the mining sector has been criticized for staying stuck on old models."The world has been transformed by new technologies such as the internet and the blockchain, mining has continued to do business slower and more expensively than is necessary," said Grant Lenaarts, CEO of Mineral Assurance - a...Read More
Glencore on Wednesday said it would "vigorously contest" a $680 million tax demand from the British authorities linked to transfer pricing.The Swiss-based mining and trading company has offices in London and is London-listed. The British tax authorities issued formal transfer pricing, permanent establishment and diverted profits tax assessments for the 2008 - 2017 tax years, amounting to $680 mill...Read More
The Castle mine was one of the highest grade silver-cobalt producers in the historic Cobalt camp in Northern Ontario. (Image: Canada Cobalt Works)Canada Cobalt Works (CVE: CCW) says it has intersected multiple high grade cobalt and silver intercepts during phase one drilling on the first level of the Castle mine. The mine is located near Gowganda, 75 km south of Kirkland Lake, Ontario.The company...Read More
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Major announces 2018 numbers and a stop to coal growth soon after spending big in Aus coal assetsRead full newsRead More
"Join us for Mining Journal Select which is taking place from June 24-25 in London #MJSelectLondon. Download Agenda here:https://t.co/seeS0DLlsz"Read full newsRead More
The bank's campaign to get out ahead of whateverRead full newsRead More
"Informative graphic from @Glencore showing 2013-18 CAGR demand for base metals, predicting continued inventory declines even in the unlikely event of demand contraction in 2019 #nickel https://t.co/t7tLFk0720"Read full newsRead More
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Palladium prices broke above $1,500 for the first time on Wednesday due to a pro...Read full newsRead More
The Gold Coast used to be a gravy train for Republicans, but it could be at risk for the 2020 elections.Read full newsRead More
"NexTech AR (@NexTech_AR) (#CSE: $NTAR | #OTC: $NEXCF) Launches Try-It-On #AugmentedReality Experience for Online Retail [https://t.co/0bXOzr4dy7]#investing #stocks #stockmarket #trading #investors #news #business #investments #cannabisdaily #cannabiscommunity #tech #technology"Read full newsRead More
"Canada Cobalt Works (@canadacobalt) (#TSXV: $CCW | #OTC: $CCWOF) Drills into Bonanza Grades at Castle [https://t.co/pbPBS3uPAW]#investing #stocks #stockmarket #trading #investors #capitalmarkets #news #business #mining #resources #silver"Read full newsRead More
"$PM - Philip Morris International Inc. (PM) Presents at the Consumer Analyst Group of New York (CAGNY) Conference (Transcript) https://t.co/AhHo2RxcoV"Read full newsRead More