Toronto-listed Alamos Gold is aiming for a 30% cut in its absolute green house gas (GHG) emissions by 2030, including scope 1 and scope 2 emissions which will be partly met by the phase out ofRead More
It was towards the end of last year that a similar warning about an oversupply of the critical battery metals was made in Mining Journal ("Beware the return of the lithium glut" MJ, November 21,Read More
RAPAPORT... Group revenue at Chow Tai Fook fell 13% in the first two months of the fiscal year as a variety of challenges dented consumer demand."For fiscal year 2023, we expect that retail market performance in the mainland may still be affected by the pandemic and other macroeconomic factors," the company said last week. In its outlook for the year ending March 31, 2023, Chow Tai Fook cited...Read More
RAPAPORT... The diamond industry is being driven by expectations. While this is not a rare occurrence, it is worth noting, given the unusual dynamic currently shaping the market.While there is a lot of polished inventory available today - as the number of stones listed on RapNet attests - manufacturers and dealers anticipate scarcities later in the third quarter once demand starts to ramp up for t...Read More
CONEXPO-CON/AGG, Taking Construction to the Next LevelSPONSOREDconexpo-con/agg 2023Advancing Copper and Gold Projects in an Under-Explored Porphyry DistrictSPONSOREDresilience miningServicing China's Steel SectorSPONSOREDaspire miningChinese Strategic AllianceSPONSOREDxanadu minesHaving offloaded most of its base metals into South32 seven years ago, and just completed the sale of petroleum ope...Read More
RAPAPORT... Gem Diamonds has recovered a 245-carat rough from its Let??eng mine in Lesotho, its third 100-carat-plus stone in three weeks.The "exceptional-quality," white, type IIa diamond was unearthed at the site on June 11, Gem Diamonds said Monday. The discovery closely follows that of a high-quality, 125-carat diamond on May 31 and a high-quality, 129-carat diamond on May 23.The discoveries i...Read More
On the supply side, 15 countries on the African continent now provide 50% of global diamonds. The five largest African mining countries (Angola, Botswana, Namibia, South Africa and Zimbabwe) recover over 35 million carats of diamonds from their mines.Nevertheless, most of the rough diamonds from African mines are either sold in auctions or through supply contracts with miners. Until now almost 90%...Read More
(IDEX Online) - Jewelry giant Sterling has announced a $175m settlement over long-running claims that it subjected 68,000 female workers to gender bias.Women who were poised for a classwide action will receive a split of the sum, minus an estimated $50m in legal fees and costs (leaving them with an average of just under $1,850).Sterling, part of the Signet group - the biggest US jewelry retailer,...Read More
CONEXPO-CON/AGG, Taking Construction to the Next LevelSPONSOREDconexpo-con/agg 2023Advancing Copper and Gold Projects in an Under-Explored Porphyry DistrictSPONSOREDresilience miningServicing China's Steel SectorSPONSOREDaspire miningChinese Strategic AllianceSPONSOREDxanadu mines These regulatory developments are expected to increase costs for miners both in the EU and globally, at leas...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 82 points in pre-opening trade.World equity indices moved lower this morning in response to continued strength in the U.S. Dollar. Indices are responding to anticipation of tightening U.S. monetary policy to be announced by the Federal Reserve on Wednesday. The Canadian Dollar dropped another 0.47 to US77.75 cents.BP...Read More
Natural Resources minister Jonathan Wilkinson has said that Russia's invasion of Ukraine and the fragility of global supply chains have "heightened" the importance of critical minerals as he welcomed mining company delegates on the opening day of PDAC 2022.Wilkinson described the transition to net-zero as a "competitive race" between the world's largest economies, with demands for minerals like li...Read More
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is designing new reporting mechanisms for its employees and training modules for top leaders to spot "unacceptable" behaviours in the workplace, the company said four months after the release of a report that revealed patterns of racism, sexism and harassment among its global workforce. Carolyn Chisholm, director of Rio Tinto's external affairs, said tha...Read More
While prices for battery-making products such as lithium spodumene, carbonate and hydroxide have rallied by 1,553%, 1,057% and 744%, respectively, since mid-2020, the lithium market will struggle to remain balanced in the medium-term, Bank of America (BofA) says in a new research note.According to the bank, the upward pressure has been driven by a confluence of factors, including supercharged dema...Read More
Canadian explorer Lomiko Metals (TSXV: LMR; US-OTC: LMRMF) is looking for graphite and lithium - critical ingredients for the anode and cathode of lithium-ion batteries driving the global push towards decarbonization.The junior miner is advancing its wholly-owned flagship La Loutre graphite project in the Grenville graphite belt of southern Quebec, approximately 180 km northwest of Montreal.The...Read More
Lithium is a critical metal for the global push for decarbonization. It is needed to produce the rechargeable lithium-ion batteries used in electric vehicles (EVs) and energy storage technologies that promise more sustainable, low-carbon transportation systems and energy networks.The U.S. is positioning itself as a leader in this transition to a cleaner energy future. Last November, the Biden admi...Read More
Relationships between the mineral exploration and mining sector and Indigenous peoples within Canada and around the world vary across a broad spectrum - from respectful and mutually beneficial to antagonistic and harmful. We see these diverse variations play out on a global stage and how companies navigate this increasingly complex socio-political environment is a primary factor in whether a proje...Read More
These are exciting times for Canadian explorer and developer G2 Goldfields (TSXV: GTWO;US-OTC: GUYGF) says Dan Noone, the company's chief executive, as it advances the Oko-Aremu gold project in Guyana."In less than two-and-half years, we've progressed from discovery to our first resource on the project, and this marks a major milestone in unlocking the full value of a project that has the potenti...Read More
Since the discovery of Kora North in May 2017, K92 Mining has hit the ground running and it's not stopping. There is expansion potential for gold and copper surrounding its flagship asset in Papua New Guinea.K92 Mining (TSX-KNT)K92 Mining is a producing gold company focused on its Kainantu gold mine located in the Eastern Highlands province of Papua New Guinea. The Kainantu project (acquired from...Read More
The key investment bankers behind the merger and acquisitions flow used an event at the PDAC conference in Toronto to reassure that merger and acquisition activity is likely to continue despite aRead More
Share this article VANCOUVER - E2Gold Inc. [ETU-TSXV] is set to launch an initial drill program on its Band-Ore project in northwestern Ontario. The company said the 1,000-metre drill program will test historic resources and a geophysical anomaly.Periodic exploration over the last 90 years, including that by Noranda Mines, has produced highly encouraging rock sample assays, and drill hole trenc...Read More