Global silico-manganese production grew by 3.1% month on month to around 1.54 million tonnes in October on higher output in all regions except Europe, the latest data from the International Manganese Institute (IMnI) shows. The October output, following consecutive month-on-month gains of 3.3% and 0.6% in September and August respectively, also registered a fall of 1.3% year on year, the IMnI data...Read More
World manganese ore output registered a month-on-month rise of 3.4% to around 1.97 million tonnes of manganese units in October, partly due to the evident increase in supply from such regions as Asia and Oceania, the Americas and Europe, the latest data from the International Manganese Institute (IMnI) shows.World ore supply in October, after month-on-month declines of 1% and 2.5% in September and...Read More
Sustainability consulting firm ERM says the mining industry needs to do more to prevent tailings dam disasters and notes that a further possible 19 incidents with tailings facilities could occur over the next decade.In a report released last month, ERM reviewed the dam failure incident reports of 11 major dam failures over the last 12 years and concluded that "basic organizational and human factor...Read More
Samarco is expected to resume activities this month, five years after the Fund??o dam tragedy.On November 5, 2015, the dam, owned by Samarco - controlled by Vale (NYSE: VALE) and BHP (NYSE: RIO; LSE: RIO) - burst, releasing 39.2 million cubic meters of tailings waste in the Rio Doce Basin, killing 19 people. At the time it was Brazil's biggest environmental disaster. Brazilian prosecutors said in...Read More
The most recent resource update from Quebec-focused junior QMX Gold (TSXV: QMX) includes meaningful resource growth across all categories and adds an initial underground resource at the 200-sq.-km Bonnefond property in the Val d'Or mining camp.Indicated resources (wholly in the open pit category) within the East zone of the Bonnefond deposit now stand at 7.4 million tonnes grading 1.67 grams gold...Read More
According to GlobalData's latest report, M&A deals in the U.S. metals and mining industry for the third quarter of 2020 totaled US$1.59 billion. The valuation is a decrease of 13% from the previous quarter, and also marks a drop of 10.9% in comparison to the last four-quarter average of US$1.79 billion.Globally, third quarter metals and mining industry M&A deal values totalled US$7.21 billion, of...Read More
Unigold (TSXV: UGD; US-OTC: UGDIF) has reported drill results from its exploration program at the Candelones Extension deposit, part of the company's 100% owned Neita Concession in the Dominican Republic, 220 km northwest of the capital Santo Domingo.The company has completed 31 drill holes totalling 9,470 metres of its planned 15,000 metre program. These include nine metallurgical holes totallin...Read More
A restart of exploration efforts is set to go ahead at the historic St. Anthony gold mine in the Kenora Patricia mining district of Ontario, according to Peter Wilson, president of Maxtech Ventures (CSE: MVT; US-OTC: MTEHF).When the underground mine shut down in 1944, St. Anthony was the largest producing gold mine in the area. By the time it closed, the mine had produced 63,310 ounces of gold at...Read More
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Retail investors often try to follow “smart money” when deciding what to do with their investment portfolios. This means, they look to big hedge fund managers and follow in their decision making. Investors that practice this method of investing often name Warren Buffett as one of the fund managers they look to the most.In his latest 13F filing, it was evident that there were companies...Read More
Positive vaccine news has triggered rallies in cheap stocks that were pressured by the pandemic. The rallies in these stocks can crumble in an instant.There are near-term risks such as potential delays/hiccups in vaccine distribution or maybe vaccine programs won’t be as effective as expected. If these risks play out, these stocks will sell off.Investors who’d bought at a low in these...Read More
It’s good to have a few stocks in your portfolio that remain recession ready, especially when the economic trajectory is unknown. Besides adding a safety net to your portfolio, these companies could continue to outperform the broader markets and consistently generate steady returns. We’ll discuss three recession-ready TSX stocks that could continue to generate healthy returns irre...Read More
In the post-election chaos...With America more divided than ever before, split asunder between two warring parties...Something remarkable is taking place. Democrats and Republicans are coming together, linking arms, and uniting forces to... build a wall!?Yes, you read that correctly. There's one urgent issue that both sides unanimously agree on: building a wall on our southern border.Obama planned...Read More
Teck Resources (TSX:TECK.B)(NYSE:TECK) has already doubled off the 2020 low, and investors wonder if this is the right time to put Teck stock in their portfolios.Teck’s stock price historyLong-term followers of Teck Resources stock know the company has a history of massive rallies followed by equally spectacular declines. This is to be expected from a commodity producer that is at the mercy...Read More