'Security of tenure' at centre of new Saudi mining codeSPONSOREDsaudi ministry of industry and mineral resourcesZenith Minerals 'leveraging pedigree in explorationSPONSOREDzenith minerals limitedIris Zone proves Catalyst theory on Bendigo Goldfield northern extensionSPONSOREDcatalyst metals ltdArizona Sonoran prepares for lift-off at CactusSPONSOREDarizona sonoran copper company inc.Th...Read More
"Panama is very aware of the copper and gold potential we have. Right now, we are only focused on the final administrative steps to make sure this contract gets into law.Read More
Azerbaijan-focused Anglo Asian Mining has identified significant copper mineralisation at its Xarxar asset.Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 11 points in pre-opening trade.Index futures weakened despite regulatory authorities taking control of Silicon Valley Bank after the bank experienced a run on its assets. First Republic Bank plunged $49.26 to $32.50 on solvency concerns. Seagen advanced $31.79 to $204.40 after Pfizer offered to acquire the company at...Read More
When depositors worry about a bank's ability to make good on its deposits, it can quickly become rational to panic, move deposits out, and ask questions later. We have the FDIC to guarantee the value of deposits smaller than $250,000, so there is no need to run if you're under that limit.But if you're a business with a very large bank balance that you're using to fund payrolls or other operating e...Read More
The financial world is today reeling from the failure of Silicon Valley Bank (SVB). SVB was an FDIC insured commercial bank regulated by the State of California and the Federal Reserve System.On Friday, March 10, the FDIC abruptly closed the bank, moved some deposits to a newly created bank controlled by regulators, wiped out large deposits, and began a process of selling bank assets and gradually...Read More
Realists who question received wisdom and conclude the status quo is untenable are quickly labeled pessimists because the zeitgeist expects a solution is always at hand - preferably a technocratic one that requires zero sacrifice and doesn’t upset the status quo apple cart.Realists ask “what if” without selecting the “solution” first.The conventional approach is to se...Read More
Spread the loveCOMMENT: Marty; Two former Merrill Lynch traders were each sentenced to a year and a day in prison Thursday for manipulating the precious metals markets, the US Department of Justice announced. Of course, —- —–, which is forever bullish metals, claims they moved the metals in the “direction they wanted from 2008 to 2014.” It just seems that people claim...Read More
Our TNM Drill Down features highlights of the top gold assays of the past week. Drill holes are ranked by gold grade x width, as identified by our sister company Mining Intelligence. A project from Down Under topped two from the Americas in results for the Mar. 3-10 period. Great Boulder Resources (ASX: GBR) led the chart with an assay from its Side Well project in Australia followed by Torex Gol...Read More
Electra Battery Materials (TSXV: ELBM; NASDAQ: ELBM) says it has successfully recovered lithium in black mass recycling trials conducted at its refinery north of Toronto. Electra launched its black mass demonstration plant at the end of December 2022 and has processed material in a batch mode, successfully extracting lithium, nickel, cobalt, manganese, copper, and graphite. Electra says the r...Read More
On Mar. 2, Stockholm Precision Tools (SPT) launched a new corporate identity to reflect its significant structural changes and its commitment to environmental, social, and governance (ESG) issues. The company, founded in Stockholm in 1996, is the leading global designer and manufacturer of borehole survey tools. Starting in the oil and gas sector, it has expanded its operations to serve the minin...Read More
Stocks fell Mar. 6-10 as investors shifted from concerns over inflation to the outlook for the economy after regulators shut California-based Silicon Valley Bank following losses that prevented it from maintaining enough capital.The Dow Jones Industrial Average fell 1,481.33 points or 4.4% to 31,909.64 and the S&P 500 dropped 184.05 points or 4.5% over the week to 3,861.59.Two companies seen as pr...Read More
The S&P/TSX Venture Composite Index retreated by 31.49 points or 4.9% over the Mar. 6-10 trading session, ending at 611.49.Artemis Gold was the week's top value gainer, adding 48 ? to close at $4.88 on Friday. On Mar. 9, Artemis announced the approval of its B.C. Mines Act permit for the Blackwater gold project in central B.C., the final step required to allow the company to begin major constructi...Read More
Over the Mar. 6-10 trading period, the S&P/TSX Composite Index fell a substantial 806.66 points or 3.9%, to 19,774.92. The S&P/TSX Global Mining Index lost 8.65 points or 7.5% to 106.48, and the S&P/TSX Global Base Metals Index fell 24.48 points or 11.6% to 186.46. The S&P/TSX Global Gold Index contracted by 9.17 points or 3.34% to 265.27, and spot gold ended the week US$20.10 per oz. higher, or 1...Read More
Wesdome Gold Mines (TSX: WDO) has provided an updated mineral resource and reserve estimates for its two high-grade underground assets: the 100% owned Kiena mine complex in Val-d'Or, Quebec, and the Eagle River mine near Wawa, Ontario.As of Dec. 31, 2022, the Toronto-based gold miner's combined proven and probable mineral reserves totalled 2.4 million tonnes grading 12.9 grams gold per tonne, for...Read More
In mid-February, Ford Motor Company (NYSE: F) announced a US$3.5-billion investment to build a battery plant in Michigan that will help it reach its target of producing 2 million electric vehicles a year by 2030. The battery cells will use technology and expertise provided by China's Contemporary Amperex Technology, the world's biggest manufacturer of batteries for EVs. The announcement follows F...Read More
Rio Tinto on Monday said it had begun underground production at its Oyu Tolgoi copper mine in Mongolia.Since the agreement between the government of Mongolia and Rio Tinto in January 2022 to reset the relationship and move the Oyu Tolgoi underground project forward, 30 drawbells have been blasted and copper is now being produced from the underground mine.Oyu Tolgoi is expected to become the fourth...Read More
Century Lithium (TSXV: LCE; US-OTC: CYDVF) is on track to complete a feasibility study by mid-year on its 100%-owned Clayton Valley lithium claystone project in southwestern Nevada, with a plan of operations to follow. The Vancouver-based company, which changed its name from Cypress Development in January, is already processing material at a nearby pilot plant from its lithium-bearing claystone d...Read More
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) announced Friday that as construction progresses at its Jansen potash project in Saskatchewan, it has awarded three new contracts in partnership with local First Nation communities.Covering camp management, site services and raw ore/handling foundation, the contracts include representation from the six First Nations surrounding the Jansen site, with whom BHP has...Read More
ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) (Read full newsRead More