As the last day of the Canadian Mining Symposium (CMS) began on June 18, it was clear that the global community had embraced the online, virtual version of the annual event. Anthony Vaccaro, group publisher of The Northern Miner and head of global mining for Glacier Resource Innovation Group, said there had been considerable feedback, comments and questions posted by attendees since the CMS began....Read More
Vale (NYSE: VALE), the world's top producer of nickel and iron ore, is fine-tuning details to reopen its Voisey's Bay open pit nickel mine and concentrator in Canada, next month.Full capacity at the northern Labrador-based operation should be reached in August, the Brazilian mining giant said today.Vale initially placed Voisey's Bay mine on care and maintenance for four weeks as a precaution amid...Read More
Drilling at MacDonald Mines' (TSXV: BMK) wholly owned SPJ property, 20 km east of Sudbury, has extended the strike length of the high-grade New Zone-Villeneuve trend to over 225 metres and the structure remains open.The company released results for six drill holes completed over the winter and spring. Highlights include 5 metres of 27.2 grams gold per tonne in hole 20-041 as well as 6 metres of 2....Read More
India has taken a historic step towards ending the state monopoly on mining and selling coal by auctioning 41 mines in the country, a move that allows private companies to enter the sector.The announcement, which puts an end to more than four decades of state control over the coal industry, aims to solve a fuel shortage that threatens to reduce the nation's industrial activity.The measure also see...Read More
Roscan Gold (TSXV: ROS; US-OTC: RCGCF) has signed a definitive agreement with Komet Resources (TSXV: KMT) to purchase the 35-sq.-km Dabia Sud gold property, which lies directly north of the company's 254-sq.-km Kandiole project in the western part of the country.In May, Roscan entered into a binding letter of intent with Komet for this purchase. To acquire the asset, the company will make a $1.6-m...Read More
Prior to the coronavirus outbreak, peak gold supply was becoming a real possibility. Now, with exploration programs halted or cancelled and project disruptions hampering production, the summit is in sight, according to research firm Wood Mackenzie's latest report.As organic growth is waning, miners are looking to buy gold through mergers and acquisitions to secure their future.So far this has fail...Read More
Rupert Resources on a Roll at IkkariSPONSOREDCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesNew York and Toronto listed Yamana Gold has an interest in five mines operating in Canada, Brazil, Chile and Argentina.Read More
Brazilian sellers have ramped up containerized exports of steel scrap into South Asian markets over the past year but this explosion in export sales is unlikely to be a long-term trend, sources have told Fastmarkets. Scrap collectors and processors in the country have traditionally sold the vast majority of their stocks in the domestic market, with only the excess being exported. But waning Brazil...Read More
The period of European sovereign crisis saw the introduction of TLTROs, and usage increased to ?,?1.26 trn. With today's auction, usage has risen to ?,?1.57 trn, the highest on record.Read full newsRead More
Once again, it looks like the bears and the skeptics were right all along. Read full newsRead More
Canadian gold producer Barrick Gold said on Tuesday it sold a partial stake in Shandong Gold Mining Co for $210 million, profiting off a rise in share price of the Chinese gold miner.Read full newsRead More
Few gold districts drive exploration excitement like Nevada.Read full newsRead More
Talisker Resources Ltd. is pleased to announce that the Company hRead full newsRead More
eMetals Limited (ASX:EMT) (eMetals or Company) are pleased to announce the Company has completed the acquisition and settlement of the Poona project.Read full newsRead More
Amex Exploration Inc. is pleased to announce that it has closed tRead full newsRead More
If you lost your job because of the COVID-19, you’ve probably applied for the Canada Emergency Response Benefit (CERB). This aid will you $2,000 for a four-week period ($500 per week). Initially, you could claim the CERB for up to a maximum of four periods (16 weeks total) between March 15 and October 3. Prime Minister Justin Trudeau said Tuesday that the benefit will be extended by eight we...Read More
Image from Pixabay. Global investors and corporates are divided in their perception of sources of future environmental, social and governance (ESG) risks, according to a joint conducted by CRU and Fitch Ratings. The 2020 Metals and Mining Survey obtained responses from more than 100 corporate issuers and investors active in the sector across diverse geographies and activities. Corporates point to...Read More
Credit: Gold Springs Resource Corp. Gold Springs Resource (TSX: GRC) has added more than 100,000 gold-equivalent (AuEq) ounces to the resource estimate for its project located along the Nevada-Utah border, the company announced Friday.In an updated NI 43-101 resource estimate, the Vancouver-based gold miner has increased the Gold Springs project's measured and indicated resources to 729,000 oz Au...Read More
Drills on site at Tanzanian Gold's Buckreef gold project in Tanzania. Credit: Tanzanian Gold Tanzanian Gold Corp. (TSX: TNX) has reached commercial production at the oxide ore processing plant at its Buckreef project, located immediately to the south of Lake Victoria in north-central Tanzania.Since April 6, when the company had its first bucket at the oxide open pit, oxide ore has been stockpiled...Read More
The Federal Reserve, guided only by its own decree, made a surprise announcement yesterday that it will be diving into direct corporate bond purchases, including junk bonds.We knew this was a possibility, and the Fed has already bought up about $5.5 billion of ETFs that track bonds, but this is a different beast.This is part of a $250 billion program, the Secondary Market Corporate Credit Facility...Read More