China-based minor metals producer Vital Materials will restart the Xianxi bismuth products plant in Hunan province, owned by producer Hunan Jinwang Bismuth. The Xianxi plant, which was opened in November 2012, stopped production at the end of January 2019 and has been running under heat preservation only since. Before its closure, the plant produced 200-300 tonnes per month of bismuth. Owner Hunan...Read More
ArcelorMittal (NYSE: MT), the world's biggest steelmaker, is evaluating the potential sale of its infrastructure assets in Canada, where it has the largest and most profitable iron ore operation, as it seeks to cut debt by divesting non-core businesses.The facilities the company may put on the chopping block include a 420-km-long railway servicing the 24 million tonnes-per-year Mont-Wright iron or...Read More
Last year's maiden diamond drill program at the Burgundy Ridge area within Crystal Lake Mining's (TSXV: CLM; US-OTC: SIOCF) 551-sq.-km Newmont Lake property in the Golden Triangle returned broad copper-gold-zinc-silver intercepts as well as high-grade gold mineralization. Based on the drill results, the company sees potential for alkalic porphyry hypogene mineralization underneath Burgundy Ridge.T...Read More
Mining and commodities trader Glencore (LSE: GLEN) is facing a criminal investigation in its home country for failing to have organizational measures in place to prevent alleged corruption in the Democratic Republic of Congo (DRC).The probe by the Swiss Attorney General, announced after market close on June 19, adds to the list of multiple, but separate alleged corruption and bribery investigation...Read More
Despite an increasing focus on ESG, mining companies are failing to consider the disproportionate effects of mining on women and girls, says a report released today by independent research organization the Responsible Mining Foundation.While miners are starting to look seriously at increasing the proportion of women at the board and senior management level, most companies aren't even attempting to...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 resourcesHaving fired shots at Canadian lobster, Australian beef and US pork, it's surely only a matter of time before Beijing revives a threat to bl...Read More
Hilong Holding, a provider of oil-field services and equipment, said it wouldn't be able to repay holders of a maturing dollar bond-the latest offshore default by a Chinese borrower.Read full newsRead More
BEIRUT, LEBANON (6:15 P.M.) - The Tripoli-based Government of National Accord (GNA) announced its rejection of Egyptian President Abdel Fattah El-Sisi'sRead full newsRead More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
TORONTO, June 18, 2020 /CNW/ - Orion Mine Finance announced today an update in respect of its beneficial ownership of common shares of Lundin Gold...Read full newsRead More
Senior Technical Analyst Jim Wyckoff prepares investors with an overview of how the markets opened and closed. What moved metal prices? How do the technicals look? By looking at important developmentsRead full newsRead More
Income investing has been a staple for decades. In recent years, the dividend-growth strategy has grown in popularity as record-low interest rates make bonds and GICs much less attractive. As a result, several retail investors adopt this investing strategy as a means to build strong and sustainable income. There are two types of dividend-growth stocks: Canadian Dividend Aristocrats and up-and...Read More
The past few years of trade disputes and lumber tariffs might suggest otherwise, but Norbord (TSX:OSB)(NYSE:OSB) could be a big deal. Norbord might not be a growth stock just yet, but the case for a lumber industry breakout is growing steadily stronger.While long-term positions are more favourable to low-risk investors with broad financial horizons, it’s an interesting exercise to peruse sho...Read More
Geoverse offers more reliable and secure wireless connectivity (Stock Image) Geoverse, a provider of private LTE and 5G solutions, has announced that its existing GeoCore network service platform can now support licenced wireless spectrum.This solution combines low-band licenced 600 MHz and 700 MHz spectrum with CBRS (Citizens Broadband Radio Service) to form a high-performance and reliable priv...Read More
Earlier this week, the Federal Reserve loaded a new round of fodder into its money cannon, blasting $250 billion into the private sector to buy up corporate debt.Just throw that onto the $3 trillion the Fed had already conjured up since February.Indeed, on February 26, the size of the Federal Reserve's balance sheet was $4.16 trillion. But as of June 10, it had soared to $7.17 trillion, meaning $3...Read More
View to the south of the historic C-D pit at Liberty Gold's Black Pine gold project in Idaho. Credit: Liberty Gold Reverse-circulation drilling at Liberty Gold's Black Pine project in Idaho has discovered a third zone of oxide gold mineralization - D-3 - underneath the historic drilling boundary.The new zone is currently defined by three holes: two of these, LBP125 and LBP129 are 450 metres apa...Read More
Janice Lake property. Image from Transition Metals Corp Rio Tinto (ASX, LON, NYSE: RIO) has started exploration at Forum's Janice Lake sedimentary copper/silver project in northern Saskatchewan, Canada.The major is earning up to an 80% interest in the project from Forum Energy Metals, which has optioned the property from Transition Metals.Crews have begun construction of the 50 person camp on t...Read More
Simandou deposit, Guinea. (Image courtesy of Rio Tinto.) Chinese steel company Baowu is at the head of a group of steelmakers seeking to develop the massive Simandou iron mine in Guinea, taking over from Aluminum Corp. of China (Chalco) as it seeks to secure supply of the raw material, Caixin Global reported Tuesday.The state-owned giant wants to develop the iron ore mine after acquiring shares...Read More
Image courtesy of Fosterville South Exploration Australia-focused gold miner Fosterville South Exploration (TSXV: FSX) is spinning off two gold projects to create a new company to be listed on the TSX Venture Exchange.On Tuesday, the company's board of directors unanimously approved a spin-out transaction whereby Fosterville will distribute shares of a new company - Leviathan Gold - to its shareh...Read More
The coronavirus hurt gold mining stock Agnico Eagle's production and drove up its costs. But cash flow is healthy and it should earn significant free cash flow in the second half.Agnico Eagle expects its quarterly gold production to return to Q4 2019 levels.Given the COVID-19 pandemic, Agnico's first quarter was challenging. Gold production and unit costs were negatively impacted in March as the c...Read More