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Reversing a recent re-commitment to its New Caledonian operations, Brazilian miner Vale told investors it would "exit VNC (Vale New Caledonia)", but some analysts wonder if or how Vale will extricate itself from the long-troubled South Pacific island venture.Vale did not specify at its annual investor briefing how it would exit the nickel and cobalt mine. "By the first half of 2020, we will tell y...Read More
Base metal markets have become more mixed this week with copper and tin running higher, zinc, lead and nickel consolidating just above low ground and aluminium oscillating sideways.Broader markets that have been seeing more risk-on are now consolidating while they wait for some key political decisions on the United Kingdom’s general election, and its ramifications for Brexit, and on the Unite...Read More
Mogale Alloys has issued a Section 189 notice - a South African legal requirement representing an intention to retrench staff - amid low chrome ore and ferro-chrome prices. Ilitha Mining, another subsidiary of Afarak, has also issued a Section 189 notice, the company said. Helsinki and London-listed mining and metallurgical group Afarak said on Monday December 9 it has been forced to scale down op...Read More
Today we hazard a thumping prediction:The next round of quantitative easing - official, actual quantitative easing - is fast approaching.Yes... the Federal Reserve will soon be clearing for emergency action.When precisely can you expect it? And why the urgency?Answers shortly. Let us first squint in on Wall Street...The Bears Win on PointsThe Dow Jones took a 28-point flesh wound today. The S&...Read More
Dear Reader,I've said it before, but I need to emphasize it again today...The biggest rule in trading is this: Markets can always go a lot higher than you think, and a lot lower than you think.How many times over the past several years have you heard that stocks are massively overpriced by historical standards, that they just couldn't go any higher?Plenty, I'm sure. But stocks have gone higher. A...Read More
Barrick Gold (TSX: ABX; NYSE: GOLD) is selling its 90% stake in the Massawa gold project in Senegal to Teranga Gold (TSX: TGZ; US-OTC: TGCDF) for US$300 million in cash, US$80-million worth of shares and contingent payments linked to the gold price of up to US$50 million.The Massawa project is within 25 km of Teranga Gold's Sabadola mine, the largest producing gold mine in Senegal, 650 km east of...Read More
Anglo American (LON: AAL) has cut its production forecasts for coal, iron ore and diamonds for the next two years, but is bullish on the outlook for copper and palladium, it said in an update for investors on Tuesday."We are building on the complete transformation of both the quality of our portfolio and our performance over the last six years," chief executive, Mark Cutifani, states in a press re...Read More
This episode features the Big Data and Automation panel from The Northern Miner's 2019 Progressive Mine Forum in Toronto. The event took place on Oct. 16 at the MaRS Discovery District and featured industry experts that discussed trends in technology and mining, including AI and big data.The panel featured Louis-Pierre Campeau, team lead for artificial intelligence, Newtrax Technologies; Steve de...Read More
During the World Radiocommunication Conference (WRC) in Egypt in November, thousands of delegates from more than 100 countries adopted a treaty that moves the world closer to fifth generation (5G) technology, which will require a massive deployment of mobile wireless infrastructure that will likely consume significant amounts of rare earth elements (REEs) and metals like cobalt.The WRC-19 conferen...Read More
An automated loading solution has enabled Canada's only block cave mine to mitigate mud rush hazards and improve productivity - and it paid for itself in less than two months.Tonnage is tantamount to profitability at New Gold Inc.'s (TSX: NGD, NYSE: NGD) New Afton mine in south-central British Columbia. The mine has moved and milled as much as 22,000 tonnes of ore in a single day and routinely ext...Read More
Darren Gee, CEO of Peyto Exploration, discusses the impact of higher AECO prices on the company's operations.Read full newsRead More
The lawsuit alleged that Exxon Mobil was responsible for $1.6 billion in investor losses by lying to them about the impact of future climate change regulation on its business.Read full newsRead More
Madagascar plans to increase its royalties on nickel and cobalt to 4% from 2% at...Read full newsRead More
(Adds detail, mining ministry comment)Read full newsRead More
"Integra Resources Intercepts High-Grade at War Eagle and Florida Mountain, Including 73.62 g/t Au and 817.29 g/t Ag Over 4.27 m at War Eagle $ITR.V #gold #silver https://t.co/GW1N0i5RZi"Read full newsRead More
Iron ore futures in China rose to their highest in more than four months on Tues...Read full newsRead More
"#MorganStanley has been fined $22.1 million by French regulators after the bank's London desk was accused of #manipulating the market #peanuts https://t.co/T8MnJ9RTrb via @markets"Read full newsRead More
Shares of Canada's First Quantum Minerals Ltd rose as much as 5% to their h...Read full newsRead More
Saudi Aramco will exercise its 15% greenshoe option in whole or part during the ...Read full newsRead More