First Solar Japan and Toshiba Energy Systems & Solutions Corp (Toshiba ESS) have agreed to construct two mega solar projects in eastern Japan's Tochigi Prefecture, Toshiba ESS said in a release on Wednesday September 16.The two plants, with an integrated capacity of nearly 60 megawatts (MW), will start operating in April 2023 and will use First Solar's photovoltaic modules.The electricity will be...Read More
The Flin Flon mining district, which straddles Manitoba and Saskatchewan, hosts Hudbay Minerals' (TSX: HBM; NYSE: HBM) 777 mine.The underground mine, which has been producing base and precious metals since 2004 and employs over 800 people, is approaching the end of its life, with final production slated for 2022. This is a cause of great concern for the local community of Flin Flon.However, Max Po...Read More
Manitoba and Saskatchewan are among the world's premier jurisdictions for mining and mineral exploration. Here's a look at eight companies with assets in the provinces. ALX ResourcesALX Resources (TSXV: AL) is focused on nickel, copper-cobalt, gold and uranium exploration in Saskatchewan, where it holds over 2,000 square kilometres.In August, ALX entered into an option agreement with Rio Tinto (N...Read More
Chairman Mao Zedong's famous proclamation that "women hold up half the sky" may be true but certainly not as chief executive officers or in the boardrooms of the corporate world.So it was refreshing to hear the recent news that Citigroup - the third largest bank in the United States - has chosen Jane Fraser as its next CEO. Fraser, 53, started her career at Goldman Sachs in London and then went to...Read More
Argentina's decision this week to expand restrictions on foreign exchange to protect its dollar reserves is largely due to the coronavirus pandemic's impact on the country's already overburdened economy, Waldo Perez, president and chief executive of Neo Lithium (TSXV: NLC; US-OTC: NTTHF), told The Northern Miner."The pandemic has had a very important role to play in this policy move - they are tem...Read More
The suspension of mining activities due to the Covid-19 outbreak in the second quarter of this year will result in a 1.7% decline in global gold production in 2020, says GlobalData.According to the data and analytics company, all the world's top gold producers, including Newmont (TSX: NGT; NYSE: NEM), Barrick Gold (TSX: ABX; NYSE: GOLD), AngloGold Ashanti (NYSE: AU), and Newcrest Mining (ASX: NCM)...Read More
Chile's environmental court has put the final nail in the coffin for Barrick Gold's (TSX: ABX; NYSE: GOLD) giant Pascua-Lama gold-silver project, straddling the Argentina border, which had been on hold since 2013 over environmental concerns.The court dismissed late on Thursday a legal challenge from the company to a 2018 ruling. At the time, Chile's Environmental Protection Agency (SMA) ordered th...Read More
BHP (NYSE: BHP; LSE: BHP) acknowledged on Thursday it was aware of Australian Aboriginal groups' concerns about the future of dozens of heritage sites before it sought and obtained approval to destroy them, as part of a US$3.4 billion expansion of its South Flank iron ore project.The company, the second major miner to appear at a federal parliamentary inquiry investigating Rio Tinto's (NYSE: RIO;...Read More
Canadian miner Kinross Gold is boosting output and paying its first dividend in seven years after gold prices surged to a record. BNN Bloomberg's Andrew Bell has more.Read full newsRead More
It has been revealed that a blast set off a series of seismic events and a large underground rock fall at the Gwalia mine in WA, just weeks after a $100 million project to extend the life of the mine was completed.Read full newsRead More
Chile's environmental court confirmed Thursday a final order to close Canadian company Barrick Gold's huge Pascua Lama mining project, on hold since 2013 over environmental concerns.Read full newsRead More
A huge opportunity for solar, batteries, EVs and other DERs - and a huge challenge to integrate utility grid operations with bulk energy markets.Read full newsRead More
Audi is adding a new member to its A3 family: the A3 Sportback 30 g-tron natural gas vehicle. Operation with natural gas or biomethane makes the compact model economical and more climate-friendly with low emissions. Sales in Germany and other European countries begin in fall 2020 at a base price...Read full newsRead More
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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
Canadian miner Kinross Gold is boosting output and paying its first dividend in seven years after gold prices surged to a record. BNN Bloomberg's Andrew Bell has more.Read full newsRead More
The world is in the midst of a devastating pandemic. These are uncertain times, and people are cautious. In this environment, investors need to be conservative. To minimize risk, most investors tend to invest in assets that are considered safe, particularly gold. Here are three reasons why wealthy billionaires and sophisticated investors are betting on the yellow metal, and why you shou...Read More
Sep 19, 2020 Guest(s): Darren Blasutti CEO, Americas Silver Corp. The rapid rise of gold and silver prices have caused valuations from miners as well as their exploration budgets to expand, but the industry is yet to see its full potential as the lockdowns have prevented silver companies from generating free cash flow the way they should be, said Darren Blasutti, CEO of Americas Gold and Silver....Read More
Sep 19, 2020 Guest(s): Samson Li Senior Precious Metals Analyst, Thomson Reuters GFMS. The Chinese economy is gaining strength due to containment of COVID-19 and a stimulus to shake off the effects of the pandemic and the economic slowdown, said Samson Li, Senior Precious Metals Analyst at Thomson Reuters GFMS. Li spoke to Kitco on Thursday Hong Kong time. Copper is at a two-year high trading a...Read More