VANCOUVER - A Canadian government led by Andrew Scheer, the current leader of the official opposition Conservative Party of Canada, would repeal legislation currently before the Canadian Senate that he argues hobbles resource development.Speaking at the Association of Mineral Exploration's (AME) Roundup convention, Scheer said if a Conservative government is elected this coming October, it will "d...Read More
This episode features an in-depth interview with Andrew Swart of accounting and management consulting giant Deloitte on the topic of major trends that miners need to keep an eye on in 2019.Andrew SwartBased in Toronto, Andrew is Deloitte's Canadian Leader for Mining & Metals, and its Global Consulting Leader for Mining & Metals.Andrew emphasizes the need for miners to improve strategies regarding...Read More
Premier Gold Mines (TSX: PG; US-OTC: PIRGF) expects two new mines will come online over the next 12 to 18 months in Nevada at its South Arturo project, a 40%-owned joint venture with Barrick Gold (TSX: ABX; NYSE: GOLD).Production from South Arturo's phase-one open pit is expected to start sometime in early or mid-2020, while the El Nino underground mine - a down-plunge extension of the joint-ventu...Read More
Sokoman Iron (TSXV: SIC) announced that it now owns a 100% interest in the Moosehead gold property, located in central Newfoundland, Canada.In a press release, Sokoman said, as required in the option agreement it signed with Altius Resources (TSX: ALS), the company invested $500,000 in exploration expenditures as an operator within the first year of the closing of the deal.Core from one of the hol...Read More
* Xinfa Group, one of China's top aluminium producers, has reduced output at its alumina plant in southern China's Guangxi region due to tight bauxite supply, according to a company official and a consultancy.* Production has been reduced by 500,000 tonnes on an annual basis, said the Xinfa official, who put the plant's total capacity at 3 million tonnes per year.* Consultancy Baiinfo said the dai...Read More
* Quotas set at 2015-2017 average imports, plus 5 pct* Tariffs of 25 pct apply if quotas are filled* Steel group welcomes move, carmakers don'tThe European Union will impose limits on steel coming into the bloc from Saturday in response to U.S. President Donald Trump's metals tariffs, a filing in the European Union's official journal said on Friday.Steel imports will be subject to quotas to counte...Read More
Commodities love a tragedy.Last week's burst of a tailings dam at a Vale SA iron ore mine in Brazil's Minas Gerais state has left close to a hundred, and possibly approaching 400, people dead. Far from wilting at the news, iron ore has been surging - up 12 percent in the last five days, its biggest five-day jump in about 18 months.That seeming cold-heartedness is only natural. Vale produces about...Read More
In the aftermath of Brazil's deadliest mine disaster, a nasty and familiar feud has broken out.Green groups and community activists blamed avaricious industrialists, free-market fundamentalists and their official enablers for gutting safety protocols that led to last week's collapse of a tailings dam at Vale SA's Feijao iron ore mine, in Minas Gerais state, which has claimed at least 110 lives, wi...Read More
Mitsui & Co on Friday cut full-year profit forecast by 2 percent due to the absence of a dividend from Vale, but the Japanese trading house does not plan to change its holding in the Brazilian miner, a company executive said.With 110 people confirmed dead and another 238 missing, according to firefighters' count on Thursday evening, the collapse of tailings dam, which belongs to top iron ore miner...Read More
Residents of Brumadinho, Brazil, where a mining dam ruptured last week leaving at least 110 dead, 238 missing and an environmental disaster of epic proportions, claim a law-enforced alarm didn't go off on time to save lives, local media report.According to O Globo, one of the most respected Brazilian publications, mining giant Vale (NYSE:VALE) acknowledged that warning sirens at its C??rrego do...Read More
Visible Gold, headquartered in Rouyn-Noranda, Que., has agreed to purchase the remaining 40% interest in the Cadillac East gold project from Cadillac West Explorations, a subsidiary of Liberty Gold Corp. Visible Gold will then be the 100% owner of the project.The purchase is a share-only deal. Visible Gold will issue 750,000 common shares with a deemed value of $0.06 each to Cadillac West. The Cad...Read More
Carter Worth, Cornerstone Macro, on whether there's a gold rally on the horizon. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Steve Grasso, Jeffrey Mills and Guy Adami.Read full newsRead More
It's official: January marked the record 100th consecutive month of consecutive job growth, and it did so in style, with the US adding a whopping 304K jobs last month.Read full newsRead More
First it was the Libor-rigging cartel, then the FX exchange-rate manipulation cartel, now, European regulators have moved on to prosecutingRead full newsRead More
Mid-tier miners such as Kinross Gold, Iamgold and Agnico Eagle Mines, seeking to...Read full newsRead More
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Why are Armenians fighting over the controversial Amulsar gold mining project and how does it affect the country's new government?Read full newsRead More
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