Canada's IDM Mining Ltd. (TSX-V:IDM) (OTCQB:IDMMF), one of the several companies developing projects in British Columbia's prolific Golden Triangle, said Monday it expected to receive the necessary environmental permits for its proposed Red Mountain mine in the third quarter of the year.The Vancouver-based junior, which is working on a resource update for its gold-silver project, located just 15 k...Read More
Canada's IDM Mining Ltd. (TSX-V:IDM) (OTCQB:IDMMF), one of the several companies developing projects in British Columbia's prolific Golden Triangle, said Monday it expected to receive the necessary environmental permits for its proposed Red Mountain mine in the third quarter of the year.The Vancouver-based junior, which is working on a resource update for its gold-silver project, located just 15 k...Read More
The big picture of power availability in India stresses the importance of urgent action. The growing per capita power consumption along with high population growth rate, urbanization and rising middle class emphasises the critical importance of improving new power generation capacity.Continue reading...Read More
May 11 (Reuters) - Shandong Gold Mining Co Ltd: * SAYS IT GETS CHINA SECURITIES REGULATOR'S APPROVAL TO ISSUE UP TO 376.89 MILLION H-SHARES FOR INITIAL HONG KONG SHARE OFFERING Source text in Chinese: ...Read full newsRead More
The price of steelmaking raw materials in China rose for a second session on Monday on optimism that steel mills will replenish stockpiles as steel production increases and as iron ore inventories at ports decline.The utilisation rate at blast furnaces across the country picked up again last week to 69.89 percent, as of May 11, up 0.97 percentage points from a week earlier and at its highest since...Read More
Canada-listed junior miner Thor Explorations aims to bring Nigeria's first large-scale gold mine online in early 2020, its CEO said, as the West African country seeks to diversify its economy away from oil and gas.Following the commodity price crash of 2015-16, the World Bank in April 2017 said it was providing funds to help the Nigerian government develop its neglected mining sector.Projects unde...Read More
Canada-listed junior miner Thor Explorations aims to bring Nigeria's first large-scale gold mine online in early 2020, its CEO said, as the West African country seeks to diversify its economy away from oil and gas.Following the commodity price crash of 2015-16, the World Bank in April 2017 said it was providing funds to help the Nigerian government develop its neglected mining sector.Projects unde...Read More
Barrick Gold (NYSE, TSX:ABX), the world's top miner of the precious metal, is stepping up its "green" efforts by signing a 10-year natural gas supply contract in the Dominican Republic that will enable the conversion of the power plant feeding the company's Pueblo Viejo mine from heavy fuel oil to natural gas, generating key cost-savings at the same time.Thanks to the agreement between the mine o...Read More
Barrick Gold (NYSE, TSX:ABX), the world's top miner of the precious metal, is stepping up its "green" efforts by signing a 10-year natural gas supply contract in the Dominican Republic that will enable the conversion of the power plant feeding the company's Pueblo Viejo mine from heavy fuel oil to natural gas, generating key cost-savings at the same time.Thanks to the agreement between the mine o...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK Canadian Insider Index finally smashed its way through major resistance at 1292-94, as I forecast would happen in last week's technical review. Indeed, the Index surged as high as 1308.11, setting a new all-time high on Friday, before closing at 1299.05 for a gain of 7...Read More
Investing.com - With gold prices continuing to mirror moves in the dollar metals traders will be turning their attention to Tuesday’s U.S. retail sales report to try to form a clearer picture of the health of the economy and the outlook for interest rates.Alongside the retail data, markets will also be watching reports on the housing sector, manufacturing and industrial production. U.S. - Ch...Read More
Steel billet prices in the global markets showed mixed dynamics during the working week from Monday May 7 to Friday May 11.The decision by the United States to withdraw from the international nuclear-power deal with Iran was expected to decrease the supply of the semi-finished material in the Gulf region, while CIS-region suppliers could see this as an opportunity.Turkish market remained quiet due...Read More
Steel billet prices in the global markets showed mixed dynamics during the working week from Monday May 7 to Friday May 11.The decision by the United States to withdraw from the international nuclear-power deal with Iran was expected to decrease the supply of the semi-finished material in the Gulf region, while CIS-region suppliers could see this as an opportunity.Turkish market remained quiet due...Read More
Steel billet prices in the global markets showed mixed dynamics during the working week from Monday May 7 to Friday May 11.The decision by the United States to withdraw from the international nuclear-power deal with Iran was expected to decrease the supply of the semi-finished material in the Gulf region, while CIS-region suppliers could see this as an opportunity.Turkish market remained quiet due...Read More
The tale of woe continues for beaten-down precious metals miner Tahoe Resources Inc. (TSX:THO)(NYSE:TAHO). After being forced to cease operations at its flagship Escobal silver mine in Guatemala because of that nation's Supreme Court suspending the mine's licence in July 2017, it has been unable to recommence operations as quickly as expected. There are signs that reinstatement of the mining licen...Read More
If you've been keeping an eye on small-cap companies of late, you may have noticed something strange happening in the copper sector. Copper is not always an area of investment that folk think about, but at the moment it seems to be doing something a little peculiar. We're here to take a look at what's going on, and what it could mean for prospective investors.Copper takes a nose-dive, but is it al...Read More
A memorandum of understanding (MoU) on cooperation in the peaceful uses of nuclear energy has been signed between China National Nuclear Corporation (CNNC) and the Ugandan Ministry of Energy and Mineral Development. The parties will give priority to cooperation in applying nuclear technology in medicine, agriculture and industry.Muloni and Shoujun sign the cooperation MoU (Image: CNNC)The MoU was...Read More
Base metals on the London Metal Exchange were mostly mixed at the close of trading on Monday May 14, with nickel's three-month price climbing 3% during the afternoon. Breaking through previous resistance at $14,200 per tonne this morning, nickel reached a high of $14,520 per tonne during the afternoon once momentum took an upward shift. Staggered mine output across New Caledonia and Indonesia...Read More
A team of International Atomic Energy Agency (IAEA) experts has completed a Pre-SALTO (Safety Aspects of Long Term Operation) review at Brazil's Angra 1 nuclear power plant. Plant operator Eletrobras Eletronuclear is preparing to apply to extend the pressurised water reactor's operating lifetime from 40 to 60 years.Angra 1 and 2 (Image: Eletronuclear)The 13-strong team included experts from Argen...Read More
Chilean President Sebasti??n Pi??era has appointed Hern??n de Solminihac and Ignacio Briones as new board members of state-owned copper producer Codelco, the company said late on Friday May 11. De Solminihac, who is an ex-minister of Mining and Public Works, and Briones, the dean of the Adolfo Ib????ez University, were both appointed for four-year terms. They replace Laura Albornoz and Dante...Read More