Today, Canadian Orebodies Inc. (TSX-V: CORE) released results from its fall 2017 Black Raven prospecting program which is indicating a significant discovery of multiple high grade gold bearing vein structures. The results are validating the company's strategy of consolidating its land position at Black Raven as it is starting to uncover a new trend in the historic Hemlo mining camp. Prospect...Read More
Gold was well bid during the equity correction but it could not breakout then and has retreated as equities have roared back. As a result, the Gold to stocks ratio has retraced most of its recent surge. Meanwhile, the US Dollar has rebounded and the oversold and overhated bond market could be starting a rally. The recent rise in long-term bond yields which has benefitted Gold appears due for a pau...Read More
Today, Canadian Orebodies Inc. (TSX-V: CORE) released results from its fall 2017 Black Raven prospecting program which is indicating a significant discovery of multiple high grade gold bearing vein structures. The results are validating the company's strategy of consolidating its land position at Black Raven as it is starting to uncover a new trend in the historic Hemlo mining camp. Prospect...Read More
Gold was well bid during the equity correction but it could not breakout then and has retreated as equities have roared back. As a result, the Gold to stocks ratio has retraced most of its recent surge. Meanwhile, the US Dollar has rebounded and the oversold and overhated bond market could be starting a rally. The recent rise in long-term bond yields which has benefitted Gold appears due for a pau...Read More
Georgia Power has hired 14 operators for Vogtle 3 and 4 from the abandoned VC Summer nuclear project. In its latest report to the Georgia Public Service Commission (PSC), the company said this will save nearly two years of training time and costs.Vogtle unit 3, pictured in January 2018 (Image: Georgia Power)Georgia Power is required to file reports with the PSC every six month to provide an update...Read More
An agreement signed today in Vienna will enable students from Kenya, Tanzania, Tunisia and South Africa to access a research reactor in Morocco for the purpose of nuclear education and training. Researchers from other African countries are expected to join the project in the future.Research reactors are vital for the study of modern nuclear analytical techniques, but there are only nine of them op...Read More
Costly mistakes have caused "untold reputational damage" to the UK's Nuclear Decommissioning Authority (NDA), according to a parliamentary report published yesterday. The Public Accounts Committee (PAC) report also says that central government "must share the blame" for failures over a GBP6.1 billion (USD8.4 billion) Magnox contract that was terminated nine years early.Cavendish Fluor Partnership...Read More
An experienced nuclear country like the UK should aim to have nuclear accounting for around 50% of its energy mix, according to World Nuclear Association Director General Agneta Rising. She was speaking at the Civil Nuclear Showcase conference in London on 27 February.Nuclear energy currently accounts for about 20% of the UK's electricity production. According to the Final Report of the Industrial...Read More
Noranda is seeking to ship its bauxite directly from Jamaica instead of transferring it from Panamax into Capesize vessels in Trinidad, a move that will shave several dollars off the cost of transportation, a senior Noranda Bauxite and Alumina executive said at Metal Bulletin's Bauxite & Alumina conference in Jamaica. According to Chris Young, vice president of sales and marketing, it costs around...Read More
The London Metal Exchange will introduce a financial over-the-counter (OTC) booking fee, which will be payable from June 1, the exchange said on Thursday March 1. Following a consultation period with the market, the exchange announced on Thursday that it will set a OTC booking fee of $1 per equivalent LME lot which will be paid by financial institutions for each OTC trade executed in place of an L...Read More
Nickel stocks in the Shanghai-bonded zone surged in February due to the enlarged negative arbitrage between London Metal Exchange prices and the Chinese domestic market, while higher zinc stocks were attributed to sufficient domestic supply and soft demand in the China market. In February 2018, Shanghai-bonded nickel stocks increased by 69.8% month on month, after the sustained negative arbitrage...Read More
I first presented Almadex (AXDDF, AMZ.V) in the April, 14th 2016 issue of the Mining Stock Journal at 27 cents. After announcing on Monday an investment from Newcrest Mining in its flagship El Cobre Project, the stock traded as high as $1.31. I present the case for Almadex to be at least a 5-bagger from here in this Seeking Alpha article just released. As soon as I have time to analyze t...Read More
Chilean lithium producer SQM's share prices have gone down by 13% in less than a week to stand at $50.71 at the close of the market on Wednesday February 28, compared with $58.32 on February 23.Investors' fears of oversupply in the lithium market were triggered on February 26 with the release by investment bank Morgan Stanley of research suggesting that the price of lithium could fall by 45% by 20...Read More
We are about to commence a major bull market in Gold, Silver, mining and exploration stocks. Many of them should move up to price levels that will astonish investors. Because there is very little comprehensive research coverage for most precious metals companies, many remain overlooked and undervalued. The oncoming price moves up in the precious metals shares' prices should be far above investor...Read More
Ferro-alloys trader Naja Nedergaard has joined the ferro-alloys department of ThyssenKrupp Raw Materials, the company told Metal Bulletin on Thursday March 1.Nedergaard formerly worked in the ferro-niobium department of China...Read More
Noranda is seeking to ship its bauxite directly from Jamaica instead of transferring it from Panamax into Capesize vessels in Trinidad, a move that will shave several dollars off the cost of transportation, a senior Noranda Bauxite and Alumina executive said at Metal Bulletin's Bauxite & Alumina conference in Jamaica. According to Chris Young, vice president of sales and marketing, it costs around...Read More
Oyu Tolgoi, one of the world's largest copper-gold-silver mines, has lifted its one-and-a-half-month long force majeure on concentrates delivery with effect from March 1, operator Turquoise Hill said on Wednesday February 28. The Vancouver-based company, majority-owned by Rio Tinto, is confident that any force majeure-related sales impact will be "made up over the next few quarters," according to...Read More
Massive chalcopyrite (copper) is evident on this ML Gold drill core from its Stars property in British Columbia. Source: ML Gold Corp.The company said hole 4 (DDE18SS004) has intersected 0.45% copper (0.50% copper equivalent) over 204 metres, including 1.02% copper equivalent (0.93% copper) over 40.2 metres from surface.However, ML Gold shares tumbled on the news, falling 19.61% or $0.05 to 20.5 c...Read More
Codelco's commercial vice president, Rodrigo Toro, and the general manager of its Salvador division, Juan Carlos Avenda??o, are leaving the company, the Chilean copper miner said late on Wednesday February 28.Toro will leave Codelco on April 1 and will be replaced by Roberto Ecclefield, who is currently in charge of sales for the company's...Read More
1 Non-IFRS measure. See under “Non-IFRS Measures” at the end of the press release. See also the Corporation’s financial statements and management discussion and analysis for the reconciliation of this non-IFRS measure.Corporate highlightsOn October 2, 2017, Monarques completed the acquisition of the Quebec assets of Richmont Mines in conjunction with the closing of a $6.5 million...Read More