Recent News

Metals Commentary: Fed policy shift should be good for gold

April 03, 2019 / www.northernminer.com

The following is an edited Investment Update from the World Gold Council. For the full report, visit www.gold.org.The latest U.S. Federal Reserve Open Markets Committee meeting on March 20 confirmed market expectations that the Federal Reserve (Fed) will remain on hold for the rest of the year. This, in turn, will likely influence gold's performance. Our historical analysis shows that when the Fed...Read More

Macquarie: #nickel is the clear winner in a 3-stage metals "beauty parade", scoring top marks as an investment over...

April 01, 2019 / twitter.com

"Macquarie: #nickel is the clear winner in a 3-stage metals "beauty parade", scoring top marks as an investment over the next 12-months, 24-months, and a shared second place in the 5-year categoryhttps://t.co/ykwFaCwYEb"Read full newsRead More

Ivanhoe tests area near Kamoa North discovery hole

March 29, 2019 / www.northernminer.com

In January, Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) reported a 22-metre intercept of 13.05% copper at a 2% cut-off in a shallow, flat-lying discovery sitting within 190 metres of surface at Kamoa North, an exploration area on the company's Kamoa-Kakula mining licence in the Democratic Republic of the Congo (DRC).The drill hole - 1450 - is 18 km north of the Kamoa-Kakula project's planned initial m...Read More

Northern Vancouver Island's mineral potential to be surveyed

March 31, 2019 / www.mining.com

Non-profit organization Geoscience BC is planning a new airborne survey to help identify mineral potential on northern Vancouver Island, in the western Canadian province of British Columbia.According to the NGO, every time its team runs projects like this one, new investment comes into the region at hand as the data is used to inform mineral exploration and development decisions by the mining sect...Read More

AngloGold to comply with South Africa mining rights directive

March 31, 2019 / www.mining.com

AngloGold Ashanti Ltd. is complying with an order from South Africa's Department of Mineral Resources to amend its mining rights to reflect black economic empowerment, the company's spokesman Chris Nthite said.The world's No. 3. gold producer may have contravened black economic empowerment rules tied to its mining rights when it awarded a 4.5 percent stake to employees instead of 6 percent, City P...Read More

Nickel Stocks and Gold Shrug Off Stock Market Worries

March 29, 2019

Nickel stocks were supported by positive commodities news this week as a report found that stock exchanges are not generating enough support for junior miners and their crucial role in exploration.   Canadian explorer FPX Nickel Corp (FPX.V), which is developing the large-scale Decar Nickel District in British Columbia, tweeted a chart from Morgan Stanley’s latest commodity therm...Read More

Canadian Mining Hall of Fame welcomes five trailblazers

March 28, 2019 / www.northernminer.com

The Canadian Mining Hall of Fame (CMHF) bestowed honours on five industry giants at its thirty-first annual induction ceremony in January at the Metro Toronto Convention Centre. The 2019 inductees - Kate Carmack, James M. Franklin, James W. Gill, A. M. (Sandy) Laird and Brian K. G. Meikle - join 176 existing CMHF members."Tonight we celebrate the lives of four men and one exceptional woman who thr...Read More

New Morgan Stanley commodity thermometer (March 2019) placing #nickel near the top. Sorry, cobalt and lithium -- be...

March 25, 2019 / twitter.com

"New Morgan Stanley commodity thermometer (March 2019) placing #nickel near the top. Sorry, cobalt and lithium -- better luck next year."Read full newsRead More

Interview with Dr. Quinton Hennigh, President and Chairman, NOVO Resources Corp (TSX-V: NVO; OTCQX: NSRPF): World-Class Large-Scale Australian Conglomerate Gold Deposits

March 26, 2019 / www.metalsnews.com

Novo Resources Corp. (TSX-V: NVO; OTCQX: NSRPF), a Canadian gold exploration and development company, has built up a significant land package covering approximately 12,000 sq km with varying ownership interests in the Pilbara region of Western Australia. We learned from Dr. Quinton Hennigh, President and Chairman of NOVO Resources Corp., that they are looking for world-class large-scale conglomera...Read More

LME suspends cobalt brand listing fees for six months

March 27, 2019 / www.metalbulletin.com

The London Metal Exchange has announced a six-month suspension of listing fees for new cobalt brands on the exchange in a note to members on Tuesday March 26, amid emerging liquidity concerns from producers."[A] number of cobalt producers have indicated a desire to list their brand on the LME," the exchange said in the note, "but have expressed concerns that, in the event that the 'user choice' mo...Read More

Vale's Sul Superior Dam in critical condition

March 23, 2019 / www.mining.com

Brazilian mining giant Vale (NYSE:VALE) announced this weekend that the Sul Superior Dam at the Gongo Soco mine is in a critical condition when it comes to stability. This, following the work of an independent auditor, hired to evaluate the state of the structure.The dam is located in the municipality of Bar??o de Cocais, in the southeastern Brazilian state of Minas Gerais. This is the same region...Read More

US sanctions Venezuela state gold mining company: Treasury

March 24, 2019 / dlvr.it

The United States slapped sanctions Tuesday on a Venezuelan state mining company, charging that its illicit gold operations were being used to prop up President Nicolas Maduro and his inner circle. The action was taken against CVG Compania General de Mineria de Venezuela CA, or Minerven, and its president Adrian Antonio Perdomo Mata, the US Treasury Department said. Treasury Secretary Steven Mnuch...Read More

Hudbay Minerals granted final permit for $1.9B Rosemont copper mine

March 22, 2019 / www.mining.com

Canadian miner Hudbay Minerals (TSX, NYSE: HBM) scored a big win this week after the U.S. Forest Service approved the company's mine plan of operations (MPO) for its $1.9 billion Rosemont copper project in Arizona."Rosemont is now a fully permitted, shovel-ready copper project and we look forward to developing this world-class asset," president and chief executive Alan Hair said in a statement.T...Read More

Analysts Talk Up Junior Mining Stocks After Fed Boost for Gold

March 22, 2019

This week’s dovish Federal Reserve statement gave gold a boost and in the aftermath, analysts have been talking up the prospect of a real change in fortunes for junior gold stocks.   John Kaiser, of Kaiser Research, said that following a “pretty lame start to 2019” for junior mining stocks an upturn could finally be on the way. Junior gold mining companies in particular co...Read More

Endeavour pours first gold at Ity CIL project

March 19, 2019 / www.mining.com

Endeavour Mining Corp. of London has poured its first dor?(C) bar from its Ity carbon-in-leach project four months earlier than planned and well under its $412 million budget. The bar contains about 1,800 oz. of gold.The CIL plant is already running at its 4 million t/y capacity following the quick ramp up. Commercial production will probably be declared early in Q2 2019.Endeavour has launched an...Read More

Barrick Gold's Joint Venture With Newmont Mining Looks Like a Winner

March 13, 2019 / dlvr.it

The venture, which replaces a hostile takeover bid by Barrick, could produce synergies of $4.7 billion without the integration issues of a merger. It may have been what both companies were looking for all along.Read full newsRead More

Newcrest grabs majority stake in Canadian copper-gold mine

March 11, 2019 / www.mining.com

Australia's largest gold producer, Newcrest Mining, (ASX: NCM) is acquiring a 70% joint-venture interest in Imperial Metals' (TSX: III) Red Chris copper and gold mine, located in British Columbia, Canada, as part of an ongoing push by the world's top bullion miners to get even bigger.The Melbourne-based company, which is also the world's No. 3 gold producer by market value, is paying Imperial $806...Read More

Gold Stopped Cold at $1,300 Spot on Friday

March 11, 2019 / news.goldseek.com

By: Ed SteerYESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMThe gold price edged quietly sideways once trading began at 6:00 p.m. EST on Thursday evening in New York -- and that lasted until around 9:20 a.m. China Standard Time on their Friday morning. It began to head higher from there -- and that lasted until shortly before 9:30 a.m. in London. It crept quietly lower from that juncture un...Read More

Indonesia's Antam 2018 profit surges on robust nickel sales

March 11, 2019 / www.mining.com

Indonesian state miner PT Aneka Tambang (Antam) targets to start operation of its ferronickel smelter in East Halmahera in the second half of this year, with initial production target of around 5,000 tonnes of nickel in ferronickel (TNi), Finance Director Dimas Wikan Pramudhito said.The plant will have a production capacity of 13,500 TNi, increasing Antam's overall ferronickel production capacity...Read More

LME launches seven new contracts to try to boost volumes, profit

March 11, 2019 / www.mining.com

The London Metal Exchange (LME) is launching seven new cash-settled futures contracts on Monday, including hot-rolled coil (HRC) steel, alumina and cobalt, aiming to attract more business after profits fell last year.The world's oldest and largest market for industrial metals wants a stronger portfolio of products as competition intensifies with rival exchanges, such as CME Group Inc. of the Unite...Read More

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