At least nine illegal gold miners have died in Zimbabwe after they detonated explosives underground and were trapped at a mine owned by unlisted London-headquartered Metallon Corporation north of the capital Harare, the company said on Monday.Metallon put its Mazowe Mine on care and maintenance last September, citing viability problems. One of Zimbabwe's biggest gold producers, it still operates t...Read More
The board of Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA has approved roughly 1.38 billion reais ($344 million) in new capital expenditures, it said on Monday.Usiminas, as the firm is commonly known, said in a filing it had approved 1.234 billion reais ($308 million) to be spent through 2022 to renovate its Alto Forno 3 unit. It also approved 143.9 million reais ($36 million) for t...Read More
Saudi Arabian Mining Co. is weighing a plan to raise as much as $5 billion through a rights offering that could be the biggest since mid-2018, according to people with knowledge of the matter. The shares slumped.At $5 billion, the offering would be the largest since Bayer AG raised $7 billion last JuneThe company, also known as Maaden, is working with HSBC Holdings Plc's Saudi Arabia unit on the p...Read More
Barrick Gold Corp's proposal to take full control of its Acacia Mining Plc ...Read full newsRead More
Pan Global Resources (TSXV: PGZ) was able to negotiate access to the Torrubia copper target in the Aguilas project, located near the city of Cordoba in southern Spain.In a media statement, the Vancouver-based company said that being able to enter Torrubia provides access to approximately 1.9 kilometres of strike with the widest and strongest soil copper geochemistry in the north part of the Torrub...Read More
Pan Global Resources (TSXV: PGZ) was able to negotiate access to the Torrubia copper target in the Aguilas project, located near the city of Cordoba in southern Spain.In a media statement, the Vancouver-based company said that being able to enter Torrubia provides access to approximately 1.9 kilometres of strike with the widest and strongest soil copper geochemistry in the north part of the Torrub...Read More
Vancouver-based Barrian Mining (TSX-V: BARI) announced that it recently completed induced-polarization and resistivity geophysical survey at its flagship Bolo gold property, located 90 kilometres northeast of Tonopah, central Nevada.In a media statement, Barrian said that the survey identified multiple high-priority anomalies that warrant follow-up reverse circulation drill testing. These new anom...Read More
Vancouver-based Barrian Mining (TSX-V: BARI) announced that it recently completed induced-polarization and resistivity geophysical survey at its flagship Bolo gold property, located 90 kilometres northeast of Tonopah, central Nevada.In a media statement, Barrian said that the survey identified multiple high-priority anomalies that warrant follow-up reverse circulation drill testing. These new anom...Read More
Barrick Gold's (TSX:ABX)(NYSE:GOLD) chief executive, Mark Bristow, said the company's bid for its 64%-owned Acacia Mining (LON:ACA) is an "appropriate" and "elegant" solution to the long-running row over outstanding tax claims that has hit the African miner's bottom-line.The $285-million offer, considered by some analysts and Acacia's minority shareholders as a low, would see the world's second...Read More
Barrick Gold's (TSX:ABX)(NYSE:GOLD) chief executive, Mark Bristow, said the company's bid for its 64%-owned Acacia Mining (LON:ACA) is an "appropriate" and "elegant" solution to the long-running row over outstanding tax claims that has hit the African miner's bottom-line.The $285-million offer, considered by some analysts and Acacia's minority shareholders as a low, would see the world's second...Read More
Barrick Gold's (TSX:ABX)(NYSE:GOLD) chief executive, Mark Bristow, said the company's bid for its 64%-owned Acacia Mining (LON:ACA) is an "appropriate" and "elegant" solution to the long-running row over outstanding tax claims that has hit the African miner's bottom-line.The $285-million offer, considered by some analysts and Acacia's minority shareholders as a low, would see the world's second...Read More
It's nice to see the Sixty North Gold Mining Ltd. (CNSX:SXTY) share price up 20% in a week. But that's small comfort...Read full newsRead More
Kamloops, British Columbia--(Newsfile Corp. - May 23, 2019) - Advance Gold Corp. (AAX) (Read full newsRead More
Australia's Danakali's (ASX, LON:DNK) said Monday it was about to close debt financing agreements worth $200 million with two African financial institutions, which will allow it fund construction and growth of its flagship Colluli potash project in Eritrea.The deals with African Export-Import Bank (Afreximbank) and Africa Finance Corporation (AFC) could be finalized "any day" and are expected to...Read More
Australia's Danakali's (ASX, LON:DNK) said Monday it was about to close debt financing agreements worth $200 million with two African financial institutions, which will allow it fund construction and growth of its flagship Colluli potash project in Eritrea.The deals with African Export-Import Bank (Afreximbank) and Africa Finance Corporation (AFC) could be finalized "any day" and are expected to...Read More
May 24th, 2019(S14-E697)Featured GuestsProfessor Laurence Kotlikoff &Professor Alexander KosovichevPlease Listen Here Interview RecapStanford University professor, Alexander Kosovichev makes his show debut with an overview of his unique solar research.Using NASA space craft readings of our nearest star, the Sun, our guest adjusted the acoustic waves.The debate continues over the true nature o...Read More
By: David Haggith...when the stock market's decade-long bottom trend becomes its new top trend and then it can't even make it back up to that line as a top trend.We're sloughing away now, and it can be a long slide to the bottom or endless side-winding of big ups and downs that go nowhere, just as the market has now gone nowhere for fifteen months.Yes, if you bought in January, 2018, (when I...Read More
By: SRSrocco As the markets sold off on Thursday, gold, and silver were few of the only assets that remained in the green for the entire day. Thus, the notion that the precious metals will crash with the markets continues to be proven wrong. And what an ugly day it was as the Dow Jones fell 450 points at its low, while the Dollar, oil, and shale stocks were clobbered. Of course, there was...Read More
Missing InflationDebt RubiconVelocity FallingThe Complex Debt and Currency Dance"Too High and Getting Wider"They Shall Not Grow OldModern technology was supposed to make travel less necessary. We can meet by phone, video, and now in virtual reality. But we're still traveling more than ever. I certainly am.The reason is simple: Technology can't yet replace face-to-face conversation, and especiall...Read More
Global steel billet markets continued to improve during the week ended Friday May 24 following the United States' removal of additional import duties against Turkey.Mills in Turkey fully returned to the scrap markets and paid higher prices after the United States removed the additional duties, which means that Turkey is once more on a level playing field with other prospective exporters to the US,...Read More