JL Warren says that the first tranche of financing for Tesla will carry a 3.9% interest rate, below the People's Bank of China benchmark rate of 4.35%. Read full newsRead More
"BlueStone Resources : Drilling Continues to Deliver High Grade Intercepts: 3.2 meters of 18.5 g/t Au and 1 meter of 38.5 g/t Au -- #bluestoneresources #bsr #cerroblanco #exploration #goldcorp #mining #mita --Read the News Release here: https://t.co/CJjYipykkt"Read full newsRead More
Assays are back for the first 21 holes of a 61-hole drill program completed at Monarques Gold Corp.'s (TSX: MQR; US-OTC: MRQFR) McKenzie Break project and have extended the deposit laterally and at depth.The best intercept from the project, 35 km north of Val-d'Or, Quebec, was 61.20 grams gold over 2.6 metres starting from 254.8 metres downhole, including 265 grams gold over 0.6 metres in drill ho...Read More
"BlueStone Resources : Drilling Continues to Deliver High Grade Intercepts: 3.2 meters of 18.5 g/t Au and 1 meter of 38.5 g/t Au -- #bluestoneresources #bsr #cerroblanco #exploration #goldcorp #mining #mita --Read the News Release here: https://t.co/CJjYipykkt"Read full newsRead More
OptiMine (R) Digital Operation CenterContinuing the development of its award-winning OptiMine (R) platform, Sandvik is introducing the newest OptiMine (R) features, focused on analytics and visualization, at Goldcorp's #DisruptMining event."More and more, the mining industry is recognizing the value of information to get the most out of their operations," said Petri Mannonen, OptiMine (R) Product...Read More
If you're wondering why London Metal Exchange (LME) stocks of metals such as copper and zinc are so low, part of the answer lies with the current strength of Chinese imports.LME copper stocks, excluding metal awaiting load-out, currently total a meagre 21,600 tonnes, the lowest since 2005.There are just 52,650 tonnes of "live" LME zinc stocks, a level not seen this century.Lead can be added to the...Read More
"$BHP has added three women to its senior leadership team, including the return of Olympic Dam boss Laura Tyler to the c-suite as chief geoscientist, on top of her mine-running role | https://t.co/HtpE40hoyo"Read full newsRead More
Aurubis AG, Europe's biggest copper smelter, is still seeking growth via acquisitions, CEO Juergen Schachler said on Thursday."As a practically debt-free company we possess a comfortable financial scope," Schachler told shareholders in Hamburg."But we intend to undertake small or medium-sized acquisitions rather than a large transaction."Schachler repeated a previous forecast for the 2018/19 finan...Read More
IAMGOLD Corporation ("IAMGOLD" or the "Company") deeply regrets to report the death of a contractor's employee due to an equipment fire at its Essakane Mine in Burkina Faso, West Africa.The incident occurred at the end of the night shift and during the operation of the contractor haul truck on site. Essakane's Emergency Response Team was immediately activated. The appropriate government authoritie...Read More
Para Resources Inc. (the "Company" or "Para") is pleased to announce the successful re-start of the Gold Road mill and CIL plant. Low-grade inventory is being used for the initial feed in order to properly balance the system. Higher grade production from current mining faces will be fed to the plant once steady state conditions are achieved, expected within several weeks. The full circuit, includi...Read More
Chilean miner SQM said on Thursday it foresees strong long-term demand for lithium but offered a short-term prognosis clouded by the entry of new projects into the market and slowing growth of demand for the product this year.The company's new chief executive, Ricardo Ramos Rodriguez, said in an earnings call he expected sales volume in 2019 to rise slightly from 2018, along with modestly higher a...Read More
South Africa's labour court has ordered a mineworkers' union to suspend its plans for an industry-wide strike from Feb. 28 to March 7 until it issues a ruling on whether to block the action, the union and producer Lonmin said on Thursday.The Association of Mineworkers and Construction Union (AMCU) has been on strike at Sibanye-Stillwater's gold operations since mid-November in a pay dispute and an...Read More
* China coal use rises for 2nd year in absolute terms* Coal's share of total energy below 60 pct for 1st time* Biggest rise in CO2 emissions since 2013 -Greenpeace* Carbon intensity cut beats target -environment ministryChina's coal consumption rose for a second year in a row in 2018, but coal's share of total energy consumption fell below 60 percent for the first time as cleaner energy sources ga...Read More
The world's biggest platinum miners won a reprieve after a South African court reserved judgment on whether to block a week-long industry strike that was scheduled to start Thursday night.The Association of Mineworkers and Construction Union called the action in sympathy with members at Sibanye Gold Ltd.'s gold mines, who downed tools over wages in November. Producers have warned the strike would...Read More
On the one year anniversary of the signing of the Peru-Australia Free Trade Agreement (PAFTA), the Minerals Council of Australia issued a statement saying that the ratification of the deal is expected to deliver major investment and job opportunities for Australia's mining industry."Under PAFTA, Peru will eliminate 99.4% of its tariffs, including on valuable Australian resources such as iron ore,...Read More
Golden Share Resources (TSXV: GSH) announced this week that it has acquired the Sandridge project through map staking.The project is located approximately 150 kilometres east of Thunder Bay, in eastern Canada, and it sits on the Winston Lake Greenstone Belt, known by its initials WLGB.This is not Golden Share's first incursion in the area. The Ontario-based firm previously held the past-producing...Read More
Canada's Barrick Gold (TSX:ABX)(NYSE:GOLD) and U.S. rival Newmont Mining (NYSE:NEM) are working hard on persuading their respective top investors that a merger of the companies is the best, or the worst, option for them.Barrick launched its hostile bid for Newmont on Monday, and updated its presentation on Thursday, adding more information on the expected synergies and benefits of the deal.Barr...Read More
A spokesman for the national disaster agency said the mine collapsed Tuesday eveningRead full newsRead More
Auditors to Australian rare earths miner Lynas Corp (ASX: LYC) warned of a material risk to its business, after the company revealed it would not be able to comply with tough conditions imposed by the Malaysian government on its licence to operate in the country last year.The miner, one of the world's main suppliers of rare earths outside China, said on Thursday it could not meet the timeline to e...Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) (the "Company" or "IsoEnergy"), is pleased to announce that drill hole LE19-06 assayed 4.0 metres of 3.8% U3O8, including 0.5 metres @ 13.7% U3O8. LE19-06 was collared 30 metres to the east of drill hole LE18-01A, the original discovery drill hole which returned 8.5 metres @ 1.3% U3O8 including 2.5m @ 3.6% U3O8.LE19-09, a 30 metre step o...Read More