Mining Articles

Barsele updates resource on Agnico JV in Sweden

Feb. 21, 2019, 1:33 PM / Northern Miner Staff

Barsele Minerals (TSXV: BME; US-OTC: BRSLF) has tabled an updated resource estimate for its Barsele gold project in northern Sweden totaling 5.5 million indicated tonnes grading 1.81 grams gold per tonne for 324,000 oz. gold and 25.4 million inferred tonnes at 2.54 grams gold for 2.08 million oz. gold.The resource is split between pit constrained, bulk underground and selective underground mining...Read More

Adani Enterprises could wait up to two years for Carmichael mine approval

Feb. 21, 2019, 1:29 PM / Reuters

* Official says approval could take 6 months to two years* Comments come from state resources investment commissioner* Decision on approvals to come from environment department* Queensland Resources department says official has no authority to speak on timelines (Adds statement from Queensland mines department, recasts)India's Adani Enterprises might have to wait up to two years to get two environ...Read More

Great Bear Drills Hinge Zone Extensions - Results Include New 42 m Wide Zone with Multiple Gold-Bearing Intercepts...

Thu Feb 21 13:19:05 2019 / Staff reporter

"Great Bear Drills Hinge Zone Extensions - Results Include New 42 m Wide Zone with Multiple Gold-Bearing Intercepts Including 31.60 g/t Gold Over 3.40 m at 157 m Depth @GreatBearGBR https://t.co/iD7kC4r929"Read full newsRead More

#Trade Talks Update: China, US Working On 6 Memorandums As Deal Takes Shape | Zero Hedge

Thu Feb 21 13:14:54 2019 / Staff reporter

The agreements could cover agriculture, non-tariff barriers, services, technology transfer and IP...Read full newsRead More

#China Reportedly Proposed Buying Another $30 Billion In US Agricultural Products | Zero Hedge

Thu Feb 21 13:14:20 2019 / Staff reporter

The offer includes soybeans, corn and wheat...Read full newsRead More

Trade War Goes Global: #China "Indefinitely" Bans Australian Coal Imports | Zero Hedge

Thu Feb 21 12:55:55 2019 / Staff reporter

China wasn't kidding when it said it would retaliate against any country that discriminates against Huawei...Read full newsRead More

The $32 trillion pushing fossil fuel CEOs to act on climate

Feb. 21, 2019, 12:53 PM / Bloomberg News

Behind Glencore Plc's decision to limit coal investment is a little-known, but powerful group of investors.Glencore made its decision after facing pressure from a shareholder network known as Climate Action 100+, which has the backing of more than 300 investors managing $32 trillion. The group was founded a little over a year ago, but has already extracted reforms from oil heavyweights, like BP Pl...Read More

China port reportedly bans Australian coal amid Huawei tensions

Feb. 21, 2019, 12:26 PM / Bloomberg News

A major port in northern China has reportedly banned coal imports from Australia - in a sign that Beijing may be flexing its economic muscles and warning nations not to bar its next-generation wireless technology.The indefinite coal restrictions at Dalian started this month and are part of an overall plan to cap imports into the customs region this year, Reuters reported, citing an unnamed Dalian...Read More

Copper and lithium giant squeezing water rights for miners

Feb. 21, 2019, 11:01 AM / Bloomberg News

In a belated response to falling fresh-water levels in desert areas, Chile is moving to protect a natural resource that has been depleted after decades of mining activity.With complaints from local communities rising and the effects of climate change worsening, the world's largest copper producer is planning to implement measures that will make it more difficult for miners to pump fresh water.Chil...Read More

The European Central Bank's profit rose in 2018 thanks to more interest income from the bonds acquired via QE #ecb...

Thu Feb 21 10:47:08 2019 / Staff reporter

"The European Central Bank's profit rose in 2018 thanks to more interest income from the bonds acquired via QE #ecb https://t.co/efXGdsZNpA via @markets"Read full newsRead More

Insiders bet West Fraser Timber stock will close the gap

Thu, 21/02/2019 10:47 am / Ted Dixon

West Fraser Timber (Mostly Sunny; WFT) gapped down 2.23% on February 13th after reporting Q4 results after the close on the 12th. Although it traded as low as $67 on the day, it managed to close towards the high end its range at $72.78. However, the stock has continued to slide in the days since. The question is: will it be able to gather some steam and make a rebound?The stock, which is a member...Read More

LME copper squeeze will test market's bull credentials

Feb. 21, 2019, 10:19 AM / Reuters

Is copper finally about to break up out of its well-trodden seven-month range?London Metal Exchange (LME) three-month copper came tantalisingly close on Wednesday with a mini-surge to $6,426.50, challenging the upper band of the $5,725 to $6,440 range that has defined the market since July 2018.The market was regrouping Thursday around the $6,380 level.Glencore set the ball rolling with an announc...Read More

Corvus Gold drills 38.1 m of 2.58 g/t Au at Mother Lode

2019-02-21 09:54 / Mr. Jeffrey Pontius reports

Mr. Jeffrey Pontius reportsCORVUS GOLD EXPANDS MOTHER LODE DEPOSIT TO THE EAST, WEST AND AT DEPTH BELOW PIT BOTTOM WITH THICK OXIDE MINERALIZATION TO DEPTHCorvus Gold Inc. has received results from eight holes targeting the eastern, western and below-pit-bottom resource expansion potential at the Mother Lode deposit in Nevada (please see attached table).Results continue to show high potential for...Read More

AMCU plans to extend Sibanye gold strike to other South African miners

Feb. 21, 2019, 9:41 AM / Reuters

* AMCU extends Sibanye gold strike to platinum* AngloGold, Lonmin, Harmony, Amplats served union strike notices* Lonmin shares down (Adds other firms, Sibanye comment, detail)Workers led by South Africa's Association of Mineworkers and Construction Union (AMCU) plan to down tools at gold and platinum mines next week in support of colleagues at Sibanye-Stillwater who are striking over wages and job...Read More

Minister's Statement Regarding Hydro One

February 21, 20199:10 A.M. / Ministry of Energy, Northern Development and Mines

TORONTO - Today, Minister of Energy, Northern Development and Mines Greg Rickford released the following statement on Hydro One executive compensation: "Ontario's Government for the People has taken decisive action to bring Hydro One's executive compensation in line with levels with comparable utilities. "After receiving a proposal last week that included a CEO compensation cap of $2.775 millio...Read More

Kirkland expects 920,000-1M oz Au production in 2019

2019-02-21 08:40 / Mr. Anthony Makuch reports

Mr. Anthony Makuch reportsKIRKLAND LAKE GOLD INCREASES 2019 PRODUCTION GUIDANCE TO 920,000 - 1,000,000 OUNCES, FOSTERVILLE MINERAL RESERVES INCREASE 60% TO 2.7 MILLION OUNCES AT 31.0 G/TKirkland Lake Gold Ltd. has revised and increased its consolidated three-year production guidance and improved its unit cost guidance for 2019. The company also announced today mineral reserve and mineral resource...Read More

Spanish Mountain Gold's BC project passes archaeological test

Feb. 21, 2019, 7:17 AM / MINING.com Staff

Spanish Mountain Gold (TSXV: SPA) is one step closer to developing its namesake project in British Columbia following the acceptance by local First Nations of the results of an independent archaeological impact assessment.In a press release, Spanish Mountain said the survey found the investigated area to have sustained previous disturbance through extensive forestry-related and placer mining activ...Read More

Kirkland Lake Gold sets 2019 production guidance at a million ounces

Feb. 21, 2019, 7:14 AM / MINING.com Staff

Canada's Kirkland Lake Gold (TSX. NYSE: KL) announced today that management increased its consolidated three-year production guidance and improved its unit-cost guidance for 2019.In a press release, the miner said that there is potential for a million ounces in 2019 as guidance was increased to 920,000 - 1,000,000 ounces from the previously announced 740,000 - 800,000 ounces.For next year, Kirklan...Read More

Brazil mining authority halts two Vale complexes

Feb. 21, 2019, 6:09 AM / Cecilia Jamasmie

Brazil's mining agency (ANM) has ordered Vale (NYSE:VALE) to suspend operations at its Fabrica and Vargem Grande complexes, as part of an ongoing crack down following last month's deadly dam break at the iron producer's Corrego do Feij??o mine.Vargem Grande complex, which accounts for around 13 million tonnes of iron ore per year, had been shut since early February.The Rio de Janeiro-based company...Read More

Eramet plans new measures for #nickel unit as losses continue

Thu Feb 21 03:58:37 2019 / Staff reporter

France's Eramet said on Wednesday it would make a fresh effort this year to...Read full newsRead More

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