Mining Articles

Tetra Bio-Pharma Files Patent Application to Protect PPP001 -- #TetraBioPharma $TBP #MedicinalMarijuana...

Mon Jan 28 14:16:28 2019 / Staff reporter

"Tetra Bio-Pharma Files Patent Application to Protect PPP001 --#TetraBioPharma $TBP #MedicinalMarijuana #momentumstocks #MedicalMarijuana #Cannabinoid @TetraBioPharma #PainRelief #potstocks #cbd #thc--Read the News Release here: https://t.co/5EW5EwiIc3"Read full newsRead More

Nevada Sunrise Announces Reversal of Nevada Water Rights Forfeiture and Notice of Administrative Hearing...

Mon Jan 28 14:09:17 2019 / Staff reporter

"Nevada Sunrise Announces Reversal of Nevada Water Rights Forfeiture and Notice of Administrative Hearing @NevadaSunrise https://t.co/5mOjRpn5WC"Read full newsRead More

Vale stock plunges after Brazil disaster; $19B in market cap erased

Jan. 28, 2019, 1:39 PM / Reuters

Brazilian miner Vale SA's shares plunged on Monday, wiping out 71.34 billion reais ($18.96 billion) in market value, after a tailing dam collapse on Friday killed scores of people less than four years after a similar disaster.Vale shares fell 24 percent on Monday to close at 42.65 reais, the steepest daily drop ever in percentage terms. Brazil's stock market was closed on Friday when the disaster...Read More

#Caterpillar Tumbles, Drags Dow Lower On Huge Miss, Poor Guidance; Blames China | Zero Hedge

Mon Jan 28 13:33:01 2019 / Staff reporter

The biggest EPS miss for CAT in over 3 years is not helping the broader market, asRead full newsRead More

Petra slumps as it digs up too many cheap South African diamonds

Jan. 28, 2019, 1:21 PM / Bloomberg News

Petra Diamonds Ltd. fell the most in eight months in London after the South Africa-focused miner dug up gems worth significantly less than expected.Petra has been seeking to turn around its fortunes after piling up debt to expand its flagship Cullinan mine in South Africa. It was forced to tap shareholders for funds last year to alleviate those problems, but the company's efforts are being undermi...Read More

Red Pine Exploration Appoints New Director @RedPineExpl

Mon Jan 28 13:20:15 2019 / Red Pine Exploration

Red Pine Exploration Inc. (TSXV:RPX) ("Red Pine" or the "Company") is pleased to announce that Mr. Drew Anwyll, M.Eng., P.Eng. has been appointed to Red Pine's Board of Directors effective immediately.Read full newsRead More

Goldcorp expects higher production in 2019

Jan. 28, 2019, 12:52 PM / Northern Miner Staff

Goldcorp (TSX: G; NYSE: GG) expects to produce more silver, zinc, lead and gold equivalent oz. in 2019 compared to 2018.The company, which is currently merging with Newmont (NYSE: NEM), produced 630,000 oz. gold in 2018's fourth quarter at $850 per oz. gold all in sustaining costs (AISC). In 2018, it produced 2.29 million oz. gold, and expects to produce a similar amount of gold in 2019.The compan...Read More

#Vale Crashes 20%, Suspends Dividend After Deadly Dam Breach | Zero Hedge

Mon Jan 28 12:50:40 2019 / Staff reporter

Brazil's Vale SA, the world's largest iron ore miner, suspended its planned shareholder dividends, share buybacks and executive bonuses as it braces for the financial fallout from a Friday catastrophe in which a dam breach left at least 58 people dead.Read full newsRead More

Argonaut Gold receives federal approval of Magino EA

Jan. 28, 2019, 12:33 PM / Northern Miner Staff

Canada's federal government has approved the environmental assessment of Argonaut Gold 's (TSX: AR) Magino project in Ontario.The open-pit project must still receive provincial government approval for the EA and other key authorizations including a construction permit and mine closure plan. Argonaut Gold also anticipates completing a prefeasibility study on Cerro del Gallo, an advanced project in...Read More

Argonaut Gold receives federal approval of Magino EA

Jan. 28, 2019, 12:33 PM / Northern Miner Staff

Canada's federal government has approved the environmental assessment of Argonaut Gold 's (TSX: AR) Magino project in Ontario.The open-pit project must still receive provincial government approval for the EA and other key authorizations including a construction permit and mine closure plan. Argonaut Gold also anticipates completing a prefeasibility study on Cerro del Gallo, an advanced project in...Read More

India iron ore output seen at 9-year high before leases expire

Jan. 28, 2019, 11:54 AM / Bloomberg News

India is on track to produce the most iron ore in nine years as independent miners extract more of the steel-making raw material before the expiry of their leases next year.The country is set to produce as much as 210 million metric tons in the financial year ending March 31, R.K. Sharma, secretary general at the Federation of Indian Mineral Industries, said in a phone interview from New Delhi. Th...Read More

Comstock gains after agreeing to sell Lucerne Assets to Tonogold

Jan. 28, 2019, 11:30 AM / Reuters

Comstock Mining Inc. surges 43 percent in pre-market trading after announcing a definitive agreement to sell its Lucerne properties to Tonogold Resources for $15 million cash, and $8 million in relief of future lease and reclamation obligations.Deal includes $10 million in cash payments to Comstock in early 2019, helping the company eliminate debt; Comstock to receive another $5 million from Tonog...Read More

Caterpillar profit misses as trade strains start to bite

Jan. 28, 2019, 11:17 AM / Bloomberg News

Caterpillar Inc. had the biggest quarterly profit miss in a decade as a China slowdown hit demand for its signature yellow construction and mining equipment. The shares tumbled.The Deerfield, Illinois-based company also issued a 2019 profit forecast range which, at the low end, was below the average of analysts' expectations, adding to worries over mounting trade tensions that pummeled the heavy-e...Read More

Oil majors near inflection point as spending rises

Jan. 28, 2019, 11:07 AM / Oilprice.com

Oil prices are still down sharply from the highs of October 2018, but the industry may still increase spending this year. The cost of developing new projects might rise along with higher spending levels.A survey of top industry executives by DNV GL suggests that capital spending on oil and gas could rise in 2019. Of the 791 senior professionals in the energy industry surveyed by DNV GL, 70 percent...Read More

China's iron ore hits 16-month high after Vale dam disaster

Jan. 28, 2019, 10:48 AM / Reuters

* Mud from tailings dam hits Vale mine facilities* Disaster kills 58, hundreds still missing* Brazil orders Vale to halt Corrego do Feijao mine ops* Iron ore up as much as 6 pct before closing off highs* Analysts, traders see limited price impact in short termChinese iron ore futures soared to a 16-month peak on Monday after Brazil's mining agency ordered Vale SA, the world's biggest iron ore prod...Read More

Rusal shares soar, aluminium falls as U.S. lifts sanctions

Jan. 28, 2019, 10:32 AM / Reuters

* U.S. lifted sanctions on Rusal, En+ on Sunday* Rusal shares up 9 percent in Hong Kong* London aluminium prices down as much as 1.4 percent* Russian stock index rises to all-time high U.S. President Donald Trump's administration on Sunday lifted sanctions on the core empire of Russian tycoon Oleg Deripaska, including aluminium giant Rusal and its parent En+, despite a Democrat-led push to maint...Read More

Chinese iron ore traders face uncertainty after Vale's Brazilian mine disaster

Jan. 28, 2019, 10:17 AM / Reuters

Vale SA's deadly mine disaster in Brazil has created uncertainty for China's iron ore market at a time when demand for supply from the South American country is rising, multiple Chinese ore traders said on Monday.A dam holding mine waste at Vale's Corrego do Feijao mine collapsed on Friday, burying mining facilities and nearby homes in the town of Brumadinho, killing dozens and leaving the communi...Read More

Brazil securities regulator probes Vale's filings on dam collapse

Jan. 28, 2019, 10:16 AM / Cecilia Jamasmie

The Brazilian Securities and Exchange Commission (CVM) has launched a probe into mining giant Vale SA's filings related to the mining dam collapse in the town of Brumadinho, where the collapse of a dam at the company's C??rrego do Feij??o mining complex on Friday killed at least 60, while more than 300 missing people are feared dead.According to local newspaper Valor Economico, CVM is investig...Read More

It's been a bumpy 12 months for #mining finance. Our Mining Journal Intelligence Global Finance Report goes in-dept...

Mon Jan 28 10:11:07 2019 / Staff reporter

"It's been a bumpy 12 months for #mining finance. Our Mining Journal Intelligence Global Finance Report goes in-depth on current funding trends and which markets are best for miners and explorers | https://t.co/ddNLgGIoo0"Read full newsRead More

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