Electrification and automation will be a key priority for global mining companies as they re-gear existing portfolios away from fossil fuels, according to new research by Wood Mackenzie.The report also highlights other strategies being employed by miners, including a full transition away from fossil-heavy businesses, decarbonisation, and capitalisation.The Wood Mackenzie 'Global trends: what to lo...Read More
MOD Resources says the 72.7% premium all-share deal undervalues its copper assets in BotswanaRead full newsRead More
Prospero Silver (TSXV: PSL; US-OTC: PSRVF) has begun phase two drilling at its Pachuca SE project in Hidalgo State, Mexico, shortly after Fortuna Silver Mines (TSX: FVI; NYSE: FSM) exercised its option to acquire up to 70% of the project in late 2018. Fortuna can earn its interest in Pachuca SE by spending US$8 million on the project, including at least US$1 million in the first year, and completi...Read More
NAIROBI - Fourteen miners were killed in an eastern Rwandan tin mine after a hill collapsed on them after heavy rains, officials said on Monday."Because of recent rainfall in the area, part of the hill nearby collapsed and 14 miners who were getting ready for work were buried by land," Fred Mufuruke, governor of Eastern province, said.The mining site is owned by the Rwandan business of Britain's P...Read More
STOCKHOLM - Swedish metal-cutting tools and mining gear maker Sandvik reported resilient fourth-quarter earnings on Monday as strong demand in North America outweighed a softening in Asia on the back of a weaker auto sector.Engineering stocks have been hit hard since last summer due to worries about global growth, with China a particular concern due to a deep slump in car sales and data pointing t...Read More
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MELBOURNE - The state of Western Australia said on Monday an audit had found global miner BHP Group underpaid royalties on iron ore shipments sold via its Singapore marketing hub stretching back over more than a decade.BHP quickly disputed the claim, saying long-standing deductions it makes to account for the cost of selling Western Australia iron ore had been consistently audited and accepted by...Read More
Australian copper miner MOD Resources said on Monday larger rival Sandfire Resources' A$0.38 a share offer undervalued the company, but said it was willing to engage with its suitor to come to a "compelling price".Earlier in the day, Sandfire confirmed media reports about its A$88 million ($62.97 million) bid for MOD, as per Reuters calculations, which represents a 73 percent premium to MOD's last...Read More
In its quest to become a niche supplier of cobalt, Global Energy Metals (GEMC:TSX.V) announced it has signed an agreement with Nevada Sunrise Gold Corp to acquire an 85% interest in the Lovelock cobalt mine and the Treasure Box project, located in Churchill County, Nevada.In a media statement, the Vancouver-based junior said management was keen on buying these projects given that they are located...Read More
Gold giant Barrick (TSX:ABX)(NYSE:GOLD) said Monday that while it continues to engage with the Zambian government and community stakeholders about a mutually-beneficial way forward for its Lumwana copper mine, it would consider selling the operation given the "challenging conditions" it's facing.Barrick said finding a win-win solution between the industry and government would increase investor con...Read More
Canadian junior American Lithium Corp. (TSXV: LI) is expanding its footprint into the critical battery metals sector by agreeing to buy Alaska Nevada Mining's 100% interest in the Extinction Ridge vanadium project in Nevada, USA.The Vancouver-based miner, which is currently exploring and developing two lithium projects in Nevada, said Extinction Ridge was a "high-quality" exploration asset whose...Read More
Fears of bargain-basement battery grade nickel flooding the market starting in 2019 are unsubstantiated, according to Wood Mackenzie analysts. In September last year a Chinese consortium announced a new $700 million High-Pressure-Acid-Leaching (HPAL) plant in Indonesia, which would produce 50,000 tonnes a year of battery-grade nickel chemicals starting in 2019. Two similar projects in Indonesia...Read More
World's largest miner BHP (ASX:BHP) is facing accusations by the state of Western Australia of having underpaid iron ore royalties on shipments sold via its Singapore marketing hub, stretching back over more than a decade.The alleged discrepancy was discovered during an audit, the WA Government said in a statement, adding it was as negotiating with BHP to resolve the matter in the best interests o...Read More
"Paramount Gold Files Application for Conditional Use Permit for Its Proposed Grassy Mountain Gold Mine in Eastern Oregon https://t.co/rvfj9PktAg"Read full newsRead More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK Canadian Insider Index was fairly flat, though it did briefly make a new three-week intraday-high early on Friday at 1096.40. For the week, it closed 2 points higher at 1091.11. MACD dropped to 6, while RSI dropped a point to 68.5. One interesting note is that the Inde...Read More
Gold investment demand reversed sharply higher in recent months, fueling a strong gold rally. The big stock-market selloff rekindled interest in prudently diversifying stock-heavy portfolios with counter-moving gold. These mounting investment-capital inflows into gold are likely to persist and intensify. Both weaker stock markets and higher gold prices will continue to drive more investment...Read More
Hello, Fools. I'm back to highlight three stocks that have recently been downgraded by Bay Street. While we should always be skeptical of analyst opinions, fresh downgrades can often call our attention to risks that we may not have been considering.For value investors, they can even be a good source of contrarian buy ideas.So, without further ado, let's get to it.Husky cutKicking things off is Hus...Read More
In times of turmoil, small-cap stocks are almost always hit harder than their larger peers.Sometimes it's for good reason. During economic volatility, smaller companies may find it harder to compete or raise much-needed capital. But often they're thrown out with the bathwater as investors cycle into better known names that they equate with quality. This provides great opportunities for prudent inv...Read More
While gold's latest rally has helped to buoy most precious metals, some have not performed as well as others. The yellow metal has gained almost 5% over the last six months, yet other precious metals - notably, platinum - have failed to keep pace. The lustrous white metal renowned for its resistance to the corrosive effects of chemicals has lost over 4% for the same period.In fact, the precious me...Read More
Gold surged sharply at the end of 2019, as growing unease over the outlook for the global economy and weaker data from China triggered a flight to safety among investors. Despite global stock markets bouncing back, there is every sign that gold will firm over coming months because of increasing economic and geopolitical uncertainty. There are also claims that the yellow metal has entered a new bul...Read More