Mining Articles

Ontario Creating Jobs and Supporting Economic Development in Kenora

January 11, 20192:33 P.M. / Ministry of Energy, Northern Development and Mines

Ontario's Government for the People is creating jobs and promoting investment in Northern Ontario by supporting the City of Kenora's plan to revitalize its downtown.Today, Greg Rickford, Minister of Energy, Northern Development and Mines, announced the City of Kenora is receiving $1 million to implement phase four of its Downtown Revitalization Project. This includes construction of a pedestrian-...Read More

Surge Exploration (@Surgeexplore) (#TSXV: $SUR | #OTCQB: $SURJF) Announces Spin-Out Company and Plan of Arrangement...

Fri Jan 11 14:27:14 2019 / Surge Exploration Inc

"Surge Exploration (@Surgeexplore) (#TSXV: $SUR | #OTCQB: $SURJF) Announces Spin-Out Company and Plan of Arrangement [https://t.co/Rb8je6EFh0]#investing #stocks #stockmarket #trading #investors #capitalmarkets #news #business #mining #resources #copper #cleanenergy #cobalt"Read full newsRead More

NexTech AR Solutions (@ARitize_app) (#CSE: $NTAR | #OTC: $NEXCF) CEO Announces Shareholders Update [...

Fri Jan 11 14:25:26 2019 / ARitize

"NexTech AR Solutions (@ARitize_app) (#CSE: $NTAR | #OTC: $NEXCF) CEO Announces Shareholders Update [https://t.co/QSqfbMuJEu]#investing #stocks #stockmarket #trading #investors #news #investing #business #investments #tech #augmentedreality #AR #technology"Read full newsRead More

ALROSA increases rough and polished diamond sales to $4.5B

Jan. 11, 2019, 2:08 PM / MINING.com Editor

ALROSA today announced its rough and polished diamond sales results for December and preliminary results for 2018.ALROSA saw a 6% growth in its diamond sales last year due to high demand and positive price dynamics in the first half of 2018. With total sales growing to $4.5 billion. Rough diamonds grew to $4.4 billion and polished diamond sales stood at $95.3 million.In the second half of the year...Read More

TomaGold consolidates Monster Lake, acquires Irene Lake property

Jan. 11, 2019, 2:02 PM / MINING.com Editor

TomaGold (TSXV: LOT) announced on Friday an agreement with Quinto Resources (TSXV: QIT) to acquire Quinto's 5% interest in the Monster Lake property for a cash payment of $500,000. Following this transaction, TomaGold will own a 50% interest in the Monster Lake property, with IAMGOLD holding the other 50%.TomaGold has also entered into an agreement with Brunswick Resources Inc. to acquire the I...Read More

TomaGold consolidates Monster Lake, acquires Irene Lake property

Jan. 11, 2019, 2:02 PM / MINING.com Editor

TomaGold (TSXV: LOT) announced on Friday an agreement with Quinto Resources (TSXV: QIT) to acquire Quinto's 5% interest in the Monster Lake property for a cash payment of $500,000. Following this transaction, TomaGold will own a 50% interest in the Monster Lake property, with IAMGOLD holding the other 50%.TomaGold has also entered into an agreement with Brunswick Resources Inc. to acquire the I...Read More

#Yuan Slides After PBOC Reportedly Wary Of Recent Sharp Gains | Zero Hedge

Fri Jan 11 13:42:03 2019 / Staff reporter

...the central bank does not want a sharp appreciation by the yuanRead full newsRead More

US Consumer Price Growth Slowest Since Aug 2017 As Gas Prices Plummet | Zero Hedge #cpi

Fri Jan 11 13:41:57 2019 / Staff reporter

The gasoline index fell 7.5 percent in December after a 4.2-percent decline the prior month...Read full newsRead More

Canada's first geothermal power facility announced

Jan. 11, 2019, 1:25 PM / MINING.com Editor

Canada's Prime Minister, Justin Trudeau, today announced support for a new geothermal power facility near Estevan in Southeastern Saskatchewan. The energy project, led by DEEP Earth Energy Production Corporation, is the first of its kind in Canada and taps into a new renewable energy resource.Geothermal energy harnesses heat from the earth's crust and transforms it into electricity to power...Read More

Canada's first geothermal power facility announced

Jan. 11, 2019, 1:25 PM / MINING.com Editor

Canada's Prime Minister, Justin Trudeau, today announced support for a new geothermal power facility near Estevan in Southeastern Saskatchewan. The energy project, led by DEEP Earth Energy Production Corporation, is the first of its kind in Canada and taps into a new renewable energy resource.Geothermal energy harnesses heat from the earth's crust and transforms it into electricity to power...Read More

Vector Structural Engineering now licensed in Canada

Jan. 11, 2019, 1:23 PM / Newswire

DRAPER Utah, January 10, 2019 - ?EURRead More

Benchmark extends Phoenix in Golden Triangle

Jan. 11, 2019, 11:41 AM / Northern Miner Staff

Lawyers Gold Silver Project Phoenix Zone 2018 Drill ResultsBenchmark Metals (TSXV: BNCH; US-OTC: CYRTF) has expanded the Phoenix zone at its Lawyers gold-silver project in B.C.'s Golden Triangle after intersecting gold and silver mineralization in step out drilling grading as high as 11 grams gold per tonne and 819 grams silver over 4 metres from 69 metres downhole.Other highlights included 6.15 g...Read More

#Poland Arrests Huawei Executive On Espionage Charges | Zero Hedge

Fri Jan 11 11:30:19 2019 / Staff reporter

Polish businessmen in China beware...Read full newsRead More

Cryptocurrencies vs precious metals - which are more energy-intensive to mine?

Jan. 11, 2019, 11:09 AM / BTCNN

At first glance, you might initially think that cryptocurrencies and precious metals have little, if anything, in common. However, to the contrary, the two can be sourced in the same basic way: through mining. "Mining" has a broad definition here, but "energy consumption" doesn't. The journal Nature Sustainability has published new research revealing that cryptocurrency mining expends significantl...Read More

DRA Global awarded EPC contract for Dargues Gold Mine.

Jan. 11, 2019, 10:50 AM / DRA Group (DRA)

Project scope entails the engineering, procurement and construction of a 355,000tpa processing facilityGlobal engineering, project delivery and operations management group, DRA Global ("DRA") has been awarded (through its 100% owned subsidiary DRA Pacific Pty Ltd) the engineering, procurement and construction (EPC) contract for the Dargues Gold Mine in New South Wales, Australia. Dargues is owned...Read More

Palladium prices still aren't high enough: David Fickling

Jan. 11, 2019, 10:25 AM / Bloomberg Opinion

Platinum's lesser-known cousin keeps going from strength to strength.Palladium, once considered an unattractive byproduct of platinum mining until the rise of catalytic converters in the 1970s, is hitting new records. Spot metal peaked at an all-time high $1,344.41 a troy ounce Wednesday. Over the past month, it's been more costly than gold, which hasn't happened since 2002. From a point a decade...Read More

China's Tsingshan, partners start work on Indonesia battery materials plant

Jan. 11, 2019, 9:41 AM / Reuters

* China's Tsingshan Group and partners including GEM Co Ltd on Friday announced the start of work on a $700 million battery chemicals project in Indonesia.* A GEM spokesman said piling work began on Friday, while a joint statement said construction would start "as soon as possible after obtaining relevant approvals".* A joint venture agreement on the project, situated in the Morowali Industrial Pa...Read More

The rising cost of socially responsible investing: Mark Gilbert

Jan. 11, 2019, 9:31 AM / Bloomberg Opinion

Both companies and the fund managers that invest in them are under pressure to pay more attention to environmental, social and governance issues. For the former group, that requires delivering increased transparency on an ever-expanding range of metrics. For the investment crowd, tailoring strategies to address the new demands means increased spending on data - at a time when fees are slowly but s...Read More

Ranger uranium mine closure to cost over $200m more than expected

Jan. 11, 2019, 9:17 AM / Cecilia Jamasmie

Energy Resources of Australia (ERA) is reviewing "all funding options" to pay for the full closure and rehabilitating of its Ranger uranium mine, after studies showed the cost would be almost A$300 million (about $213m) higher than previous estimates.Delivering is fourth quarter results, the company said the rise in costs was largely due to expenditures associated with additional water treatment,...Read More

Bankrupt, Eh? #Insolvency Filings Soar In Almost All Canadian Provinces | Zero Hedge

Fri Jan 11 07:34:55 2019 / Staff reporter

"We're seeing a bump [in filings], and in some provinces that bump is significant..." Read full newsRead More

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