Acquisition accelerates Seequent's growth in mining, civil engineering, energy, government and environmental sectors.CHRISTCHURCH, NZ, 21 December, 2018 - Seequent, a world leader in visual data science software, today announced it has completed the acquisition of Geosoft, a Canadian geoscience software company.The acquisition accelerates Seequent's growth in mining, civil engineering, energy, gov...Read More
NEW DELHI - An Indian court on Friday said Vedanta cannot reopen its South Indian copper smelter until its hears a case challenging an order by the country's environment court which provided relief to the conglomerate, the petitioner in the case said.The smelter was ordered shut permanently by the Tamil Nadu state government in May following violent protests against its operation, killing 13 and i...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata"), is pleased to announce that it has completed a non-brokered private placement of 4,623,800 units (each, a "Unit"), at a price of $0.45 per unit, for gross proceeds of $2,080,710.00. Each Unit consists of one common share of the Company, and one common share purchase warrant (a "Warrant"). Each Warr...Read More
Ontario's Government for the People is supporting Nipissing's film and television industry by investing more than $5.6 million in five local productions.Vic Fedeli, MPP for Nipissing, made the announcement today at Canadore College's post production facility. The investments include: $3.605 million for Collingwood TV Productions (II) Inc. to produce season two of the television series Carter $960...Read More
JOHANNESBURG - South Africa's Transnet hopes to re-open on Saturday one of two closed coal export lines linking mines to the Richards Bay export terminal after it was closed following a train derailment, the state-run freight company said on Friday.A preliminary investigation into the cause of the derailment points to sabotage, after the railway line was cut in half by a blow torch, Transnet Freig...Read More
Australia's Lucapa Diamond (ASX:LOM) has locked in 100 million rand (about $7m) in development funding from South Africa's Industrial Development Corporation (IDC) for its 70%-owned Mothae diamond plant, in Lesotho.Commercial production at the mine, which the Perth-based company acquired in early 2017, began earlier this month via a new 1.1 million tonne-per-year plant that is progressively rampin...Read More
Australia's Lucapa Diamond (ASX:LOM) has locked in 100 million rand (about $7m) in development funding from South Africa's Industrial Development Corporation (IDC) for its 70%-owned Mothae diamond plant, in Lesotho.Commercial production at the mine, which the Perth-based company acquired in early 2017, began earlier this month via a new 1.1 million tonne-per-year plant that is progressively rampin...Read More
* China's top aluminium smelters meet in Guangxi amid price slump* Attendees to cut more than 800,000 T in coming months -official* Firms say operating pressure reaching 'extreme limit' -Antaike* Meeting failed to send bullish signal to market -analystBEIJING - China's aluminium producers are set to cut at least another 800,000 tonnes per year of smelting capacity in coming months, according to an...Read More
Vancouver, BC - Peekaboo Beans Inc (CSE:BEAN | OTCQB:PBBSF) (the "Company" or "Peekaboo Beans"), is pleased to announce that it has oversubscribed its non?EUR?brokered private placement (the "Private Placement") previously announced on December 14, 2018, pursuant to which it has issued an aggregate of 5,850,000 units at a price of $0.10 per unit (each a "Unit") for gross proceeds of $585,000....Read More
Global miner Anglo American (LON:AAL) has resumed operations at its giant Minas Rio iron ore mine in Brazil after eight months of closure following the discovery of a leak in a pipeline that carries ore to a port in Rio de Janeiro for export.As a result of the outage at its biggest development project, the company said on Friday it expected to record a loss of $320 million, which is at the lower e...Read More
ePower Metals (TSXV: EPWR) announced it has entered into a definitive agreement to buy Exploracion Auramex S.A. de C.V. and its Magenta cobalt project from Bowering Projects.The Magenta project is located in Sinaloa, northwestern Mexico, and consists of five claims totaling 2,274 hectares. The claims are on privately owned ranch land and four of them are in good standing while one, the Magenta #2,...Read More
ePower Metals (TSXV: EPWR) announced it has entered into a definitive agreement to buy Exploracion Auramex S.A. de C.V. and its Magenta cobalt project from Bowering Projects.The Magenta project is located in Sinaloa, northwestern Mexico, and consists of five claims totaling 2,274 hectares. The claims are on privately owned ranch land and four of them are in good standing while one, the Magenta #2,...Read More
Tasman Mining announced this week that government agency New Zealand Petroleum & Minerals granted a mining permit for the high-grade Blackwater gold deposit located near Reefton on the West Coast of the South Island.In a media statement, Tasman said that with this new permit, the company can put in motion its plans to build an underground operation at the site of the historic Blackwater mine. Gold...Read More
Tasman Mining announced this week that government agency New Zealand Petroleum & Minerals granted a mining permit for the high-grade Blackwater gold deposit located near Reefton on the West Coast of the South Island.In a media statement, Tasman said that with this new permit, the company can put in motion its plans to build an underground operation at the site of the historic Blackwater mine. Gold...Read More
Canada's First Quantum Minerals (TSX:FM) became the first top miner with operations in Zambia to react to a planned mining tax increase in the southern African nation by announcing on Friday it would have to lay off 2,500 workers at its local mines.In an internal memo, the Toronto-based miner said the job cuts will be implemented in phases during the first quarter of 2019, adding they'll be equall...Read More
Canada's First Quantum Minerals (TSX:FM) became the first top miner with operations in Zambia to react to a planned mining tax increase in the southern African nation by announcing on Friday it would have to lay off 2,500 workers at its local mines.In an internal memo, the Toronto-based miner said the job cuts will be implemented in phases during the first quarter of 2019, adding they'll be equall...Read More
As Warren Buffett likes to say, “price you what you pay, value is what you get.” It’s the reason why a $300-per-share stock can be cheap, while a $3 one can be expensive. With that said, there’s something about low-priced stocks that captivates investors’ imaginations. After all, there’s nothing like being able to buy a ton of shares for dirt cheap and having th...Read More
Weak production growth, steady-to-rising demand, supply deficits and falling inventories pushed prices of palladium up 19% in 2018, after a 51% jump in 2017, Scotiabank economist Rory Johnston concludes in his Dec. 20 Commodity Price Index report.By contrast, cobalt prices were down 24% year-to-date in 2018. That's a sharp reversal from the 127% gain in 2017, which made the metal the best performi...Read More
The dovish Federal Reserve lit a fire under gold and its miners' stocks this week. As universally expected the FOMC hiked rates for the 9th time in this cycle. But it also lowered its 2019 rate-hike outlook bowing to the stock-market selloff. Traders dumped gold initially thinking that wasn't dovish enough. But market reactions to the FOMC formed over a couple days, and gold surged overnig...Read More
Gold stocks have had a rough run for several years, and while most investors have given up on the sector, others are starting to kick the tires on the industry's top names.Let's take a look at the current situation in the gold market to see if Barrick Gold (TSX:ABX) (NYSE:ABX) deserves to be in your portfolio.Gold recoveryGold recently surged above US$1,260 per ounce, adding to a rebound that has...Read More