TORONTO - Ontario's government is working for the people by holding consultations to hear from businesses firsthand on industrial electricity pricing and programs.Greg Rickford, Minister of Energy, Northern Development and Mines, and Todd Smith, Minister of Economic Development, Job Creation and Trade, met with manufacturing sector stakeholders in Toronto today. This session is one of several in-p...Read More
Once every decade or so, the world goes through a collective freak-out about rare earths.The suite of 17 elements strung toward the bottom of the periodic table are notable in that they're essential in several high-technology applications such as wind turbines, electric cars and lasers, and largely made in China.That makes them a scary-sounding weapon in economic and diplomatic disputes. Back in 2...Read More
The new International Maritime Organization (IMO) 2020 regulations are expected to have some tangible effect on the steel industry. Primarily, increasing freight rates for raw materials such as iron ore and coal as ship owners and operators pass on higher bunker costs. Yet the new regulations may have a further, more unexpected effect on the steel sector, and the nascent electric vehicle battery...Read More
Copper's price slide due to the escalating U.S.-China trade dispute suggests a deteriorating fundamental picture, but bubbling away in the background are supply side problems that are likely to lead to a tighter market.Copper is used in the power and construction industries and is seen by investors as a gauge of economic health.Benchmark copper prices on the London Metal Exchange, trading at aroun...Read More
The Ohio House of Representatives on Wednesday approved a measure that would subsidize the state's struggling coal and nuclear plants after lobbying from a member of President Donald Trump's re-election campaign.Bob Paduchik, who also led the Ohio Trump campaign in 2016, called lawmakers urging them to support the legislation and stressing that the president was behind it as well, according to a p...Read More
Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) was ranked 20th on Corporate Responsibility Magazine's (CR Magazine) 100 Best Corporate Citizens list for 2019. Newmont Goldcorp was the sole mining company in the top 20 and one of only two miners to make the magazine's 20th annual list."This recognition is another indicator of how deeply sustainability is embraced by our employees and integrated...Read More
Shares in Ecuador-focused SolGold (LON, TSX:SOLG) took a hit on Thursday, following media reports of a potential referendum on mining in Imbabura, the province in which its flagship Cascabel copper-gold project is located.The company's stock dropped more than 28% in London to 24.26 pence in early morning, but recovered in the afternoon to close at 32p, leaving its market cap at almost 589m pou...Read More
Papua New Guinea's new prime minister pledged on Thursday to "tweak and turn" laws governing how natural resources are extracted to help lift the vast South Pacific archipelago out of poverty.James Marape, a former finance minister who became leader after winning a vote in parliament, put some of the world's biggest resources companies on notice over a perceived lack of wealth flowing from their p...Read More
Zambia says its decision to punish miner Vedanta's local operation for breaching environmental and financial regulations is a signal to other firms to follow the law, mines minister Richard Musukwa said on Thursday.Vedanta is fighting Zambia's decision this month to name a provisional liquidator to run Vedanta Resources' 90,000 tonnes Konkola Copper Mines (KCM) business.Legal proceedings have been...Read More
Canadian resource companies are choosing to invest abroad at record levels, amid waning global interest in the nation's energy and mining assets.Statistics Canada reported Thursday that Canadian-based energy and mining companies invested a net C$15.5 billion ($11.5 billion) outside of the country in the first three months of 2019. The exodus of Canadian capital from the sector in the quarter was a...Read More
Rare earths miner Lynas Corp will be allowed to keep operating a processing plant in Malaysia, Prime Minister Mahathir Mohamad said on Thursday, ending months of uncertainty over the future of the Australian-based company's $800 million plant.Malaysia had earlier halted the process for renewing Lynas' licence because of waste disposal concerns.Lynas is the only significant producer outside China o...Read More
"What topics would you like to see being discussed at the next #futureofmining conference?#FOMEMEA"Read full newsRead More
Shiny, pretty and useful in electronics, gold has been prized by humans for millennia, but we're not the only ones out there prospecting. Scientists from Australia's CSIRO have now foun...Read full newsRead More
Frank Giustra-backed Fiore Gold (TSXV: F) will invest $2 million on metallurgical test work and resource expansion drilling at its Gold Rock project in Nevada.In a press release, Fiore said that the work is aimed at supporting a Preliminary Economic Assessment targeted for the end of the year, which should lead to a construction decision by mid-2021.The company is planning approximately 10,000 met...Read More
AngloGold Ashanti (JSE:ANG) (NYSE:AU) paid Renaissance Gold (TSX.V:REN) $300,000 to maintain its 100% earn-in option on the Silicon project in Nevada.AngloGold already kicked off a planned 17,000-metre, Phase 2 drill program on the property with one RC and one core rig.If Anglo completes the payments and exercises the purchase option, RenGold would retain a 1% net smelter return royalty on future...Read More
Only the chirping of birds and insects break the silence at a gold mining site in the Eastern Region of Ghana, right at the foot of the Atewa forest reserve.Caterpillar excavators stand still, as the two Ghanaian companies operating them wait for a new mining permit a process that has been in the works for months.But a fresh pile of sludge spilt over a patch of vegetation suggests the mine is be...Read More
"Magna Gold Corp. Announces Completion of Qualifying Transaction - Increases Land Position - Receives Environmental Permits https://t.co/fjFMG8fYzI"Read full newsRead More
This episode features an in-depth interview with the man of the hour in the gold-mining industry: Mark Bristow, president and CEO of Barrick Gold since Jan. 1, 2019, when its merger with Bristow-led gold miner Randgold Resources took effect.This exclusive interview was recorded live as a "fireside chat" with senior staff writer Trish Saywell at The Northern Miner's Canadian Mining Symposium held a...Read More
1. The fear trade for gold continues to gain fundamental strength. The technical picture is also solid. Please click here now. Double-click to enlarge. Gold is poised for significant upside action in the second half of this year.2. A large bull wedge is in play as institutional investors become more concerned about the slowing global economy.3. Please click here now. Double-click to enlarge. This...Read More
So the steel and aluminum tariffs have finally been lifted, yet the TSX index has barely shrugged in response - indeed, the metal and mining industry is down 3.3% this week and down 16.2% for the past year. While some pundits may have expected to see share prices of affected companies at least bob a little on the good news, the fact is that trashing the tariffs hasn’t had much of an effect o...Read More