Mining Articles

Glencore's Katanga says it agreed settlement in Canadian probe

Dec. 17, 2018, 11:33 AM / Bloomberg News

Glencore Plc's Congolese copper and cobalt unit has agreed to settle with Canada's Ontario Securities Commission over an investigation into its accounting, the two sides said, without disclosing the terms of the settlement.The settlement would also cover several current and former executives and directors at the unit, Katanga Mining Ltd., including Glencore's head of copper trading Aristotelis Mis...Read More

RT @BNNBloomberg: Wave of consolidation needed in resource sectors: Portfolio manager

Mon Dec 17 11:22:30 2018 / BNN Bloomberg

Alex Lane, portfolio manager at Dynamic Funds, says major consolidation is needed among resources companies in Canada. He says there are too manyRead full newsRead More

Mawson progresses Rajapalot with maiden resource

Dec. 17, 2018, 10:27 AM / Northern Miner Staff

Mawson Resources (TSX: MAW; US-OTC: MWSNF) has tabled a maiden resource for its Rajapalot gold-cobalt project in Finland that it says has plenty of room for expansion.The project contains a pit and underground constrained 4.3 million inferred tonnes grading 2.3 grams gold per tonne and 430 ppm cobalt, or 3.1 grams gold equivalent, for 320,000 oz. gold and 1,841 tonnes cobalt. Unconstrained, the p...Read More

Mawson progresses Rajapalot with maiden resource

Dec. 17, 2018, 10:27 AM / Northern Miner Staff

Mawson Resources (TSX: MAW; US-OTC: MWSNF) has tabled a maiden resource for its Rajapalot gold-cobalt project in Finland that it says has plenty of room for expansion.The project contains a pit and underground constrained 4.3 million inferred tonnes grading 2.3 grams gold per tonne and 430 ppm cobalt, or 3.1 grams gold equivalent, for 320,000 oz. gold and 1,841 tonnes cobalt. Unconstrained, the p...Read More

#Daimler to buy $23 billion of battery cells for electric car drive #EV

Mon Dec 17 10:22:28 2018 / Staff reporter

Daimler will buy battery cells worth more than 20 billion euros ($23 billion) by...Read full newsRead More

The #ECB's Quantitative Easing Failure | Zero Hedge

Mon Dec 17 09:39:10 2018 / Staff reporter

The end of QE does not just show the failure of the ECB's policy. It highlights the failure of governments' economic policies...Read full newsRead More

Canada Cobalt makes new find east of Castle mine

Dec. 17, 2018, 9:30 AM / Canadian Mining Journal Staff

Canada Cobalt Works of Coquitlam, B.C., says that two widely spaced drill holes have intersected an apparent syenite hosted gold system east of the historic Castle cobalt-silver mine 75 km from Kirkland Lake, near Gowanda.The drill program east of the mine is targeted at high grade gold zones associated with a previously undiscovered major fault structure. A new hole has been collared to intersec...Read More

Avino hits 29.5 g/t in 27 vein extension at Bralorne mine

Dec. 17, 2018, 9:00 AM / Canadian Mining Journal Staff

Avino Silver and Gold Mines of Vancouver is very pleased with the initial assay results from the drilling of the 27 vein extension target at the Bralorne mine near Gold Bridge. The company says the results confirmed the continuity of the vein up dip from the area of historic production.The highest assay was 29.56 g/t gold over 0.88 metre (all true widths). Other holes 3.24 g/t over 2.3 metres and...Read More

Randgold to cease trading as merger with Barrick gets final approval

Dec. 17, 2018, 8:32 AM / Cecilia Jamasmie

Africa-focused gold producer Randgold Resources (LON:RSS) will cease trading on both the London Stock Exchange and NASDAQ at the end of the year, as its planned merger with Canada's Barrick Gold Corp (TSE, NYSE:ABX) has been approved by the Royal Court of Jersey, Channel Islands.The $18.3 billion-deal creates "New Barrick," the world's top gold miner by value and output, with a dominant positi...Read More

Only 13% of board members in the mining industry are women: Bedford

Dec. 17, 2018, 7:15 AM / MINING.com Staff

The Bedford Consulting Group released its annual survey of executive and board compensation in the mining industry and revealed that, within the nearly 200 companies in their sample, only 13% of board members are women.Even lower, when it came to analyzing named executive officers in mining firms, only 8% were women. The most common executive role held by these women is CFO.Looking at compensation...Read More

New technology allows for digging 100 feet below water

Dec. 17, 2018, 6:15 AM / MINING.com Staff

Equipment company MineWare announced that its experts have extended the capability of its Pegasys Dragline Monitor to support underwater digging."Enhanced with MineWare's new Machine Terrain Mapping (MTM) Technology module, Pegasys can now help miners locate and recover material up to 100 feet below water," the Queensland-based firm said in a press release.According to MineWare, identifying and re...Read More

Celente predicts more protests and stock market trouble ahead

Mon, 17/12/2018 4:55 am / INK Staff

The anti-establishment movements such as what we have seen in France and Italy are growing and will continue into the New Year says Gerald Celente from the TrendsJournal.com. In a wide ranging interview with Jim Goddard on This Week in Money, Celente also suggests weakness in the housing market is a bad omen for the entire economy.Celente explains that wealth inequality is the driving factor behi...Read More

Explorex Resources begins drilling for cobalt in Canada's New Brunswick

Dec. 17, 2018, 3:29 AM / Cecilia Jamasmie

Canadian junior miner Explorex Resources (CSE:EX) (OTC:EXPXF) said Monday that crews had been mobilized to initiate the maiden drill program at its cobalt-manganese base metals Kagoot Brook project, located in New Brunswick, Atlantic Canada.The Vancouver-based miner is taking advantage of a window of opportunity presented by a local drill company to complete two holes prior to the Christmas break...Read More

Kirkland Lake finds visible gold at Fosterville in Australia

December 17, 2018 / Posted Northern Miner Staff

Kirkland Lake Gold (TSX: KL; NYSE; KL) has drilled high grade and visible gold mineralization on the down plunge extensions of the Swan zone at its Fosterville gold mine in Victoria, Australia.The company says results from 47 new drill holes, totaling more than 17,000 metres of underground drilling outside the current measured and indicated Swan resource, are confirming its geological model. It h...Read More

Glencore's Katanga to be fined: WSJ

17 December 2018 / Staff reporter

It said the company and some of its current and former directors and executives had agreed to pay more than US$22 million to settle Canadian allegations that they hid the risks of doing business with a controversial Israeli businessman closely linked to Congolese president Joseph Kabila, according to a person familiar with the matter.The newspaper said it was unclear whether Katanga and the indivi...Read More

Gold Stock Triple Breakout

Dec 17, 2018 / Adam Hamilton

The beleaguered gold stocks are recovering from their late-summer capitulation, enjoying a solid young upleg as investors gradually return. Their buying has pushed the leading gold-stock ETF near a major triple breakout technically. That event should really boost capital inflows into this sector, accelerating the rally. A major gold and gold-stock buying catalyst is likely imminent too, a mo...Read More

Get Ready for This Precious Metals Miner to Soar!

December 17, 2018 / Matt Smith

It has been a solid year for precious metals miner North American Palladium (TSX:PDL), which destroyed considerable investor value after a poorly conceived expansion in 2013 that led to a 2015 restructuring to avoid bankruptcy. The miner has gained 12% for the year to date and appears poised to rise further, despite the uncertain outlook surrounding precious metals.The outlook for palladium is po...Read More

1 Junior Gold Miner That Could Easily Triple

December 17, 2018 / Matt Smith

Gold has surged in recent days to be up trading at over US$1,235 per ounce, but despite the latest rally, it is still down by almost 3% year to date. There is every sign that the yellow metal could firm further because of growing fears of a global economic slowdown, rising geopolitical risk, and fears of a crisis in emerging markets. Firmer gold has helped to boost the price of gold miners, with t...Read More

The Housing Market Is Sliding Down The Wall It Hit In Late August

December 17, 2018 / admin

A couple of my subscribers emailed me expressing frustration over the fact that their recent homebuilder puts are either not moving higher or losing value despite the sell-off in the overall stock market. There's two factors. First, the homebuilder sector has dropped well over 30% since late January. To an extent there may be some seller's fatigue. At some point there will be short term rally that...Read More

Eric Sprott backing RNC financing deal

December 17, 2018 / Resource World

A 62-kilogram sample of native gold found at the Beta Hunt Mine in Australia. Source: RNC Minerals Corp.RNC Minerals Corp. [RNX-TSX], aka Royal Nickel Corp., said Monday December 17 that it is raising $9 million to fund exploration and development at its Beta Hunt gold mine in Australia and for general corporate purposes.The company said a syndicate of underwriters have agreed to purchase 13.04 mi...Read More

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