Australian gold miner Newcrest Mining (ASX:NMC) is betting big on Chile's geological gold potential by closing two deals with exploration juniors in the South American country, the world's top copper producer.The Melbourne-based company kicked off the week by signing an option agreement with Canada's Cornerstone Capital (TSX-V:CGP), which could result in the gold miner acquiring up to a 75% int...Read More
Some of the world's biggest fossil-fuel producers are calling on taxpayers to help them kick their pollution habit.The world's biggest oil, natural gas and mining companies are stepping up their campaign to deploy carbon capture and storage, or CCS, as way to slow global warming. But with a potential $90-billion-a-year price tag, it's too rich for them to do it on their own.The technology siphons...Read More
GABORONE - Mowana Mine, Botswana's only operating copper mine, has suspended operations due to working capital constraints which has seen the company fail to pay salaries and suppliers, it said on Tuesday.Mowana had a conditional $4 million working capital facility from Fujax Minerals and Energy Limited, from which it had drawn down $1 million.Copper prices on the international market have been re...Read More
Lithium Australia (ASX: LIT) announced today that it has expanded its holdings in Western Australia by completing the formalities on an option over the Youanmi lithium project, located in the Archean Yilgarn Block, 450 kilometres north-east of Perth.In a media statement, Lithium Australia said that the project consists of three exploration licences that were secured through completion of a binding...Read More
Despite gold firming of late, silver continues to languish at below US$15 per ounce, triggering considerable speculation that the white metal may never recover. This has had a sharp impact on primary silver miners, causing many to fall substantially in value since the start of 2018. While the poor outlook for the white metal bodes poorly for many silver miners, it shouldn't deter contrarian invest...Read More
The recent stock-market selloff is persisting, fueling mounting worries among investors. The intensifying volatility and lack of a quick rebound higher is strangling euphoric sentiment, spawning self-reinforcing selling pressure. Scoffed at a few months ago, the notions that a young bear market is underway and a recession looms are gaining traction. The great beneficiary of this ominous stoc...Read More
I chuckle when the hedge fund algos grab onto "positive" trade war headlines and trigger a sharp spike in stock futures. Settlement of the trade war between the Trump Government and China will do nothing to prevent a global economic recession - a recession which will likely deteriorate into a painful depression. The Central Bank "QE" maneuver was successful in camouflaging and deferring the sy...Read More
Cadence CEO Kiran Morzaria reportedly implied to those on the call Bacanora would raise cash at 25p (US31.5c), which would have been a discount to the share price at Friday's market close....Read More
The company said Monday it continued to work with the local and national governments to resolve the situation and remained cautiously confident the Ministerio Público and local police would enforce the rule of law. Until such time, operations might remain suspended, Aura said."We are obviously extremely disappointed and frustrated that we have experienced another invasion from a small numbe...Read More
Share this articleEDMONTON - Alberta is looking for someone to build a new oil refinery, but Premier Rachel Notley says any deal needs to work for both industry and taxpayers."The project must make sense for Alberta," Notley said Tuesday. "It must have a return on investment for Albertans, and it must diversify the way we use the energy resources that we as Albertans all own."Notley announced the...Read More
Share this articleTORONTO - Canada's main stock index was higher in late-morning trading, boosted by gains in the consumer staples sector as well as in financial and industrial stocks.The S&P/TSX composite index was up 69.40 points at 14,797.68.In New York, the Dow Jones industrial average was up 110.23 points at 24,533.49. The S&P 500 index was up 19.11 points at 2,656.83, while the Nasdaq compos...Read More
This is an ominous chart. This is the Dow Jones Transportation Average. And it looks dangerous.You see, when the transports and the Dow Jones Industrial Average agree, it gives us a clear sign of where the stock market is heading. Here is the industrial chart:Both charts have broken their respective support lines. Both are in downtrends, with lower highs and lower lows.I've been using the Dow th...Read More
Share this articleBiometric screening is expanding to the rental car industry.Hertz said Tuesday it is teaming up with Clear, the maker of biometric screening kiosks found at many airports, in an effort to slash the time it takes to pick up a rental car. Clear hopes it will lead more travellers to its platform, which has 3 million members in the U.S.It's the latest place consumers will find biomet...Read More
A Colorado School of Mines PhD candidate in hydrology was named the best student presenter at the American Water Resources Association's annual conference, held Nov. 4-8 in Baltimore, Maryland.Ryan Gilliom's presentation, titled "Using Policy and Historic Conflict to Inform Research Agenda: Infill Development and Stormwater Harvesting," investigated the place of stormwater in Colorado's water righ...Read More
Aton Resources (TSXV: AAN; US-OTC: ANLBF) recently drilled 4,125 metres across 50 reverse circulation holes during its phase one exploration program on the South Ridge at its Rodruin gold project, part of its 738 sq. km Abu Marawat concession in Egypt.The company hit gold mineralization in every zone it drilled: Aladdin's Hill, Spiral Pit, Central Buttress and GF. Highlights from the project so fa...Read More
This episode features a round-table discussion on mine automation recorded live at The Northern Miner's Progressive Mine Forum held at the MaRS Discovery District in Toronto in October 2018.The panelists are Mikko Koivunen, business line manager for automation at Sandvik Mining & Rock Technology; Walter Siggelkow, president and founder of HLS Hard-Line Solutions; Daniel Lucifora, manager of mine a...Read More
Amarc Resources (TSXV: AHR; US-OTC: AXREF) has identified five clusters of drill ready targets that cover areas ranging from 1.5 sq. km to more than 5 sq. km during 2018 exploration at its JOY copper-gold project in north-central B.C.'s Toodoggone region.Hudbay Minerals (TSX: HBM; NYSE: HBM) funded the $2.5 million exploration program. It also spent $1.15 million in 2018 to help Amarc acquire unde...Read More
Kirkland Lake Gold (TSX: KL; NYSE: KL) expects production growth of 10%-15% annually over the next three years with consolidated output of 740,000-800,000 ounces of gold in 2019, 850,000-910,000 ounces in 2020 and 945,000-1.05 million ounces in 2021.Production growth in 2019 will be driven by the company's Fosterville mine in Australia, 20 km from Bendigo in the state of Victoria. Fosterville is f...Read More
Mining Journal caught up with CEO Peter Steenkamp in Johannesburg to talk about these operations, the outlook for 2019 and his thoughts on operating in South Africa and the new mining c...Read More
I've been thinking a lot about Mexico.Warm beaches away from the cold weather sound great and I can't help but let thoughts of them creep in, but I'm thinking about business.Namely, the business of selling marijuana, and how to invest in the next big thing in the marijuana sector.A lot has been happening on the legalization front in recent months, and I think that Mexico may very well become a maj...Read More