Shares of Westhaven Ventures Inc. (TSX-V: WHN) took a hit on Monday morning, down over 12% at market open and at one point traded at a six-month low of C$0.60. The company's market capitalization sits at just over C$57 million. Earlier, the company had released results from its ongoing drill campaign at the Shovelnose gold property, highlighted by 28.72 metres of 2.97 g/t gold and 13.68 g/t silver...Read More
China's green light to build more coal-fired power plants probably won't usher in a flurry of new construction as most policies and investments in the top energy user will tilt toward renewable sources.More than 10 regions will be freed of their overcapacity tag in 2022, clearing a hurdle for them to resume building coal-fired plants. But many of the nation's largest power companies are under a st...Read More
Russia's Alrosa, the world's top diamond producer by output, is extending the life of its Aikhal mine to 2044 by digging deeper into the ground, in a project estimated to cost about RUB 10 billion ($16m).The 300 metres underground extension, the company said, will add almost 20 million carats to the raw material base of the Aikhal mining and processing division, allowing it to keep annual outpu...Read More
Concord Resources Ltd.'s profit doubled last year as the metals trading startup benefited from the turmoil in aluminum and alumina markets following sanctions on Russian producer United Co. Rusal. "It was a year of exceptional opportunities," Chief Executive Officer Mark Hansen said in an interview in London. "The sanctions on Rusal created disruptions across the aluminum and alumina supply chain...Read More
Japan's mining and energy conglomerate JXTG Holdings Inc., the majority owner of Chile's Caserones copper mine, is said to be studying the sale of the operation, in a deal that could fetch about $1 billion.According to The Wall Street Journal, the urge for offload the asset comes amid expectations of rising copper prices, driven in part by a lack of investment in new mines and soaring demand for...Read More
Japan's mining and energy conglomerate JXTG Holdings Inc., the majority owner of Chile's Caserones copper mine, is said to be studying the sale of the operation, in a deal that could fetch about $1 billion.According to The Wall Street Journal, the urge for offload the asset comes amid expectations of rising copper prices, driven in part by a lack of investment in new mines and soaring demand for...Read More
The Minerals Council of Australia or MCA issued a communiqu?(C) calling on the Scott Morrison administration to repeal a current ban on nuclear power.The release followed Morrison's comments last week on a Tasmanian radio station, where the prime minister said he would be okay with receiving proposals from the nuclear energy industry.However, following a negative reaction from the opposition, the...Read More
Toronto-based Pelangio Exploration (PX:TSX-V) announced that its exploration team has started a limited drilling program at the company's Dome West property located in Timmins, Ontario. Dome West, formerly controlled by Central Porcupine Mines, is a 56-hectare land holding that is adjacent to the former Paymaster Mine and separated by some 800 metres from Goldcorp's open-pit Dome Mine.In a press r...Read More
Zinke says his work won't constitute lobbyingRead full newsRead More
"Mining Journal is thrilled to announcehave partnered up with @CanaccorGenuity . A leading independent investment bank with operations in North America, UK & Europe, Asia, Australia and the Middle East. #MJS #MJSelect"Read full newsRead More
Zinke says his work won't constitute lobbyingRead full newsRead More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. In a holiday-shortened trading week, the INK Canadian Insider Index had another quiet week. While the Index briefly probed overhead resistance at 1250-1251, it settled the week down a slight 5.28 points to finish at 1144.11, just above support. MACD looks range-bound for the time being....Read More
Vancouver, BC - Graphite One Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company") is pleased to announce that it has completed the first tranche of a non-brokered private placement offering (the "Offering"), raising gross proceeds of CA$1,869,560.The net proceeds of the Offering will be used for exploration and development of the Company's Graphite Creek Project and for general...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee") is pleased to announce its intention to complete a non-brokered private placement (the "Offering") of units of the Company ("Units") at a price of $0.075 per Unit, for anticipated aggregate gross proceeds to the Company of approximately $2.0 million.Each Unit is expected to be comprised of one common share of th...Read More
With four discoveries in the Yukon last year, a property purchase this year, and financial and technical backing from partners Agnico Eagle Mines (TSX: AEM; NYSE: AEM) and Kinross Gold (TSX: K; NYSE: KGC), White Gold (TSXV: WGO) has momentum as it heads into 2019's exploration season.The company's acquisition in January of the 163 sq. km QV project from Comstock Metals (TSXV: CSL) brings its holdi...Read More
Scandium International's Nyngan scandium project in New South Wales, Australia. Source: Scandium International Mining Corp.Scandium International Mining Corp. [SCY-TSX; SCYYF-OTC] said it has been notified that its mine lease grant for the Nyngan scandium project in Australia is currently invalid. The company said it received this information from the New South Wales Department of Planning and Env...Read More
Barrick Gold's Turquoise Ridge gold mine 70 km northeast of Winnemucca, Nevada. Source: Barrick Gold Corp.Barrick Gold Corp. [ABX-TSX; GOLD-NYSE] and Newmont Mining Corp.'s [NEM-NYSE] Nevada joint venture, which will create the world's largest gold-producing complex, has cleared the regulatory conditions required for its completion.The U.S. Federal Trade Commission granted an early termination of...Read More
This morning, I saw the following tweet from Senator Elizabeth Warren ...While I don't believe Warren's intentions are particularly dishonorable, this idea of free college and debt forgiveness need to be squashed.I'm not going to lie ...I'm so tired of listening to this nonsense.Even Warren knows that there's no such thing as "free" college.Unless, of course, there's a group of teachers and admini...Read More
The world's oceans cover 70% of Earth's surface. And they contain roughly 321 million cubic miles of water.Yeah, we're talking cubic miles here.How much is that?46.8 BILLION gallons of seawater for every person on the planet!In other words, the ratio of you to the amount of seawater on the planet is 1:71,000 Olympic-size swimming pools.All that water, of course, contains an incredible abundance of...Read More
"The Kraken" is going to the 2019 American Society of Civil Engineers National Concrete Canoe Competition.The concrete canoe - designed by a team of Mines Capstone Design students - took first place at the ASCE Rocky Mountain Regional Conference earlier this month to earn a berth in the international collegiate competition this June."As a team, we have over 2,000 hours logged on the project. It's...Read More