ArcelorMittal SA said on Wednesday it would pay 74.69 billion rupees ($1.01 billion) to creditors of two Indian companies in which it previously held stakes, in order to make its acquisition offer valid for Essar Steel, another debt-ridden Indian steel firm.ArcelorMittal will clear overdue debt of steel firm Uttam Galva Steels and oil and gas pipeline construction services provider KSS Petron, two...Read More
Anglo American Brazi'sl chief executive, Ruben Fernandes, has hinted at a potential major copper discovery on the edge of the Amazon rainforest by saying the results of an ongoing drilling campaign in the area were "very promising".He was referring to a 19,000 square kilometres-property, equivalent to the size of Israel, the company has been exploring since July and where it has already drilled si...Read More
Mr. Jeffrey Pontius reportsCORVUS GOLD EXPANDS GOLD MINERALIZATION TO THE NORTHWEST AT THE MOTHER LODE PROJECT, NEVADACorvus Gold Inc. has received further positive results from the phase 3 resource expansion drilling program at the Mother Lode project, Nevada.Results include a stepout hole to the northwest of the currently defined deposit along the Western Feeder zone (ML18-083, 65.5 metres at 1....Read More
"#LMEweek was the latest forum for debate over where a sustainable #cobalt supply will come from. We spoke to @CDMRawles about the reality for battery and carmakers ($) | https://t.co/n1jeJSRmqt"Read full newsRead More
"Uranium hopeful Berkeley Energia has been smashed on the stock exchanges after a report its Spanish project would be blocked by the government | https://t.co/1fdXtnyaHk #ASX #LSE $BKY"Read full newsRead More
Botswana Diamonds (LON:BOD) and its joint venture partner in Zimbabwe Vast Resource (LON:VAST), are stepping up exploration activity at their concession in the African nation's Marange Fields area.The decision comes after the companies received Wednesday a preliminary geological assessment of the property, which shows Heritage contains several targets for modern alluvial diamond placer deposits.It...Read More
Botswana Diamonds (LON:BOD) and its joint venture partner in Zimbabwe Vast Resource (LON:VAST), are stepping up exploration activity at their concession in the African nation's Marange Fields area.The decision comes after the companies received Wednesday a preliminary geological assessment of the property, which shows Heritage contains several targets for modern alluvial diamond placer deposits.It...Read More
While investing in gold stocks has pretty much been a losing proposition in the last five years and more, one thing caught my attention last week.As I know you are well aware of, on October 9, the S&P/TSX Composite Index began a sell-off that spooked investors, leaving us wondering if this is the sell-off we have been waiting for and/or dreading. The TSX index declined 3.4% in the next two da...Read More
A colleague/friend asked today how I thought the "FANG saga" would end. I replied that I don't know about GOOG and FB, but AMZN is maybe worth $50/share as it burns cash every quarter despite manufacturing GAAP "net income" so it's hard to tell for sure - it could be worth less. NFLX is eventually going to have to restructure its debt, which means the equity is worth zero.NFLX soared $50 after...Read More
Visible gold (VG) in diamond drill core. Source: Triumph Gold Corp.Triumph Gold Corp. [TIG-TSXV; TIGCF-OTC] reported on October 16 that the 2018 exploration season on its 100%-owned, road accessible, Freegold Mountain property 70 km northwest of Carmacks, Yukon, which began in late March, is now complete. In addition to making numerous long, high-grade and gold-rich drill intersections during the...Read More
Sable Resources Ltd. Spences Bridge Gold Belt projects in southern British Columbia. Shading shows the gold belt. Source: Mineral Titles OnlineFollowing a massive claim staking program in southern British Columbia by Sable Resources Ltd. [SAE-TSXV], the company has formed a strategic alliance with Westhaven Ventures Inc. [WHN-TSXV] Sable staked 189,197 hectares covering over 70% of workable groun...Read More
Slowly but surely, the opioid epidemic has been breaching media headlines.It's a simple observation that I lightly remarked on early this morning to myself."This is bigger than you can possibly imagine," came the reply from behind me. I hadn't even realized I had said it out loud, but my colleague Jeff Siegel had once again hit the nail on the head.I'll confess that at first, I didn't fully unders...Read More
KEMET Corporation (NYSE: KEM) offers its customers the broadest selection of capacitor technologies in the industry, along with an expanding range of electromechanical devices, electromagnetic compatibility solutions and supercapacitors. KEMET's vision is to be the preferred supplier of electronic component solutions, demanding the highest standards of quality, delivery and service. We learned fro...Read More
Longtime Colorado School of Mines coach and administrator Marv Kay has been announced as a member of the Colorado Sports Hall of Fame's Class of 2019.Kay will be joined in this year's class by Olympic gold medalist swimmer Missy Franklin, Nordic combined silver medalist Todd Lodwick, former NFL standout Daniel Graham, longtime Wray High School wrestling coach Bob Smith, and track standout and Spec...Read More
Will Fleckenstein, adjunct professor of petroleum engineering and director of strategic relationships and enterprises for earth resources and environmental programs at Colorado School of Mines, was recently interviewed by ABC Denver7 about horizontal drilling and Proposition 112.Watch the full segment below: Read More
Kathryn Johnson, associate professor of electrical engineering at Colorado School of Mines, was recently interviewed by the Boulder Daily Camera about new wind turbine technology set to be tested at the National Renewable Energy Laboratory's National Wind Technology Center. Johnson is collaborating with researchers at the University of Virginia, NREL, Sandia National Laboratory, University of Colo...Read More
Amarillo Gold (TSXV: AGC; US-OTC: AGCBF) recently tabled an updated prefeasibility study (PFS) for the Posse gold deposit on its 100%-owned Mara Rosa gold project in the state of Goias in Brazil. The study raises the project's after-tax net present value (NPV) and after-tax internal rate of return (IRR) while lowering its initial capital expenditure.The former 2017 PFS outlined a US$223 million af...Read More
Pandion Mine Finance is giving Nordic Gold (TSX: NOR) an additional US$7 million in funding so that the junior can put its Laiva gold mine into production and pour first gold on November 27.The funds are supplemental tranches to a $20.6 million gold-forward sale Nordic signed with Pandion in December 2017. Under the latest financing, Nordic will deliver an additional scheduled monthly quantity of...Read More
Ah, Saudi Arabia, land of heat and contradictions. One day they're jailing women's rights activists for wanting to drive, the next day they're dismembering still-living Washington Post journalists. And yet they can count the world's capitalist democracies as friends, because today's dysfunctional economic/geopolitical system depends on both Saudi oil and Saudi willingness to keep their (apparently...Read More
Orbit Garant Drilling (TSX: OGD), one of Canada's largest drilling companies, took advantage of the last downturn to make a strategic move into Chile, and now hopes to repeat that success in West Africa.In December 2015, the Val-d'Or based company bought Captagua Ingenieria, a Chilean drilling company based in Santiago. Since then Orbit Garant has grown its revenue base in the South American count...Read More