Colorado School of Mines was recently ranked the best university in Colorado for employment after graduation by career site Zippia and Fox31 Denver spoke with a recent graduate and Jean Manning-Clark, director of the Mines Career Center, about what makes Mines students so special.Zippia used information from the Integrated Postsecondary Education Data System and CollegeScoreCard to rank the U.S. s...Read More
CALGARY - Baytex Energy Corp. and Raging River Exploration Inc. have signed a deal to merge operations.The combined company, which will operate under the Baytex name, is expected to have production of approximately 94,000 barrels of oil equivalent per day from a diverse portfolio of oil assets that includes the Viking, Peace River, Lloydminster and East Duvernay Shale regions in Canada and the Eag...Read More
VANCOUVER - Shares of Arizona Mining Inc. soared in early trading after the company announced a deal to be acquired by Australian company South32 Ltd. that valued the company at about $2.1 billion.Under the deal, South32, which already holds a 17 per cent stake in the company, has agreed to pay $6.20 per share for the shares it does not already hold.Shares in Arizona Mining were up $2.00 or about...Read More
I hope all the dads doing it the right way had a great Father's Day. As I like to say, we brought the kids here, they didn't ask to come. Act accordingly.Back to resource stocks.Yesterday, June 17, 2018, Australia's South32 (S32:AX) bid $1.3 billion for 100% of Arizona Mining (TSX: AZ).Arizona Mining is developing zinc, lead, manganese, and silver assets in Arizona.The offer translates to C$6.20 p...Read More
The Minerals Council South Africa, an industry lobby group, said on Sunday it does not support some elements in the latest draft of an industry charter, including a stipulation that one percent of core profit is paid to communities and employees.South Africa plans to raise black ownership at permit-holding mining companies to 30 percent from 26 percent within five years, the draft showed on Friday...Read More
South Africa's Mineral Resources Minister Gwede Mantashe said on Sunday that 20 out of 45 mining deaths reported since the start of 2018 have taken place at Sibanye-Stillwater's (JSE:SGL) (NYSE:SBGL) mining sites. To date, #SibanyeStillwater operations are responsible for 20 of the 45 fatalities reported since the beginning of the year. It, therefore, cannot be business as usual in how the Regula...Read More
The U.S. Environmental Protection Agency is planning to dredge contaminated sediment from streambeds and dig ditches to divert water away from tainted rocks and soil, in an effort to clean up wastewater flowing from 26 old mines in southwestern Colorado.According to the Associated Press, such efforts are part of an interim plan the EPA is advancing with the idea of keeping toxic heavy metals from...Read More
Tune into this exclusive 45-minute webinar replay moderated by Jeff Lucyk, Senior Vice-President and Head of Retail Sales at Horizons ETFs, presented by Ted Dixon of INK Research and Louis Fortin of Inovestor Management Inc.Due to sector concentration issues, some investors see the Canadian equity market as a poor investment opportunity compared to other regions, most notably the U.S.However, the...Read More
Feasting on a global demand for cobalt and copper, the mining industry in the Democratic Republic of Congo is flourishing -- but two clouds are spoiling its sunlit future.First is the lack of power, which is holding back the development of the minerals processing sector and crimping the country'Read full newsRead More
Nordstrom isn't closing nearly as many stores as its larger department store rivals, but it could still generate a meaningful amount of cash from selling unneeded properties.Read full newsRead More
Pogo Mine officials say the company may extend the life of the mine northeast of Delta Junction if exploration they're conducting this summer confirms the presence of potentially rich gold deposits.Read full newsRead More
South Africa will give mining companies credit for past black-empowerment deals even when the investors later sold their shares to whites or foreigners, removing a major concern for the industry.Read full newsRead More
South Africa will give mining companies credit for past black-empowerment deals even when the investors later sold their shares to whites or foreigners, removing a major concern for the industry.Read full newsRead More
Fears of tariffs and a potential global trade war have jostled U.S. stocks over the past few months, but there is a sense among investors that the market is taking the drum beat of rhetoric and statements more in stride.In the latest salvo, U.S. President Donald Trump announced hefty tariffs on $50 billion of Chinese imports on Friday, and Beijing threatened to respond in kind.But even as the deve...Read More
The Honduran Fire Department informed that four people died, half of them women, and five were injured following a landslide at an artisanal gold mine in the town of El Retiro, 180 kilometres north of Tegucigalpa.According to Reuters, the Fire Department said that the miners were covered in sand and stones while they were cleaning up the ore they had extracted from the mine to separate it from the...Read More
There can be a number of reasons for an investor to sell a stock. To determine when you should sell a stock, investors should review what the original goal was of buying each individual stock.Here are some illustrative examples.Is it a speculative play?I bought Katanga Mining Ltd. (TSX:KAT) about three weeks ago as a speculative play. The stock popped 26% on Tuesday on good news.My conclusion in t...Read More
The average annual pay for expatriate exploration manager working in Colombia is US$170,000 per year, while the same job for locals pays $76,100.Data was compiled in CostMine's 2014 International Compensation Guidelines for Mining Exploration.Only in Chile was the pay trend reversed. The average annual salary for nationals was $133,800 compared to $130,500 for expatriates.Exploration manager pay f...Read More
Tuolumne County supervisors may refinance a $6 million bond issued in 2006 to pay for cleaning up a former mine west of Jamestown that has become a money pit for taxpayer dollars despite once producing some 21 tons of gold. The county Board of Supervisors is scheduled to hold aRead full newsRead More
Pogo Mine officials say the company may extend the life of the mine northeast of Delta Junction if exploration they're conducting this summer confirms the presence of potentially rich gold deposits.Read full newsRead More
A company conducting exploratory drilling for gold near Rochford in the Black Hills is now buying water for the project from the city of Lead.Read full newsRead More