Fluid ounces. Image: Polyus GoldRussian gold miner Polyus on Thursday provided an update on its Sukhoi Log project, one of the world's largest untapped gold deposits. The news sent units of the company trading over the counter in the US up 3% for a market value of some $8.5 billion.Polyus in May completed the scoping study and verification drilling programme at Sukhoi Log, located in the Irku...Read More
(Bloomberg) - While President Donald Trump searches for a way to save America's coal country, some in his own party have their eyes set on what's arguably the exact opposite: making solar shine.Since taking office, Trump has worked to undo his predecessor's renewable energy-friendly policies, levied tariffs on imported solar equipment and signed tax reforms that depleted financing for clean energ...Read More
Algold Resources Ltd. (TSXV:ALG) ("Algold" or the "Corporation") today announced assay results from a trenching and pitting program carried out during the first and second quarters of 2018 at the high-grade Salma Vein System and Eleonore zone located at the Corporation's Tijirit project in Mauritania.Read full newsRead More
Canadian Platinum Corp. (Read full newsRead More
Mr. Jim Payne reportsDYNACERT ANNOUNCES UPDATES, NEW ORDERS, NEW EQUIPMENT RECEIVED FOR HG-2 DynaCERT Inc. has provided the following updates.DynaCERT is not aware of any reason for the recent share price decline, volumes or volatility in stock trading over the last few days. HG-1DynaCERT continues to receive extremely positive written reports and verbal feedback from its customers and dealers wit...Read More
LONDON, June 6 (Reuters) - The London Metal Exchange (LME) plans to launch around 15 new contracts from next January, including cash-settled cobalt and hot-rolled coil steel contracts, an executive said on Wednesday."We will put in place the technical capabilities by November and then we'll launch them from January," Robin Martin, head of market development, told Reuters on the sidelines of the In...Read More
Striking Escondida workers clash with police March 2017 (Image: Telam | YouTube)Copper's stunning rally this week continued in New York on Thursday with the metal touching a high of $3.32 a pound ($7,310 a tonne), the highest since January 2014, before paring some of those gains as worries about labour-related supply disruptions in key producing regions resurface.Workers at the Escondida copper m...Read More
LONDON, June 6 (Reuters) - Canada's Bank of Nova Scotia (Scotiabank) is limiting lending by its ScotiaMocatta metals unit as it embarks on a radical restructuring likely to halve the size of the business, sources familiar with the matter said.Mocatta is the largest financier of the global precious metals supply chain, accounting for some 15-20 percent of lending to clients ranging from refiners an...Read More
GABORONE, June 7 (Reuters) - Botswana Diamonds (BoD) wants to buy liquidated BCL Mine's shares in a diamonds exploration joint venture project, its managing director said on Thursday.BCL mine group, which has been under liquidation since 2016, is selling its 51 percent stake in Maibwe Diamonds for an undisclosed amount."We have put in an offer to the liquidator of BCL and we hope to get a response...Read More
Brazil's President Michel Temer is set to issue a decree next week introducing key changes to current mining regulations, aimed at making the country's industry more competitive and sustainable.The executive order will technically be a reinterpretation of 50-year-old regulations, rather than a new law, Adriano Trindade, attorney specializing in mining rules from Pinheiro Neto Advogados told MININ...Read More
June 7 (Reuters) - Australia's Fortescue Metals Group said on Thursday it has built up a 19.9 percent interest in small iron ore miner Atlas Iron Ltd, giving it a large enough stake to block a takeover of Atlas by Mineral Resources Ltd.Fortescue, the world's No. 4 iron ore miner, said it would not support Mineral Resources' A$280 million ($214 million) takeover of Atlas announced in April on the c...Read More
JOHANNESBURG, June 7 (Reuters) - Earthquakes such as the one in which seven miners died last month in South Africa are impossible to predict and a fact of life for deep level operations there, the chief executive of the mine's owner Sibanye-Stillwater said on Thursday.Precious metals producer Sibanye has been the object of strong criticism from unions, local media and the government after the eart...Read More
State regulators gave the Canadian company the OK to excavate wetlands and possibly relocate any endangered species at the Upper Peninsula site.Read full newsRead More
State regulators gave the Canadian company the OK to excavate wetlands and possibly relocate any endangered species at the Upper Peninsula site.Read full newsRead More
Mr. David Wolfin reportsAVINO COMMISSIONS MILL CIRCUIT 4Avino Silver & Gold Mines Ltd. has commissionedmill circuit 4, which involves ramp-up, testing and tuning; the mill is operating consistent with management's expectations. Following the completion of the milling, flotation and thickening components, mill circuit 4's 1,000-tonne-per-day ball mill was turned over on Feb. 26, 2018, for its i...Read More
Caterpillar recently celebrated the manufacture of the 1000th Cat (R) 797 Mining Truck. With 400 tons (363 tonnes) payload capacity, the 797F model is Caterpillar's largest truck and the largest mechanical-drive mining truck in the world.The 797 is the only mining truck in the size class to reach the 1,000 milestone. The first 797 placed in a mining operation was commissioned in 1999 and is stil...Read More
Mr. Mark Kolebaba reportsINITIAL IP DATA DELINEATES SIGNIFICANT GOLD TARGETS ON THE OVERLOOK TRENDAdamera Minerals Corp.has provided initial results of an induced polarization (IP) survey on the Overlook gold trend, 200 metres southeast of the historic Overlook mine in Washington State. The survey covers an area drilled earlier by Adamera where drill holes OS17-01 and OS17-03 intersected zones of...Read More
Mr. Peeyush Varshney reportsZINCX RESOURCES ANNOUNCES 2018 EXPLORATION PLANSZincx Resources Corp. has released its plans for the 2018 field season for the 100-per-cent-owned Akie project. The company has outlined a comprehensive 2,500-metre diamond drill program that will focus on its 100-per-cent-owned Akie property. The company also wishes to advise it is in the final stages of its preliminary e...Read More
Granada Gold Mine has completed an initial trench program at its Aukeko property, immediately adjacent to its flagship gold property, the Granada Mine, in the province of Quebec, Canada.Read full newsRead More
On Monday, the Michigan Department of Environmental Quality gave a final permit for the controversial Back Forty gold mine in Menominee CountyRead full newsRead More