Russia's Petropavlovsk finds itself in the middle of a coup for the second time this year due to a battle between shareholders aiming to take control of the company.Read full newsRead More
Lobo Tiggre, better known by his pen name Louis James, explains why he decided to start his own business and what topics he plans to cover at his new venture.Read full newsRead More
Canada NewsWireVANCOUVER, May 15, 2018VANCOUVER, May 15, 2018 /CNW/ - Golden Reign ResourcesLtd. (TSX-V: GRR) (Read full newsRead More
Copper is known as "man's first metal", and for over 10,000 years, it's been used in applications ranging from architecture to coinage.However, it was Michael Faraday's discovery of electromagnetic induction in 1831 that turned demand on its head for the red metal. As the world used more and more electricity, copper became known as the obvious choice as an electrical conductor.Every year, humans...Read More
A well-known maxim in markets is that over time, small-cap stocks outperform large-cap stocks. Over the past century, the average return from small-cap stocks is roughly 2% greater - a dramatic differential over one's lifetime investment horizon.There is no mystery to this result. It's simple arit...Read full newsRead More
(Bloomberg) - A federal judge struck down the city of Oakland, California's ban prohibiting companies from transporting coal though an export terminal that U.S. miners see as a key link to overseas markets.The ban enacted by the city in 2014 violates a development agreement, U.S. District Judge Vince Chhabria said Tuesday in a 37-page ruling.As demand for coal in the U.S. declines, miners depend...Read More
Mr. Christian Grijalva reportsSAN MARCO ACQUIRES ESPIRITU SMR POLYMETALLIC PROPERTY: INCREASES DISTRICT SCALE EXPLORATION FOOTPRINT IN THE SAHUARIPA DISTRICT OF EASTERN SONORA STATESan Marco Resources Inc. has been awarded the Espiritu SMR property in the Mexican government's recent mineral concession lottery.Espiritu SMR is located approximately 230 kilometreseast of Hermosillo and 15 kilometres...Read More
HONG KONG, May 15 (Reuters) - Privately held gold trader Sakthi Trading Group is planning to build two gold refineries in Africa and is looking for investors for the projects, company executives said on Tuesday.The group, headquartered in the United Arab Emirates, is seeking a total investment of $246 million for the refineries and related processing centres, in Ghana and the Democratic Republic o...Read More
HAMBURG, May 15 (Reuters) - Aurubis AG, Europe's biggest copper smelter, said on Tuesday it expects positive conditions to continue in copper markets in the coming months and confirmed its forecast of higher earnings."We still anticipate a satisfactory supply of copper concentrates (ore) and corresponding treatment and refining charges," it said. "We expect, in general, a stable copper scrap marke...Read More
A 6.16-carat blue diamond that was secretly passed down through European royalty over three centuries has fetched $6.7 million at a Sotheby's auction in Geneva - $1.4 million more than what experts expected it to be sold for.The pear-shaped, dark grey-blue gem, known as The Farnese Blue, sold after just four minutes of bidding. It's believed to be one of the most important historical diamonds left...Read More
SANTIAGO, May 15 (Reuters) - Chilean copper mine Sierra Gorda, controlled by Polish miner KGHM, said on Tuesday it had shut down following a fatal accident involving a contract worker.Roberto Venegasa, an employee of equipment supply firm Finning, died during routine maintenance work at the mine, the company said in a statement."The company has decided to shut down operations and notify authoritie...Read More
Mr. Mark Kolebaba reportsADAMERA PROVIDES EXPLORATION UPDATE - FOLLOW-UP DRILLING ON HIGH GRADE ZONES SCHEDULEDAdamera minerals Corp. has provided an update on its exploration of the Cooke Mountain project in Washington State.Drilling on high-grade intercepts generated in 2017 and 2018 is scheduled to resume in June, 2018. As a result of the 2017 and 2018 programs, Adamera has better defined two...Read More
WARSAW, May 15 (Reuters) - Poland's KGHM, one of the world's biggest copper and silver producers, reported a 38 percent slide in first-quarter net profit on Tuesday, hit by lower output and sales.The state-run company said net profit for the first three months of the year stood at 439 million zlotys ($121.08 million), compared with the 453 million zlotys expected by analysts and 710 million zlotys...Read More
HONG KONG, May 15 (Reuters) - Australian miner Argosy Minerals plans to use the production from the pilot plant at its lithium carbonate mine in Argentina to entice financing for its commercial operations at the site, a company executive said on Tuesday.Argosy's Rincon project in northern Argentina will start producing 500 tonnes per year of lithium carbonate equivalent (LCE) next month, Managing...Read More
World's No.2 miner Rio Tinto (LON, ASX:RIO) said Tuesday that cost inflation driven by rising oil prices and a resurgence of resource nationalism are increasingly affecting mining companies' investment decisions.Speaking at the Bank of America Merrill Lynch conference in Miami, chief executive Jean Sebastien-Jacques said he remained optimistic about the medium to long-term global growth outlook...Read More
The answer depends a lot on how much you're willing to spend to find it.Read full newsRead More
The answer depends a lot on how much you're willing to spend to find it.Read full newsRead More
A 48-year-old German motorist died when his Telsa Model S crashed into a highway guardrail near the Swiss town of Bellinzona, and burst into flames trapping the driver.Read full newsRead More
Mountain Province Diamonds (TSX, NASDAQ: MPVD) has appointed outgoing Firestone Diamonds (LON:FDI) boss and former De Beers financial chief, Stuart Brown, as its new president and top executive.Brown led Lesotho-focused Firestone since September 2013 and was the main person in charge of securing the funding and building the team that delivered the successful construction and transition to producti...Read More
Global miners Glencore and Barrick Gold expect to receive a prospecting license for a nickel joint venture in Tanzania after the government canceled its retention license, Barrick said.Read full newsRead More