Votorantim SA, one of Brazil's biggest diversified industrial groups, on Friday reported net income of 150 million reais ($42 million) in the first quarter, compared with a loss of 546 million reais a year ago, due in part to higher metal prices.In a statement, Votorantim said profit was also boosted by sales growth in its aluminum and cement businesses, as well as higher net income from wood pulp...Read More
Votorantim SA, one of Brazil's biggest diversified industrial groups, on Friday reported net income of 150 million reais ($42 million) in the first quarter, compared with a loss of 546 million reais a year ago, due in part to higher metal prices.In a statement, Votorantim said profit was also boosted by sales growth in its aluminum and cement businesses, as well as higher net income from wood pulp...Read More
Nevada Sunrise (TSXV:NEV) announced today that it will make an application to the TSX Venture Exchange (theRead full newsRead More
NorthIsle Copper and Gold (TSXV:NCX)("Northisle" or the "Company") and Freeport-McMoRan Mineral Properties Canada Inc. ("Freeport") have agreed to an initial work plan and budget for Northisle's wholly-owned Pemberton Hills Property located on Vancouver Island, in British Columbia.Read full newsRead More
NEW DELHI, May 11 (Reuters) - India's thermal coal imports rose by more than 15 percent in the first three months of 2018, with Indonesia accounting for about three-fifths of total supplies, according to vessel arrival data from Dubai-based coal trader American Fuels & Natural Resources.India's rising coal imports are contributing to higher demand across Asia this year, which has pushed benchmark...Read More
PARIS, May 11 (Reuters) - Louis Dreyfus Company said on Friday it had completed the sale of its metals business to a Chinese investment fund for $466 million, as part of a push to revive profits by focusing on its core agricultural markets.Louis Dreyfus announced in December an agreement to sell LDC Metals to NCCL Natural Resources Investment Fund, without disclosing financial details.The metals b...Read More
Mr. Jim Payne reportsDYNACERT OFFICIAL LAUNCH OF HYDRAGENTECHNOLOGY IN MIDDLE EASTDynaCERT Inc. has provided an update. Middle East Following the global launch of DynaCERT new HydraGEN products at the TruckWorld trade show in Toronto (please see press release of April 20, 2018), DynaCERT is fostering its global recognition in carbon emission reduction technology with its launch of HydraGEN in Dub...Read More
Exploration company needed to read Ethiopia's mining code more closelyRead full newsRead More
Employees might tell you they care more about work-life balance than salary, but what really motivates them?The results of the latest MPi poll suggest the signals mining employees send employers about their expectations for pay and conditions can be dangerously misleading - and salary is more important right now than you might think.A series of recent polls conducted via the Mining People Polling...Read More
Story by Jeff Desjardins When it comes to conversations on energy, it's hard to leave your feelings at the door.It's arguable that energy is the single most important driver of human progress - it's a multi-trillion dollar industry that powers our daily lives, technological advancements, and even the economic development of entire countries. At the same time, our choices around energy can have si...Read More
Mr. Peter Grosskopf reportsSPROTT ANNOUNCES 2018 FIRST QUARTER RESULTS Sprott Inc. has provided its financial results for the three months ended March 31, 2018. Financial overview for the quarter ended March 31, 2018:Assets under management (AUM) were $11.6-billion as at March 31, 2018, compared with $7.3-billion as at Dec. 31, 2017.Total net revenues (net of commission expenses, trailer fees, sub...Read More
South Africa'sImpala Platinum (Implats) is seeking tenders to build a tailings or waste storage facility at its Marula mine in a positive sign for a site recovering from community protests that sent its shares higher.The company posted an advertisement on Friday in the local Mail & Guardian newspaper seeking tenders for the project. Bidders are required to "use 100 percent unskilled local labour"...Read More
Chile's Caserones copper operation, majority-owned by Japan's top smelter, JX Nippon Mining & Metals, in conjunction with fellow miner Mitsui Mining & Smelting Co., and in which Mitsui Co. has a 22.63%-stake, continues to be a source of pain for the companies, as they struggle to bring it to full capacity and meet profit targets.The mine, behind schedule ever since it began producing in May 2014,...Read More
Prospectors first found gold in Oregon in 1851 and they're still shouting Eureka today. Gold is closer than most people think too.Read full newsRead More
Ethiopia has suspended a gold mining firm's license after weeks of protests in a town near the mine by local people who accuse the company of polluting their source of water and the atmosphere, a government official said.Read full newsRead More
Randgold Resources Ltd. fell the most in 18 months in London after a series of setbacks across its African mines hit both earnings and gold production.Read full newsRead More
Barrick Gold, Randgold Resources, Newmont Mining, Freeport McMoran and Goldcorp all make the short list for stocks to consider in this commodity segment -- but which of them are best positioned to prosper?Read full newsRead More
Ethiopia has suspended a mining licence for MIDROC Gold, company owned by Saudi billionaire Mohammed al-Amoudi, after more than a week of sometimes violent protests in a town near the mine.Demonstrators had blockaded roads in the country's unruly Oromia region since April 30, preventing people from going to work and forcing schools to cancel classes, asking the government to revoke a 10-year mini...Read More
Indian conglomerate Adani Enterprises Ltd. has taken a 896.4 million rupees ($13.3 million) writedown on its Carmichael coal mine in Australia's Queensland state due to delays and legal challenges.The impairment charge was booked by its Australian unit Adani Mining Pty in the quarter ended March 31, Adani Enterprises said in a stock exchange filing Thursday in Mumbai.Even though the writedown is s...Read More
Baytex Energy Corp. (TSX:BTE)(NYSE:BTE) and Cameco Corp. (TSX:CCO)(NYSE:CCJ) are trading at 12-month highs, and investors are wondering if more gains could be on the way for these long-suffering stocks.Let's take a look at the current situation to see if Baytex and Cameco deserve to be in your portfolio.BaytexBaytex has surged from close to $3 per share in early March to $6. That's an impressive m...Read More