(Bloomberg) - Anil Agarwal hired AngloGold Ashanti Ltd.'s Srinivasan Venkatakrishnan to run his Vedanta Resources Plc in a move that may hint at the Indian billionaire's plans for his global commodity portfolio.Venkatakrishnan, 53, has been CEO of Johannesburg-based AngloGold for five years and spent much of his career working in Africa. That's a first for a Vedanta CEO and points to the growing...Read More
BAKU, April 16 (Reuters) - Azerbaijan's top gold producer, Anglo Asian Mining, said on Monday it had increased its gold production by 49 percent year-on-year in the first quarter of 2018 to 16,479 ounces from 11,078 ounces in the same period last year.The London-listed firm said its total production of gold-equvivalent ounces (GEO) rose by 26 percent to 18,307 GEO from 14,577 GEO.The company said...Read More
JAKARTA, April 16 (Reuters) - Indonesia's chief economic minister said on Monday that 14 infrastructure projects, worth 264 trillion rupiah ($19.17 billion), are expected to be dropped from the government's strategic development plan due to lack of progress.These projects will be dropped if they don't meet some requirements by the third quarter of 2019, Darmin Nasution said, which is the end of Pr...Read More
LONDON, April 16 (Reuters) - The aluminium market has never experienced anything like it.Since the United States imposed sanctions on Russian oligarch Oleg Deripaska and United Company Rusal on April 6, aluminium has been in turmoil.The London Metal Exchange (LME) price hit a six-year high of $2,340 per tonne last Friday. The weekly rally of nearly 12 percent was the largest since the launch of th...Read More
Mr. Sean Roosen reportsOSISKO CLOSES FINANCING ON VICTORIA GOLD'S EAGLE GOLD PROJECT Osisko Gold Royalties Ltd. has completed the previously announced $148-million financing transaction with Victoria Gold Corp., pursuant to which Osisko acquired from Victoria a 5-per-cent net-smelter-return royalty for $98-million on the Dublin Gulch property which hosts the Eagle gold project located in Yukon, Ca...Read More
Mr. Anthony Makuch reportsKIRKLAND LAKE GOLD ANNOUNCES DETAILS OF ANNUAL GENERAL MEETING AND FIRST QUARTER 2018 CONFERENCE CALL AND WEBCAST Kirkland Lake Gold Ltd. will hold its annual general meeting of shareholders at 10 a.m. ET on Wednesday, May 2, 2018, at the TSX Exchange Tower located at 130 King St. West, Toronto, Ont., M5X1C9.A webcast of the meeting will be available on the company's webs...Read More
Jonathan Thompson has written an important book of investigative journalism, especially relevant for ...Read full newsRead More
The swap is the culmination of a longstanding agreement that began almost a decade ago.Read full newsRead More
Jonathan Thompson places the Gold King Mine spill within the long history of mining and pollution in Southwest Colorado.Read full newsRead More
The U.S. Environmental Protection Agency is firing back at a mining company that accused the agency of letting untreated mine wastewater get into the Animas River in southwestern Colorado.Read full newsRead More
Inside a few reasons that explain the recent rally in gold mining ETFs.Read full newsRead More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index continued its April rebound and gained 15 points for a finish at 1267.71.Support moves up to 1241 (200-day moving average) and 1260. Resistance is at 1276 and 1284.RSI moved up nearly 7 points to 53, while MACD rose 4 points to 3.84. The INK CIN's technicals are look...Read More
This essay on the ramifications of the United States' Deep State missile attack on Syria. The OPCW - Organization for the Prohibition of Chemical Weapons - is an independent organization formed to implement the provisions of the Chemical Weapons Convention. There's 192 member states, including the U.S. and Russia.Russia sponsored a resolution in the U.N. for the U.N. to endorse the OPCW's inve...Read More
Federal judge Sebasti??n Casanello prosecuted Sergio Lorusso, Argentina's former Secretary of Environment, and Jorge Mayoral, former Secretary of Mines.The officials are accused of abuse of power in the case of the 2015 cyanide spill at Barrick Gold's (TSX, NYSE:ABX) Veladero mine, the first of three similar incidents registered at the operation between 2015 and 2017.According to Casanello's decis...Read More
On the night of April 13, President Donald Trump announced that the U.S. would conduct military strikes in Syria with its allies Britain and France. This was in response to an alleged chemical attack that the U.S. and it allies claim was committed by Syrian government forces. The Syrian government has denied the allegations. Russia, which has emerged as a close ally of the Bashar al-Assad governme...Read More
TSLA stock has levitated on statements from Elon Musk that TSL A would be cash flow positive by Q3, an announcement that TSLA would roll out a Model Y "crossover" SUV by November 2019 and the reiteration of ambitious Model 3 production milestones. All three will never happen.Elon Musk's attorneys must be giving Elon the same advise given to Jerry Seinfeld by George just before Jerry took a polygra...Read More
Lithium Chile (LITH.V) seems to have completed its early exploration activities and as the company has identified multiple brine areas at its Ollague and Atacama lithium projects in Chile, LITH is gearing up to get a drill program going as soon as possible to test these high-priority targets.Exploration never has a certain outcome: sometimes you hit what appears to be a home run (Millennial Lithiu...Read More
AngloGold Ashanti (JSE:ANG) CEO Srinivasan Venkatakrishnan has resigned after accepting an offer to become CEO of Vedanta Resources (LSE:VED).Staff reporterSrinivasan Venkatakrishnan will move from AngloGold to Vedanta at the end of August16 APRIL 201816/04/2018commentsshareHe has spent 18 years at the company, first as CFO and then as CEO in the past five years, and will leave at the end of Augus...Read More
Tanzania miner Shanta Gold (AIM:SHG) has managed a profit despite the new Tanzania mining rules, a major capital project and new CEO. New Luika underground delivered despite some grade issues in 201816 APRIL 201816/04/2018commentsshare On production of just under 80,000 ounces of gold in 2017, Shanta brought in EBITDA of US$37.7 million (a 24.5% drop on 2016) and an after tax profit of $4.2 millio...Read More
M2 Cobalt's (MC.V) exploration program in Uganda is in full swing as the airborne and ground survey on the Bombo target (part of one of the Bujagali exploration licenses) has been completed and the crews have moved onto the copper-cobalt-gold zone on another Bujagali exploration license.A total of 3,000 samples have now been taken (1,348 at Exploration License 1666 and 1,747 samples at EL 1665), a...Read More