Canada's RNC Minerals (TSX: RNX) said Thursday it might sell all or part of its Beta Hunt gold and nickel mine in Western Australia to focus instead on its Dumont cobalt and nickel project in Quebec, the world's largest undeveloped reserve of both metals.The Toronto-based miner, which acquire Beta Hunt in 2016, said while it has grew the scale of the operation ever since, such asset is now cons...Read More
Exclusive information obtained by Reuters reveals that Brazilian pension funds led by Previ are planning to sell 10 per cent to 12.5 per cent of their stakes in iron ore miner Vale SA (NYSE:VALE) through a public offering.According to the news agency, four people with inside knowledge of long-rumored plans to migrate Vale to a dispersed ownership structure confirmed this information. The share sal...Read More
Just a month after selling its South Wawa gold property, Toronto-based Argo Gold (CSE: ARQ) announced that it is selling its Rockstar Gold Property to Manitou Gold (TSXV: MTU).Rockstar is located in Ontario's Sault Ste. Marie Mining Division, 50 kilometres north-northeast of Wawa, and contains six known gold bearing occurrences. The most significant prospects are the Rockstar Prospect and the Trac...Read More
A mixture of cyanide and copper, when irradiated with UV light, could have produced simple sugars that formed the building blocks of life on early Earth. This is according to Harvard graduate student Zoe Todd and Dimitar Sasselov, the Phillips Professor of Astronomy and director of the Harvard Origins of Life Initiative.In a paper published this week in the journal Chemical Communications, the res...Read More
https://vrify.com/VRify is a communication platform empowering companies and investors to connect on a new level. Showcase your projects and assets to investors in our virtual space, share the latest news and events instantly and market your company like never before.Read More
Gem Diamonds (LN:GEMD) has had a good 2018 so far, with seven plus-100 carat diamonds already recovered at its 70%-owned Let??eng mine in Lesotho, matching the total recovered in 2017.Clifford Elphickhas seen many changes in the diamond sector over the years22 MARCH 201822/03/2018commentsshare Mining Journal spoke to GEM CEO Clifford Elphick about the recoveries and what the company is planning fo...Read More
Lithium exploration company, Lake ResourcesN.L. (ASX:LKE) today announced it has secured commitments to raise A$4.5million in an oversubscribed private placement to sophisticated andprofessional investors. The original offer was increased from $4million due to significant demand from current shareholders, with the upsized$4.5 million raise to be completed by Monday 26 March 2018.The funds will be...Read More
"Those who created this country chose freedom. With all of its dangers. And do you know the riskiest part of that choice they made? They actually believed that we could be trusted to make up our own minds in the whirl of differing ideas. That we could be trusted to remain free, even when there were very, very seductive voices – taking advantage of our freedom of speech – who were tryin...Read More
"Those who created this country chose freedom. With all of its dangers. And do you know the riskiest part of that choice they made? They actually believed that we could be trusted to make up our own minds in the whirl of differing ideas. That we could be trusted to remain free, even when there were very, very seductive voices – taking advantage of our freedom of speech – who were tryin...Read More
"The Mineral Resources Development Fund is a smart, strategic investment in the future of our industry," said Sean Kirby, Executive Director of MANS. "The provincial government has made a series of important policy decisions in recent years that are helping our industry grow and create jobs for Nova Scotians. The government's support helped us open three major new mines in 2017, representing h...Read More
First-Mover Gold Exploration in JapanRead full newsRead More
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CloseGain/LossGold $1333.40+$23.00Silver$16.60+$0.40XAU80.59+3.16%HUI174.49+3.12%GDM609.50+2.46%JSE Gold1066.77+5.10USD89.65-0.76Euro123.47+1.01Yen94.62+0.54Oil$65.17+$1.6310-Year2.882%-0.005T-Bond143.78125-0.0625Dow24682.31-0.18%Nasdaq7345.29-0.26%S&P2711.93-0.18% The Metals: Gold saw decent gains in Asia and London and climbed $16.10 to as high as $1326.50 in late morning New York trade...Read More
Key Metric LIBOR OIS Signals Major Credit Concerns - Widening of the spread between LIBOR OIS (overnight index swap) rate raises concerns- Spread jumped to 9 year widest spread, rising to 54.6bps, most since May 2009.- Libor recently moved to over 2% for first time since 2008- Wider spread usually associated with heightened credit concernsEditor: Mark O'ByrneMajor credit concerns are back as one...Read More
According to BHP Billiton's Andrew Mackenzie, a rise in clean energy won't mean a fall in commodities demand - in fact, he sees a future of prosperity.Read full newsRead More
FTSE 100 closes down around 22ptsMining stocks wanted as dollar retreatsAll eyes and ears on Fed's interest rate decision FTSE 100 closed in the red as sterling strengthened as traders fret about a potential trade war and ahead of the Fed's interest rate decision.The UK's premier index closed down around 22 points at 7,038, while the FTSE 250 shed over 55 points at 19,668.In curren...Read More
For now at least, Barrick Gold Corp. seems to have escaped a tax crackdown in Zambia that has embroiled fellow Canadian miner First Quantum Minerals Ltd.That should be welcome news for a company whose news flow has been punctuated with controversy from Tanzania to Argentina and Chile.On Tuesday, First Quantum revealed that the Zambian tax agency reassessed its equipment imports over six years, dem...Read More
Just a month after selling its South Wawa gold property, Toronto-based Argo Gold (CSE: ARQ) announced that it is selling its Rockstar Gold Property to Manitou Gold (TSXV: MTU).Rockstar is located in Ontario's Sault Ste. Marie Mining Division, 50 kilometres north-northeast of Wawa, and contains six known gold bearing occurrences. The most significant prospects are the Rockstar Prospect and the Trac...Read More
A mixture of cyanide and copper, when irradiated with UV light, could have produced simple sugars that formed the building blocks of life on early Earth. This is according to Harvard graduate student Zoe Todd and Dimitar Sasselov, the Phillips Professor of Astronomy and director of the Harvard Origins of Life Initiative.In a paper published this week in the journal Chemical Communications, the res...Read More
"There has been sort of the perfect storm of factors tightening financial conditions...Banks do have tremendous liquidity still, but it's at a higher price...Read full newsRead More