Wealth Minerals strikes agreement over Chile lithium projectsRead full newsRead More
Cobalt company Cobalt 27 is seeing an ideal storm brewing for its key commodity as the adoption rate of electric vehicles (EVs) accelerates faster than even optimistic forecasts had speculated. "Cobalt 27 is a proxy for the adoption of the EV," executive chairperson Anthony Milewski told Mining Weekly Online in an interview. "What our most recent raise tells one is that the thematic is picking up...Read More
(Bloomberg) - First Quantum Minerals Ltd. plunged the most in almost two years as the miner was hit with a $7.9 billion tax bill by Zambia, which accounts for 84 percent of its revenue.First Quantum received a letter from the Zambian Revenue Authority dated Monday "noting an assessment for import duties, penalties and interest on consumables and spare parts," it said Tuesday in a statement. "The...Read More
LiDCO Group plc (LON:LID) saw its shares drop 7.5% in mid-afternoon trading to 6.1p after announcing the end of its distribution contract with Argon Medical Devices.The blood-flow monitoring company said the contract, which contributed ?1.4mln to LiDCO's overall sales in the last financial year, would end on 30 September 2018.Meanwhile, shares in GetBusy Plc (LON:GETB) fell 6.8% to 34p as the sof...Read More
Seeing Machines Limited's (LON:SEE) Ken Kroeger and Patrick Nolan talk to Proactive about a strong first half and the number of opportunities for its technology in aviation.Patrick Nolan, head of aviation, said he was excited about three applications: "Firstly, aircraft, then into the simulators with significant requirements for pilot training there."And thirdly what we are interested in is consol...Read More
Worries over the health of the UK retail sector will make full-year results from B&Q owner Kingfisher PLC (LON:KGF) a key focus on Wednesday.Ina preview, Graham Spooner, research analyst at The Share Centre noted: "The last update from Kingfisher, a third quarter statement in November, was notable for signs of continued weakness in the French businesses although the company said it remained on...Read More
Mick Billing, executive chairman of Thor Mining PLC (LON:THR) caught up with Proactive Investors too add some more detail around their recent decision to focus solely on their tungsten and copper interests in Australia and the US.Billing says the time has come to absolutely focus all efforts on Pilot Mountain, Molyhil and Kapunda. Meet Wolf Minerals, Thor Mining PLC, Rainbow Rare Earths Limi...Read More
(Bloomberg) - Mining companies in Ivory Coast called for talks with the government after it discontinued a tax exemption for industrial and commercial benefits.The measure would affect companies' "financial equilibrium" and could hurt foreign investment in the West African nation, an industry body representing the companies, known by its French acronym GMPCI, said in a statement published in the...Read More
Steve Hughes, VP of exploration at Asiamet Resources Limited (LON:ARS), tells Proactive ongoing resource delineation drilling at the BKZ prospect in Indonesia is continuing to intersect high-grade polymetallic and copper-silver mineralisation.Hughes adds they're in talks with a couple of drill contractors and are looking to have a second rig at Beutong within around 30 days to expand the programme...Read More
(The opinions expressed here are those of the author, a columnist for Reuters)By Andy HomeLONDON, March 20 (Reuters) - The last British tin mine closed in 1998.When South Crofty ceased operating, it brought the curtain down on two millennia of tin mining in the southwestern county of Cornwall.However, hope springs eternal in Poldark country, as the region has been dubbed after the hugely successfu...Read More
Dr. Quinton Hennigh reportsNOVO PROVIDES AN EXPLORATION UPDATE FROM COMET WELL Novo Resources Corp. has provided an update of exploration activities at Comet Well, part of Novo's greater Karratha gold project located in the Pilbara region of Western Australia. Trenching, bulk sampling and scout diamond drilling are currently under way, and the first results from recently collected bulk samples are...Read More
Mining companies operating in South Africa, including Anglo American (LON:AAL) and Sibanye Gold (JSE:SGL) (NYSE:SBGL), may soon have to increase their black-owned stakes to 30%, from a previous 26%, but the government is promising to deliver "policy certainty" in return.Newly appointed Minister of Mineral Resources Gwede Mantashe said the key to regain investors and miners confidence in the South...Read More
Amur Minerals Corporation's (LON:AMC) chief executive Robin Young tells Proactive he is 'very pleased' with the 50% increase to 1.58mln tonnes at the Russian nickel deposit."For every metre drilled, we have found US$213,000 of metal value while each tonne of nickel has cost just US$35 to discover."The resource is now more than enough for detailed engineering plans and is also of a size t...Read More
Bankers Cobalt Corp. (TSXV: BANC) recently released results on their first 12 drill holes, revealing some high-grade copper along with some cobalt. Peter Bell dives in deeper as to what this means as it could turn out to be very exciting news.Below is an excerpt and a link to the article.What a success story.It's sure been possible to make major progress quickly in DRC in recent years. The threa...Read More
Mr. Nav Dhaliwal reportsBONTERRA CONTINUES TO DEMONSTRATE CONTINUITY OF THE GLADIATOR GOLD DEPOSIT INTERSECTING 16.9 G/T GOLD OVER 6.5 MBonterra Resources Inc. has released initial results from the continuing winter drilling campaign at the Gladiator gold deposit, including an intersection of 16.9 grams per tonne gold over 6.5 metres. High-grade intersections from four recent drill holes continue...Read More
Mr. Michael Allen reportsNORTHERN EMPIRE DRILLS 70.07 M OF 1.79 G/T GOLD AT THE SECRET PASS DEPOSIT STERLING GOLD PROJECT, NYE COUNTY, NEVADANorthern Empire Resources Corp. has released drill results from the Secret Pass deposit, within the company's 100-per-cent-owned Sterling gold project located in Nye county, Nevada.Hole IDFromToLengthAu(m) (m) (m) (g/t)SP18-003C* 152.86222.93 70.071.79includi...Read More
Mid-tier Canadian miner B2Gold (TSX, NYSE: BTO) said Tuesday its Fekola mine won't be affected by a new mining code the country's government is planning to draft as the asset is governed by a finalized and enforceable mining convention valid for the lifespan of the mine.The Vancouver-based company, which poured first gold at Fekola late last year, said media reports claiming Mali will move to imp...Read More
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Almost half of Canada's marijuana firms started out in the resource sector before many converted to pot via reverse takeovers and spinoffsRead full newsRead More